Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

U.S. Stocks Open Broadly Higher -2-

05/02/2013 | 07:05am US/Eastern
Recommend:
0

Northeast Utilities' (>> Northeast Utilities System) first-quarter income more than doubled thanks to higher revenue following last year's merger with New England utility Nstar.

Pioneer Natural Resources Co.'s (>> Pioneer Natural Resources) first-quarter earnings fell 53% as the oil-and-gas exploration-and-production company's results were hurt by a loss on derivatives, though revenue and production increased.

Prudential Financial Inc.'s (>> Prudential Financial Inc) first-quarter loss narrowed as the insurer posted stronger revenue from premiums, helping mask higher investment losses.

RenaissanceRe Holdings Ltd.'s (>> RenaissanceRe Holdings Ltd.) first-quarter earnings fell 6.4% as the insurer recorded lower investment income, though its operating profit improved.

Stillwater Mining Company (>> Stillwater Mining Company) said its latest offer to resolve a proxy fight with Clinton Group Inc. was declined by the dissident shareholder.

Tenaris SA's (TS, TEN.MI) first-quarter earnings fell 5.7% as the Luxembourg-based steel-pipe manufacturer reported higher expenses.

Tesoro Corp.'s (>> Tesoro Corporation) first-quarter earnings increased 66% as the independent refiner continued to report stronger refining margins and increased fuel sales.

Proxy advisory firm Glass Lewis said it supports offshore oil-driller Transocean Ltd.'s (>> Transocean Ltd) proposed dividend over Carl Icahn's proposal for a higher payout, but also recommended shareholders vote for one of the activist investor's three board nominees.

Unum Group's (>> Unum Group) first-quarter earnings edged down amid impacts from net investment gains and pension adjustments, masking continuing growth in the insurer's U.S. business.

Write to Nathalie Tadena at nathalie.tadena@dowjones.com

Recommend :
0
React to this article
Latest news
Date Title
2m ago FIRST SECURITY IN : TN : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)
2m ago Bierman Named Chancellor of the University of North Carolina School of the Arts
9m ago A "Historic" Bear Move Setting up in NZD/JPY
9m ago HOME BANCSHARES : Submission of Matters to a Vote of Security Holders, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
9m agoDJTPG-Led Group Closes $450 Million Investment in Airbnb
9m ago Zepol Finds U.S. Imports From Russia Increased in March
12m ago RIVERBED TECHNOLOGY : U.S. Patents Awarded to Inventors in District of Columbia (April 18)
12m ago The Top 5 Residential VoIP Providers for 2014, Ranked by 1010PhoneRates.com
14m ago Audi Honors 61 Dealers With 2013 Magna Society Awards
16m ago PENNS WOODS BANCORP : Reports First Quarter 2014 Operating Earnings
Latest news
Advertisement
Hot News 
HAVELOCK EUROPA : Preliminary Results to 31 December 2013
LDK SOLAR : Provides Additional Information on its Request for Review of NYSE Regulation's Decision to Suspend Trading and Commence Delisting Procedures
HAYNES PUBLISHING : Third Quarter Hit By Us Inventory Returns, Weak UK
SPACEANDPEOPLE : Shares Slide As It Lowers 2014 Forecast
BLUR : Shares In Blur Group Plummet Due To Delayed Revenue Recognition
Most Read News
1d ago WALT DISNEY : Disney sees operating income growth at cable networks
12h ago SLINGSBY H C : Company Events - 7 Days Ahead Events
6h ago NOKIA : Viber targets 30 million users in india by year end
1d ago LULULEMON ATHLETICA : CEO looks beyond yoga wear for growth
1d ago CHINA SOUTHERN AIRLINES : 30pc cancellations by China tourists
Most recommended articles
1d ago U.S. shares seen opening lower as tech giants stumble
1d ago Financials bolster FTSE after reassuring U.S. earnings
1d ago BLACKSTONE : earnings rise 30 percent, boosted by private equity gains
8m ago A "Historic" Bear Move Setting up in NZD/JPY
9m agoDJTPG-Led Group Closes $450 Million Investment in Airbnb
Dynamic quotes  
ON
| OFF