Nasdaq issues statement on trading halt
NEW YORK (Reuters) – Nasdaq OMX , the operator of the Nasdaq exchange, said in a statement on Thursday it halted trading of Nasdaq-listed securities soon after noon New York time after it was aware of a problem disseminating price quotes.
Jack Daniel’s toasts rising demand with new distillery
(Reuters) – The makers of Jack Daniel’s whiskey will spend more than $100 million to increase production to sate the growing thirst for the world-famous Tennessee whiskey.
Gap raises profit forecast, dividend
(Reuters) – Gap Inc on Thursday reported a higher second-quarter profit, helped by the sales gains at its namesake and Old Navy chains and online, leading the clothing retailer to raise its full year profit forecast and dividend.
Analysis: New tastes, nimble fashion rivals squeeze top teen chains
(Reuters) – Abercrombie & Fitch Co , Aeropostale Inc and American Eagle Outfitters Inc have fallen out of fashion with fickle U.S. teen shoppers and aren’t likely to win back their business anytime soon.
Wall Street climbs after extended Nasdaq outage
NEW YORK (Reuters) – Stocks closed higher on Thursday in a trading session marred by a historic trading halt of roughly three hours on the Nasdaq stock exchange as a result of technical problems.
Sears CEO cites pension costs for not boosting store investment
NEW YORK (Reuters) – Sears Holdings Corp Chief Executive Edward Lampert admits the retailer’s stores could be improved, but partly blames higher pension obligations in recent years for taking resources away from its stores.
Aeropostale forecasts another loss, to speed up store closings
(Reuters) – Teen apparel retailer Aeropostale Inc on Thursday forecast a deep third quarter loss, and said the highly promotional environment that has led it to cut prices and decimated earnings would continue in the back-to-school shopping period.
Icahn plans dinner meeting with Apple’s Cook on buyback size
SAN FRANCISCO (Reuters) – Carl Icahn has spoken again with Apple Inc’s Tim Cook and plans a longer discussion with the chief executive over dinner next month about the size of the iPhone maker’s buyback program, the activist investor tweeted on Thursda…
Jack Daniel’s toasts rising demand with new distillery
(Reuters) – The makers of Jack Daniel’s whiskey will spend more than $100 million to increase production to sate the growing thirst for the world-famous Tennessee whiskey.
Small insurer’s stock first to resume trade on Nasdaq
(Reuters) – Shares of Atlantic American Corp , a tiny insurance company headquartered in Atlanta, were the first Nasdaq-listed shares to resume trading Thursday afternoon after a large part of the U.S. market came to a halt following an unexplained iss…
