Real-time equity news
U.S. stock market report
0909 ET 8Sept2010-BofA
ML downgrades Visa to 'underperform'
Visa Inc could continue to be hurt by regulatory issues and a decline in margins, BofA Merrill Lynch said, and lowered its rating on the credit card network by a notch to 'underperform.'
Visa could face some downside risk given debit regulation issues and growing structural concerns within the payments space, the brokerage said in a note to clients.
For details, see
Shares of Visa fell 1.1 percent to $70.68 in premarket trading.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0850 ET 8Sept2010
Staples rises in premarket after Goldman upgrade
Goldman Sachs raised Staples Inc to 'buy' from 'neutral,' citing the office supplies retailer's continuing market share gain and recent improvements in delivery and promotions in the back-to-school season.
For details, see
Shares of Staples rose 3.1 percent to $19.25 before the bell.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0831 ET 8Sept2010
Home buying up in week, but down 40 pct in year
Americans applied to buy homes at the highest pace last week since May, but more than 8 of every 10 loan requests was for a refinancing, Mortgage Bankers Association data show on Wednesday.
August employment and July pending home sales surpassed forecasts and could portend a rise in deeply depressed home sales, economists said.
Still, about 82 percent of all loans last week were for refinancings rather than purchases, with unemployment still high at 9.6 percent and the U.S. housing market groping for a bottom.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0814 ET 8Sept2010
Futures track European stocks up
U.S. stock index futures rose on Wednesday, tracking a turnaround in European stocks and ahead of comments from the Federal Reserve on the state of the economy.
For details, see
S&P 500 futures rose 3.4 points and were above 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 gained 33 points and Nasdaq 100 futures added 9.5 points.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0812 ET 8Sept2010
Ciena shares fall after Q3 results
Shares of Ciena Corp fell 2.5 percent to $13.10 in premarket trading on Wednesday after the company reported its third-quarter results.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0746 ET 8Sept2010
Talbots shares fall after Q2 results
Shares of Talbots Inc fell 10 percent to $10 in premarket trading on Wednesday after the company reported its second-quarter results.
For details, see
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.
U.S. stock market report
0909 ET 8Sept2010-BofA
ML downgrades Visa to 'underperform'
Visa Inc could continue to be hurt by regulatory issues and a decline in margins, BofA Merrill Lynch said, and lowered its rating on the credit card network by a notch to 'underperform.'
Visa could face some downside risk given debit regulation issues and growing structural concerns within the payments space, the brokerage said in a note to clients.
For details, see
Shares of Visa fell 1.1 percent to $70.68 in premarket trading.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0850 ET 8Sept2010
Staples rises in premarket after Goldman upgrade
Goldman Sachs raised Staples Inc to 'buy' from 'neutral,' citing the office supplies retailer's continuing market share gain and recent improvements in delivery and promotions in the back-to-school season.
For details, see
Shares of Staples rose 3.1 percent to $19.25 before the bell.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0831 ET 8Sept2010
Home buying up in week, but down 40 pct in year
Americans applied to buy homes at the highest pace last week since May, but more than 8 of every 10 loan requests was for a refinancing, Mortgage Bankers Association data show on Wednesday.
August employment and July pending home sales surpassed forecasts and could portend a rise in deeply depressed home sales, economists said.
Still, about 82 percent of all loans last week were for refinancings rather than purchases, with unemployment still high at 9.6 percent and the U.S. housing market groping for a bottom.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0814 ET 8Sept2010
Futures track European stocks up
U.S. stock index futures rose on Wednesday, tracking a turnaround in European stocks and ahead of comments from the Federal Reserve on the state of the economy.
For details, see
S&P 500 futures rose 3.4 points and were above 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 gained 33 points and Nasdaq 100 futures added 9.5 points.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0812 ET 8Sept2010
Ciena shares fall after Q3 results
Shares of Ciena Corp fell 2.5 percent to $13.10 in premarket trading on Wednesday after the company reported its third-quarter results.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0746 ET 8Sept2010
Talbots shares fall after Q2 results
Shares of Talbots Inc fell 10 percent to $10 in premarket trading on Wednesday after the company reported its second-quarter results.
For details, see
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.
