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1. Trump to nominate former Fed staffer Nellie Liang to central bank's board of governors: WSJ00:46[−]

President Donald Trump is prepared to nominate Nellie Liang, a former top Federal Reserve staff member to the central bank's board of governors, the Wall Street Journal reported Wednesday. Liang is now a fellow at The Brookings Institution after she retired from a 31-year career at the Fed. Liang played a key role in the Fed's push to strengthen the banking sector after the housing bubble burst as the director of the Fed's office of financial stability policy and research. She provided regular reports to top Fed officials on the risks to financial stability. She co-led the Fed's first "stress tests" of the biggest banks in 2009 that are often credited for restoring confidence in the financial sector.

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. Elanco Animal Health prices IPO above expected range00:31[−]

Elanco Animal Health Inc. priced shares for its initial public offering above the estimated range late Wednesday. The animal drug company, which is being spun off from Eli Lilly & Co. , priced shares at $24 a piece. Earlier in the month, Elanco had estimated shares in the $20 to $23 range. Under current pricing, Elanco hopes to raise up to $1.74 billion on an offering of 62.9 million shares with an added 9.4 million to underwriters to cover over-allotments. Following the IPO, Lilly expects to keep an 82.3% stake in Elanco, or 80.2% if over-allotment shares are sold. Goldman Sachs. J.P. Morgan and Morgan Stanley are acting as book-running managers. Shares are scheduled to begin trading under the ticker "ELAN" on the New York Stock Exchange on Thursday.

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. Red Hat stock drops on revenue miss, weak outlookСр., 19 сент.[−]

Red Hat Inc. shares dropped in the extended session Wednesday after the software company's quarterly revenue and outlook fell short of Wall Street estimates. Red Hat shares fell 4% after hours, following a 0.3% rise to close the regular session at $143.16. The company reported fiscal second-quarter net income of $86.9 million, or 46 cents a share, compared with $97.1 million, or 53 cents a share, in the year-ago period. Adjusted earnings were 85 cents a share. Revenue rose to $822.7 million from $723.4 million in the year-ago period. Analysts surveyed by FactSet had estimated 82 cents a share on revenue of $828.1 million. For the fiscal third quarter, Red Hat estimates adjusted earnings of about 87 cents a share on revenue of about $848 million to $856 million. Analysts expect earnings of 92 cents a share on revenue of $862.2 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.


4. Crispr stock down 5% after company plans secondary offerСр., 19 сент.[−]

Shares of Crispr Therapeutics AG fell 5% in the extended session Wednesday after the gene-editing company said it plans to offer $200 million worth of shares of its common stock in a public offering. Underwriters will be granted a 30-day option to buy an additional $30 million, the company said in a statement. Goldman Sachs and Piper Jaffray are joint book-runners. Shares of Crispr ended the regular trading session down 2.4%.

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.


5. Dow ends session within 0.8% of January record as 10-year government bond yields hit 4-month highСр., 19 сент.[−]

U.S. stocks on Wednesday ended mostly higher, with the Dow Jones Industrial Average and the S&P 500 index ending within a stone's throw of a fresh record as investors shook off U.S.-China trade-war worries. The Dow rose about 160 points, or 0.6%, at 24,406, closing within 0.8% of its Jan. 26 all-time record at 26,616.71. The S&P 500 index , meanwhile, closed up 0.1% at 2,907, not far from its all-time peak above 2,914. The Nasdaq Composite Index , however, lagged behind its peers, closing about 0.1% lower at 7,950. A rise in yields for the 10-year Treasury note to its highest level since May around 3.08%, helped to lift shares of financial companies, which enjoyed the best performance on the day among the 11 sectors of the S&P 500. A popular fund used to bet on the financials sector, the Financial Select Sector SPDR ETF , rose by 1.8%, representing the best daily gain since July 9. In corporate news, Wall Street focused on shares of Tilray Inc. , which surged in an extremely volatile day, after the U.S. Drug Enforcement Administration signed off on a plan for the company to import a marijuana product to test its effectiveness in treating a disorder that affects millions of Americans. On Wednesday, the stock was halted multiple times after surging by 94% before ending up 38%. The stock has been a trading favorite this past month as investors bet that stocks related to marijuana could see massive growth. Tilray has surged more than 600% over the past 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.


