Investors embraced merger and acquisition activity to lift the markets to a higher close with the Dow soaring 124 points to 9789. Nasdaq surged 39 points to 2130.
It was a bad day for stocks. The Dow Industrials was down 185 points or 1.9%. The S&P 500 (^GSPC) lost 22 points, the Nasdaq (^IXIC) lost 40 points and the Russell 2000 dropped 15 points or 2.65%. On a percentage basis, the Russell was the biggest loser, which is to be ...
Late on Monday, tax preparer H&R Block Inc (NYSE: HRB) said that it second quarter net loss narrowed to $135.9 million, or 41 cents a share, from a loss of $502.3 million, or $1.55 in the corresponding quarter in 2007.[More...]
The past year has been less than miraculous at Scotts Miracle-Gro (SMG). For starters, its stock has declined 36% since last September. As Michelle chronicled in 2007 (here and here), there have been a series of executive arrivals and departures. And the company’s recent 10-Q cites several problems in 2008, including a voluntary recall of bird food, an investigation by [...]
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