Of best buy plummeting in the premarket down 30 after reporting u. S. Comps for the Holiday Season fell 0. 9 percent. Jcpenney cutting Underperforming Stores and cut 2,000 jobs to save 65 million a year. Citi results were short of estimates and goldman beats on earnings and revenue. And United Health Beat Estimates by one cent a share, increase in enrollments helping there and cms missed by one cent a share. Best buy tumbling after reporting u. S. Comps for the Holiday Season down 0. 9. Citing intense discounting by rivals and supply constraints for key products and significant declines in traffic and what it calls a disappointing mobile phone market. Best buy saying it sees Fourth Quarter operating margin coming in below yearago levels. We know what a high flier it was last year guys, but to lose a 30year value before the market and many millions of shares trading before the bell. This was a case we were joking about it, remember when one after another after another analyst was upgrad
There is much we do not know about yesterdays deadly Train Derailment but we know this. It was traveling at an extraordinary rated of speed, almost three times the limit as it approached a dangerous term. Several cars jumped the track leaving the scene of devastation. Four passengers were killed. Scores injured. Investigate orders are trying to figure out what went wrong and why. Jonathan martin has the latest. Reporter the question remains now was this caused by operator error or some sort of mechanical error on the brakes. We know from the ntsb, speed was a factor. Thats something that was reported early on by passengers and witnesses. Investigators with the National Transportation safety board say they now know the commuter train was going too fast as it approached a curve. The preliminary information let me emphasize this is preliminary information from the event recorders shows that the train was traveling at approximately 82 Miles Per Hour as it went into a 30mileanhour curve. In
The yield is up after the fed minutes suggest the hawks are a little bit restless and as for europe we continue to watch the death toll in ukraine. The eu does hold an emergency meeting today. It is facebooks largest ever acquisition by far, the social network whying messaging Service Whatsapp and Mark Zuckerberg said the deal came together in ten days and some of the details are beginning to fill in. Closing the deal over chocolatecovered strawberries but a lot of metrics being thrown around, david, 42 a user and questions of how quickly this company can grow. Yeah. Of course, the thought being at 450 million users perhaps they can get to a billion. It is considered a communications platform. It is not about advertising. It is about communications. It is a very Popular Platform in europe. The user interface is said to be very slick. Given that most of the 55 employees that work at this company are engineers. But, carl, you know, there are many people who might want to ven tture its 19
Can the troubled neighborhood Electronics Retailer reverse the trend in this ultracompetitive environment . All that and more tonight on nightly Business Report for tuesday, march 4th. Good evening, everyone. Russia retreats and wall street gets a massive relief rally. Investors bought up stocks after russian president putin pulled troops back from the border of ukraine, allaying worries about an imminent military showdown. The major averages surged 1. 5 or more, posting their biggest gains so far this year. Even setting a new record close for the s p 500. Now those skyhigh gains wiped out all of yesterdays losses and even russias stock market which lost 12 on monday rose more than 6 today. Heres a look at the closing numbers. 9 dow soared 227 points, the nasdaq ended at a fresh 14year high adding almost 75 points and the s p jumped 28 points to 1873. Thats a record high. Over the commodities markets, what was up yesterday was down today. Oil prices fell 1. 59 a barrel to 103. And gold
A sharp slide in sales. Can the troubled neighborhood Electronics Retailer reverse the trend in this ultracompetitive environment . All that and more tonight on nightly Business Report for tuesday, march 4th. Good evening, everyone. Russia retreats and wall street gets a massive relief rally. Investors bought up stocks after russian president putin pulled troops back from the border of ukraine, allaying worries about an imminent military showdown. The major averages surged 1. 5 or more, posting their biggest gains so far this year. Even setting a new record close for the s p 500. Now those skyhigh gains wiped out all of yesterdays losses and even russias stock market which lost 12 on monday rose more than 6 today. Heres a look at the closing numbers. 9 dow soared 227 points, the nasdaq ended at a fresh 14year high adding almost 75 points and the s p jumped 28 points to 1873. Thats a record high. Over the commodities markets, what was up yesterday was down today. Oil prices fell 1. 59 a