Shares of Big Lots are climbing on Friday after the close-out retailer reported a better-than-expected adjust profit for the fourth quarter. Big Lots reported earnings of $1.45 a share, excluding items, beating analyst expectations for earnings of $1.40 a share, according to Thomson Reuters. Results were boosted by a smaller-than-expected loss from winding down its Canadian operations. Big Lots announced in December that it decided to exit the unprofitable Canadian market.
What winter weather? Shares of Big Lots are climbing on Friday after the close-out retailer reported a better-than-expected adjust profit for the fourth quarter.
Industry watcher Frank Dell says both Kroger and Cerberus Capital Management need to make note of significant changes happening within the supermarket industry and increasing competition.
United Airlines is going to be enforcing its carry-on baggage size restrictions more strictly. The airline says bags will be more carefully reviewed at the security checkpoint and at gates prior to boarding. Any passengers with carry-on bags that exceed 9 inches by 14 inches by 22 inches will be forced to return to the ticket counter to pay United's $25 checked bag fee. The stricter enforcement prompts speculation that United is trying to collect more revenue through checked bag fees.
United Airlines will enforce its carry-on baggage size restrictions more strictly, prompting speculation United is trying to collect more revenue through checked bag fees.
RealMoney Pro contributor Chris Versace details why he expects cotton prices to fall even further and what companies stand to benefit as a result.
Facebook is said to be in talks to buy drone maker Titan Aerospace for $60 million, which would give Facebook the ability to give wireless Internet access to underdeveloped countries.
Dish Network has reached a milestone agreement with Walt Disney that will allow the company to stream Disney, ABC and ESPN shows over the Internet. The companies signed a multi-year deal that will allow Dish customers to access Disney shows over a variety of Internet-connected devices. The companies said the deal will put an end to all pending litigation over Dish offerings like AutoHop, which allows customers to skip commercials during recorded shows. Financial terms were not disclosed.
Dish Network has reached a milestone agreement with Walt Disney that will allow the company to stream Disney, ABC and ESPN shows over the Internet.
Gold prices are climbing on Monday as tensions in Ukraine drive demand for safe assets. Spot gold climbed 1.9% to $1,350.80 an ounce, its highest level since October 30, while silver rose 1.6% to $21.51 an ounce. This, after the White House said the Group of Seven industrialized nations spoke out against Russia's actions against Ukraine and suspended plans for the G8 Summit, which was set to take place in Sochi in June. Meanwhile, the escalating conflict also drove up crude oil prices.