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Carnival Q1 Profit Beats View, Lowers 2015 Earnings Outlook
Fri, 27 Mar 2015 14:55:30 GMT - Cruise operator Carnival Corp. & plc on Friday reported a turnaround to profit in the first quarter, reflecting lower operating costs that more than offset a decline in revenue. Adjusted earnings per share topped analysts' expectations, while quarterly revenues missed their estimates. Looking ahead, the company forecast earnings for the second quarter below Street expectations.
Stocks Roughly Flat Following Recent Weakness - U.S. Commentary
Fri, 27 Mar 2015 14:30:23 GMT - After moving notably lower over the past few sessions, stocks are turning in a lackluster performance in early trading on Friday. The major averages have pulled back near the unchanged line after seeing initial strength.
U.S. Consumer Sentiment Falls Less Than Initially Estimated In March
Fri, 27 Mar 2015 14:12:03 GMT - Consumer sentiment in the U.S. deteriorated by less than previously estimated in the month of March, according to a report released by the University of Michigan on Friday. The report showed that the final reading on the consumer sentiment index for March came in at 93.0.
GameStop Outlines New Strategy As Game Sales Go Soft
Fri, 27 Mar 2015 14:05:35 GMT - Video-game retailer GameStop Corp., which is grappling with lower sales at its core video games business, plans to expand its Technology Brands segment that provides growth opportunities in the consumer electronics and wireless markets. The Technology Brands segment includes stores that sell AT&T wireless plans and Apple products.
Sen. Harry Reid Not Running For Re-Election In 2016
Fri, 27 Mar 2015 13:30:01 GMT - After spending over thirty years in Congress, Senate Minority Leader Harry Reid, R-Nev., announced Friday he will not seek re-election next year. Reid, who was first elected to the Senate in 1986, recently suffered serious eye and facial injuries in an accident while exercising.
BlackBerry Turns To Profit In Q4, Beats View; But Revenues Miss
Fri, 27 Mar 2015 13:12:44 GMT - Canadian smart phone maker BlackBerry Ltd. on Friday reported a turnaround to profit in the fourth quarter, helped by cost-cutting efforts that more than offset a decline in revenues. Adjusted earnings per share beat analysts' expectations, while revenues missed their estimates. Looking ahead, the company continues to target sustainable profitability on an adjusted basis during fiscal 2016.
U.S. Economy Grows At Unrevised Rate Of 2.2% In Q4
Fri, 27 Mar 2015 13:05:05 GMT - Economic activity in the U.S. grew at an unrevised rate in the fourth quarter of 2014, according to the final estimate released by the Commerce Department on Friday. The report said gross domestic product increased by 2.2 percent in the fourth quarter.
Stocks May Extend Recent Downtrend In Early Trading - U.S. Commentary
Fri, 27 Mar 2015 12:50:08 GMT - Stocks may move to the downside in early trading on Friday, adding to the losses posted in the four previous sessions. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 26 points.
Wall Street Remains Pessimistic Ahead Of Consumer Sentiment Report
Fri, 27 Mar 2015 10:30:40 GMT - Trading in the U.S. index futures suggests that Wall Street stocks may open Friday's session lower, continuing losses into the fifth straight session as investors fret over looming rate hikes and geopolitical tensions. Global cues are mixed, with Asian stocks ending on a mixed note, while the European markets are also seeing mixed sentiment. Crude oil prices are pulling back, as geopolitical tensions ease. A domestic consumer sentiment reading could impact the market mood to some extent, although the still unsettled Greek debt crisis could serve as an overhang.
Asian Shares Mixed On Yemen Crisis, Weak Japanese Data
Fri, 27 Mar 2015 09:06:36 GMT - Asian stocks turned in a mixed performance on Friday as the ongoing conflict in Yemen and lackluster Japanese inflation and household spending data kept investors' risk appetite in check. While markets downplayed supply threat from Yemen, apprehensions that the battle will probably escalate into a regional war kept investors cautious.
U.K. House Price Growth Softens To 18-Month Low
Fri, 27 Mar 2015 08:53:00 GMT - U.K. house price growth softened for the seventh consecutive month to an 18-month low in March, the Nationwide Building Society reported Friday. House prices advanced 5.1 percent year-on-year in March, slower than February's 5.7 percent increase and a 5.3 percent rise forecast by economists. This was the slowest rate of growth since September 2013.
Earnings Reported After The Bell Mar. 26
Fri, 27 Mar 2015 08:19:40 GMT - Here is a quick summary of the earnings reported after the bell Mar. 26.
European Stocks Seen Steady
Fri, 27 Mar 2015 07:17:53 GMT - European stocks are seen opening slightly higher on Friday as investors veer around to the view that the ongoing conflict in Yemen would have little effect on oil supplies as the market is well-supplied and Yemen is a very small producer, with an output of around 145,000 barrels per day in 2014.
Diet Soda Sales Fizzle Out, Pepsi Now Number Two In Sales
Fri, 27 Mar 2015 04:22:34 GMT - PepsiCo Inc.'s Pepsi-Cola has replaced Coca-Cola Co.'s Diet Coke as the No. 2 soda brand in the U.S. in 2014 as diet sodas continue to lose popularity, according to an annual industry report published Thursday. Meanwhile, overall soda consumption by Americans declined for the tenth straight year, but at a more modest pace compared to the preceding year.
