Dow climbs past 18000 as oil deal stalls and earnings loom
Stocks rebounded after oil producers failed to reach a Doha cap. US crude slid to 39.78 a barrel, down 14 percent, while the Dow rose 107 points to 18,004. The S&P 500 gained 0.7 percent, and the Nasdaq added 0.4 percent as energy shares rebounded. Investors look to first-quarter results from 102 of 500 S&P 500 firms for guidance.
MENTIONED IN THIS ARTICLE
Doha
Wall Street
Standard & Poor
Saudi Arabia
Iran
Vanguard
David Kotok
Cumberland Advisors
USA Today
PepsiCo tops earnings estimates in Q1 despite sales drop
PepsiCo reports $931 million in Q1 earnings ending March 19, down 24% from last year as overseas sales weigh on results. Adjusted per share 89 cents beat estimates of 81 cents, while GAAP EPS was 64 cents. Revenues declined due to weaker overseas performance.
MENTIONED IN THIS ARTICLE
PEPSI
PepsiCo
S&p
Morgan Stanley profits fall in first quarter
Morgan Stanley reports 1.1 billion net income or 55 cents a share for Q1 2016, down from 2.4 billion or 1.18 per share a year earlier, beating lowered expectations amid global economic concerns and oil price drops. Nordstrom to cut up to 400 jobs to save about 60 million dollars, mainly from corporate and regional teams, by end of Q2. Airbnb in talks with SEIU to back 15 dollar minimum wage for hosts and cleaners in a national campaign.
MENTIONED IN THIS ARTICLE
Morgan Stanley
Nordstrom
Airbnb
Services Employees International Union
SEIU
Verizon leads Yahoo bid field as Yahoo assets draw interest
Yahoo bid process narrows contenders with Verizon among front runners. YP Holdings joins bidding while AT&T, Comcast, Alphabet and IAC exit. Alibaba and Time Inc. reportedly did not bid. Analysts expect 2016 projections, while Yahoo aims to maximize asset value amid declining sales and market share.
MENTIONED IN THIS ARTICLE
Yahoo
Verizon
YP Holdings
Yellow Pages
Bloomberg
At&t
Comcast
Alphabet
Google
IAC/Interactive
Barry Diller
Wall Street Journal
Alibaba
Time Inc
Microsoft
USA Today
CVS Express lets customers order for curbside delivery via app
CVS plans to roll out CVS Express enabling drive up curbside pickup at most items. Built with Curbside, the service targets convenience from California to Georgia with about an hour pickup window and no price markup, though prescriptions stay in store and inventory may be out of stock.
MENTIONED IN THIS ARTICLE
CVS
Dry Cleaners
CVS Express
Palo Alto
Calif
Amazon
California
Carolina
Georgia
CVS Pharmacy
Helena Foulkes
Foulkes
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Dow
DOW Jones Industrial
Marketwatch.com
Moneyline
CTA
USA
Source Insight Enterprises “Intelligent Technology Index
Jae Yang
Veronica Bravo
Justin Lane
EPA
Yahoo Finance
Yahoo Sports
Marissa Mayer
Bell
S&p Global Market Intelligence
Mayer
eMarketer
Facebook
Eric Jackson
SpringOwl
Jon Swartz
San Francisco
Iverivon
Wwage
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