WebRTC Solutions Industry News

TMCNet:  Sears, Foot Locker, Dell are market movers

[November 16, 2012]

Sears, Foot Locker, Dell are market movers

(Associated Press Via Acquire Media NewsEdge) NEW YORK -- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market: NYSE Foot Locker Inc., up $1.42 at $33.27 Higher sales at its existing stores boosted the sporting goods retailer's net income 61 percent during its third quarter.

The J.M. Smucker Co., down $1.52 at $83.86 The maker of Jif peanut butter said its second-quarter earnings rose 17 percent, but its results still missed expectations.

OfficeMax Inc., up 99 cents at $9.22 Boise Cascade LLC, a wood products company that the office supplies retailer has a stake in, filed for an initial public offering.

Suntech Power Holdings Co. Ltd., down 4 cents at 77 cents Citing higher production costs and global oversupply, the solar panel company is slowing production at its Goodyear, Ariz., facility.

Schiff Nutrition International Inc., up $9.84 at $43.76 The nutritional supplement maker received a second takeover offer from Reckitt Benckiser. The first offer was from Bayer AG.

Nasdaq Dell Inc., down 70 cents at $8.86 The personal computer maker posted weak third-quarter results, as more consumers opt to buy smartphones and tablet computers.

Sears Holdings Corp., down $10.99 at $47.49 The retailer said that third-quarter sales in stores open at least one year fell at both its Kmart and Sears stores.

Regeneron Pharmaceuticals Inc., up $15.22 at $157.69 The drug maker said that European officials recommended granting marketing authorization for its colorectal cancer treatment.

(c) 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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