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Stories tagged: shares


Rising prices, margins drive GM’s third quarter

Shares of General Motors rose more than 6 percent Wednesday morning after the company posted a $2.5 billion third-quarter profit that blew away Wall Street estimates.


JPMorgan slashes its stake in Papa John’s

JPMorgan Chase & Co., which held more than 5 percent of Papa John’s shares at the end of last year, has cut its holdings on behalf of clients to 2.4 …


Asian shares dip amid growing worry over U.S.-Canada trade

Asian shares were mostly lower Monday amid worries about escalating trade friction between the U.S. and Canada, who have been unable to agree to a revamped trade deal but will …


Best Buy quarterly sales jump, but outlook weighs on shares

Best Buy Co. saw the biggest quarterly sales growth at established stores in 15 years, helping push revenue and profit beyond Wall Street expectations.


Tesla shares slip after company decides to stay public

Shares of Tesla slipped on the first day of trading after the electric vehicle maker said it won’t consider going private after all.


UPDATED: Tue., Aug. 7, 2018, 6:55 p.m.

Musk says he may take Tesla private and shares roar

Tesla CEO Elon Musk is gearing up to lead a buyout of the electric car maker in a stunning move that would end the maverick company’s eight-year history trading on …


GM revs up autonomous car unit and dormant shares fly

Shares of General Motors posted their largest one-day gain since the company’s rebirth from bankruptcy eight years ago, after Japanese technology conglomerate SoftBank decided to pump $2.25 billion into GM’s …


Aggressive cost-cutting helps Sears narrow loss; shares rise

Sears said Thursday that revenue and a key sales figure plummeted in its most recent quarter as it closed stores, shut down pharmacies at some Kmart locations and lost shoppers …


UPDATED: Fri., Nov. 17, 2017, 1:53 p.m.

Shares of online styling service Stitch Fix has flat debut

Shares of Stitch Fix, an online clothing styling service, jumped 12 percent in their stock market debut Friday. But the company sold fewer shares and at a lower price than …


UPDATED: Fri., Nov. 10, 2017, 3:48 p.m.

Mattel stock soars on report of Hasbro takeover offer

Shares of Mattel soared in after-hours trading Friday after a report that rival Hasbro has made a takeover offer for Mattel. Such a deal could bring together well-known brands like …


UPDATED: Fri., Oct. 27, 2017, 7:09 p.m.

J.C. Penney shares hit all-time low after slashing outlook

J.C. Penney slashed its annual profit forecast as it accelerated the clearance of slow-moving inventory, primarily in women’s clothing, and warned of weaker sales.