Articles written by: Gazette Staff

Natural Gas Drops
Business

Natural Gas Drops

Natural gas prices were lower early on Friday following yet another big rise in U.S. inventories as moderate summer temperatures keeps power demand weak. Gas for September delivery was last seen down US$0.03 to US$2.10 per million British thermal units in Nymex electronic trade. Prices for the fuel have remained […]

Marriott Revises Full-Year Guidance
Stock Market

Marriott Revises Full-Year Guidance

Marriott International (MAR) revised its full-year guidance after markets closed on Monday as the high-end lodging provider reported lower-than-expected revenue in its fiscal second quarter and adjusted earnings that were in line. The Bethesda, MD.-based company reported revenue of $5.31 billion in the three months ended June 30, down 2% […]

Lufthansa Maintains Full-Year Guidance
Stock Market

Lufthansa Maintains Full-Year Guidance

German airline operator Lufthansa (LHA.FR) reiterated its full-year guidance on Tuesday as it posted worse-than-expected earnings in the fiscal second quarter, which were impacted by a price war in Germany and Austria on short-haul flights. The company reported revenue of 9.63 billion euros ($10.74 billion) in the second quarter. This […]

AT&T Maintains Full-Year Guidance
Business / Stock Market

AT&T Maintains Full-Year Guidance

AT&T (T) reiterated its full-year guidance on Wednesday as it posted fiscal second-quarter results that were about in line with analysts’ expectations as the telecommunications major’s acquisition of Time Warner bore fruit. The Dallas-based company reported revenue of $44.96 billion in the period, up 15% from the corresponding quarter of […]

Acacia Mining Shares Jump
Stock Market

Acacia Mining Shares Jump

Shares of Acacia Mining (ACA.L), which operates in Africa, jumped early on Friday after the company said it has reached an agreement on the terms of an improved offer from Canada’s Barrick Gold, which lifted its bid for the shares that it does not already own in its subsidiary to […]

Ireland’s CRH Agrees to Sell European Distribution Business
Business

Ireland’s CRH Agrees to Sell European Distribution Business

Ireland’s biggest firm CRH (CRH) said early Tuesday that it agreed to divest its European distribution business to private equity funds managed by the US-based Blackstone (BX) for an enterprise value of 1.64 billion euros ($1.85 billion) in cash. The decision follows a “comprehensive strategic” review by the Dublin-based building […]

Business

S&P 500 Posts 0.4% Increase as Energy, Technology Lead to Upside While Materials Stocks Weigh

The Standard & Poor’s 500 index edged up 0.4% this week as the energy, technology and financial sectors led to the upside but the advance was limited by declines in other sectors including materials. The index ended the week at 2,803.69, up from last Friday’s closing level of 2,792.67. This […]

Business

US Stocks Post Modest Advance Friday; Dow Weekly Winning Streak Ends

Major market indexes closed higher, ending the week on a positive note in the face of some negative economic data on manufacturing and consumer sentiment that was released on Friday. The Nasdaq Composite Index led the market’s widely followed gauges higher, followed by the S&P 500. The energy and health […]