Michael Kors profits beat. shares rise on strong quarter
Michael Kors Holdings reports Q4 profit of 177 million dollars, 98 cents per share, above expectations of 97 cents, with shares up over 6.5 percent to 45.55. Also notes 17 new Giving Pledge signatories including Marc Benioff and Brian Chesky, bringing total to 154. Salesforce to acquire Demandware for 2.8 billion dollars, Demandware shares up 56 percent to 74.81.
MENTIONED IN THIS ARTICLE
Michael Kors
Michael Kors Holdings
Bill Gates
Warren Buffett
Salesforce
Marc Benioff
Lynne
Airbnb
Brian Chesky
Gates
Intuit
Scott Cook
Kiran Mazumdar-Shaw
Demandware
Salesforce.com
USA Snapshot on Bankrate Rates for CDs and Yields
USA Today summarizes Bankrate data showing average CD yields and rising interest rates. Jae Yang and Veronica Bravo report the status, highlight trends, and point readers to rates.usatoday.com for full details.
MENTIONED IN THIS ARTICLE
Usatoday
Bankrate.com
Jae Yang
Veronica Bravo
USA Today
Markets Await Payroll Data For Fed Rate Hike Signal
An anxious market mood centers on Friday’s May employment report amid mixed data. ISM manufacturing rose to 51.3 signaling possible easing of weakness abroad and in oil. the beige book shows modest growth. ADP and April payrolls underperformed, while wage gains spark talk of a June rate rise.
MENTIONED IN THIS ARTICLE
Federal Reserve
Institute For Supply Management
Fed
ADP
Labor Department
Verizon
Options and Futures Exchange
CME Group
Wall Street
Standard & Poor
Brad McMillan
Commonwealth Financial Network
Google open to returning to China if done right
Google CEO Sundar Pichai told Code conference in Rancho Palos Verdes that the company is open to re entering the Chinese market with a search service if it can be done thoughtfully. He stressed a focus on serving consumers everywhere while noting past censorship and a shift toward AI driven voice searches.
MENTIONED IN THIS ARTICLE
Rancho Palos Verdes
Calif
Google
Sundar Pichai
China
Pichai
Hong Kong
Facebook
Apple
Sergey Brin
Soviet Union
Brin
Larry Page
Alphabet
Moonshot
the Information
Amazon
Re/code
Walt Mossberg
Jeff Bezos
US auto sales dip 6 percent in May amid low gasoline prices
US auto sales fell 6 percent in May from a year earlier as two selling days were lost, yet demand stayed near record levels. Autodata pegged the annualized rate at 17.45 million, close to 2015's full-year high, helped by a 7.1 percent discount surge per TrueCar. Toyota, Volkswagen Group and General Motors faced a tougher month despite the broad market strength.
MENTIONED IN THIS ARTICLE
Autodata Corp
TrueCar
AutoTrader .Com
Michelle Krebs
Toyota
Volkswagen Group
General Motors
U.S
Ford
Chrysler
Honda
Nissan
Hyundai
Kia
Subaru
May sales leaders signal shift to crossovers and SUVs
May sales show declines for Ford and overall market as cars shrink to 40 percent of sales from over half recent years. Ford's total drop hits 5.9 percent with most cars labeled niche except Focus and Fusion. Toyota gains on RAV4 and 4Runner while Prius falls 36 percent amid cheaper gas and fuel efficiency gains.
MENTIONED IN THIS ARTICLE
Mark LaNeve
U.S
Ford Motor
LaNeve
Ford
Also Mentioned on This Page
Moneyline
DOW Jones Industrial
S&p
Marketwatch.com
USA
Janet Yellen
Contributing
Adam Shell
Rvie Coun
Spencer Platt
Getty Images
Storl
Bureau of Labor Statistics
Sim Kris Kinkade
Jessica Guynn
Jefferson Graham
GasBuddy.com
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