U.S. Stocks Waver as Retailers Rise and Tech Companies Slip


U.S. Stocks Waver as Retailers Rise and Tech Companies Slip
  1. U.S. Stocks Waver as Retailers Rise and Tech Companies Slip
    hamodia.com
    U.S. stock indexes are hardly budging Wednesday as banks and technology companies give back some of their gains from earlier in the week while retailers and energy companies trade higher.… Read more » The post U.S. Stocks Waver as Retailers Rise and Tech Companies Slip appeared first on Hamodia. In related news: Stocks Slide Again as Retailers And Tech Companies Slip Stocks End Higher as Retailers And Smaller Companies Rise U.S. Stocks Slip as Energy and Tech Companies…
    Business
(AP Photo/Mark Lennihan, File)

NEW YORK (AP) - U.S. stock indexes are hardly budging Wednesday as banks and technology companies give back some of their gains from earlier in the week while retailers and energy companies trade higher. Apple continues to take small losses as investors contemplate its new lineup of iPhones and other products. Target said it will hire far more workers for the end-of-year season this year, which has investors hoping for a strong end-of-year shopping period.

KEEPING SCORE: The Standard & Poor’s 500 index held steady at 2,496 as of 11:15 a.m. Eastern time. The Dow Jones industrial average gained 6 points to 22,125. The Nasdaq composite lost 1 point to 6,452. The Russell 2000 index of smaller-company stocks gained 4 points, or 0.3 percent, to 1,427.

The S&P 500, Dow and Nasdaq all closed at record highs Tuesday.

ON SALE? Department store chain Nordstrom climbed after CNBC reported that the Nordstrom family is close to a deal to take the company private. The stock has risen over the last three months following talk that descendants of co-founder John Nordstrom might buy the 70 percent of the company they don’t already own. Several of the company’s top executives are Nordstrom family members. The stock gained $2.34, or 5.2 percent, to $47.39.

IF THEY CAN MAKE IT THERE: Medicaid coverage provider Centene said it will expand into New York through a $3.75 billion acquisition of Fidelis Care. Its stock jumped $5.42, or 6 percent, to $96.30. Centene focuses most of its business on the state and federal Medicaid programs, but it has also expanded into several states over the past year through the Affordable Care Act’s exchanges.

JILTED: Hard drive maker Western Digital slumped $4.71, or 5.3 percent, to $84.07 after its partner Toshiba said it will sell its computer memory business to a consortium led by Bain Capital Private Equity. Western Digital wants to buy that business and has filed a lawsuit to stop Toshiba from selling that business to anyone else. Toshiba has said it needs to sell the division to help offset losses by its Westinghouse Electric nuclear business, which filed for bankruptcy protection in March.

STAY ON TARGET: Target said it plans to hire 100,000 workers for the end of the year. That’s 40 percent more than it hired a year ago. Its stock climbed $1.55, or 2.7 percent, to $59.44 and other retailers also advanced. Electronics seller Best Buy rose $1.58, or 2.8 percent, to $58.37 and clothing retailer Gap gained 45 cents, or 1.6 percent, to $28.06. Video game seller GameStop increased 34 cents, or 1.7 percent, to $19.87 and Amazon.com rose $6.59 to $989.17.

APPLE: Apple fell $1.97, or 1.2 percent, to $158.89. Investors appeared worried about the high price tag of the tenth-anniversary iPhone X as well as its later sales date. The phone won’t be available until early November, which could affect Apple’s revenue in the next few…

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  1. Emaar Properties to develop 10 million sq ft waterfront residences and hotel project in Dubai Harbour

    Al-press.com - Business
    09.21 / 22:08 al-press.com
    Emaar Properties today announced that it will develop about 10 million sq ft of waterfront residences and a brand-new hotel project at Dubai Harbour, the 20 million sq ft destination developed by Meraas. Dubai Harbour was launched earlier this year by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai. Read More…
  2. The UAE’s Entrepreneurial Economy Discussed at Sharjah FDI 2017

