(Bloomberg) -- The following is a list of companies whose shares are having unusual price changes in U.S. exchanges today. Stock symbols are in parentheses after company names. Share prices are as of 9:30 a.m. New York time.
Buffalo Wild Wings Inc. (BWLD US) rose $7.86, or 12 percent, to $72.70 and traded as high as $73.46. Morgan Keegan analyst Destin Tompkins raised his rating on the casual dining chain to ``outperform'' from ``market perform.'' The company, which has restaurants in 34 states, said it earned 63 cents a share in the first quarter, better than the 53-cent average estimate of 11 analysts polled by Bloomberg.
Read more at Bloomberg Stocks News
Wednesday, May 2, 2007
UPDATE 1-Dorel first-quarter profit rises
(Reuters) - Montreal-based Dorel, whose products include ready-to-assemble furniture and Safety 1st children's products, said it earned $27.9 million, or 85 cents a share, for the quarter ended March 31. That compares with a profit of $24.2 million, or 74 cents a share, a year earlier.
Adjusted earnings, excluding restructuring costs in both years, were $29.3 million or 89 cents a share, compared with $24.5 million, or 75 cents a share in the year earlier period.
Read more at Reuters.com Market News
Adjusted earnings, excluding restructuring costs in both years, were $29.3 million or 89 cents a share, compared with $24.5 million, or 75 cents a share in the year earlier period.
Read more at Reuters.com Market News
UPDATE 1-Sherritt first-quarter profit pops on nickel price
(Reuters) - Sherritt, which has power, oil, and nickel investments in Canada and Cuba, earned C$89.1 million , or 52 Canadian cents a share, up from a profit of C$35.7 million, or 20 Canadian cents, in the year-prior period.
Adjusted to exclude higher stock-based compensation costs and shipment delays from the CN rail strike, earnings per share in the most recent quarter would have been 61 Canadian cents.
Read more at Reuters.com Market News
Adjusted to exclude higher stock-based compensation costs and shipment delays from the CN rail strike, earnings per share in the most recent quarter would have been 61 Canadian cents.
Read more at Reuters.com Market News
FCE Bank tightens guidance on planned bond -source
(Reuters) - Barclays Capital, Deutsche Bank and Royal Bank of Scotland are managing the sale.
Read more at Reuters.com Bonds News
Read more at Reuters.com Bonds News
Gold Falls to 1-Month Low, Silver Declines as Dollar Rebounds Against Euro
(Bloomberg) -- Gold in New York fell to a one-month low as the dollar rebounded against the euro, reducing the appeal of precious metals as an alternative investment. Silver also declined.
Gold is sold mostly in dollars, and five of the past six bear markets in the U.S. currency have led to a higher gold price. The metal has fallen 1.6 percent since April 27, when the euro began retreating from a record high against the dollar.
Read more at Bloomberg Commodities News
Gold is sold mostly in dollars, and five of the past six bear markets in the U.S. currency have led to a higher gold price. The metal has fallen 1.6 percent since April 27, when the euro began retreating from a record high against the dollar.
Read more at Bloomberg Commodities News
Didata boosts Datacraft Brazil stake to 50.1 pct
(Reuters) - South African technology company Dimension Data has raised its stake in Datacraft do Brazil to 50.1 percent to boost its muscle in the fast-growing Latin American market, it said on Wednesday.
London-listed Didata said in a statement it had bought an extra 40.1 percent stake in Datacraft Americas Holdings Ltd, the holding company for Datacraft do Brazil Ltda, which would be renamed Dimension Data Brazil.
Read more at Reuters Africa
London-listed Didata said in a statement it had bought an extra 40.1 percent stake in Datacraft Americas Holdings Ltd, the holding company for Datacraft do Brazil Ltda, which would be renamed Dimension Data Brazil.
Read more at Reuters Africa
Dollar Pares Gain Against Euro as Report Shows Slowing April Jobs Growth
(Bloomberg) -- The dollar pared gains against the euro and yen after a private report showed U.S. employers added the fewest jobs in almost four years in April.
The report comes two days before the Labor Department's payroll report, which is forecast to show job growth slowed last month. The dollar earlier advanced after the Institute for Supply Management said yesterday its manufacturing index rose to the highest level in almost a year, pushing traders to pare bets on an interest-rate cut by the Federal Reserve.