6. Tilray stock halted several times amid rollercoaster final hour of tradingСр., 19 сент.[−]

Tilray Inc. shares were halted five times in a span of less than an hour as Wednesday's trading session neared a close, with shares zooming between brief small losses and incredibly large gains. Tilray stock was flying high Wednesday, hitting an intraday record high of $300 a share -- a daily gain of 94% that added to a an increase of more than 400% in the past month. However, when shares were halted for a fourth time in less than 40 minutes at 3:33 p.m. Eastern time, they were trading at $168.33, a daily gain of just 8.6%. When they resumed trading at 3:43 p.m. Eastern, shares clawed back to gains of 40% before being halted with about 10 minutes to go in the session. Shares were allowed to begin trading yet again at almost the exact moment the market closed, and recorded a final price in the regular session of $214.06, up 38.1% on the day. The cannabis producer went public in July at $17 a share, and traded in a range from $151.40 to $300 Wednesday after closing at $154.98 Tuesday. In the first few minutes of after-hours trading, shares dropped more than 10%.

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. Craftsman brand relaunches under Stanley Black & Decker with new toolsСр., 19 сент.[−]

The Craftsman brand has relaunched under new ownership, with Stanley Black & Decker Inc. adding new tools to the lineup and introducing a new logo. Stanley Black & Decker bought the Craftsman brand from Sears Holdings Corp. in 2017 for about $900 million in cash. The new tool lineup includes a VersaStack portable storage system and a new range of tape measures, including pro-quality tape measures with up to 13 feet of standout. Stanley Black & Decker shares have fallen 10.6% for the year so far while the S&P 500 index has rallied nearly 9% 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.


8. Financial stocks rally as 10-year treasury yield rises to highest since MayСр., 19 сент.[−]

Financial stocks rallied Wednesday, poised for their best day since early July, as the 10-year Treasury yield traded at the highest since May. The S&P 500's financials sector advanced 2%, outperforming the large cap index's 0.1% rise. Financials were also the strongest performer of the S&P 500's 11 industries, fueled by the 10-year bond yield's climb to 3.081%, a level not seen since May 17. Financial firms tend to be more profitable during periods of higher interest rates and Treasury yields are expected to continue climbing on the back of the Federal Reserve's tighter monetary policy.

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. U.S. oil prices rally to highest finish since JulyСр., 19 сент.[−]

Oil prices finished sharply higher Wednesday after a U.S. government report revealed a weekly fall in crude supplies, the fifth weekly decline in a row. Expectations for further declines in exports from Iran, ahead of the implementation of U.S. oil sanctions on the country in November, also contributed to the price climb. October West Texas Intermediate oil rose $1.27, or 1.8%, to settle at $71.12 a barrel on the New York Mercantile Exchange. That was the highest for a front-month contract since July 10, according to FactSet data.

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. Under Armour launching collection with The Rock called 'All Day Hustle'Ср., 19 сент.[−]

Under Armour Inc. announced the launch of the latest collection through its partnership with Dwayne "The Rock" Johnson called All Day Hustle. Under Armour had previous success with The Rock's Project Rock 1 shoes this summer that sold out in 30 minutes. The latest collection will include men's and women's apparel, accessories, and new colors for the Project Rock 1 shoe.The Project Rock 1 is designed for flexibility while working out, with a knit upper, cushioning technology, and the "TPU heel puck" that helps when lifting heavy weight. Under Armour shares have gained 29.7% for the year so far while the S&P 500 index is up 8.8% 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.


