Monthly Archive:: August 2012

U.S. Resale Data Strong

U.S. home resales rose in July, helped by low interest rates and increased hiring although the data still pointed to a slow recovery in housing that will provide only slight support for the economy. Sales of previously owned homes rose 2.3 percent to an annual rate of 4.47 million units, the National

Wal-Mart Net Rises 5.7% on Strong International Sales

Wal-Mart Stores Inc.’s (WMT) fiscal second-quarter earnings rose 5.7% on strong international sales and same-store-sales growth in the U.S., but the retailer continues to see tough economic conditions. Wal-Mart also raised and narrowed its estimate for full-year earnings from continuing operations to between $4.83 and $4.93 a share from its February forecast

U.S. Jobless Claims Up by 2,000 Last Week

The number of U.S. workers filing applications for jobless benefits rose last week, though the overall trend for claims suggests that the labor market has improved slightly since early this summer. Initial jobless claims, an indication of layoffs, increased by 2,000 to a seasonally adjusted 366,000 in the week ended Aug. 11,

Market News: Cisco, Electronic Arts, NetApp, Dollar Tree…

Cisco Systems Inc. reported a jump in quarterly profit and said it would pay a bigger dividend, continuing the networking-equipment giant’s transformation from a fast-growing upstart to a more mature company. Shares climbed 7.2% to $18.62 in premarket trade. PetSmart’s shares surged after the retailer turned in a better-than-expected profit for its