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Markets stumble as oil dips below $50

2015-01-05 21:56:59| Oil & Gas - Topix.net

U.S. stocks are opening the year on a strong note, but energy stocks slipped as the price of crude oil res... NEW YORK - Financial markets are starting the year with a stumble in stocks, oil and the euro. A plunge in the price of crude is hitting energy companies and leaving investors fearful that the selling will spread to other industries, dragging down indexes from their latest all-time highs reached a week ago.

Tags: below oil markets stumble

Buffett's Backup Stock Pickers Stumble as GM, Energy Bets Fall

2014-12-20 17:15:51| Industrial Machines - Topix.net

At least half a dozen stocks that Ted Weschler and Todd Combs probably picked for Berkshire Hathaway Inc.'s portfolio are poised to end the year lower than where they started. They include energy companies that have slumped with oil prices; automaker General Motors Co., which has struggled with recalls; and Chicago Bridge & Iron Co., an engineering and construction firm that's down more than 50 percent since Dec. 31. "It appears, on first glance, that Todd and Ted have underperformed the S&P 500 this year," said David Kass, a professor at the University of Maryland's Robert H. Smith School of Business who has studied Berkshire's portfolio.

Tags: stock fall energy backup

Deckers shares stumble as shopping season takes off

2014-10-25 13:17:13| Footwear - Topix.net

The Goleta-based owner of Ugg, Teva, Simple, Sanuk and other popular footwear brands is a bit of a bellwether for holiday shopping and the overall retail climate. In a modestly up day for the markets, Goleta-based Deckers Brands was trading lower on Oct. 24 after its earnings projections for the third quarter, which includes holiday shopping, came in below Wall Street expectations.

Tags: off shopping takes season