Investors Applaud Sprint's 2Q Sales Beat as Overhaul Continues
Shares of Sprint Nextel soared Thursday morning following better-than-expected sales despite weaker earnings and a rapid decline in total customers.
US June Building Permits Revised to -3.1% From -3.7%
U.S. building permits for June were revised to down 3.1% from May to a seasonally adjusted rate of 760,000, the Commerce Department reported Thursday.
SAP Targets Mid-Term Sales of EUR1 Billion in China
German software maker SAP AG (SAP.XE) believes that China has the potential to become one of its five top markets in the medium term with annual sales of 1 billion euros ($1.2 billion), a company executive said Thursday.
Sprint Nextel, Seagate Technology Among Stocks Gapping Up Thursday
Today, these stocks gapped up with opening prices significantly higher than the close on the previous trading day: Sprint Nextel (NYSE:S) closed the previous trading session at $3.37, gapping up to open at $3.90 today.
Moody's Shares Gain On Q2 Beat
Shares of Moody's Corp gained 10% to $39.61 Thursday morning after the credit-ratings firm outpaced Wall Street's expectations for profit and sales in the second quarter.
Chile Enersis Shares Drop 13% After Capital Increase Announcement
Chile's energy holding company Enersis SA's (ENI, ENERSIS.SN) shares dropped 14% on the Santiago Stock Exchange in early trading Thursday after the company late Wednesday announced a plan to increase capital up to $8.02 billion.
Repsol Sees 2Q Net Profit Down 45% on Year; Libya Output Up
Spanish oil company Repsol SA (REP.MC) said Thursday its second-quarter net profit--excluding the recently-nationalized Argentine unit--declined 45% on the year, as higher production in Libya and elsewhere couldn't offset the effect of declining oil and gas prices on the value of inventories.
SABMiller: 77.3% Holders Approve Remuneration Report at AGM
Brewer SABMiller PLC (SAB.LN), which makes Peroni Nastro Azzuro and Miller Lite, said Thursday 77.31% of shareholders approved the remuneration report.
U.S. Pending Home Sales Down 1.4% in June
The number of U.S. home buyers who signed contracts to purchase previously owned homes dipped last month amid a low inventory of foreclosures and other cheap homes.
Gazprom Prices EUR650 Million Tap of 3.755% Bond Maturing 2017
Russian oil and gas company OAO Gazprom (GAZP.RS) priced a 650 million euro ($786.9 million) tap of its 3.755% bond maturing March 2017, one of the banks running the deal said Thursday.