11. Sen. Grassley says it's not FBI's role to investigate Kavanaugh accuser's allegationsСр., 19 сент.[−]

Senate Judiciary Committee Chairman Chuck Grassley told lawyers for Christine Blasey Ford that it is not the FBI's role to investigate her allegations against Supreme Court nominee Brett Kavanaugh. Grassley reiterated in a letter that Ford is invited to testify before the panel on Monday, either in public or in private. Ford has accused Kavanaugh of sexual assault and her lawyers have said a full investigation by law enforcement is needed before she can testify.

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. Great Southern Bancorp boosts dividend, as yield stays above bank sectorСр., 19 сент.[−]

Great Southern Bancorp Inc. said Wednesday it has raised its quarterly dividend to by about 14% to 32 cents a share from 28 cents a share. The stock rose 0.4% in midday trade. The new dividend is payable Oct. 15 to shareholders of record on Oct. 1. The new annual dividend rate implies a dividend yield of 2.24%, compared with the yield for the SPDR S&P Bank ETF of 1.45% and the implied yield for the S&P 500 of 1.76%, according to FactSet. Great Southern's stock has rallied 10.4% year to date, while the bank ETF has edged up 2.9% and the S&P 500 has gained 8.8%.

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. Cracker Barrel squeezed by competition with fast-food chains, price target cutСр., 19 сент.[−]

SunTrust Robinson Humphrey has cut Cracker Barrel Old Country Store Inc.'s price target to $134 from $146 based on the time it will take to reverse negative traffic trends. Cracker Barrel shares closed down 4.6% on Tuesday after it reported an earnings and sales miss, with restaurant traffic down 3.5%. In earnings call comments, Chief Executive Sandra Cochran attributed the traffic decline to the performance of the Campfire menu and promotion, which included new items that didn't resonate, a change in media strategy that didn't make the impact the company wanted, and higher gas prices. "We believe the primary factor was increased value-oriented competition, particularly from QSRs," wrote SunTrust analysts. Offering food with higher "craveability" is a focus going forward, with bone-in fried chicken coming to the menu. The company is also looking at its employees as part of an improvement of the guest experience. "The national launch of Cracker Barrel's 'Daily Delights' value offering should enable it to better compete in the current value-oriented environment, but we expect the impact to be gradual, especially in light of declining guest satisfaction metrics, including craveability," analysts said. SunTrust rates Cracker Barrel shares hold. The company's stock has edged up 0.7% in Wednesday trading, but is down nearly 9% for the year to date. The S&P 500 index has gained 8.8% for 2018 so far.

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. Nasdaq's decline defies bullish exchange breadth dataСр., 19 сент.[−]

The Nasdaq Composite fell 0.2% in midday trade, as weakness in the index's biggest components offset bullish breadth data. The number of advancing stocks outnumbered declines 1,449 to 1,167, and volume in advancing stock accounted for 53.8% of total volume. The market-capitalization weighted index was lower, however, as shares of the four largest companies by market cap were all fell. Apple Inc.'s stock fell 0.3%, Amazon.com Inc. shares shed 1.2%, shares of Microsoft Corp. slid 1.2% and Alphabet Inc.'s stock gave up 0.3%. Meanwhile, the Dow Jones Industrial Average rallied 198 points and the S&P 500 advanced 0.2%.

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.


15. Financial stocks in broad rally, with J.P. Morgan leading the Dow's gainersСр., 19 сент.[−]

Financial stocks traded broadly higher, with the group the biggest gainer among the S&P 500's 11 sectors, as the jump in Treasury yields helped provide a boost to the banks. The SPDR Financial Select Sector ETF ran up 1.5% toward a six-month high, with 62 of 68 equity components trading higher. Among the Dow Jones Industrial Average's financial components, J.P. Morgan Chase & Co.'s stock was up 2.5% to be the Dow's biggest gainer and Goldman Sachs Group Inc.'s stock climbed 2.3%. The combined price gains of those stocks adding about 55 points to the Dow's price, which was up 212 points. Elsewhere, shares of Bank of America Corp. rallied 2.3%, of Citigroup Inc. hiked up 2.6% and of Wells Fargo & Co. rose 1.2%. The yield on the 10-year Treasury note rose 3.7 basis points to a four-month high of 3.085% after better-than-expected housing starts data. Higher Treasury yields can give a boost to bank earnings, because that can increase the spread between what the banks make on longer-term assets and what they pay for shorter-term liabilities.

