- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
Bank of America (NYSE:BAC) shares are down over 1 percent this afternoon. The bank is speeding up a cost-cutting plan, which includes cutting 16,000 jobs by the end of the year. The proposed year-end total of the bank’s workforce is 260,000, which would be the lowest figure since 2008.
Shares of Bed Bath & Beyond (NASDAQ:BBBY) fell more than 8 percent today. The company said net earnings in the second quarter declined to $224.3 million (98 cents per share), compared to $229.4 million (93 cents per share) a year earlier. The decrease in profit breaks a four quarter streak of net income gains for the company.
Don’t Miss: Groupon Starts Dealing With Mobile Payments
Nike (NYSE:NKE) shares are down nearly 1 percent today. The shoe and sportswear giant announced that its board approved a new $8 billion share buyback program that will take place over the next four years. The program will follow Nike’s current $5 billion repurchase plan, which concludes at the end of the second quarter next year. Over the past 10 years, the company has bought back $10 billion of its shares.
Shares of Facebook (NASDAQ:FB) are down 1.8 percent after posting a 6.5 percent gain yesterday. The social media company is set to receive more exposure. The new iOS 6 update from Apple (NASDAQ:AAPL) was released yesterday and it integrates Facebook in the operating system more than ever, especially with photo sharing. Facebook is also found in the new OS X Mountain Lion 10.8.2 update, which was also released on Wednesday.
Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.