Read more at Bloomberg Currencies News
The report comes two days before the Labor Department's payroll report, which is forecast to show job growth slowed last month. The dollar earlier advanced after the Institute for Supply Management said yesterday its manufacturing index rose to the highest level in almost a year, pushing traders to pare bets on an interest-rate cut by the Federal Reserve.
Read more at Bloomberg Currencies News
Traders see April payrolls up 96,100 in auction
(Reuters) - The U.S. Labor Department will issue the April non-farm payroll report on Friday at 8:30 a.m. .
Investors use the auctions to hedge against surprises in the report, and traders also use the auctions to speculate on the outcome.
Read more at Reuters.com Economic News
Investors use the auctions to hedge against surprises in the report, and traders also use the auctions to speculate on the outcome.
Read more at Reuters.com Economic News
Visteon Corp. posts quaterly loss
(Reuters) - Analysts, on average, expected Visteon to report a loss of 51 cents per share excluding one-time items, according to Reuters Estimates.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
Angiotech adjusted profit down as stent sales fall
(Reuters) - Angiotech said adjusted earnings were $6.4 million, or 7 cents a share, for the three months ended March 31. That's down from $16.8 million, or 20 cents a share, a year earlier.
The company had a net loss of $13.9 million, or 6 cents a share, compared to a net profit of $7.5 million, or 9 cents a share, a year earlier.
Read more at Reuters.com Market News
The company had a net loss of $13.9 million, or 6 cents a share, compared to a net profit of $7.5 million, or 9 cents a share, a year earlier.
Read more at Reuters.com Market News
Zloty Advances Against Euro as Emerging Market Aversion to Risk Declines
(Bloomberg) -- Poland's zloty rose the most in almost two weeks versus the euro as risk aversion toward emerging markets waned after the Turkish government took actions aimed at easing tensions with the military.
Turkish stocks and bonds soared today after the cabinet said it was ready to hold early elections and may change the constitution. The move helped ease investors' concerns and buoyed other emerging markets assets, including the zloty, Hungarian forint and Slovakia's koruna.
Read more at Bloomberg Emerging Markets News
Turkish stocks and bonds soared today after the cabinet said it was ready to hold early elections and may change the constitution. The move helped ease investors' concerns and buoyed other emerging markets assets, including the zloty, Hungarian forint and Slovakia's koruna.
Read more at Bloomberg Emerging Markets News
Walgreen sales climb in April
(Reuters) - Same-store pharmacy sales increased 11.2 percent, while same-store sales of general, or "front-end," merchandise such as candy and cosmetics rose 5.6 percent.
Read more at Reuters.com Business News
Read more at Reuters.com Business News
U.S. layoffs rise by 44 pct in April vs March-survey
(Reuters) - The financial sector now leads all others in job cuts for the year with 50,221. The automotive sector ranked second with 27,570 announced job cuts this year, Challenger said.
Financial sector cuts in April included more than 6,000 resulting from a weak housing market and its impact on mortgage lenders, Challenger said.
Read more at Reuters.com Bonds News
Financial sector cuts in April included more than 6,000 resulting from a weak housing market and its impact on mortgage lenders, Challenger said.
Read more at Reuters.com Bonds News
UPDATE 1-Devon first-quarter profit slips 7 percent
(Reuters) - The Oklahoma City-based company said earnings fell to $651 million, or $1.44 per diluted share, from $700 million, or $1.58 a share, a year earlier.
Analysts had, on average, expected the company to post earnings of $1.25 per share, according to data compiled by Reuters Estimates.
Read more at Reuters.com Market News
Analysts had, on average, expected the company to post earnings of $1.25 per share, according to data compiled by Reuters Estimates.
Read more at Reuters.com Market News
UPDATE 3-China's CITIC Res to buy Kazakh assets for $1 bln
(Reuters) - HONG KONG, May 2 - CITIC Resources Holdings Ltd. , one of the sources told Reuters.
Read more at Reuters.com Mergers News
Read more at Reuters.com Mergers News
Sprint posts loss
(Reuters) - Revenue was $10.1 billion, compared with $10.07 billion in the year ago quarter.
Sprint said it added nearly 600,000 subscribers in the quarter. It lost 220,000 postpaid subscribers, who pay monthly bills, compared with an average forecast for postpaid losses of around 300,000 from 6 analysts contacted by Reuters.
Read more at Reuters.com Business News
Sprint said it added nearly 600,000 subscribers in the quarter. It lost 220,000 postpaid subscribers, who pay monthly bills, compared with an average forecast for postpaid losses of around 300,000 from 6 analysts contacted by Reuters.
