• Fox CEO James Murdoch slams Trump and hate groups, pledges $1 million to ADL August 18, 2017
    21st Century Fox Chief Executive James Murdoch, the son of Rupert Murdoch, denounced the white supremacist violence in Charlottesville, Va., and President Donald Trump's response to it in an email obtained and published late Thursday by the New York Times. Murdoch also said he will donate $1 million to the Anti-Defamation League, and encouraged others t […]
  • Chris Wanstrath stepping down as GitHub CEO: report August 18, 2017
    Chris Wanstrath will step down as chief executive of GitHub, the developer platform startup, according to a report late Thursday. Wanstrath, who co-founded San Francisco-based GitHub, will remain as CEO until a new one is hired, Forbes reported. He will then become the company's executive chairman. GitHub says it has about 20 million users and has passe […]
  • Energy Capital Partners nears $17 billion deal to buy Calpine: report August 17, 2017
    Calpine Corp. shares shot up more than 9% in after-hours trading late Thursday after a Wall Street Journal report that Energy Capital Partners is closing in on a $17 billion deal to acquire it. Energy Capital, a private-equity firm specializing in energy infrastructure, would pay $15.25 a share for the power-generating company, sources told the Journal, whic […]
  • Blackstone to acquire Harvest Fund Advisors August 17, 2017
    Blackstone Group LP said late Thursday it agreed to acquire Harvest Fund Advisors LLC for an undisclosed sum. Harvest Fund, which manages more than $10 billion in assets, invests capital from institutional investors into separately managed accounts or pooled vehicles, Blackstone said. Blackstone said it expects the acquisition to close in the fourth quarter. […]
  • Dillard's raises dividend to 10 cents a share August 17, 2017
    Dillard's Inc. said late Thursday its board of directors declared a cash dividend of 10 cents, from a prior quarterly amount of 7 cents. The dividend is payable Oct. 30 to shareholders of record as of Sept. 29. Shares of Dillard's were flat in late trading, after ending the regular session down 3%. Market Pulse Stories are Rapid-fire, short news bu […]
  • Dow industrials just marked the first tumble of at least 1% in 64 sessions August 17, 2017
    The Dow Jones Industrial Average on Thursday closed with its first drop of at least 1%, snapping a streak that had run for more than 60 sessions. The Dow finished 274 points, or 1.2%, lower at 21,750, as the broader stock market faced its biggest selloff since last week's North Korea-fueled jitters. The blue-chip gauge's absence of down days of at […]
  • Wall Street's 'fear gauge'--the VIX--jumps 33% amid tumbling Dow, Barcelona terror attack August 17, 2017
    A widely followed gauge of fear and volatility on Wall Street spiked in Thursday, underscoring a sudden pickup of worry amid hand-wringing over President Donald Trump, a reported terror attack in Spain and concerns about sluggish inflation. The CBOE Volatility Index traded up about 32.5% at 15.55. The index, which tracks options bets on the S&P 500 index […]
  • Planned infrastructure advisory council canceled, White House says August 17, 2017
    Plans for a White House advisory council on infrastructure have been canceled, a White House spokesperson told MarketWatch on Thursday. The decision not to move forward with the council comes in the wake of the dissolving of two separate councils on Wednesday. Business executives have backed away from President Donald Trump after his comments on the violence […]
  • Gap shares soar on strong second-quarter earnings, 2017 outlook hike August 17, 2017
    Shares of Gap Inc. rallied in Thursday's extended session after the retailer posted better-than-expected quarterly results and raised its 2017 earnings outlook. The company, whose brands include the namesake chain of stores, Banana Republic and Old Navy, reported its second-quarter earnings more than doubled to $271 million, or 68 cents a share, from $1 […]
  • Ross Stores shares rally as Q2 earnings top views, company forecasts sales growth August 17, 2017
    Shares of Ross Stores Inc. rose more than 11% late Thursday after the retailer reported second-quarter earnings and sales above Wall Street expectations and forecast sales and earnings growth for the second half of the year and for the full fiscal year. Ross said it earned $317 million, or 82 cents a share, in the quarter, compared to $282 million, or 71 cen […]