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Trader's Blog
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Today's News
ING US 1Q loss narrows
1 hour, 15 minutes ago
The financial services company ING U.S. Inc. said Thursday that its first-quarter loss narrowed, helped by better results at its retirement and annuities businesses. Excluding certain items, the company said it posted an adjusted profit of 73 cents per share for the recent quarter. Pretax operating earnings rose 11 percent at the retirement business to $137.8 million and jumped 49 percent to $54.3 million at its annuities business.
AP Top Extended Financial Headlines At 1 p.m. EDT
1 hour, 13 minutes ago
US stocks turn mixed as investors consider Fed fears overdone; Dow recoups a big early loss US new home sales rise 2.3 percent in April while median home prices hit record high
AP Top Financial News At 1 p.m. EDT
1 hour, 15 minutes ago
Stocks mixed as investors reassess Fed worries Applications for US unemployment aid fall to 340K US new home sales up 2.3 percent in April
Bon-Ton's 1st-quarter loss beats expectations
1 hour, 17 minutes ago
The Bon-Ton Stores Inc. narrowed its fiscal first-quarter loss on fewer markdowns and improved revenue at its chain of department stores. The quarter's results came in ahead of market expectations and the company reaffirmed its full-year outlook, sending its shares up in trading Thursday. The company posted a loss of $26.6 million, or $1.41 per share, for the quarter that ended May 4. That is compared with a loss of $40.8 million, or $2.23 per share, in the same quarter last year. Its total revenue increased to $661.9 million from $654.3 million.
