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Global stock markets, oil price turn lower
2016-02-19 16:58:31| Industrial Machines - Topix.net
U.S. stocks are opening lower as another drop in the price of oil and some weak corporate earnings got trading off to a gloomy start.
Chorus to resume dividends thanks to copper price hike
2016-02-19 11:31:00| Telecompaper Headlines
(Telecompaper) New Zealand wholesale operator Chorus reported financial results for the six months ended 31 December 2015 down sharply on the prior period because of lower regulated copper prices since December 2014. Net profit fell to NZD 33 million from NZD 64 million for the same period in the prior year, and EBITDA dropped to NZD 275 million from NZD 321 million. Operating revenues totaled NZD 479 million and operating expenses NZD 204 million. The conclusion of the recent copper pricing review, resulting in an increase in wholesale prices, means Chorus can begin paying dividends to shareholders for the first time since late 2013, the company said. For the financial year 2016, Chorus expects to pay a dividend of 20 cents per share. An interim dividend of 8 cents per share will be paid on 5 April.
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Barclays Boosts Boyd Gaming Co. (BYD) Price Target to $21.00
2016-02-19 06:15:01| Trucking - Topix.net
The firm presently has an "equal weight" rating on the stock. Barclays' price objective points to a potential upside of 23.02% from the company's previous close.
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gaming
boyd
Terex Co. (TEX) Stock Price Up 5.7% Following Analyst Upgrade
2016-02-19 04:20:15| Industrial Machines - Topix.net
Terex Co. traded up 5.7% during mid-day trading on Thursday after Deutsche Bank raised their price target on the stock from $20.00 to $23.00, MarketBeat.Com reports.
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stock
upgrade
analyst
Gibraltar Industries Inc (ROCK) Stock Price Up 29% on Earnings Beat
2016-02-19 03:20:36| Steel - Topix.net
Gibraltar Industries Inc traded up 29% during trading on Thursday following a stronger than expected earnings report, Market Beat Ratings reports. The stock traded as high as $26.99 and last traded at $25.96, with a volume of 637,769 shares traded.
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