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 jumps more than 200 points in late-morning trade and moves within 0.7% of its January recordСр., 19 сент.[−]

The Dow Jones Industrial Average jumped by more than 200 points in late-morning trade Wednesday, as the broader market appeared to shake off worries about U.S.-China tariff tensions. The Dow was up about 200 points, or 0.8%, at 26,444, putting the blue-chip benchmark less than 0.7% short of its all-time high of 26,616.71, which was hit on Jan. 26. The Dow is the only U.S. equity benchmark, among the big three, that hasn't put in a new peak since stocks, including the S&P 500 index and the Nasdaq Composite Index , slumped sharply beginning in early February.

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. Microsoft's stock falls to pace Dow losersСр., 19 сент.[−]

Shares of Microsoft Corp. fell 1.4% in morning trade to pace the Dow Jones Industrial Average's decliners, as part of broad weakness in the technology sector. The stock's weakness had little effect on the Dow's price, however, as the price decline shaved about 11 points off the Dow, which was rallying 173 points. Separately, Amazon.com Inc. was on track to pass Microsoft as the third largest digital ad platform in the U.S., according to eMarketer data. The blue-chip barometer's other tech members were mostly lower. Apple Inc.'s stock shed 1% to be the second-biggest loser, Cisco Systems Inc. shares slipped 0.5% and Intel Corp.'s stock eased 0.1%. The SPDR Technology Select Sector ETF slumped 0.7%, as 59 of 77 equity components declined.

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. Retail holiday sales to increase 5% to 5.6% this year: DeloitteСр., 19 сент.[−]

Deloitte is forecasting a 5% to 5.6% year-over-year increase in retail holiday sales this year, with spending expected to exceed $1.1 trillion between November and January, excluding motor vehicles and gasoline. E-commerce is expected to increase 17% to 22% this season versus last season, reaching $128 billion to $134 billion. Deloitte analysts attribute the increase to disposable income growth, a strong labor market, and high consumer confidence. Risks include the impact of Fed tightening and any changes in the stock market that could drive a deterioration in consumer confidence. Target Corp. has increased its seasonal hire by 20% to 120,000 in anticipation of the coming holiday season. Macy's Inc. and Michaels Cos. Inc. are among the other retailers that have already announced their seasonal hiring plans. The Amplify Online Retail ETF has gained 28% for 2018 so far. The SPDR S&P Retail ETF has rallied 14.4% for the period. And the S&P 500 index is up 8.8% for 2018 to date.

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. X Financial's stock rockets on its public debut, and keeps risingСр., 19 сент.[−]

Shares of X Financial soared in their public debut, with the first trade at $15 at 10:35 a.m. ET, or 58% above the initial public offering price of $9.50. The stock has rallied further since, and was recently up 99% at $18.93. The IPO of American Depositary Shares of the China-based tech-driven personal finance company priced overnight at $9.50, compared with the expected range of $9.00 to $11.00. Deutsche Bank and Morgan Stanley were joint underwriters of the offering. The stock went public at a time that the Renaissance IPO ETF has slipped 2.1% over the past three months and the S&P 500 has gained 5.3%.

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.


20. EIA reports fifth-straight weekly decline in U.S. crude suppliesСр., 19 сент.[−]

Oil prices continued to climb on Wednesday after the Energy Information Administration reported that domestic crude supplies fell by 2.1 million barrels for the week ended Sept. 14. The EIA had reported declines in each of the previous four weeks. Analysts surveyed by S&P Global Platts had forecast a fall of 3 million barrels, but the American Petroleum Institute on Tuesday reported an increase of 1.25 million barrels, according to sources. Gasoline stockpiles declined by 1.7 million barrels for the week, while distillate stockpiles climbed by 800,000 barrels, according to the EIA. The S&P Global Platts survey had shown expectations for a decrease of 1.6 million barrels in gasoline supplies, while distillates were forecast to fall by 282,000 barrels. October crude rose 79 cents, or 1.1%, to $70.64 a barrel on the New York Mercantile Exchange. That's up from $70.41 before the supply data.

