Market Focus


Tiffany wrapped its holiday report in a blue box and tied it with a white bow, but investors weren’t impressed. Sales rose four percent from November through December, driven by demand in the U.S. and Asia. But, the retailer kept its full-year earnings forecast unchanged. Shares fell nearly two percent  to $90.36.


Humana said it expects Affordable Care Act enrollees to be sicker and more expensive than first predicted. That, the company said, is because of the government’s move to let some people keep their existing health plans. Despite the forecast, Humana backed its 2014 earnings outlook. Shares fell two percent to $96.96.

Baker Hughes

The world’s third-largest oilfield services company, Baker Hughes, warned investors of a profit miss today. Hughes said it had to suspend operations at one of its facilities in Iraq because of a protest there last year. That incident will reduce its fourth quarter profit. Despite that, shares were up more than two percent to $53.06.

YRC Worldwide

Shares of YRC Worldwide took a major hit after union workers at the trucking company rejected a contract extension. YRC said it needed that labor agreement in order to refinance more than $1 billion of debt and avoid bankruptcy. The stock slumped, down almost 13 percent to $13.67.

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