Live Rates Powered By:
AUDUSD
NZDUSD
EURUSD
GBPUSD
USDJPY
USDCAD

Citigroup, Express, Men’s Wearhouse, Vera Bradley: U.S. Equity Preview
2011-12-07 10:26:08

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
5,353.004,933.00
1oz ABC Bullion Cast Bar
4,448.004,048.00
100g ABC Bullion Bar
14,217.5012,967.50
1kg ABC Bullion Silver
1,695.501,345.50
Slideshow
 
© 2011 Copyright By Ngoc Thanh NTGold. All Rights Reserved.
Powered by: Ngoc Thanh NTGold
 
  • Online: 87
  • Today: 1875
  • Total: 4729662