Shorts might have already overplayed their hand by expecting oil to drop much further, even if OPEC fails to cut production. The oil markets might have already priced in this news, meanwhile oil stocks may have already bottomed out.
Continue reading below. Tiffany & Co. reported net income of $38.3 million, or 29 cents per share, in its third quarter. Earnings adjusted to extinguish debt were 76 cents.
Signet Jewelers logo Signet Jewelers (NYSE:SIG) shares shot up 5.6% during trading on Tuesday following a stronger than expected earnings report, Analyst Ratings Net reports.
Philip Falcone is stepping down as chairman and chief executive officer of Harbinger Group Inc. (HRG), the public holding company in which his hedge fund owns a stake, as Harbinger's biggest shareholder exerts more control.
The blaze early on Wednesday at the mine in Liaoning province, in the northeast, also left 52 people injured, the official Xinhua news agency said, quoting the state-owned Fuxin Coal Corporation.