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1. Google tells workers to cool it on politics at workСб., 24 авг.[−]

Alphabet Inc.'s Google has issued "community guidelines" that discourage employees from debating politics in the workplace, an about-face from its previously open policy. The new rule is an effort to tone done "disruptive" conversations, and hold employees responsible for what they say, the company said. Google is also designing a tool that lets workers flag objectionable internal posts, it said. The move comes after more than a year of protests from conservative politicians and commentators who claim Google has shown liberal bias in digital searches and in its corporate culture, culminating in a Congressional hearing on the topic last month.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


2. Qualcomm CFO Wise retires; interim replacement namedСб., 24 авг.[−]

Qualcomm Inc. on Friday said Dave Wise has retired, effective today, after 23 years at the company. Qualcomm's board of directors unanimously approved Akash Palkhiwala, senior vice president of finance, as interim CFO while the company seeks a permanent replacement. The CFO change is Qualcomm's second this year. Wise served in the interim role since April, when George Davis departed after six years to join Intel Corp. in the same capacity. Wise will consult for Qualcomm. Shares of the company are up slightly in after-hours trading, and 29% for the year. The S&P 500 index is up 14% this year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


3. Trump says U.S. tariffs will increase on Chinese goodsСб., 24 авг.[−]

President Donald Trump hit back at China Friday for its new tariffs on U.S. products by increasing American levies on Chinese goods. On Twitter Trump said 25% tariffs on $250 billion in Chinese products would rise to 30% starting Oct. 1. Separately, the remaining $300 billion in imports will be tariffed at 15% instead of 10% on Sept. 1. The trade brawl with China sent stocks reeling on Friday, with the Dow Jones Industrial Average dropping more than 600 points.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


4. Apple shares slump nearly 5% on Trump's tough talk on ChinaПт., 23 авг.[−]

Shares of Apple Inc. dove 4.6% on Friday after President Donald Trump said he's ordering U.S. companies to start looking for "an alternative to China." Trump's pronouncement, which sent the Dow down more than 600 points, came after Beijing announced retaliatory tariffs on imports of U.S. goods. Apple gleans 18.3% of its total revenue from mainland China, second only to the U.S.'s 36.9%, according to FactSet. Nearly all of the company's flagship iPhones are built in China, creating economic and political tension between Trump and Apple CEO Tim Cook, who strongly opposes tariffs against China. Wedbush Securities analyst Daniel Ives referred to Friday's selloff as "a gut punch to Cupertino." Apple is headquartered in Cupertino, Calif. Apple shares are up 28% this year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


5. Dow closes down more than 600 points after Trump orders U.S. companies to leave ChinaПт., 23 авг.[−]

U.S. stocks ended the trading day sharply lower after President Trump escalated trade war rhetoric Friday, tweeting that he had "hereby ordered" U.S. companies "to immediately start looking for an alternative to China." The Dow Jones Industrial Average fell 614 points, or 2.6% to 25,633, the S&P 500 index lost about 75 points, or2.6% to 2,848 and the Nasdaq Composite lost 240 points, or 3% to close around 7,751. Trump's tweets were in apparent response to China announcing new tariffs of 5% and 10% on $75 billion in U.S. imports in retaliation for the Trump Administration plans to institute a new round of tariffs on $300 billion in Chinese imports, starting Sept. 1. Meanwhile, Federal Reserve Chairman Jay Powell gave a speech at the Fed's annual symposium in Jackson Hole, Wyo. in which he said "the U.S. economy has continued to perform well overall," but appeared to leave the door open for a possible quarter-point rate cut at its next meeting in September.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


6. U.S. oil futures drop, post a more than 1% loss for the weekПт., 23 авг.[−]

Oil futures declined on Friday, posting a loss for the week, following news of China's plan for retaliatory tariffs on U.S. products. President Donald Trump took to social media, tweeting that the U.S. is "better off without" China. The tweets further exacerbated the day's selloff, "as tit-for-tat escalation in the trade war is weighing on economic sentiment and stoking oil demand concerns," said Matt Smith, director of commodity research at ClipperData. October West Texas Intermediate oil lost $1.18, or 2.1%, to settle at $54.17 a barrel on the New York Mercantile Exchange. For the week, prices lost about 1.2%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