Read more at Reuters.com Business News
Chicago to Sell $600 Million of Bonds, Leading U.S. Municipal Borrowers
(Bloomberg) -- Chicago, today's largest municipal borrower, will sell almost $600 million of general obligation bonds to refinance debt and help pay for roads, infrastructure, city buildings, and other capital projects.
The most populous city in the U.S. Midwest is offering $550 million of debt that will pay interest exempt from U.S. federal taxes and an additional $44 million of federally taxable bonds. Merrill Lynch & Co. is managing the bond sale.
Read more at Bloomberg Bonds News
The most populous city in the U.S. Midwest is offering $550 million of debt that will pay interest exempt from U.S. federal taxes and an additional $44 million of federally taxable bonds. Merrill Lynch & Co. is managing the bond sale.
Read more at Bloomberg Bonds News
Ryerson first-quarter profit slips 13 pct
(Reuters) - In March, Ryerson postponed its annual shareholder meeting, scheduled for May 11, and said it was considering a possible sale and other strategic options.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
Dresdner names head of securitised finance unit
(Reuters) - Radhakishun spent 11 years at Goldman Sachs where he most recently worked in the special situations group.
Read more at Reuters.com Bonds News
Read more at Reuters.com Bonds News
Mining shares, BSkyB lift FTSE 0.7 pct
(Reuters) - Britain's top share index climbed on Wednesday morning as mining companies gained on firmer copper prices, while BSkyB jumped after posting strong results.
At 1031 GMT, the FTSE 100 was up 44.9 points, or 0.7 percent at 6,464.5, after slipping 0.46 percent in the previous session. European shares also rose.
Read more at Reuters Africa
At 1031 GMT, the FTSE 100 was up 44.9 points, or 0.7 percent at 6,464.5, after slipping 0.46 percent in the previous session. European shares also rose.
Read more at Reuters Africa
Torstar reports higher first-quarter profit
(Reuters) - Torstar, which publishes the Toronto Star, Canada's largest daily newspaper, said it earned C$15.7 million, or 20 Canadian cents per share, for the three months ended March 31. That was up from a profit of C$9.8 million, or 12 Canadian cents per share, in the same period a year earlier.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
Bell Canada owner BCE profit rises on gain
(Reuters) - BCE, which is reviewing its strategic options, including a privatization of the company, said it earned C$499 million
, or 62 Canadian cents a share. That was up from a profit of C$477 million, or 52 Canadian cents a share, in the year earlier period.
Read more at Reuters.com Market News
, or 62 Canadian cents a share. That was up from a profit of C$477 million, or 52 Canadian cents a share, in the year earlier period.
Read more at Reuters.com Market News
Turkish Stocks Gain, Led by Isbank, on Elections: World's Biggest Mover
(Bloomberg) -- Turkish stocks rose after the country's highest court annulled the first round of presidential voting and the government said it will hold early parliamentary elections.
Shares of Turkiye Is Bankasi AS, the nation's biggest bank, and Turkiye Garanti Bankasi AS paced the advance.
Read more at Bloomberg Stocks News
Shares of Turkiye Is Bankasi AS, the nation's biggest bank, and Turkiye Garanti Bankasi AS paced the advance.
Read more at Bloomberg Stocks News
U.S. Stock-Index Futures Rise; Dow Jones, Yum! Brands Advance in Europe
(Bloomberg) -- U.S. stock-index futures rose on speculation takeovers will continue after News Corp.'s bid for Dow Jones & Co., a 125-year-old newspaper publisher.
Dow Jones shares jumped in Europe after some shareholders said Rupert Murdoch's $5 billion takeover offer will spark a bidding tussle.
Read more at Bloomberg Stocks News
Dow Jones shares jumped in Europe after some shareholders said Rupert Murdoch's $5 billion takeover offer will spark a bidding tussle.
Read more at Bloomberg Stocks News
UPDATE 1-Ford's FCE Bank plans euro-denominated bond -leads
(Reuters) - The bond is expected to be priced later on Wednesday to yield around 295 basis points over mid-swaps, a banker familiar with the sale said.
FCE Bank's senior unsecured debt is rated B1 by Moody's Investors Service, B+ by Standard & Poor's, and B by Fitch Ratings.
Read more at Reuters.com Bonds News
FCE Bank's senior unsecured debt is rated B1 by Moody's Investors Service, B+ by Standard & Poor's, and B by Fitch Ratings.
