IPO News Mixes Tech Giants, Tax Outlook and Earnings
The report outlines Blackstone’s potential $4.75 billion IPO with top firms including AT&T Wireless and Kraft Foods, noting a rare sizable debut in U.S. history. It also covers H&R Block earnings, mortgage ventures, and market impacts from tax shifts, alongside Labor Department unemployment claims and after hours results from American Greetings, Smucker, Pier 1, Jabil, and Capri Casinos.
MENTIONED IN THIS ARTICLE
Blackstone
Blackstone Group LA
At&t Wireless
Kraft Foods
U.S
American Greetings Corp
D.m. Smucker Co
5JM
Pier 1 Importene
PIR
Jabil Ciroult Inc
Lale of
Capri Casinos Inc
ISLE
Stocks slide as yields spike hit profits and banks
Money and Markets notes stocks tumbled amid surging Treasury yields raising profit worries. Dow Jones Industrials fell 146 points to 13,489.12 while Bear Stearns hedge funds faced potential shuttering amid sector stress. Strong quarterly gains at investment banks contrasted with Home Depot stock moves and a broad shift in wholesale distribution.
MENTIONED IN THIS ARTICLE
Big Bear Stearns Cos
Dow
Fashion misses hurt department stores trend drives profits
Thomson Financial reports private labels boost department store profits as Penney’s and Kohl’s push house brands like Ambrielle and Elle. Bernard Sosnick of Oppenheimer & Co notes retailers can succeed without every fashion trend, citing strong same store sales and branded lines.
MENTIONED IN THIS ARTICLE
Roseanne Morrison
Doneger Group
H&m
Talbot's
Penney’s
Kohl's
Bernard Sosnick
Oppenheimer & Co
Ambrielle
Victoria's Secret
Elle
FedEx CEO Sees Modest Economy Rise Into Fall
Frederick W. Smith, chief executive of FedEx Corp, expects the economy to show modest year-to-year improvements by late summer or early fall as the shipping giant forecasts a stronger second half to the year.
MENTIONED IN THIS ARTICLE
Frederick W. Smith
FedEx Corp
FundFocus Under Erin Xie Seeks Health Care Firm Buyers
Under Erin Xie a biochemistry PhD funds has ranked in the top 10 percent among rivals for five years. The fund buys healthcare firms of all sizes and will close to investors on July 1.
MENTIONED IN THIS ARTICLE
Erin Xie
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Long
Mo Hla
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Morningstar
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Fashion Misses Hurt Department Stores
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