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. Equal-weight S&P 500 ETF hits record for second straight sessionСр., 19 сент.[−]

An exchange-traded fund that tracks the S&P 500 but weights each of the index's components equally hit a record on Wednesday, in the latest sign that the market's uptrend has been fairly broad-based. The Invesco S&P 500 Equal Weight ETF rose 0.2% on Wednesday and was on track for its second straight record close. The fund is up 7% thus far this year, below the 8.7% rise of the unadjusted S&P 500 , where the influence of each individual component on the overall index is dictated by their market capitalization. The S&P overall has been supported in large part by the outperformance of large-cap technology and internet stocks, a group often referred to as the FAANG stocks. The concentration of those gains have had some investors concerned about market breadth, but the rally in the equal-weighted ETF suggests a good deal of the market is participating in the rally. Since the start of July, 10 of the 11 S&P 500 sectors are in positive territory. Recent gains in the market have come as investors shrug off signs of escalating tensions between the U.S. and China on trade policy, focusing instead on strong corporate profits and improving economic data. The Dow Jones Industrial Average rose 0.6% on Wednesday while the S&P rose 0.1%. The Nasdaq Composite Index fell 0.3%, pressured by weakness in tech stocks.

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. Tesla stock 0.4% higher; NYT reports Goldman, Silver Lake subpoenaedСр., 19 сент.[−]

Tesla Inc. rose 0.4% in early trading Wednesday, shaking off some of the previous session's weakness on news the Justice Department had opened an investigation into the "funding secured" going-private tweet by Chief Executive Elon Musk. The going-private saga also has been under a Securities and Exchange Commission probe. The New York Times reported late Tuesday Goldman Sachs and investment firm Silver Lake, hired to explore the taking-private deal, had both received subpoenas "demanding materials about their interactions with Tesla," citing two people briefed on the subpoenas. Tesla shares have lost 8% this year, versus advances of 9% and 7% for the S&p 500 index and the Dow Jones Industrial Average .

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. Goldman near deal to spin off 'Simon' app: WSJСр., 19 сент.[−]

Goldman Sachs Group Inc. is nearing a deal to spin off its "Simon" app, which sells investment productions to retail brokers, The Wall Street Journal reported on Wednesday. JPMorgan , Barclays , HSBC , Credit Suisse, Wells Fargo and insurer Prudential are in advanced talks with Goldman on buying stakes in the business, the paper reported. The deal under review values Simon at about $100 million and is expected to be finalized in the coming weeks. Goldman has started to open up its software to clients and rivals, licensing outs its trading and risk management system and spinning out internal chat rooms. Shares were up 1.6% Wednesday, but have fallen 9% in 2018, while the S&P 500 has gained 9%.

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. Amazon to become the third largest digital ad platform in the U.S.Ср., 19 сент.[−]

Amazon.com Inc. is poised to become the number three digital ad platform in the U.S., according to eMarketer data, moving past Oath and Microsoft Corp. . The top two platforms are Facebook Inc. and Alphabet Inc.'s Google. Facebook will capture 20.6% of the spend and Google, 37.1%. EMarketer estimates that Amazon's U.S. digital ad revenue will double this year, with advertisers spending $4.61 billion on the platform, equal to 4.1% of all digital ad spending in the country. Emarketer's previous forecast was for Amazon's digital ad business to surpass $2 billion for the first time this year. Amazon's ad business has been aided by its Prime program. Advertisers can use the data collected about consumers to better target its market. Amazon shares have jumped more than 64% for 2018 to date, while the S&P 500 index has gained 8.8% 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.


