video Finance Videos
LinkedIn's warning; Stocks rise
Thursday, February 04, 2016 - 01:17
LinkedIn forecasts current-quarter profit below forecasts; Stocks rise for second day. Bobbi Rebell reports.
▲ Hide Transcript
▶ View Transcript
After hours, LinkedIn earnings came in better than forecasts, but the company gave disappointing guidance for the current quarter and for 2016, putting intense pressure on the stock. U.S. stocks closed the regular trading day higher. Weak economic data capped the gains: a huge jump in job cuts in January, an increase in weekly jobless claims, and orders for manufactured good fell in December. Kevin Kelly, chief investment offer, Recon Capital: SOUNDBITE: KEVIN KELLY, CHIEF INVESTMENT OFFICER, RECON CAPITAL PARTNERS (ENGLISH) SAYING: "There is a little bit of an overhang of economic data. We even saw that with the GDP numbers, and that's why people are thinking the Fed won't be raising four times as they have indicated." Viacom named Sumner Redstone's replacement as chairman, CEO Philippe Dauman, overriding the objection of his daughter, vice chair Shari Redstone. Shares pared their gains. Retail stocks fell, sparked by earnings warnings from Kohl's and Ralph Lauren. Both are working on clearing their inventories after reporting weak holiday sales. Mobile game players will soon be able to play a new game by Glu Mobile featuring pop superstar Taylor Swift. The announcement of the partnership made Glu Mobile's shares one of the day's top gainers on the Nasdaq. In Europe, the weak U.S. economic data led stocks lower during the trading day, but by the close, they were mostly higher.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
LinkedIn's warning; Stocks rise
Thursday, February 04, 2016 - 01:17
Top News »
12:31pm BST - (0:54)
12:30pm BST - (1:20)
12:58pm BST - (0:50)
9:13am BST - (0:59)
9:17am BST - (0:50)
5:24am BST - (1:27)
5:54am BST - (2:16)
12:51am BST - (0:52)
Thu, 17 Aug, 2017 - (0:45)
Thu, 17 Aug, 2017 - (0:39)
Thu, 17 Aug, 2017 - (1:01)
Thu, 17 Aug, 2017 - (0:54)
Editors' Picks »
11:35am BST - (1:38)
Wed, 16 Aug, 2017 - (2:15)
Wed, 16 Aug, 2017 - (1:33)
Tue, 15 Aug, 2017 - (0:55)
Tue, 15 Aug, 2017 - (1:15)
Mon, 14 Aug, 2017 - (2:05)
Sun, 13 Aug, 2017 - (2:07)
Thu, 10 Aug, 2017 - (1:08)
Thu, 10 Aug, 2017 - (1:48)
Thu, 10 Aug, 2017 - (2:07)
Wed, 09 Aug, 2017 - (1:45)
Thu, 10 Aug, 2017 - (0:33)
Most Popular »
Thu, 17 Aug, 2017 - (2:31)
Wed, 16 Aug, 2017 - (2:23)
11:04am BST - (2:04)
Mon, 12 Sep, 2016 - (3:23)
12:45pm BST - (1:56)
Tue, 02 May, 2017 - (1:21)
Thu, 17 Aug, 2017 - (1:09)
Thu, 17 Aug, 2017 - (2:46)
Wed, 16 Aug, 2017 - (4:30)
Thu, 17 Aug, 2017 - (1:02)
Mon, 14 Aug, 2017 - (2:15)
Thu, 17 Aug, 2017 - (1:50)
Business »
Tue, 15 Aug, 2017 - (5:01)
Thu, 17 Aug, 2017 - (1:50)
Thu, 17 Aug, 2017 - (4:00)
Thu, 17 Aug, 2017 - (1:51)
Thu, 17 Aug, 2017 - (1:15)