Asian Markets Mixed Amid Cautious Trades
Fri, 27 Mar 2015 03:02:44 GMT - Asian stock markets are turning in a mixed performance on Friday, with investors treading cautiously on geopolitical concerns and as they digest mixed economic data from Japan.
Carnival Plans Ahead With Nine New Cruise Ships
Thu, 26 Mar 2015 23:49:45 GMT - Carnival Corp. (CCL), the world's largest cruise-line operator, said Thursday that it has entered into two strategic partnerships to add nine new cruise ships to its fleet over a four-year period starting in 2019.
Germanwings: European Airlines Scramble To Change Cockpit Rules
Thu, 26 Mar 2015 23:44:31 GMT - The Germanwings plane crash has spurred European airlines to implement stringent cockpit rules widely followed in the U.S., after it emerged a lone co-pilot forced the plane into its fatal descent, reports said on Thursday.
U.S. Home Prices Have Risen Much Faster Than Wages
Thu, 26 Mar 2015 22:52:17 GMT - Home price appreciation outpaced wage growth in 76% of U.S. housing markets during the housing recovery of the past two years, according to a new report released Thursday by real estate data firm RealtyTrac.
GameStop Results Miss Estimates; Outlook Weak
Thu, 26 Mar 2015 21:26:21 GMT - Video-game retailer GameStop Corp. said Thursday after the markets closed that its fourth quarter profit rose 11% from last year, as better cost control helped offset a 5.6% decrease in sales. However, the company's quarterly earnings per share, excluding item, came in below analysts' expectations as did its quarterly sales.
Stocks Close Modestly Lower But Well Off Worst Levels - U.S. Commentary
Thu, 26 Mar 2015 20:26:42 GMT - After recovering from an early move to the downside, stocks turned in a lackluster performance throughout the remainder of the session on Thursday. The major averages spent the rest of the day bouncing back and forth across the unchanged line before closing modestly lower.
Florida Retirement Community The Fastest Growing U.S. City
Thu, 26 Mar 2015 19:23:16 GMT - The Villages, a serene retirement hometown in Florida has been designated as the fastest-growing metro in the U.S. for the second consecutive year, as per Census estimates released on Thursday.
Crude Oil Ends Above $51 A Barrel As Tension In Yemen Rises
Thu, 26 Mar 2015 18:56:24 GMT - U.S. crude oil soared to ended higher for a fifth straight session on Thursday, amid increased concerns of supply disruption from the Middle East after Saudi Arabia launched air strikes on Yemeni rebels.
House Passes Permanent Medicare "Doc Fix" Bill With Bipartisan Support
Thu, 26 Mar 2015 18:26:02 GMT - In a rare moment of bipartisanship, the House voted overwhelmingly Thursday to approve legislation permanently blocking cuts in reimbursements for doctors that treat patients on Medicare.
Gold Ends Above $1,200 On Safe Haven Appeal, Middle East Tension
Thu, 26 Mar 2015 18:10:13 GMT - Gold futures moved up a seventh straight session to end at more than three-week high on Thursday, tracking declining global equity markets with investors seeking the safe haven while staying off the riskier assets, due mainly to increased tensions in the Middle East.
Federal Government May Tighten Rules On Payday Loans
Thu, 26 Mar 2015 18:00:19 GMT - A federal government agency has outlined proposals to regulate payday loans as part of efforts to curb debt traps and provide reprieve to cash-strapped borrowers, while ensuring credit supply is not hampered.
Pope Francis To Visit White House In September
Thu, 26 Mar 2015 17:44:34 GMT - Pope Francis will visit the White House later this year as part of his week-long tour of the U.S., White House Press Secretary Josh Earnest revealed on Thursday. Earnest said President Barack Obama and First Lady Michelle Obama will welcome the pope to the White House on Wednesday, September 23rd.
Amazon One-Hour Delivery Expands To Dallas
Thu, 26 Mar 2015 17:16:30 GMT - Online retailer Amazon.com, Inc. (AMZN) said Thursday that it has expanded its ultra-fast one-hour delivery service, Prime Now, to Dallas.
Stocks Nearly Flat After Recovering From Early Weakness - U.S. Commentary
Thu, 26 Mar 2015 16:05:58 GMT - After coming under pressure in early trading, stocks have regained some ground over the course of the trading session on Thursday. The major averages have bounced well off their worst levels of the day, with the Dow and the S&P 500 climbing into positive territory.
Sputtering Toyota Plans Shift In Manufacturing Process
Thu, 26 Mar 2015 15:44:36 GMT - Toyota, world's best-selling car maker, is set to launch a revamped manufacturing system for more efficiency and a sustainable growth. The first medium sized cars from the new Toyota New Global Architecture will be rolled out this year itself and the system will be fully functional by 2020.
House GOP Passes Budget With Boost To Defense Spending
Thu, 26 Mar 2015 15:22:20 GMT - After holding votes on several different budget proposals, the House finally voted Wednesday evening to approve a $3.8 trillion budget for the upcoming fiscal year.


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