Read more at Reuters.com Bonds News
Asia to Contribute 70 Percent to Global Energy Demand Growth, Naimi Says
(Bloomberg) -- Asia will account for more than 70 percent of the world's incremental demand growth for energy, Saudi Oil Minister Ali al-Naimi said.
The continent, with more than half of the world's population, is the most important oil market, Naimi said at a meeting of producers and consumers from 16 Asian nations in Riyadh, Saudi Arabia, today. Consuming nations in East Asia can depend on West Asia for future security of oil supply, he said.
Read more at Bloomberg Energy News
The continent, with more than half of the world's population, is the most important oil market, Naimi said at a meeting of producers and consumers from 16 Asian nations in Riyadh, Saudi Arabia, today. Consuming nations in East Asia can depend on West Asia for future security of oil supply, he said.
Read more at Bloomberg Energy News
UPDATE 1-UK's bmi to expand transatlantic flights
(Reuters) - LONDON, May 2 - British airline bmi [BMID.UL] said on Wednesday it would expand its longhaul flights to take advantage of liberalised transatlantic flying, after boosting operating profit by 85 percent in 2006.
Chief Executive Nigel Turner declined to say which routes the airline was looking at launching from Heathrow when the "open skies" pact between the European Union and the United States takes effect in March 2008.
Read more at Reuters.com Market News
Chief Executive Nigel Turner declined to say which routes the airline was looking at launching from Heathrow when the "open skies" pact between the European Union and the United States takes effect in March 2008.
Read more at Reuters.com Market News
FTSE up 0.7 pct, led by media, mining shares
(Reuters) - Britain's top share index rose early on Wednesday, led by media shares after BSkyB's strong results and News Corp's proposed bid for Dow Jones, with miners rising on firmer copper prices.
BSkyB jumped 5.6 percent after the UK satellite broadcaster posted a 10-percent increase in its nine-month revenues and said it had added an above-expected 51,000 net subscribers in the third quarter.
Read more at Reuters Africa
BSkyB jumped 5.6 percent after the UK satellite broadcaster posted a 10-percent increase in its nine-month revenues and said it had added an above-expected 51,000 net subscribers in the third quarter.
Read more at Reuters Africa
Turkish Stocks Gain, Led by Isabank, on Elections: World's Biggest Mover
(Bloomberg) -- Turkish stocks rose after the country's highest court annulled the first round of presidential voting and the government said it will hold early parliamentary elections.
Turkiye Is Bankasi AS, Turkey's biggest bank, and Turkiye Garanti Bankasi AS paced the advance.
Read more at Bloomberg Stocks News
Turkiye Is Bankasi AS, Turkey's biggest bank, and Turkiye Garanti Bankasi AS paced the advance.
Read more at Bloomberg Stocks News
European Stocks Rise, Led by Lagardere, RCS; BSkyB, Continental Advance
(Bloomberg) -- European stocks gained, paced by media companies including Lagardere SCA and RCS MediaGroup SpA after News Corp. offered to buy Dow Jones & Co. of the U.S.
``There could be a move to consolidate'' in the media sector, said Stephen Pope, head of equities research at Cantor Fitzgerald Europe in London. ``You are going to see some companies will fall by the way and some will be snapped up. I would expect an upward move in the stocks today.''
Read more at Bloomberg Stocks News
``There could be a move to consolidate'' in the media sector, said Stephen Pope, head of equities research at Cantor Fitzgerald Europe in London. ``You are going to see some companies will fall by the way and some will be snapped up. I would expect an upward move in the stocks today.''
Read more at Bloomberg Stocks News
Allianz, Henkel, Fresenius, Volkswagen May Move: German Equity Preview
(Bloomberg) -- The following stocks may rise or fall in German markets today. Stock symbols are in parentheses after the company names and prices are from the April 27 close.
DAX Futures expiring in June added 14, or less than 0.2 percent, to 7465.50 at 8:14 a.m. in Frankfurt. The DAX advanced 0.4 percent to 7408.87 on the Xetra electronic-trading system.
Read more at Bloomberg Stocks News
DAX Futures expiring in June added 14, or less than 0.2 percent, to 7465.50 at 8:14 a.m. in Frankfurt. The DAX advanced 0.4 percent to 7408.87 on the Xetra electronic-trading system.
Read more at Bloomberg Stocks News
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