Sonic Corp (SONC) projected its fourth-quarter 2016 earnings below analyst forecasts because of slower customer spending at its restaurants. The stock has been sinking since September 24.
American Apparel Inc is expected to close out this calendar year with less than $350 million in revenue. The bulk of knit fabric operations may relocate from California to North Carolina, South Carolina or Tennessee – where the minimum hourly wage is $7.25. California’s minimum hourly wage is projected to rise to $15 by 2020.
German Deutsche Bank AG (DB) plunged as much as 7% in Europe on Monday, the lowest since shares began trading on the New York Stock Exchange in 2001.
Lockheed Martin Corporation (LMT) raised quarterly dividend 10.30% to $1.82, to be paid on October 29, 2016.
Internationally the so-called “economic freedom correlation” is pointing to reverse tendencies whereby Japan’s Nikkei Index has been sluggish while the U.S. stock market continues to rise. Income per capita is reliant on economic freedom as well.
Microsoft Corp (MSFT) opened up 0.38% or 22 cents to $57.98 after the technology company declared 8.3% increase in quarterly dividend to 39 cents a share, payable on December 8, 2016.
Sony Corp (SNE) is teaming up with China’s Dalian Wanda Group Co Ltd, the ambitious owner of the world’s largest group of film theaters, in relation to film financing and marketing.
International expansion continues to make sense at global corporations by means of diversifying from domestic longer-term volatility or managing either too pricy or downwardly equity and other assets spreads. General Electric International Inc (GE) for instance is going to invest approximately $10 billion in Argentina over the next decade.
Among stocks to watch, Goodyear Tire & Rubber Co (GT) gained 0.50% to $32.42 after the vehicle tires global manufacturer declared a 43% increase of its quarterly dividend to 10 cents a share, to be paid on December 1. Wireless carrier China Mobile Ltd (CHL) raised its semi-annual dividend 24% to 96 cents a share, to be paid on October 11.
Samsung Electronics Co Ltd (005930:KS) begins recalling all defected smart phones, model Galaxy Note 7 in what is a one-million-customers and additionally advertising campaign of the technology giant in the United States.
Broadcom Ltd (AVGO) shares more than doubled in two years, and the telecom equipment provider based in Singapore reckoned sales from wireless components over 25% just last quarter winning from partner Apple Inc (AAPL) among other original smart phone brands.
The S&P 500 index has advanced 5.05% while the CBOE Market Volatility index dropped 7.69% year to date through September 15.
U.S. inflation as measured by the consumer price index remained muted in August further pushing back the likelihood that Federal Reserve will raise interest rates by year end, held by elections in November.