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Big Lots Cuts Full-Year Forecast, Shares Tumble

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  • Description

    FBN's Adam Shapiro breaks down afternoon market news.

  • Duration 0:58
  • Date

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-- Adam Shapiro -- Fox Business briefing continues to be a tough day for the markets with the blue chips on track for their longest losing streak in three weeks.

Investors are also bearish on big months after second quarter results for the closeout retailer fell short of Wall Street estimates.

The company also slashed its full year just to forecast.

Big -- says the lower than expected quarterly profit was due to higher cost.

And a loss at its Canadian operations.

1191000.

Care bears -- pacifiers.

Have been recalled by the US Consumer Product Safety Commission.

Because the pacifiers pose a choking hazard.

The Chinese made items were imported by IBM group of New York pacifiers were sold in various discount and dollar stores including Wal-Mart.

From October 2009 through June 2012.

That's the latest from the Fox Business Network giving you the power to prosper.

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