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The Chronicle Telegram in Elyria, Ohio

09 Nov 2016

Page 14

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Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Nov 09, 2016

Page

14

Markets Rally On Election Day With Mixed Sector Moves

Investors pushed U S stocks higher amid Election Day trading as utilities and telecoms led gains while energy flat. After a nine day decline, the Dow rose 73.14 to 18332.74, the S&P 500 gained 8.04 to 2139.56, and the Nasdaq added 27.32 to 5193.49 as traders weighed Clinton versus Trump and awaited clear results.

MENTIONED IN THIS ARTICLE

U.S Hillary Clinton Donald Trump Wall Street Clinton Trump Mike Baele U.S. Bank Standard & Poor Valeant Pharmaceuticals CVS Health Senate House of Representatives Erik Davidson Wells Fargo Private Bank Dow Industrials Dow Transportation Dow Utilities NYSE S&p Wilshire Russell AK Steel Kinross G At&t Inc Lowes AMD Amber Micront Apple Inc Microsoft ArcelorMit NiSources BkofAm NobleCorp Nordson Bipvxst Rs Bob Evans Northrop Cvs Health PNC Cedarf ParkerHan Cemex Penney CrutryLink Petrobras Pfizer Cisco ChesEng PolyOne Citigroup Citigroup b4 1.3 14 49.91 +.09 3.6 CSVellVST Puvixst Rs Icsvlgcrd Rs ProdtGam Darden Proashsp Diebold RPM CineEquity RegionsFn Drgmbil S RiteAid Idxgbull S S&psooetf EmersonEl Spdrlehhy Facebook SearsHidgs Sherwin FirstEngy Siriusxm Fordm Smucker Fretmcm SwsinEngy FrontierCm Spdr Fuel AG GenElec SP Util Groupon Twitter HeclaMot HertzGlow US Steel HameDp Vala SA Honvwllind Vale SA Pf HuntBnesh ValeantPh Icici Bk Vanegold iShGold VangEmng iShBrazil WalMart Ishchinal Weatht Ntl Ishemkts WellsFargo Wendys Co Ishr2k WhitingPet Ae AmBalA_ m Capiicbua m Cpnwidgrla m FninvAm GrthAmAm IncAmerAm InvCoAmAm New Person m Wamutiinvarm Dodge & Cox Income Dodge & Cox Dodge & Cox Stock Fidelity Rowe Price Newincome Vanguard Sgoadml Vanguard Diver Vanguard Vanguard MulntAdml Vanguard PriepAdml Vanguard Stgradeact Vanguard TotBdAdml Vanguard TotBdinst Vanguard Totsnt The Associated Press
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Hertz Skids After Q3 Profit Miss and Forecast Cut

Hertz Global Holdings plunged about 23 percent after reporting a third quarter profit well below estimates and slashing its full year earnings outlook. The miss followed weaker revenue and fleet depreciation, erasing roughly 739 million in equity value as bonds underperformed. CEO John Tague faces investor pressure amid Icahn’s stake and fleet pricing concerns.

MENTIONED IN THIS ARTICLE

Hertz Global Holdings Hertz Bloomberg Carl Icahn Avis Budget Group John Tague United Airlines Icahn
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Retailers tweak plans hours to maximize profit

Thanksgiving shopping shifts continue as major mall operators and retailers decide whether to open on the holiday. Some, like the Mall of America, will close after years of operation, while others including Toys R Us J C Penney and Macy's push to start deals on Thanksgiving. Industry analysts say the move aims to capture share in a slow growth market as retailers adjust hours and pricing strategies.

MENTIONED IN THIS ARTICLE

New York Toys R Us J.C. Penney Macy’s Mall of America Stephen D. Lebovitz CBL & Associates Properties CBS Office Depot Hhgregg Inc Kohl’s Macy's Penney Kohl's Sears
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Toblerone bars shrink 10 percent amid price pressures

Mondelez International cuts about 10 percent of Toblerone chocolate from each bar to meet higher ingredient costs. The move targets UK Poundland pricing, sparking consumer anger over smaller pieces while preserving the Alpine shape. Mondelez says Brexit related price pressures and imported goods costs drive the change, not the EU vote.

MENTIONED IN THIS ARTICLE

Geneva Britain Switzerland Holland Tony Mathews Mondelez International Deerfield, Ill U.K Poundland Mondelez European Union
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Also Mentioned on This Page

Mylan Charles Grassley Grassley Iowa Department of Health and Human Services Inspector General Center For Medicare and Medicaid Services CMS Senate Judiciary Committee CVS CVS Health Corp Anne D’innocenzio Jamey Keaton the Market IN Review Dow Jones Naspaq OneMain AdestoTen Earthstone CGG Rs Osiris If Sirilusxm Foster HongliCl Rs Patriotn AscentCap RadioOne Hertzel Vale SA AcadiaPh Addushmc Rockwill ChesEng NYMX CME New York Mercantile Exchange Chicago Board of Trade Chicago Mercantile Ice ICE Intercontinental Exchange
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