Reuters - Video

EDITION: U.S. | U.K. | IN

Top News

U.S. Morning Call: Wal-Mart, Target quarterly profits rise

Thursday, 15 Nov, 2012 - 03:03

Nov 15 - Wal-Mart posted a higher quarterly profit today helped by strong sales of back to school merchandise in the U.S.

▲ Hide Transcript

View Transcript

Big box retailers out with a result and BP here's your morning call for Thursday. Wal-Mart posting higher quarterly profit today helped by strong sales of back to school merchandise in the US. It also affirmed its top and a full year earnings per share guidance saying the company is well positioned for the holidays. The retail giant's third quarter sales came in at 113. Point eight billion that's at 3.4 percent increase from last year. All just good news but shares of Wal-Mart shopping just over percent in the premarket. Rival target out with results just minutes ago target coming in above expectations with earnings at 96 cents per share that's above the view. A 77 cents per share target is trading slightly higher in the premarket. We also have earnings from Viacom network reported decline in quarterly revenue on a sharp drop in movie box office sales but its profit rose. And according after the bell today we've got Dell and applied materials also some more retailers dollar tree and GAAP. US stock futures put into higher open on Wall Street after losses on Wednesday. It's a busy day for the Fed as Ben Bernanke -- housing in Atlanta. Inflation hawks -- -- Richard Fisher and Charles Plosser will also take to the podium. Investors looking -- today as China and -- and older conservative leadership lineup court's ruling Communist Party. Chinese shares sank to their lowest in seven weeks on uncertainties surrounding their policies. Also keep -- -- oil and gold prices today as tensions mount in the Gaza Strip following violence on both sides. So on economic data out this morning let's start with jobless claims expected to inch up this week. To 375000. From 355000. Filed in the prior week. Also due at 830 -- and the Consumer Price Index for October economists polled by Reuters expect prices have risen. Point 1% overall. Inflation pressures still looking mild. Ever since stocks to watch keep your -- and BP's London based oil giant is expected to pay the largest criminal penalty in US history. For misconduct in the 2010 deep water horizon oil spill. Sources telling Reuters that BP will plead guilty in a deal reached with the Department of Justice. Five are currently holds a fine record paying one point three billion in 2009 from marketing fraud BP off talks with the SEC. Shares of BP falling on the London Stock Exchange down nearly 3%. And finally Texas Instruments eliminating 17100. Jobs about 5% of its global workforce. The chipmaker halting its Smartphone and tablet chip business instead focus on chips for cars and home appliances. That's all your morning call this Thursday for more news follow us on Twitter at Reuters Insider in check out our Reuters YouTube channel at Reuters dot com slash Reuters TV. I'm Lisa Bernhard this is Reuters.

U.S. Morning Call: Wal-Mart, Target quarterly profits rise

Thursday, 15 Nov, 2012 - 03:03

Editors' Picks »

The Exchange »

The Exchange: Hot commodity The Exchange: Hot commodity

Wed, 16 Jul, 2014 - (9:25)

The Exchange: Constitutional crusade The Exchange: Constitutional crusade

Wed, 25 Jun, 2014 - (11:35)

The Exchange: The value of money The Exchange: The value of money

Mon, 02 Jun, 2014 - (9:53)

The Exchange: China’s Second Continent The Exchange: China’s Second Continent

Tue, 27 May, 2014 - (9:35)

The Exchange: A master of business arts The Exchange: A master of business arts

Thu, 08 May, 2014 - (8:24)

The Exchange: America's bankrupt cities The Exchange: America's bankrupt cities

Mon, 05 May, 2014 - (8:52)

The Exchange: Let the rocking commence The Exchange: Let the rocking commence

Tue, 08 Apr, 2014 - (8:13)

The Exchange: The Moneyball fallacies The Exchange: The Moneyball fallacies

Mon, 24 Mar, 2014 - (9:54)

Is doing good a good business? Is doing good a good business?

Mon, 17 Mar, 2014 - (7:38)

Oddly Enough »

Fox kicks off "Simpsons" mega marathon Fox kicks off "Simpsons" mega marathon

Thu, 21 Aug, 2014 - (0:56)

Six-story tall duck floats into L.A. port Six-story tall duck floats into L.A. port

Thu, 21 Aug, 2014 - (1:02)

Young artist paints surreal illusions on bodies Young artist paints surreal illusions on...

Thu, 21 Aug, 2014 - (1:30)

Snow leopard cubs make Bronx Zoo debut Snow leopard cubs make Bronx Zoo debut

Wed, 20 Aug, 2014 - (0:41)

Eco-friendly bench keeps your tech fully charged Eco-friendly bench keeps your tech fully...

Tue, 19 Aug, 2014 - (1:55)

A cheetah cub and a puppy make friends A cheetah cub and a puppy make friends

Tue, 19 Aug, 2014 - (0:48)

Bug eaters unite in Tokyo Bug eaters unite in Tokyo

Tue, 19 Aug, 2014 - (1:23)

Tango dancers put best feet forward Tango dancers put best feet forward

Tue, 19 Aug, 2014 - (1:08)

Giraffe calf checks out new surroundings Giraffe calf checks out new surroundings

Mon, 18 Aug, 2014 - (0:42)

Bolivian priest blesses beloved pups Bolivian priest blesses beloved pups

Sun, 17 Aug, 2014 - (1:25)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, 19 Feb, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, 10 Jan, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, 29 Aug, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, 29 Aug, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, 05 Aug, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, 17 Dec, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sun, 09 Dec, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Mon, 10 Dec, 2012 - (10:39)

Moving Pictures »

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, 11 Aug, 2014 - (2:27)

Burned memories Burned memories

Fri, 08 Aug, 2014 - (3:02)

Images of July Images of July

Fri, 01 Aug, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, 11 Jul, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Thu, 03 Jul, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, 20 Jun, 2014 - (3:04)

World Cup: Around the globe in 50 goals World Cup: Around the globe in 50 goals

Fri, 06 Jun, 2014 - (1:08)

VIVID – Sydney’s spectacle of light VIVID – Sydney’s spectacle of light

Fri, 30 May, 2014 - (1:37)

The week that changed Boston The week that changed Boston

Mon, 14 Apr, 2014 - (3:28)