25. UPDATE: Tilray stock soars another 38%Ср., 19 сент.[−]

Shares of Canadian cannabis company Tilray Inc. soared another 38% Wednesday, extending their recent gains as excitement builds ahead of full legalization of marijuana in Canada on Oct. 17. The stock has gained almost 600% in the last month, swept up in a broader rally among weed stocks. Tilray Chief Executive Brendan Kennedy told CNBC late Tuesday that cannabis is a "great hedge" for alcohol and drug companies, which have been sniffing around the sector. Cronos Group Inc. was up 9% premarket and Canopy Growth Corp. was up 5%. S&P 500 futures were down slightly. The S&P 500 has gained about 2% in the last month, while the Dow Jones Industrial Average has gained 2.2%.

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.


26. G1 Therapeutics' stock drops on heavy volume after stock offeringСр., 19 сент.[−]

Shares of G1 Therapeutics Inc. dropped 8% in active morning trade Wednesday, after the biopharmaceutical company announced the pricing of its common stock offering at a discount. Trading volume topped 800,000 shares, compared with the full-day average of about 195,600 shares. The company said overnight that its 3 million share offering, which represents about 9% of the shares outstanding, at $60 a share, which was 4.7% below Tuesday's closing price of $62.94, to raise $180 million. Despite the decline, the stock has nearly tripled (up 192%) year to date, while the iShares Nasdaq Biotechnology ETF has gained 10% and the S&P 500 has climbed 8.7%.

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.


27. Stocks open with modest gains; Dow sees triple-digit riseСр., 19 сент.[−]

U.S. stocks opened flat to slightly higher Wednesday, a day after a rally that left major indexes near all-time highs as investors looked past rising U.S.-China trade tensions to remain focused on strong economic fundamentals. The S&P 500 rose 0.2% to 2,910.61, while the Dow Jones Industrial Average gained around 104 points to trade near 26,350, a gain of 0.4%. The Nasdaq Composite was up 0.2% at 7,970.27.

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. VF Corp. moving its global headquarters to DenverСр., 19 сент.[−]

VF Corp. has announced plans to move its global headquarters to downtown Denver from Greensboro, N.C. The headquarters will now house some leaders from VFC brands like The North Face and JanSport alongside the Global Innovation Center for Technical Fabrics and Digital Lab, with 800 people expected to work in the building over the next eight years. VFC signed a 12-year lease and will occupy a 10-story, 285,000 square-foot location. The building is LEED certified, a designation for sustainability. Renovations will take place next year to be completed in early 2020. VFC shares are up 24.4% for the year so far while the S&P 500 index has gained nearly 9% in 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.


29. Copart's stock tumbles after profit missСр., 19 сент.[−]

Shares of Copart Inc. tumbled 12% in premarket trade Wednesday, after the online vehicle auctions company reported a fiscal fourth-quarter profit that missed expectations. Net income for the quarter to July 31 rose to $109.7 million, or 45 cents a share, from $70.3 million, or 30 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to 42 cent, below the FactSet consensus of 48 cents. The company said results were hurt by abnormal costs of $79.7 million incurred because of Hurricane Harvey, including temporary storage facilities, premiums for subhaulers, overtime wages, lodging for reassigned employees and equipment lease expenses. Revenue increased to $449.2 million from $378.6 million, above the FactSet consensus of $448.6 million, as service revenue growth of 16% to $391.7 million missed the FactSet consensus of $397.2 million but the vehicle sales rise of 38% to $57.6 million topped expectations of $53.0 million. The stock had soared 48.6% year to date through Tuesday, while the S&P 500 has gained 8.6%.

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. Steel tube marker Zekelman Industries postpones planned IPOСр., 19 сент.[−]

Steel tube maker Zekelman Industries has postponed its planned initial public offering due to macroeconomic concerns, according to Renaissance Capital, a provider of institutional research and IPO-themed ETFs. The company had filed to raise $752 million by offering 41.8 million shares priced at $17 to $19 each. Chicago-based Zekelman was planning to list on the New York Stock Exchange under the ticker symbol "ZEK."

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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