Goshen News, Goshen, IN

Business

January 24, 2014

Reports from China chills market

(Continued)

So far this reporting season, about a fifth of the companies in the S&P 500 have reported fourth-quarter earnings, with about 65 percent of them beating analyst estimates — a solid performance, said Christine Short, associate director at S&P Capital IQ. She said that is about the historical average.

But investors seem more focused on the global economy, and on projections from companies for the coming year.

“The guidance has been very guarded and analysts are not lifting their numbers for 2014,” said David Bianco, head U.S. stock strategist at Deutsche Bank.

United Continental fell 75 cents, or 1.5 percent, to $48.43 after its prediction for revenue growth this quarter disappointed investors.

The pullback comes after a stellar run for stocks last year. The Dow rose nearly 27 percent and the S&P, nearly 30 percent.

“The market at these levels is a bit skittish,” said James Dunigan, chief investment strategist at PNC Wealth Management. He added that “any kink in the growth story ... is going to give investors pause.”

Some companies bucked the selling tide. Netflix surged $54.99, or 17 percent, to $388.72, the biggest gain in the S&P 500. After trading ended Wednesday, the streaming video company reported fourth-quarter earnings had climbed six-fold and that it had added 2.3 million subscribers during the period.

Technology stocks fell less than the rest of the market. The Nasdaq composite declined 24.13 points, or 0.6 percent, to 4,218.87.

Among other stocks making big moves:

• American Eagle Outfitters dropped $1.12, or 8 percent, to $13.19 after announcing the unexpected departure of its CEO, Robert Hanson. The teen retailer had reported disappointing sales over the holiday season.

• Nokia plunged 67 cents, or 9 percent, to $7.03 after posting a fourth-quarter loss on falling handset sales. The mobile phone business is part of the device and services unit that the Finnish company has agreed to sell to Microsoft.

• Union Pacific rose $5.62, or 3 percent, to $174.12 after reporting a 13 percent jump in fourth-quarter earnings, beating analyst forecasts.

Text Only
Business
  • BIZ GN140801 eby ford image 02 Eby Ford renovates showroom and more GOSHEN — The remodeled and expanded Eby Ford, Lincoln, Mercury dealership was celebrated Thursday night during an open house and ribbon cutting. “Without our awesome customers, we wouldn’t be here,” said owner Todd Eby as he addressed the crowd of fr

    July 31, 2014 2 Photos

  • Economy GDP-3 [Duplicate] U.S. economy heating up First quarter growth hits 4 percent

    July 30, 2014 2 Photos

  • BIZ GN0731 soapy gnome image 02 Soapy Gnome offers sustainable skin-care products GOSHEN — You can smell the fragrant products in the Soapy Gnome shop before you get to the front door. Tucked in a walkdown storefront at East Lincoln Avenue, at 111B, Jenny Frech and her husband Jeremy Friesen recently moved the store to the locati

    July 30, 2014 2 Photos

  • BIZ GN0730 Growing kids daycare image New day care center will open in August GOSHEN — There’s a Main Street in downtown Goshen and now there’s another, shorter Main Street in Goshen. The new road is located inside the new Growing Kids Learning Center.The newly-built center is located at Elkhart Road and C.R. 17. The day care

    July 30, 2014 1 Photo

  • Digital Life Review Amazon Phone-9 [Duplicate] Amazon Fire breaks ground for phones NEW YORK — What I find fascinating about Amazon’s Fire phone isn’t the gizmos such as the 3-D imagery or the camera scanner that helps you get more information about products.Rather, I like that Amazon is thinking a lot about how phones ought to work

    July 28, 2014 5 Photos

  • News and South Bend Tribune reach delivery agreement GOSHEN — The Goshen News announced today it has reached an agreement with the South Bend Tribune to have its newspaper carriers deliver the Goshen News in Elkhart, LaGrange and Kosciusko counties. According to Publisher Ron Smith, the agreement will

    July 28, 2014

  • BIZ GN140727 urban gypsy image Crafters open Urban Gypsy & Co in Goshen GOSHEN — A shop filled with colorful and fragrant items along East Lincoln Avenue has become part of the growing arts and artisan culture in the city.Urban Gypsy & Co. is at 111 E. Lincoln Ave.Missy Wrathell, Elkhart, and McKenzie Beiler and Kristin

    July 27, 2014 1 Photo

  • PicPlayPost: App to create dynamic collages If you have a smartphone, you’ve likely seen and used various photo collage apps that allow you to add multiple photos that are then combined into one image collage. There are many to choose from and they all work about the same.PicPlayPost is differ

    July 27, 2014

  • Fast Food Workers Convention-3 [Duplicate] Fast food workers push wage hike CHICAGO — Fast food workers say they’re prepared to escalate their campaign for higher wages and union representation, starting with a national convention in suburban Chicago where more than 1,000 workers are expected to discuss the future of the ef

    July 25, 2014 1 Photo

  • Supreme Industries reports improved quarter GOSHEN — Supreme Industries Inc. reported Thursday its second quarter sales and income were up. The company, which makes specialized commercial vehicles, reported its consolidated net sales from continuing operations grew to $71.6 million in the seco

    July 24, 2014

Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
AP Video
Renewed Violence Taking Toll on Gaza Residents 2 Americans Detained in North Korea Seek Help US Employers Add 209K Jobs, Rate 6.2 Pct House GOP Optimistic About New Border Bill Gaza Truce Unravels; Israel, Hamas Trade Blame Raw: Tunisia Closes Borders With Libya Four Rescued From Crashed Plane Couple Channel Grief Into Soldiers' Retreat WWI Aviation Still Alive at Aerodrome in NY Raw: Rescuers at Taiwan Explosion Scene Raw: Woman Who Faced Death Over Faith in N.H. Clinton Before 9-11: Could Have Killed Bin Laden Netanyahu Vows to Destroy Hamas Tunnels Obama Slams Republicans Over Lawsuit House Leaders Trade Blame for Inaction
Poll

Classes at Goshen Community Schools and St. John the Evangelist Catholic School will begin the 2014-15 school year on Thursday, Aug. 7. School corporations throughout the state have been trending toward earlier start dates the past few years. When do you think school should start?

I think early August is a good time to start
I think later in August would be a good time to start
I think school should start after Labor Day
     View Results