Account
In Congressional testimony on Wednesday, Federal Reserve Chairman Ben Bernanke said that the central bank could begin winding down its $85 billion-per-month bond-buying program at one of its "next few meetings."Minutes from the May FOMC meeting, however, showed that there is no consensus about when to begin pulling back on the stimulus. The decision will likely be significantly influenced by the trajectory of the economy in coming months.The comments spooked investors who have been enjoying a near continuous rally in in U.S. stocks in 2013. The major averages fell throughout much of the session and closed near their worst levels.Major AveragesThe Dow Jones Industrial Average lost 80 points, or 0.52 percent, to 15,307.The S&P 500 fell 14 points, or 0.83 percent, to 1,655.The Nasdaq shed almost 39 points, or 1.11 percent, to 3,463.Existing Home SalesHome sales improved slightly in April, rising to 4.97 million from 4.94 million in March. Nevertheless, this came in below consensus expecta...
Opening their doors and offering sales on Thanksgiving did more than give retailers an early start to the holiday shopping season - the holiday actually may have dra...
Jewelry retailer Zale Corp. slumped 26% to $5.52 on Wednesday after the company's fiscal first-quarter loss was bigger than Wall Street expected. Best Buy Co. shares...
These are the stocks that are up on above-average volume today:Today, LyondellBasell Industries (NYSE:LYB) is up on high volume, trading at a volume of 7.6 million, ...
Zale (NYSE:ZLC) trimmed its fiscal fourth-quarter loss on Wednesday much more than Wall Street had anticipated thanks to soaring same-store sales, prompting the jewe...
Tiffany & Co.'s (TIF) fiscal second-quarter earnings edged up 2%, as the New-York based seller of diamond rings and other high-end jewelry continued to struggle with...
In a light week ahead for corporate earnings, reports from jewelers Tiffany & Co. (TIF) and Zale Corp. (ZLC) and watchmaker Movado Group Inc. (MOV) will shed light o...
Electronics retailer RadioShack Corp. shares slumped 27% to an all-time low Wednesday after the company reported a surprise second-quarter loss and said it would sus...
Zale's (NYSE:ZLC) narrowed its third-quarter loss on Wednesday and reported higher U.S. sales of fine jewelry, led by strong demand leading up to Mother's Day.Revenu...
Golfsmith International Holdings (NASDAQ:GOLF) said Friday that Sue E. Gove has been promoted to president, in addition to continuing her role as chief operating off...
Tiffany (NYSE:TIF) warned on Tuesday its sales weakened markedly during the crucial holiday-shopping season due to “restrained spending by consumers,” leading the up...
Zale shares rose 9% to $3.89 in late trades Monday after the jewelry retailer reported results for the quarter ended Oct. 31. Zale narrowed its fiscal first quarter ...
It's an embarrassment of riches, in this week's look at unusual credit card crimes . I mean, should we lead off with the credit card employee who helped steal someon...
Shares of jewelry maker Zale (NYSE:ZLC) soared 30% Wednesday after the luxury jeweler swung to a third-quarter profit and said the former CEO of its biggest rival, S...
Among the companies with shares expected to actively trade in Wednesday's session are Saks Inc. (SKS), Zale Corp. (ZLC) and Multiband Corp. (MBND).Luxury retailer Sa...
FBN’s Stuart Varney on Zales ’ rise in same-store sales.
Tiffany & Co. , Dress Barn parent Ascena Retail Group Inc. and teen clothing retailer Aeropsotale Inc. slumped on Thursday after they gave disappointing profit outlo...
Tiffany (NYSE:TIF) spooked shareholders on Thursday by saying its same-store sales flatlined during the holiday-shopping season, prompting the jewelry company to iss...
Zale Corp. said Thursday its same-store sales for the combined months of November and December increased by 2.3%. At constant exchange rates, same-store sales increa...
Opening their doors and offering sales on Thanksgiving did more than give retailers an early start to the holiday shopping season - the holiday actually may have dra...