Thu, 17 Aug, 2017 - (1:06)
Thu, 17 Aug, 2017 - (1:27)
Thu, 17 Aug, 2017 - (1:41)
Thu, 17 Aug, 2017 - (1:47)
Thu, 17 Aug, 2017 - (1:43)
Wed, 16 Aug, 2017 - (1:26)
Wed, 16 Aug, 2017 - (1:22)
Featured Videos
London's female wrestling scene boosted by Netflix show 'Glow'
There has been more interest in female wrestling and a clearer sense of what it involves since hit Netlfix show 'Glow' came out
Chimpanzees can understand rock, paper, scissors
Chimpanzees can understand rock, paper, scissors, Japanese primatologists show
Bladerunners - UK lawnmowers in 12-hour endurance race
Drivers donned their suits and climbed into their cockpits at the weekend for a 12-hour endurance race with a difference: they weren't driving rallying cars, but lawnmowers
The highs and lows of Macron's first 100 days
French President Emmanuel Macron heads into the summer break faced with falling popularity ratings after tough debates in parliament over labour reform and a public ethics law, a standoff with the military and cuts to housing assistance
The vending machine helping fight against HIV
An innovative vending machine for HIV tests being piloted in Britain aims to help in the fight to end the epidemic
Technology »
Thu, 17 Aug, 2017 - (1:26)
Thu, 17 Aug, 2017 - (1:36)
Wed, 16 Aug, 2017 - (2:00)
Tue, 15 Aug, 2017 - (0:58)
Mon, 14 Aug, 2017 - (2:04)
Mon, 14 Aug, 2017 - (1:45)
Fri, 11 Aug, 2017 - (2:26)
Fri, 11 Aug, 2017 - (1:37)
Wed, 09 Aug, 2017 - (1:50)
Tue, 08 Aug, 2017 - (2:51)
Tue, 08 Aug, 2017 - (2:05)
Tue, 08 Aug, 2017 - (1:31)
Entertainment »
1:04pm BST - (1:31)
12:55am BST - (1:25)
10:48am BST - (1:59)
2:50am BST - (1:32)
1:01am BST - (1:09)
Thu, 17 Aug, 2017 - (1:52)
Thu, 17 Aug, 2017 - (1:41)
Thu, 17 Aug, 2017 - (1:41)
Thu, 17 Aug, 2017 - (1:54)
Wed, 16 Aug, 2017 - (0:50)
Wed, 16 Aug, 2017 - (1:07)
Wed, 16 Aug, 2017 - (0:34)
Sports And Leisure »
Thu, 17 Aug, 2017 - (0:43)
Thu, 17 Aug, 2017 - (1:21)
Wed, 16 Aug, 2017 - (1:13)
Mon, 14 Aug, 2017 - (0:55)
Mon, 14 Aug, 2017 - (1:29)
Mon, 14 Aug, 2017 - (0:53)
Sun, 13 Aug, 2017 - (1:24)
Sun, 13 Aug, 2017 - (0:43)
Sun, 13 Aug, 2017 - (1:06)
Fri, 11 Aug, 2017 - (1:01)
Thu, 10 Aug, 2017 - (1:07)
Wed, 09 Aug, 2017 - (0:45)
Oddly Enough »
Thu, 17 Aug, 2017 - (1:08)
Thu, 17 Aug, 2017 - (0:31)
Thu, 17 Aug, 2017 - (0:27)
Wed, 16 Aug, 2017 - (1:56)
Tue, 15 Aug, 2017 - (1:07)
Tue, 15 Aug, 2017 - (0:57)
Mon, 14 Aug, 2017 - (1:05)
Sun, 13 Aug, 2017 - (1:42)
Sun, 13 Aug, 2017 - (1:30)
Sat, 12 Aug, 2017 - (1:41)
Thu, 10 Aug, 2017 - (1:11)
Wed, 09 Aug, 2017 - (1:38)
Dateline Asia »
Thu, 17 Aug, 2017 - (2:08)
Wed, 16 Aug, 2017 - (2:11)
Wed, 16 Aug, 2017 - (2:12)
Wed, 16 Aug, 2017 - (2:00)
Tue, 15 Aug, 2017 - (2:13)
Tue, 15 Aug, 2017 - (1:57)
Tue, 15 Aug, 2017 - (1:46)
Mon, 14 Aug, 2017 - (2:06)
Sun, 13 Aug, 2017 - (2:08)
Fri, 11 Aug, 2017 - (2:22)
Fri, 11 Aug, 2017 - (1:55)
Fri, 11 Aug, 2017 - (2:05)