Sears Holdings SHLD , the department store operator, posted a quarterly loss Thursday of $498 million, or $4.70 a share, on revenue of $8.86 billion, wider than its year-earlier loss of $421 million, or $3.95 a share, on revenue of $9.41 billion. Christmas Wars: Amazon vs. Wal-Mart
Gap GPS hiked its full-year earnings outlook after reporting a jump in third-quarter profit and and increase in Gap North America same-store sales. Gap shares rose 5.83% to $35.20 in premarket trading Friday.
Foot Locker FL , the athletic footwear and apparel retailer, posted third-quarter adjusted earnings of 63 cents a share on revenue of $1.52 billion. Analysts called for a profit of 54 cents a share in the October-ended period on revenue of $1.47 billion. Shares rose 6.75% to $34 in premarket trading.
J.M. Smucker SJM posted fiscal second-quarter adjusted earnings of $1.45 a share on sales of $1.63 billion.; analysts were calling for earnings of $1.41 a share. Smucker shares were unchanged in premarket trading at $85.38.
Schiff Nutrition International SHF received a buyout bid Thursday of $1.4 billion from Reckitt Benckiser. The bid of $42 a share tops a bid of $34 a share that Schiff, the vitamin maker, received from Bayer on Oct. 30. Schiff shares closed Thursday at $33.92.
Google GOOG has held talks with Dish Network DISH in recent weeks to partner on a new wireless service that would rival the networks of wireless carriers such as AT&T and Verizon Wireless, according to people familiar with the discussions, The Wall Street Journal reported. The talks between Dish and Google aren't advanced and could amount to nothing, one of the people told the newspaper.
Bluegreen BXG shares rose 67% in premarket trading to $9.67 after the company entered a new cash merger agreement with BFC Financial.
Dyanavax DVAX shares plummeted 57% to $1.99 Friday after its Hepatitis vaccine Heplisav didn't get approval from a Food and Drug Administration panel for safety.
Starbucks SBUX on Thursday announced that its board approved an authorization to repurchase an additional 25 million common shares, which comes on top of the 12.1 million shares left on the coffee giant's previous buyback. The stock was down 0.04% to $48.41 in premarket trading Friday. Burned by TEA? Blame 'Efficient' Market, Not Starbucks
Nike NKE declared a two-for-one stock split on Thursday, and a post-split quarterly dividend of 21 cents a share, an increase of 17%.
-- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: firstname.lastname@example.org.
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