Sat, Jul 12, 2014, 7:16 PM EDT - U.S. Markets closed


% | $
Quotes you view appear here for quick access.
Hot Stock Minute
  • Calm returned to Wall Street on Friday after Thursday’s drop. The Dow (^DJI) ended 29 points higher at 16,944. The Nasdaq (^IXIC) rose 19 points to close at 4,415 and the S&P 500 (^GSPC) finished 3 points higher at 1,968.

    Well Fargo (WFC) was the first of the big banks to report earnings. The nation's largest mortgage lender reported earnings in line with analysts’ estimates, while revenue came in slightly above expectations, thanks to a rise in loans and deposit growth. Shares of Wells Fargo ended the day 32 cents lower at $51.49.

    U.S. tobacco giants Reynolds American (RAI) and Lorillard (LO) confirmed they are in merger talks. Reynolds American fell 51 cents to close at $61.75 but Lorillard gained $2.92 and ended at $66.01.

    Shares of mortgage insurers came under pressure after the Federal Housing Finance Agency proposed new capital requirements. Radian Group (RDN) lost 78 cents to close at $13.77, Genworth Financials (GNW) ended 44 cents lower at $16.62 and MGIC Investment (MTG) fell

    Read More »from Stocks recover after Thursday's drop, ahead of bank earnings next week
  • At our core, Microsoft is the productivity and platform company for the mobile-first and cloud-first world.

    That is how Microsoft CEO Satya Nadella defined the company in a 3,100-word email to employees. Titled "Bold Ambition & Our Core,” Nadella wrote, “I consider the job before us to be bolder and more ambitious than anything we have ever done,” he wrote.

    “Move faster, more efficiently”

    Nadella said the company needs to work faster and more efficiently. No specific organizational changes or layoffs were mentioned, but he said senior management would reveal more in the coming weeks and he will discuss more changes when the company releases earnings on July 22.

    Yahoo Finance Senior Columnist Michael Santoli said those efficiencies will probably mean leaner business lines and faster-moving decision-making. “We’ll see what it means in terms of the head count there at Microsoft,” he said.

    Changing culture

    Restating the bold ambition theme in his email, Nadella wrote, “Our ambitions are

    Read More »from Will Microsoft's 'bold ambition' change its culture?
  • Here is a look at some of the stocks the Yahoo Finance team will be watching for you today

    Wells Fargo (WFC) kicked off bank earnings reports this morning. The nation's largest mortgage lender reported profits rose 3% from a year earlier with earnings of $1.01, which was right in line with analysts' estimates thanks to a rise in loans and deposit growth. Revenue beat expectations coming in at $21.1 billion, but slipped from a year ago. 

    Gap (GPS) shares were lower in early trading after the apparel retailer reported an unexpected 2% drop in same-store sales in June. However, sales at its lower-end Old Navy chain continued to be a bright spot, gaining 7% last month.

    Rent-A-Center (RCII) shares fell before the bell. The largest U.S. rent-to-own operator warned second-quarter earnings and revenue will be worse than analysts' estimates. The company pointed to soft demand, saying that "macro-economic pressures continue to burden our financially constrained customers.” In an effort to boost

    Read More »from Wells Fargo earnings meet, revenue beats; Tobacco stocks light-up; Rent-A-Center tumbles
  • Alibaba is reportedly ready to begin its IPO process. Tobacco giants Reynolds America and Lorillard confirm they are in merger talks. Microsoft CEO Satya Nadella writes letter to employees outlining the company's future.

    Alibaba is reportedly gearing up for its market debut. The Wall Street Journal reports China's e-commerce giant could begin the initial public offering process at the end of this month. The process typically takes two weeks from start to finish and means the IPO could happen around mid-August. Investors hope Yahoo (YHOO) will reveal how much of its 22.6% stake in Alibaba it will sell when it releases quarterly results on July 15th.

    Tobacco giants Reynolds American (RAI) and Lorillard (LO) have confirmed they are in merger talks. If Reynolds goes through with the long-rumored purchase of Lorillard, it would combine the number two and number three U.S. tobacco companies. British-based Imperial Tobacco Group already announced it's in talks to buy several brands from both

    Read More »from Alibaba 'roadshow' reportedly ready; Tobacco industry merger talks; Microsoft CEO's 'bold ambition'


(1,466 Stories)

About 'Hot Stock Minute'

Live from the NASDAQ MarketSite in Times Square, our video series "Hot Stock Minute" prepares you for the trading day with a look at what’s moving ahead of the opening bell. Looking to buy? Thinking of selling? Want to be sure you're happy with your holdings? Join Lauren Lyster as she sorts through the top business headlines and explains their impact on the markets. "Hot Stock Minute" begins at 8:30 a.m. ET weekdays.


  • Most Actives
    Most Actives
    SymbolPriceChange% Chg
  • % Gainers
    % Gainers
    SymbolPriceChange% Chg
  • % Losers
    % Losers
    SymbolPriceChange% Chg