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American Eagle Outfitters Inc. and J. Crew Group Inc. Tuesday offered hope for a holiday sales upturn. J. Crew reported sharply higher profit on a 14% sales increase for its fiscal third quarter. Pittsburgh-based American Eagle...
By JOAN E. SOLSMAN AND And KEVIN KINGSBURY D.R. Horton Inc.'s fiscal fourth-quarter loss narrowed sharply amid huge year-earlier write-downs as results were weaker than expected. But while orders at the No. 2 home builder in...
BY KEVIN KINGSBURY AND KATHY SHWIFF Long-term mutual funds had a net amount of buying by investors for the 35th straight week on continued strength for bond and hybrid funds, more than offsetting another drop in stock funds,...
DOW JONES NEWSWIRES Priceline.com Inc.'s (PCLN) third-quarter earnings nearly quadrupled amid a tax-related gain while bookings rose by one-third and results trumped the company's already-optimistic expectations. "Despite a...
DOW JONES NEWSWIRES Fannie Mae (FNM) posted a narrower third-quarter loss but reported $22 billion of credit-loss provisions and foreclosed-property costs as it continues to deal with spiking delinquency rates. The mortgage...
BY KEVIN KINGSBURY Standard & Poor's Ratings Services put triple-A-rated Berkshire Hathaway Inc. and various units on watch for downgrade a day after Warren Buffett's conglomerate announced plans to acquire the remaining 77% of...
BY KEVIN KINGSBURY Standard & Poor's Ratings Services put AAA-rated Berkshire Hathaway Inc. and various units on watch for downgrade a day after Warren Buffett's conglomerate announced plans to acquire the 77% of Burlington...
By KEVIN KINGSBURY Pulte Homes Inc.'s third-quarter loss widened due to costs related to its acquisition of Centex while orders jumped 35% from last year amid the deal. Shares rose 1.3% premarket to $9.35. The deal, which...
By KEVIN KINGSBURY Whitestone REIT announced plans to sell up to an estimated $50 million in stock through an initial public offering for property acquisition and other purposes. The filing is the latest in a sharp pickup in...
BY KEVIN KINGSBURY Johnson & Johnson announced plans to lay off as many as 8,400 employees world-wide as part of a push to save up to $1.7 billion in 2011. The New Brunswick, N.J., health-care giant said it would achieve the...
