Stocks on the move
Real-time equity news
U.S. stock market report
0731 EST 15March2010
Pepsi raises dividend, to repurchase $15 bln
PepsiCo Inc said on Monday it will raise its dividend by 7 percent to $1.92 a share annually, and also announced plans to buy back up to $15 billion of common shares through June 2013.
The world's No. 2 soft-drink maker said the increase in dividend will take effect when the board declares the next quarterly dividend, which is currently expected to be paid on June 30 to shareholders of record on June 4.
For details, see
Shares of Pepsi closed Friday at $65.10.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0725 EST 15March2010
Capital One card defaults fall in February
Capital One Financial Corp's U.S. credit-card defaults fell in February, in a sign that consumer stress may be easing.
In a regulatory filing, Capital One said the annualized net charge-off rate -- debts the company believes it will never collect -- for U.S. credit cards fell to 10.19 percent in February from 10.41 percent in January.
Accounts at least 30 days delinquent -- an indicator of future loan losses - declined to 5.51 percent from 5.80 percent.
For details, see
Shares of Capital One closed Friday at $39.89.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0723 EST 15March2010
Futures fall on concerns about China
U.S. stock index futures fell on Monday on persistent concerns over a possible monetary tightening in China, which could slow the global recovery from recession.
For details, see
S&P 500 futures fell 4.3 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures dropped 40 points and Nasdaq 100 futures lost 7.25 points.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0704 EST 15March2010
Economic indicators for March 15
Economic indicators on tap for Monday include the March New York Fed manufacturing number and capacity utilization data for February.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0658 EST 15March2010
Earnings diary for March 15
There are no S&P 500 companies scheduled to report quarterly results on Monday.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Real-time equity news
U.S. stock market report
0731 EST 15March2010
Pepsi raises dividend, to repurchase $15 bln
PepsiCo Inc said on Monday it will raise its dividend by 7 percent to $1.92 a share annually, and also announced plans to buy back up to $15 billion of common shares through June 2013.
The world's No. 2 soft-drink maker said the increase in dividend will take effect when the board declares the next quarterly dividend, which is currently expected to be paid on June 30 to shareholders of record on June 4.
For details, see
Shares of Pepsi closed Friday at $65.10.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0725 EST 15March2010
Capital One card defaults fall in February
Capital One Financial Corp's U.S. credit-card defaults fell in February, in a sign that consumer stress may be easing.
In a regulatory filing, Capital One said the annualized net charge-off rate -- debts the company believes it will never collect -- for U.S. credit cards fell to 10.19 percent in February from 10.41 percent in January.
Accounts at least 30 days delinquent -- an indicator of future loan losses - declined to 5.51 percent from 5.80 percent.
For details, see
Shares of Capital One closed Friday at $39.89.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0723 EST 15March2010
Futures fall on concerns about China
U.S. stock index futures fell on Monday on persistent concerns over a possible monetary tightening in China, which could slow the global recovery from recession.
For details, see
S&P 500 futures fell 4.3 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures dropped 40 points and Nasdaq 100 futures lost 7.25 points.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0704 EST 15March2010
Economic indicators for March 15
Economic indicators on tap for Monday include the March New York Fed manufacturing number and capacity utilization data for February.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0658 EST 15March2010
Earnings diary for March 15
There are no S&P 500 companies scheduled to report quarterly results on Monday.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2010 AFX News