7. Ruth Bader Ginsburg received treatment for tumor on her pancreasПт., 23 авг.[−]

Supreme Court Justice Ruth Bader Ginsburg on Friday completed a three-week treatment for a tumor on her pancreas, court officials said in a statement. "The Justice tolerated treatment well," the statement said. "The tumor was treated definitively and there is no evidence of disease elsewhere in the body." Developments related to the liberal 86-year-old justice's health have been closely watched given President Donald Trump's ability to shape the Supreme Court.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


8. Foot Locker shares plummet 17% after earnings and sales missПт., 23 авг.[−]

Foot Locker Inc. stock plummeted 17% in Friday trading after the athletic retailer reported second-quarter earnings and sales that missed expectations. Net income totaled $60 million, or 55 cents per share, down from $88 million, or 75 cents per share, last year. Adjusted EPS of 66 cents missed the 67-cent FactSet consensus. Sales were $1.77 billion, down from $1.78 billion in 2018 and below the $1.82 billion FactSet guidance. Same-store sales increased 0.8%; the FactSet outlook was for 3.2% growth. Foot Locker stock is down 21.2% for the year to date while the S&P 500 index has gained 16.6% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


9. Hibbett shares sink as late back-to-school shoppers hurt salesПт., 23 авг.[−]

Hibbett Sports Inc. stock sank 15.5% after the athletic retailer reported second-quarter sales that missed expectations. Hibbett had a net loss of $8.8 million, or 49 cents per share, after a loss of 1.2 million, or 6 cents per share, the year prior. Adjusted net loss was 13 cents per share, ahead of the 16-cent loss FactSet forecast. Sales of $252.4 million were up from $211.1 million, but below the $256.0 million FactSet guidance. Same-store sales rose 0.3%, below FactSet outlook for 1% growth. One of the factors that impacted the results was a back-to-school shopping shift. "Not only do we continue to see volatility in school start dates, we're also seeing shoppers wait until the very last minute to make their back-to-school purchases, often resulting in peak volume days occurring as close to the school start date as possible," said Jared Briskin, Hibbett's chief merchant, on the earnings call, according to a FactSet transcript. "This volatility did impact our July results negatively but as having a positive impact to August." Hibbett also updated its annual guidance. It now expects same-store sales up 1% to 2% versus previous guidance of up 0.5% to 2%. EPS is now expected to be $1.35 to $1.50, with adjusted EPS of $2.15 to $2.25 compared with previous guidance for $2.00 to $2.15. The FactSet outlook is for same-store sales growth of 2.4% and EPS of $2.11. Hibbett stock is down 51% over the past year while the S&P 500 index is up 0.3% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


10. Gold futures post a gain for a 4th week in a rowПт., 23 авг.[−]

Gold futures rallied Friday, with China’s plan for retaliatory tariffs on U.S. goods helping to boost investor interest in the haven metal. "Gold is likely to be most volatile during FOMC meetings and days (like today) when we receive a barrage of tweets from President [Donald] Trump and headlines concerning global trade," said Matthew Miller, equity analyst at CFRA Research. "The news regarding China's trade retaliation and [Trump's] multiple tweets attacking the Federal Reserve are overshadowing" the Jackson Hole, Wyo., economic policy symposium, he said. December gold climbed by $29.10, or 1.9%, to settle at $1,537.60 on Comex. That was the highest most-active contract settlement since April 2013, according to FactSet data. For the week, prices were up 0.9%, following weekly gains in each of the past three weeks.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


11. Baker Hughes data reveal the biggest weekly drop in the U.S. oil-rig count since AprilПт., 23 авг.[−]

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil declined by 16 to 754 this week. That was the biggest weekly decline since late April, when Baker Hughes reported a weekly drop of 20 oil rigs. The total active U.S. rig count, meanwhile, also fell by 19 to 916, according to Baker Hughes. October West Texas Intermediate crude continued to trade sharply lower following news of China's plans for retaliatory tariffs on U.S. goods. Prices were down $1.99, or 3.6%, at $53.36 a barrel.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