    Al-press.com - Business
    09.21 / 22:08 al-press.com
    Sharjah FDI 2017 wrapped up its agenda yesterday (Wednesday) with panel discussions on business startups and the economy and an interview on the UAE’s forthcoming Value Added Tax (VAT) imposition. Themed ‘The Fourth Industrial Revolution,’ the two-day global investment forum was held under the patronage of His Highness Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member Ruler of Sharjah. Read More …
  3. Sheikh Mohammed bin Rashid Launches New Initiatives and Five Sustainable Policies at Year of Giving Higher Committee Mee

    Al-press.com - Business
    09.21 / 22:08 al-press.com
    UAE Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum today chaired a meeting of the Year of Giving Higher Committee to follow up on the progress of the Year of Giving. His Highness also approved of ten new initiatives and work policies in order to cement the UAE’s role as a philanthropic leader in the region through a sustainable framework that integrates both private and public sector institutions. Read More …
  4. IMDAAD TO LAUNCH FIRST “WORK SERIES” AT FM EXPO 2017

    Al-press.com - Business
    09.21 / 22:08 al-press.com
    Imdaad, the Dubai based award-winning integrated facilities management company, will be launching the first “Imdaad Work Series” at FM Expo, Middle East’s largest dedicated FM show. From 25 to 27 September at the Dubai World Trade Centre, the Imdaad Work Series will provide unique insights on facilities management and the disruptors behind the rapid transformation of this booming industry.  Read More …
  5. Dubai to Get Solar Power Day and Night Without Subsidy at Lower Cost than Gas-fired Electricity

    Al-press.com - Business
    09.21 / 22:08 al-press.com
    An ACWA Power led consortium has been awarded the fourth phase of the Mohammed Bin Rashid Al Maktoum Solar Park, by far the largest single-site CSP plant in the world, which will provide reliable and dispatchable electricity to the emirate during the day and throughout the night just as a fossil fuel power plant does. With a capacity of 700 MW, the project has set a new global record for the lowest levelised cost for renewable base load electricity at USD 7.3 cents per kilowatt hour in an…
  6. IMF official briefed on economic developments in Jordan

    En.ammonnews.net - Business
    09.21 / 21:48 en.ammonnews.net
    AMMONNEWS - Director of the Middle East and Central Asia Department of the International Monetary Fund, Jihad Azour, said that he had reviewed with the prime minister, the minister of finance and the governor of the Central Bank of Jordan economic developments and growth prospects.Azour told…
  7. Ramallah start-up uses algorithms to predict Mideast conflict

    Themedialine.org - Business
    09.21 / 18:03 themedialine.org
    Allows users to avoid conflict zones Ramallah-based RedCrow […] The post Ramallah start-up uses algorithms to predict Mideast conflict appeared first on The Media…
  8. BADIR: United Towards a Brighter, Shared Future

    Venturemagazine.me - Business
    09.21 / 17:07 venturemagazine.me
    Launched in 2011 with the shared goal of capitalizing on the Kingdom’s wealth of innovative ideas from its creative youth population, Starbucks’ BADIR social entrepreneurship support program has proudly established an exemplary model of beneficial partnerships and their power to... The post BADIR: United Towards a Brighter, Shared Future appeared first on Venture Mag…
  9. Demand for residential real estate regresses in first quarter of 2016

    Iloubnan.info - Business
    09.21 / 17:03 iloubnan.info
    Demand for residential real estate in Lebanon contracted in the first quarter of 2016, as reflected by the results of the Byblos Bank Real Estate Demand Index. Byblos Bank's Lebanon This Week reported that the Index averaged…
  10. Lebanon gross public debt at $72bn at end-April 2016

