The top after-market NASDAQ gainers are: SuperMedia, AsiaInfo-Linkage, Imperial Sugar, Electronic Arts, Endocyte, Twin Disc, Spectrum Pharmaceuticals, Complete Genomics, Central European Distribution and PMC - Sierra.
Shares of Zynga, the online gaming developer linked to Facebook, closed at $9.50 Friday, 50 cents below their initial public offering price Thursday as the company raised $1 billion in the biggest IPO since Google.
Michael Kors Holdings Ltd stood out in its market debut, keeping pace with star technology sector IPOs and showcasing the resilience of the luxury market even in a gloomy economy.
Morgan Stanley's announcement that it is slashing 1,600 jobs is only the latest in a late-year blizzard of pink slips being floated among people at the heart of American high-finance. Bonuses are also down sharply. Is the economy Grinch stealing Wall Street's Christmas?
Morgan Stanley (MS) announced plans to cut 1,600 job globally Thursday. Another axe fell on Wall Street.
Morgan Stanley has returned $700 million to investors after its main real estate fund performed weaker than expected, reported the Wall Street Journal.
Morgan Stanley (MS) is taking a step back to reach a mutually beneficial settlement with bond insurance firm MBIA. The investment bank announced Tuesday that it's willing to take a pre-tax loss of $1.8 billion in the current quarter to resolve outstanding legacy exposures.
Jive Software Inc priced its initial public offering at $12 per share, above its expected price range of between $8 and $10 per share, according to an underwriter.
The turbulent stock market may throw up obstacles in front of two initial public offerings on tap, including on-line game site Zynga as well as workplace social networking developer Jive Software.
The defense budget is shrinking, but General Dynamics Corp still sees growing demand for its combat vehicles and warships, coupled with unprecedented opportunities to sell its popular Gulfstream business jets in China and other emerging markets.
Stock in the largest American banks were particularly bullish on the developments, trading up in heavy volume during pre-market action in the New York Stock Exchange. Shares of Citigroup (NYSE:C), Bank of America (NYSE:BAC) and Goldman Sachs (NYSE:GS) were up more than 2 percent in very early pre-market trading. Morgan Stanley (NYSE:MS), whose operations are generally considered to be more sensitive to developments out of Europe than its large bank peers in the U.S., was up over 3 percent.
Real estate developer Forest City Enterprises reported a net loss of $41.9 million, or 25 cents per share, in the third quarter ending Oct. 31, down from $50.6 million, or 33 cents per share, loss in 2010.
The top aftermarket NYSE gainers on Wednesday were: Methode Electronics, Titan International, C&J Energy Services, Talbots, Goldman Sachs Group, Morgan Stanley, McMoRan Exploration, Huntsman Corp, U.S. Bancorp and Novartis AG.
Washington Wealth Management, a start-up that is expanding nationwide by poaching Wall Street brokers and managers, on Wednesday said it hired three Morgan Stanley Smith Barney producers and opened offices near Las Vegas and San Diego.
A strange and winding day for the shares of major U.S. financial companies ended as oddly as it began, as shares of major U.S. banks seemed to brush off bad news on sovereign debt ratings that rattled the wider market and shares of five of the biggest financial institutions traded on the New York Stock Exchange ended the session on a sell imbalance.
Shares in Samsung Electronics Co Ltd rose more than 2 percent on Monday after Apple Inc's bid to halt U.S. sales of its Galaxy line of products was rejected, easing concern of slowing growth in its telecom business, which generates revenue of $13 billion per quarter.
Break out the bubbly, Michael Kors is going public, with an IPO valued at $3.6 billion.
In a research note, banking industry analyst Matthew Burnell reduced fourth-quarter earnings estimates for JPMorgan Chase (NYSE:JPM), Citigroup (NYSE:C), Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS). Burnell reduced the earning estimates for JPMorgan and Citi by about 4 percent, but sounded a much more pessimistic note on Goldman and Morgan Stanley.
Germany's SAP announced a $3.4 billion cash deal to buy U.S. Web-based software company SuccessFactors, joining the scramble among technology firms to offer cloud-computing services to businesses.
Shares in Samsung Electronics Co Ltd rose more than 2 percent on Monday after Apple Inc's bid to halt U.S. sales of its Galaxy line of products was rejected, easing concern of slowing growth in its telecom business, which generates revenue of $13 billion per quarter.
Germany's SAP announced a $3.4 billion cash deal to buy U.S. web-based software company SuccessFactors, joining the scramble among technology firms to offer cloud-computing services to businesses.
Germany's SAP announced a $3.4 billion cash deal to buy U.S. Web-based software company SuccessFactors Inc., joining the scramble among technology firms to offer cloud-computing services to businesses.
