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WallStreet

S&P 500, Dow slip as focus turns to tech earnings
Markets

S&P 500, Dow slip as focus turns to tech earnings

  • Kansas City surges on $30 bln bid from Canadian National.
  • Nike falls as Citi moves to sidelines.
  • Tobacco cos fall on report over US plan to limit nicotine.
  • Indexes: Dow down 0.33%, S&P falls 0.15%, Nasdaq up 0.02%.
Published 20 Apr, 2021 08:16pm
Kansas City revenue falls 3.5pc as COVID-19 hits volumes
Business & Finance

Kansas City revenue falls 3.5pc as COVID-19 hits volumes

  • The company's net income rose to $153.4 million, or $1.68 per share, in the first quarter ended March 31, from $152.3 million, or $1.58 per share, a year earlier.
  • Operating ratio, a key metric for Wall Street, rose to 64.2% from 60.5% a year earlier. A lower operating ratio signals improved profitability.
Published 16 Apr, 2021 05:07pm
Dell shares rise on plans to spin off top-performing VMware unit
Markets

Dell shares rise on plans to spin off top-performing VMware unit

  • The spinoff of its 81% stake in VMware, first proposed in a filing last July, would also help Dell lower its long-term debt of $41.62 billion, much of which was taken on during its 2016 acquisition of data management firm EMC.
  • Wall street analysts saw benefits in the spinoff, but some also raised long-term concerns about company's core business.
Published 15 Apr, 2021 07:43pm
Stocks hesitate but Toshiba news boosts London
Markets

Stocks hesitate but Toshiba news boosts London

  • Elsewhere, JPMorgan Chase gained 1.6 percent after Chief Executive Jamie Dimon predicted the US economy would see a "likely boom," potentially through 2023, following a flood of fiscal support.
Published 08 Apr, 2021 10:33am