12. Banana Republic's rental service gets mixed reaction from analystsПт., 23 авг.[−]

Gap Inc.'s plan to launch a rental service for its Banana Republic brand is getting mixed reactions from analysts, with GlobalData Retail's Neil Saunders saying he "doesn't think much of the initiative." Gap said last week that Banana Republic would launch Style Passport, an online rental service that will cost $85 per month. "For a brand of Banana's price and position, we do not see rental as the right solution and believe the company would be better advised to continue focusing on developing compelling products and rebuilding its reputation," said Saunders. On the other hand, Cowen analysts led by Oliver Chen say it "can be an exciting way to engage both new and loyal customers," and might even be extended to other brands in the Gap portfolio if it proves successful. Cowen rates Gap stock market perform with a $22 price target. Gap discussed its more pressing issues on its earnings call, including traffic issues and product missteps at Old Navy, which will soon be spun off into its own business. Gap reported a second-quarter sales miss. Shares are down 4.8% in Friday trading amid a broader slump that's bringing down stock in Nordstrom Inc. (down 5.1%), American Eagle Outfitters Inc. (down 4.3%) and Ralph Lauren Corp. (down 4.8%), among others. Gap shares have lost nearly 48% over the past year while the S&P 500 index is up 0.4%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


13. Dow skids 500 points lower, stock market wipes out weekly gains as Trump appears to mandate that U.S. companies make products 'home'Пт., 23 авг.[−]

U.S. stocks hit session lows on Friday as President Donald Trump appeared to mandate in a tweet that U.S. companies make their products at home and said he would hold a conference in the afternoon to discuss the matter. The Dow Jones Industrial Average fell 500 points, or 1.9% at 25,759, the S&P 500 index fell 2% at 2,865, while the Nasdaq Composite Index declined 2.3% lower at 7,806. Trump said "our great American companies" to "immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA." The losses erased weekly gains for the S&P 500 and the Nasdaq while the Dow was off 0.1%. The Trump statement comes after the Chinese ministry indicated that it was preparing to raise tariffs in two batches on $75 billion in U.S. imports on Sept. 1 and Dec. 15, which would coincide with the dates that the U.S. is slated to increase tariffs on some $300 billion in China goods.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


14. Trump questions whether Fed's Powell 'bigger enemy' of U.S. than China's Xi after Jackson Hole speechПт., 23 авг.[−]

President Donald Trump on Friday said the Federal Reserve "did nothing" after Chairman Jerome Powell said the central bank is watching economic developments and will "act as appropriate." Trump, who has frequently pressed the Fed to aggressively cut interest rates, asked in a tweet, "who is our bigger enemy," Powell or Chinese President Xi Jinping, after China announced new tariffs on American products. The Dow Jones Industrial Average flipped into positive territory Friday after Powell's speech, following early losses after the China tariff news was announced.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


15. Nordstrom launches Sustainable Style e-commerce categoryПт., 23 авг.[−]

Nordstrom Inc. said Friday that it has launched an online shopping category, Sustainable Style, that will offer merchandise made with sustainably-sourced materials and manufactured in facilities that reach a higher environmental standard. The move is part of the luxury retailer's commitment to the G7 Fashion pact, a group convened at the G7 Summit that is working to minimize the environmental impact of the fashion industry. Other members include Nike Inc. , Armani, and Kering , which owns Gucci and other luxury labels. Nordstrom has taken other steps to address climate change, including reducing the amount of packaging and shipping materials it uses and helping customers to recycle clothing, shoes and accessories. Nordstrom stock has lost more than 51% over the past year while the S&P 500 index is up 2.3% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