    Iloubnan.info - Business
    09.21 / 17:03 iloubnan.info
    Lebanon's gross public debt reached $71.7bn at the end of April 2016, constituting an increase of 1.9% from $70.3bn at end-2015 and a rise of 3.1% from $69.5bn at the end of April 2015, Byblos Bank's Lebanon This Week…
  11. Beirut airport passengers up 7% in first five months of 2016

    Iloubnan.info - Business
    09.21 / 17:03 iloubnan.info
    Figures released by the Hariri International Airport (HIA) show that the number of airport passengers (arrivals, departures, transit) totaled 2,700,119 in the first five months of 2016, constituting an increase of 7.2% from…
  12. Coincident Indicator up 6% year-on-year in first four months of 2016

    Iloubnan.info - Business
    09.21 / 17:03 iloubnan.info
    The Central Bank's Coincident Indicator, an index of economic activity in Lebanon, reached 297.6 points in April 2016 compared to 296.1 in March 2016 and 288.2 in April 2015, Byblos Bank's Lebanon This Week…
  13. Prices of stock under construction in Beirut by neighborhood in 2016

    Iloubnan.info - Business
    09.21 / 17:03 iloubnan.info
    Real estate advisory firm RAMCO reveals that the average sales prices of apartments under construction in different neighborhoods of Beirut vary between USD 2,148 and USD 8,500 per SQM on the first floor. These are asking…
  14. Dollar Slips Back against Euro after Fed-Fueled Gains

    Naharnet.com - Business
    09.21 / 16:03 naharnet.com
    The dollar fell back against the euro Thursday but firmed against the yen, as markets assessed the Federal Reserve's outlook for U.S. interest…
  15. Gulf Companies looking to Participate in Iraq Reconstruction

    Iraq-businessnews.com - Business
    09.21 / 10:18 iraq-businessnews.com
    An official in the Arabian Gulf has stated that construction companies and others in the Gulf Cooperation Council (GCC) look forward to participating in reconstruction projects in Iraq, stressing that it has the potential to qualify for this role. Abdul Rahim Naqi, secretary-general of the Council of Chambers of the Gulf Cooperation Council (GCC) stated…
  16. Military Strikes Continue Against ISIS Terrorists in Syria, Iraq

    Iraq-businessnews.com - Business
    09.21 / 10:06 iraq-businessnews.com
    U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Tuesday, conducting 44 strikes consisting of 50 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Near Raqqa,…
  17. What Int’l Media are Saying about Kurdish Independence

    Iraq-businessnews.com - Business
    09.21 / 10:06 iraq-businessnews.com
    This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan is in the spotlight and the international media are reporting on the upcoming independence referendum, far and wide. But a focus on international opposition, means that important context …
  18. Central Bank runs course on Combating Money Laundering

    Iraq-businessnews.com - Business
    09.21 / 10:06 iraq-businessnews.com
    By John Lee. The Central Bank of Iraq (CBI) has organized a course on combating money laundering, terrorism financing, compliance and risk management. The course was held from 17th to 20th September at the Central Bank building, under the supervision of the banking studies center. Sixty-one employees from government, private banks and money transfer companies…
  19. Range Energy gives Shewashan Operations Update

    Iraq-businessnews.com - Business
    09.21 / 10:06 iraq-businessnews.com
    Range Energy Resources has announced that Gas Plus Khalakan (GPK), the sole contractor of the Khalakan PSC in the Kurdistan Region of Iraq, issued an operations update regarding the Shewashan field. Shewashan #4: The 4th well drilled on the Shewashan field, Shewashan #4, has been completed as a deviated producer in the Qamchuqa reservoir formation…
  20. Gazprom’s Largest Ever Maritime Shipment – from Badra

    Iraq-businessnews.com - Business
    09.21 / 10:06 iraq-businessnews.com
    Gazprom Neft Badra, operator of the Badra field, has undertaken the largest ever maritime shipment of oil for export in the company’s history, with 1.78 million barrels of hydrocarbons being despatched for the United States in the New Solution crude oil tanker. This is, to date, the second oil consignment to the American market by […