ThinkstockThe U.S. Census Bureau this morning released data on new single-family home sales for July. Sales dropped 13.4% month-over-month to a seasonally adjusted annual rate of 394,000, from a downwardly revised June sales figure…
Microsoft Sweden, via Wikimedia Commons In a surprise announcement this morning, Microsoft Corp. (NASDAQ: MSFT) revealed that CEO Steve Ballmer “has decided to retire” from the company within the next 12 months. Ballmer’s departure will…
ThinkstockThe world’s largest wireless carrier, China Mobile Ltd. (NYSE: CHL), reportedly has awarded initial contracts for the build-out of China’s first 4G wireless network. This is especially good news for Apple Inc. (NASDAQ: AAPL), which…
ThinkstockHalliburton Co. (NYSE: HAL) is becoming the king of stock buyback, at least for this week. The oil services giant has announced its preliminary results of the prior modified Dutch auction tender offer that expired…
Jon OggIt is an August Friday, and there are a surprising number of research calls before the week ahead, which is usually the slowest week of the year other than the one between Christmas…
ThinkstockA look at the charts this morning shows that BlackBerry Ltd. (NASDAQ: BBRY) has a market cap of just under $6 billion. A privately held smartphone maker just received an investment that values that company…
thinkstockIt may be that the negative images of banks and the federal government continue to persist in the minds of Americans because of the credit crisis. Or, perhaps people believe that the federal government…
courtesy of Toyota Motor Corp.When Toyota Motor Corp.’s (NYSE: TM) U.S. sales collapsed four years ago, and did not make any recovery for three, most industry analysts blamed recalls and the effects of the 2011…
courtesy Best Buy Co. Inc.Coca-Cola Co. (NYSE: KO) and PepsiCo Inc. (NYSE: PEP) are the most respected brands in the United States. While Coke has enjoyed this status for six years straight, Pepsi moved up from…
ThinkstockPandora Media Inc. (NYSE: P) reported second-quarter fiscal 2014 results after markets closed today. The Internet radio company posted adjusted diluted earnings per share (EPS) of $0.04 on revenues of $162 million, which includes $4.7…
August 22, 2013: Markets opened higher this morning largely due to the unexpected sharp rise in Chinese PMI and better-than-expected flash manufacturing PMI readings from Europe. The good news on PMI got some backup…
ThinkstockNew U.S. car sales for the month of August, including fleet sales, are expected to reach 1.46 million units, remaining on track to reach total 2013 sales of 15.6 million units, according to Kelley…
thinkstockDo you remember the Flash Crash? NASDAQ OMX Group (NASDAQ: NDAQ) is proving yet again why there still needs to be some human control and interaction over the vast numbers of shares trading each…
courtesy GameStop Corp.It is very well known that the video game sector is about to get an entire refresh cycle. Sony Corp. (NYSE: SNE) is launching a new PlayStation and Microsoft Corp. (NASDAQ: MSFT) is…
ThinkstockLess than half of Americans who use credit cards say they “completely understand” the terms of use for their cards. And just under 60% say they understand how to earn those rewards that the…