16. Dow and broader stock market bounce around as Fed's Powell says 'carefully watching developments'Пт., 23 авг.[−]

U.S. stocks wavered between gains late-morning Friday as Wall Street was parsing a much-anticipated speech from Federal Reserve Chairman Jerome Powell at a symposium of central bankers in Jackson Hole, Wyo. The Dow Jones Industrial Average briefly flipped into positive territory after showing triple-digit losses and was most recently up 0.2% at 26,295, the S&P 500 index was up 0.1% at 2,925, while the Nasdaq Composite Index was 0.1% higher at 8,002. Powell on Friday said the central bank was "carefully watching developments" in the economy and would "act as appropriate," but stopped short of promising any specific interest-rate easing steps. Stock indexes were wavering solidly between gains and losses as the statements were being digested. Powell's remarks come after the market was declining on the back of a report from China indicated that it was preparing to launch fresh tariffs against the U.S. on Sept. 1 and Dec. 15 to coincide with some $300 billion in tariffs set to be leveled against China goods by the U.S. "Powell's Jackson Hole speech did not mention a mid-cycle adjustment and investors could take that as a hint that he is probably closer to an easing cycle than just seeing couple of rate cuts," wrote Edward Moya, senior market analyst at Oanda, after Powell's prepared remarks were released Friday morning at 10 a.m. Eastern Time.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


17. Dow sheds 130 points at the open as China says its readying $75 billion counter-tariffs on U.S. goodsПт., 23 авг.[−]

The Dow average on Friday headed lower at the open along with the rest of the major indexes after a report surfaced indicating that China was ready to take retaliatory measures in its lasting tariff conflict with the U.S. A report from the Chinese ministry indicated that it was preparing to raise tariffs in two batches on $75 billion in U.S. imports on Sept. 1 and Dec. 15, which would coincide with the dates that the U.S. is slated to increase import duties on some $300 billion Beijing goods. The Dow [: DJIA] was down 130 points, or 0.5%, at 26,118, the S&P 500 index declined 0.4% at 2,912, while the technology-heavy Nasdaq Composite Index , which tends to be sensitive to tariff tensions, was down 0.6% at 7,947. Before the opening bell, stock-index futures were trading firmly higher ahead of the report on the back of comments from St. Louis Federal President James Bullard who said "insurance" rate cuts were needed to combat weakening growth outside of the U.S. The market is awaiting a highly anticipated speech from Jerome Powell on the monetary policy in Jackson Hole, Wyo., set for 10 a.m. Eastern Time. In its statement, China wrote that "US measures have led to the continuous escalation of Sino-US economic and trade frictions, which have greatly harmed the interests of China, the United States and other countries, and have also seriously threatened the multilateral trading system and the principle of free trade."

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


18. Fed's Mester: Current economy supports no additional Fed cut, but China trade impact can't be ignoredПт., 23 авг.[−]

Cleveland Federal Reserve President Loretta Mester, a non-voter on interest-rate policy this year, remains undecided whether she will recommend a rate cut when the Fed meets in coming weeks, even though she was not in agreement with the cut the Fed panel put in place earlier this summer. Mester, in a CNBC appearance from the annual central bank conference in Jackson Hole, Wyo., said she's still assessing data but should the economy remain at its current level of health, she'll lean toward no follow-up cut. U.S. rates should be higher than those in Europe and China, she said. Still, the current trade fight remains a key risk, she said. Stock futures were dropping as Mester conducted the interivew, after China announced a set of tariffs in reaction to U.S. tariff policy. The trade spat is hitting investor sentiment, Mester said, but the consumer so far remains strong. The next job-market report will be very important, she said.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


19. White House's Navarro says U.S.-China talks will continue but focus should be PowellПт., 23 авг.[−]

White House trade adviser Peter Navarro said Friday trade talks with China would continue after Beijing announced tariffs on $75 billion in U.S. goods. Appearing on Fox Business Network, Navarro claimed China was bearing the burden of tariffs the Trump administration has imposed on its products and urged investors to instead focus on a speech by Federal Reserve Chairman Jerome Powell scheduled for 10 a.m. Eastern. Navarro said what he most wants to hear from Powell is "America, we have your back." President Donald Trump has frequently pressed the Fed to cut interest rates more aggressively. U.S. stock futures turned negative after the China tariff announcement.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


20. Tractor Supply searching for new CEO; COO resignsПт., 23 авг.[−]

Tractor Supply Co. said Friday that it has extended its contract with current its current chief executive, Greg Sandfort, by up to one year as an executive search firm finds a new CEO. Sandfort will stay on until a new CEO is appointed, and will help with the transition. In addition, Steve Barbarick, Tractor Supply's chief operating officer, has resigned, effective Friday. No further detail about Barbarick's departure was given. Tractor Supply stock has rallied 21.2% for the year to date while the S&P 500 index is up 16.6% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


