NEW YORK (AP) - Silver Bay Realty Trust Corp. shares are nearly flat Friday in their market debut after the company raised $245.1 million in its initial public offering of stock.
The stock is up 4 cents at $18.54 in midday trading. It earlier went as low as $18.25 and as high as $18.82.
HOUSTON (AP) - Schlumberger Ltd. said Friday that drilling slowdowns and price cuts will hurt its fourth-quarter earnings, and investors responded by driving shares down more than 4 percent.
Weaker than expected land drilling in the U.S. and Western Canada, combined with contractual delays and
By By The Associated Press
THE DEAL: The parent company of the Discovery Channel is buying 12 TV networks in Norway, Sweden, Denmark and Finland in a deal worth about $1.7 billion. The acquisition also includes SBS Nordic's 19 radio stations and other assets.
WHY?: Discovery Communications
NEW YORK (AP) - Industrial conglomerate General Electric is raising its quarterly dividend by 12 percent while extending and expanding its share repurchase plan.
The new quarterly dividend is 19 cents, up from 17 cents. The dividend will be paid on Jan. 25 to shareholders as of Dec. 24.
By By MATTHEW CRAFTAP Business Writer
NEW YORK (AP) - Apple, the most valuable company in the U.S., slumped Friday, helping to drag down the stock market. A lack of progress in federal budget talks also discouraged investors.
Apple's stock dropped 4 percent after the launch of the iPhone 5
By By The Associated Press
The price of oil ended higher Friday on positive signs for manufacturing in the U.S. and China.
Benchmark crude rose 84 cents Friday to end at $86.73 per barrel on the New York Mercantile Exchange.
A survey of purchasing managers showed that manufacturing activity
MILAN (AP) - Fiat has denied reports that it is talks with banks to raise capital to boost its ownership of U.S. automaker Chrysler LLC.
Fiat said in a statement Friday that "there is no specific project" and that it "believes there is no need for a capital increase."
Fiat and Chrysler CEO Sergio
NEW YORK (AP) - Stocks are opening mixed on Wall Street after a drop in U.S. consumer prices and a strong survey of Chinese manufacturing failed to excite investors.
The Dow Jones industrial average was up three points at 13,174 shortly after the opening bell Friday.
The Standard & Poor's
By Adds details.
NEW YORK (AP) - Best Buy shares fell on Friday after the struggling electronics retailer said it extended the window for co-founder Richard Schulze to make a buyout bid until after the holiday season.
Shares fell $2.07, or 14.6 percent, to close at $12.05 Friday.
By By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - U.S. factories rebounded in November from Superstorm Sandy, boosting production of cars, equipment and appliances. But after factoring out the impact from the storm, the broader trend in manufacturing remained weak.