- DJIA 12,822.41 (-26.95; -0.21%)
- S&P500 1,388.06 (-2.27; -0.16%)
- NASDAQ 2,408.04 (+5.07; +0.21%)
- 10YR-TBOND 3.712% (-0.031)
- 52-WEEK LOWS
Arch Coal, Inc. (NYSE: ACI) nearly tripled earning from first quarter 2007, posting earnings of $81.1 million and $0.56 EPS. They also upped their outlook and guidance. Shares were up over 6% in the final minutes of trading at $62.13.
Bank of America Corporation (NYSE: BAC) missed its earnings targets and disclosed more data the market took as bad news. The good news is that it didn't get worse considering this was what many headlines blamed for the stock market being down. Shares were down almost 3% at $37.45 in the final minutes of the day.
Mattel, Inc. (NYSE: MAT) showed a first-quarter loss of $46.6 million, for a loss of $0.13 per share. The largest toymaker said it will raise toy prices this year. Cost increases and legal matters also accounted for the loss. Shares were down almost 8% at $20.07 at the end of the day.
National City Corporation (NYSE: NCC) secured $7 billion in financing to keep it afloat after taking huge hits in the subprime crisis, but we noted that this was takeunder financing at a steeper than steep discount. A loss of $171 million and dividends cuts sent the stock sinking. Shares were down 28% at $5.99 in the final minutes of trading.
Packeteer Inc. (NASDAQ: PKTR), the internet traffic manager, is to be purchased for $268 million cash by Blue Coat at $7.10 per share. Packeteer rejected a $200.8 bid from Elliot Associates earlier this year. Shares were up almost 13% at the end of the day.
Struggling Playboy outsources business ops
J. Crew earnings preview: A strong Q3 all buttoned up?
Twitter to make acquisitions, generate revenue in 2010