21. China announces tariffs on $75 billion of U.S. goodsПт., 23 авг.[−]

China's finance ministry on Friday announced retaliatory tariffs on $75 billion of U.S. goods, with one slate for Sept. 1 and another for Dec. 15. China said it was responding to U.S. unilateralism and trade protectionism.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


22. Anheuser-Busch to make $20 million payment to Craft Brew rather than buy remaining sharesПт., 23 авг.[−]

Anheuser-Busch hasn't made a qualifying offer for the remaining shares of Craft Brew Alliance Inc. and will instead make an incentive payment of $20 million, Craft Brew said Friday. The action comes as the deadline for a qualifying offer, as indicated by the 2016 International Distribution Agreement, expires. Craft Brew's portfolio of brands includes Red Hook Brewery, Kona Brewing Co. and Square Mile Cider Co. "While disappointing, with this decision made, management can turn its attention to refining strategic alternatives to maximize shareholder value," said Craft Brew Chief Executive Andy Thomas in a statement. Creft Brew will host a call on September 5 to discuss its go-forward strategy. Craft Brew stock slipped 4.3% in Friday premarket trading, and is down nearly 33% over the past year. Anheuser-Busch InBev S.A. edged up 0.4% in premarket but has fallen 2.3% over the last 12 months. And the S&P 500 index has gained 2.3% for the past year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


23. Buckle shares jump after earnings and sales beat consensusПт., 23 авг.[−]

Shares of clothing and accessory retailer Buckle Inc. jumped 7.6% in Friday premarket trading after it reported second-quarter earnings and sales that beat consensus. Net income totaled $16.4 million, or 34 cents per share, up from $15.7 million, or 32 cents per share, last year. Sales were $203.8 million, up from $201.1 million in 2018, with online sales rising 9.2% to $23.1 million. The FactSet consensus was for EPS of 30 cents and sales of $204 million. Same-store sales rose 1.8%; FactSet expected a 0.5% same-store sales decline. Buckle stock has taken a 33% tumble over the past year while the S&P 500 index has gained 2.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


24. U.S. stock futures move off highs as Global Times editor tweets about China countermeasuresПт., 23 авг.[−]

U.S. stock futures moved off their highs of the day as the editor-in-chief of the Global Times, Hu Xijin,tweeted that China will take further countermeasures in response to U.S. tariffs on $300 billion of goods. "Beijing will soon unveil a plan of imposing retaliatory tariffs on certain U.S. products. China has ammunition to fight back. The US side will feel the pain," he wrote. S&P 500 futures, which were as high as 2,936.50, rose 6.30 points, or 0.22%, to 2,928.60.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


25. Moody's cuts its growth outlook for 16 Asian countriesПт., 23 авг.[−]

Moody's Investors Service on Friday said it's revised downward its GDP growth outlook for 16 Asian economies. The revision came due to sharp slowdown in "externally-oriented" economies, as well as domestic factors holding back Japan, India and the Philippines. Softer capital formation has mirrored the weakening in exports, especially for trade-reliant economies such as Korea and Hong Kong, Moody's said.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


26. VMware to acquire Carbon Black, Pivotal SoftwareПт., 23 авг.[−]

VMware Inc. announced two blockbuster acquisitions of public companies Thursday afternoon, one of which was expected. VMware will acquire corporate sibling Pivotal Software Inc. , as expected after filings last week involving both companies' corporate parent, Dell Technologies Inc. The acquisition of security-software firm Carbon Black Inc. , though, was a surprise. Carbon Black went public last year at $19 a share for a valuation of more than $1 billion, and VMware has agreed to pay $26 a share for the company, which VMware said gives Carbon Black an enterprise value of $2.1 billion. VMware said it would pay a blended price of $11.71 a share for Pivotal, paying $15 a share in cash to regular shareholders and swapping VMware shares to Dell for Dell's shares of Pivotal at an exchange rate of 0.055 shares of VMware for each share of Pivotal. The enterprise value of Pivotal is $2.7 billion in that agreement, VMware said. VMware stock fell about 4% after the news was announced, which came in conjunction with second-quarter earnings. Pivotal stock gained more than 7% after closing at $13.70, and Carbon Black shares moved a bit higher after gaining 7.7% in the regular session to $24.50.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


