Market Focus


Clorox closed at a record high after announcing its shutting down its operations in Venezuela. The maker of home cleaning products said its business there is no longer viable because of the restrictions imposed by the country’s government. For nearly three years the Venezuelan government required the company to freeze prices, which forced it to sell products at a loss. The stock jumped more than seven percent to $97.23.


Shares of Tekmira also rallying in today’s session. The drug maker got the okay from the Food and Drug Administration and Canadian regulators for the emergency use of its Ebola treatment in patients who have confirmed or suspected infections from the virus. The stock surged 17 percent to $23.61.


Shares of AutoZone went the other way after the auto parts retailer reported weaker than expected fourth quarter revenue. This comes as the strengthening economy has encouraged consumers to buy new cars instead of fixing up old ones. That sent shares down four percent to $505.38.


Blackberry is rolling out a new smartphone and its cheaper than the new iPhone. The company’s Passport phone will go on sale Wednesday and retail for $599 in the U.S. without a contract. Apple new iPhone 6 has a sticker prices of about $650. Shares of Blackberry were up slightly to $10.93.


Shares of RadioShack popped after the struggling retailer said it’s in talks with a major vendor in order to avoid bankruptcy. Earlier this month we told you that RadioShack said it was running out of cash and could be forced to seek bankruptcy protection if it can’t find other ways to shore up finances. After that early spurt, the stock finished unchanged at 91 cents.

Ascena Retail 

After the bell Ascena retail posted fourth quarter earnings that missed estimates. The company, which operates Lane Bryant and Dress Barn also gave an outlook for fiscal 2015 that was below consensus. After hours the stock fell initially. During the regular session shares fell about two percent to $16.53.

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