NST Online Business Times : latest

Posted: 15 Feb 2013 06:06 PM PST

NEW YORK: A sharp fall in shares of the world's largest retailer Walmart pulled stocks lower Friday, though more steep losses were averted by a late-in-the-day rebound.

At the closing bell, the broad-based S&P 500 was down 1.59 points (0.10 per cent) to 1,519.79.

The Dow Jones Industrial Average added 8.37 points (0.06 per cent) at 13,981.76, while the tech-rich Nasdaq Composite slid 6.63 points (0.21 per cent) to 3,192.03.

Walmart shares lost 2.2 per cent to $69.30 after a news report cited company documents saying the company's sales so far in February were a "total disaster."

Earlier, the shares plunged more than three per cent after the Bloomberg report cited parts of internal emails blaming the rise in payroll taxes for the worst start in seven years for February sales.

Energy company Apache fell 4.3 per cent after its scaled back growth forecasts disappointed investors.

Blackberry shares sank 6.1 per cent, taking its loss for the week to more than 14 per cent, as enthusiasm for its new phones and operating system waned amid more signs it faces an uphill battle to build smartphone market share.

Shares of Carnival Corp. lost another 1.2 per cent, taking a loss after a week that proved a public relations disaster to 5.4 per cent.

The cruise ship operator's Carnival Triumph vessel was finally towed back to port late Thursday after being adrift in the Caribbean without power for five days.

CBS Corp. jumped 4.0 per cent after reporting record results and announcing a $1 billion accelerated share repurchase plan.

Herbalife finished up 1.2 per cent after an early surge following news that corporate raider Carl Icahn had accumulated a nearly 13 per cent stake in the company. -- AFP

Kredit: www.nst.com.my

Jumaat, 15 Februari 2013

NST Online Business Times : latest

NST Online Business Times : latest

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