27. Dillard's OKs 50% dividend increaseЧт., 22 авг.[−]

Dillard's Inc. said late Thursday its board of directors declared a cash dividend of 15 cents a share, a 50% increase over the most recent dividend of 10 cents a share. The dividend is payable on Nov. 4 to shareholders of record as of Sept. 30. Shares of Dillard's were flat in the extended session after ending the regular trading day down 0.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


28. TurboTax parent Intuit stock gains 5% after Q4 resultsЧт., 22 авг.[−]

Shares of Intuit Inc. rose more than 5% in the extended session Thursday after the business software company reported a narrower-than-expected fiscal fourth quarter loss and sales beat expectations. Intuit said it lost $153 million, or 17 cents a share, in the quarter, compared with a loss of $200 million, or 15 cents a share, in the year-ago period. Adjusted for one-time items, Intuit lost 9 cents a share, compared with 1 cent a share a year ago. Sales rose 15% to $994 million. Analysts polled by FactSet had expected Intuit to report a fiscal fourth-quarter adjusted loss of 15 cents on sales of $961 million.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


29. Hasbro to buy 'Peppa Pig' and 'PJ Masks' corporate owner in $4 billion dealЧт., 22 авг.[−]

Hasbro Inc. plans to purchase an entertainment company that holds the rights to children's entertainment properties "Peppa Pig" and "Pj Masks" in a deal that values the company at roughly $4 billion. Hasbro said Thursday afternoon it has agreed to acquire Entertainment One Ltd. for 5.6 pounds a share, which equates to roughly $4 billion. Beyond owning children's TV programming that could help Hasbro, the move also gives Hasbro access to the film and TV enterprises and distribution that Canada-based eOne offers, executives said in the announcement. "The acquisition of eOne adds beloved story-led global family brands that deliver strong operating returns to Hasbro's portfolio and provides a pipeline of new brand creation driven by family-oriented storytelling, which will now include Hasbro's IP," Hasbro Chief Executive Brian Goldner said. "In addition, Hasbro will leverage eOne's immersive entertainment capabilities to bring our portfolio of brands that have appeal to gamers, fans and families to all screens globally and realize full franchise economics across our blueprint strategy for shareholders." Hasbro said that the eOne acquisition would be accretive to earnings in the year after the deal closes, which Hasbro expects will happen in the fourth quarter. Hasbro expects to finance the deal with $1 billion to $1.25 billion in cash from equity financing and cover the rest with debt financing from bank of America. It will suspend its stock repurchases as it completes the deal, but maintain its dividend payments, according to the announcement. Hasbro shares were unaffected in immediate late trading.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


30. Gap stock falls after company's Q2 same-store sales fallЧт., 22 авг.[−]

Shares of Gap Inc. fell 7% in the extended session Thursday after the retailer reported adjusted profit above expectations but same-store sales disappointed. Gap said it earned $168 million, or 44 cents a share, in the quarter, compared with $297 million, or 76 cents a share, in the year-ago quarter. Adjusted for one-time items, Gap said it earned 63 cents a share. Sales fell to $4 billion, from $4.09 billion a year ago. Analysts polled by FactSet had expected adjusted earnings of 53 cents a share on sales of $4.02 billion. Same-store sales were down 4% in the quarter, compared with a 2% increase a year ago. Gap also updated its EPS guidance for the year, saying it expects adjusted profit to range between $2.05 a share and $2.15 a share. The analysts surveyed by FactSet expect adjusted EPS of $2.06 for the year. "We are operating in a challenging environment, but I remain confident in the strength of our brands and our plans for the future as we work to launch two independent, public companies," Chief Executive Art Peck said in a statement. Gap continues to expect to close about 30 company-operated stores in the year. The stock ended the regular trading session up 4.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



 
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