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U.S. Morning Call: Tiffany beats, shares climb

Friday, March 22, 2013 - 04:27

Mar 22 - Tiffany posts a higher profit that tops expectations.

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-- off on Friday and we've got to Reuters exclusive involving a mother of all messy divorces and the fate of America's fastest growing oil company. Continental Resources CEO Harold Hamm embroiled in a contentious divorce. With estranged wife sue and hand that could potentially lead to a record breaking financial settlement. And a major shift in control apparel camps 68%. Stake in continental. -- eleven point two billion dollars. After receiving increase from Reuters. Confirmed a pending divorce sending shares down over 3% in afternoon trading on Thursday. Cut -- massive growth occurred during the marriage after mr. hand helped discover the Bakken oilfield of North Dakota. The largest new US prospects in the 1960s. Today the -- yields nearly 700000. Barrels a day or roughly 10% of American -- it. The company's share price has surged nearly 500%. In the five years -- an initial public offering in 2007. -- nine US stock futures are pointing to a higher open this morning. Stronger US equities overall this year boosting emanate activity. Deal surging 62%. During the cold water. Bolstered by as soon as it deals including the 23 point two billion dollar takeover of ketchup maker HJ times. European shares roughly flat right now but contract for their worst week since November. Concern over Cyprus is -- up problems still weighing heavily on investors. The EU giving Cyprus until Monday to raise the five point eight billion euros needed to secure a ten billion Euro international lifeline. Some stocks to watch first Darden with some fresh results just now. Profit beat but combined same restaurant sales declined four point 6% for olive garden red lobster and longhorn steakhouse. Darden shares off 7% over the past year. Also out with results this morning the luxury brand reported a slightly higher profit for the quarter that included the holiday season and -- net worldwide sales would rise 68% this this year. Tiffany shares taking a hit the past year falling 5%. This morning the stocks almost paring losses up 4% in the premarket. Nike's quarterly profit beating Wall Street estimates margins of the organ based company increase in worldwide peak demand for its apparel and she is so lord. Shares of Nike climbing over 8% in the premarket. But very easy ten Smartphone hits store shelves for the first time in the US today shares of Blackberry rising slightly in the premarket. The Canadian company hoping to win back market share it's lost over the past two years. CEO Thorsten -- acknowledging yesterday that the companies against tough odds in the US market which he described as the most competitive in the world. Blackberry wave behind apple and Google platforms with just 6% of US subscribers according to comScore. That's an alternate universe from 2009. When Blackberry claimed over 40% of phone users. Heinz also slamming Apple's iPhone saying a lack of innovation apple has left iphone's user interface is outdated. The CEO practically stealing apple marketing chief Sheila line when he blast and Samsung phones for having old operating systems. -- heat and goes for a 199 box AT&T customers who sign a two year service contract. Verizon doesn't Oval -- with them until March 28. -- I think that kind of following in an at work while secretly monitoring the NCAA basketball tournament consider this. According to research firm challenger gray and Christmas at. He's 134. Million dollars will be essentially wasted in wages by the end of today. People following gains instead of being productive at their jobs. The firm reports that three million employees will spend one to three hours watching college hoops while at work. So get to pork that's good for your Friday morning -- follow us on Twitter at Reuters Insider get more Reuters videos at Reuters dot com slash latest. I mean it's very hard.

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U.S. Morning Call: Tiffany beats, shares climb

Friday, March 22, 2013 - 04:27