Standard & Poor’s 500 Index futures expiring in December rose 0.1 percent to 1,256.10.
Citigroup Inc. (C) lost 0.5 percent to $29.61. Chief Executive Officer Vikram Pandit said the third-biggest U.S. lender by assets will cut about 4,500 jobs in coming quarters as he seeks to trim costs amid slumping revenue. Citigroup will take a charge of about $400 million in the fourth quarter tied to the reductions, including severance.
Express Inc. (EXPR) slipped 2.7 percent to $21.20. The apparel retailer said shareholders intend to sell 16 million shares of its common stock in an underwritten offering.
Men’s Wearhouse Inc. (MW) gained 7.3 percent to $29.16. The retailer of men’s suits and attire raised its forecast for full-year earnings excluding some items to at least $2.28 a share, above the average analyst forecast in a Bloomberg survey.
Vera Bradley Inc. (VRA) fell 4.7 percent to $35.42. The seller of women’s fashion accessories forecast fourth-quarter profit of as little as 44 cents a share, below the average analyst estimate of 47 cents in a Bloomberg survey.
To contact the reporter on this story: Nikolaj Gammeltoft in New York at ngammeltoft@bloomberg.net.
To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net
| TIME | |||||
|---|---|---|---|---|---|
| Sydney | Tokyo | Ha Noi | HongKong | LonDon | NewYork |
| Prices By NTGOLD | ||
|---|---|---|
| We Sell | We Buy | |
| 37.5g ABC Luong Bar | ||
| 5,333.50 | 4,913.50 | |
| 1oz ABC Bullion Cast Bar | ||
| 4,426.80 | 4,026.80 | |
| 100g ABC Bullion Bar | ||
| 14,205.60 | 12,905.60 | |
| 1kg ABC Bullion Silver | ||
| 1,728.40 | 1,378.40 | |
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