April Retail Sales Seen Slipping Into Tepid Gain
Analysts forecast April retail sales to rise about 0.2 percent after a 0.9 percent March gain, with risks from lingering winter effects and higher oil prices. Economists caution a disappointing reading could dent market expectations for a stronger second quarter.
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SigFig tracking shows high turnover in late April selloff of Shire
SigFig analysis reveals USA investors with online portfolios totaling $200 billion. More than 500 thousand investors use SigFig to manage assets online. The report notes significant selling of Shire by the largest turnover portfolios in late April.
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Shire
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Rackspace Hosting Downgraded After Q1 Earnings Guidance
Morgan Stanley and Credit Agricole cut ratings on Rackspace Hosting after the cloud company reported first quarter results and issued its guidance for the second quarter. Air Canada posted a record first quarter with operating income of 200 million, reversing a prior loss.
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Pall near $10 billion auction as sale nears
Pall Corp maker of water filtration and purification systems is approaching a sale in an auction that could attract bids exceeding $10 billion, according to The Wall Street Journal. The report notes investor demand and potential strategic moves as the process advances this week.
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Verizon buys AOL for 4.4 billion amid strategic Pivot
Verizon completes a 4.4 billion cash purchase of AOL aiming to boost online video content and monetization beyond mere connectivity. The move signals a shift from stable growth and dividend focus to bolder bets, with analysts pricing in about 4 percent potential upside and a stock trading around 21 times earnings.
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AOL
March hires rise while openings fall in mixed labor report
The Labor Department's JOLTS data show hires up by 56,000 to about 5.1 million in March amid gains in retail and services, with layoffs increasing to 1.8 million and openings retreating to 5.0 million from February’s high.
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