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Single-family home and condo sales averaged almost 100% of their estimated full market value nationwide in April, signaling a nice balance between supply and demand, according to a RealtyTrac report out Thursday morning. But a few markets outpaced the pack with sale prices above their market value, including spots in California; the Washington, D.C., area; and the Winston-Salem, N.C., area. RealtyTrac analyzed average sale prices and estimated
Tiffany stock shined Wednesday after the high-end jeweler topped profit and sales forecasts. But Michael Kors crashed after the fashion house reported same-store sales declines. Tiffany (TIF) Q1 earnings fell 17% to 81 cents a share due to the strong dollar. But that beat the 70 cents that analysts polled by Thomson Reuters had expected. Sales slid 5% to $962.4 million, topping views for $918.7 million. Shares soared
Amid the Department of Justice's allegations of corruption against FIFA, a "multinational sportswear company headquartered in the United States" was involved with a deal with Brazil's football federation, according to the indictment. Nike (NKE) is not named in the indictment. But according to the document, "Sportswear Company A" made a 1996 deal to pay CBF $160 million over 10 years for co-sponsorship rights and exclusivity as CBF's footwear,
Taser International has seen orders heat up for its body-worn video cameras and other products amid calls for safer law enforcement methods, while a recent buyout expanded its offerings and boosted its market position. Taser (TASR) is the leading maker of conducted electrical weapons (CEWs), aka Taser stun guns, designed for use by law enforcement officers, military personnel, corrections officers, private security personnel and citizens. It's
Airline stocks fell last week on investors' concerns that capacity was expanding too much for airlines' own good. But investors may have overreacted, according to UBS airline analyst Darryl Genovesi. "Investors have begun wondering if capacity discipline has broken down, driving multiple compression across the group," he wrote in a research report this week. "We don't think it has." Why? Supply growth is accretive to earnings when Brent crude oil