June Pending Home Sales Index Slips
ThinkstockThe National Association of Realtors (NAR) this morning released its data on pending sales of existing homes in June. The pending home sales index slipped 0.4% from a downwardly revised 111.3 in May to…
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Year: 2013
All Year: 2013 Articles
Newest first · Page 168Cvent Sets IPO Terms for $100 Million Raise
ThinkstockCvent Inc. has filed its paperwork with the Securities and Exchange Commission that sets the preliminary terms for its initial public offering (IPO). The company is offering 5.6 million shares of its common stock,…
Credit Suisse Sees YRC Worldwide Stock Falling to $7
ThinkstockYRC Worldwide Inc. (NASDAQ: YRCW) was initiated in research coverage at Credit Suisse. The firm issued an Underperform rating on the trucking company’s shares, but the degree to which it is expected to underperform is…
Fast Food a Little Slower Today as Worker Walkouts Expected
courtesy of KFCThe country’s largest fast-food chains are expected to see walkouts in seven cities today as workers protest the industry’s low wages at some the nation’s most profitable companies. Walkouts are expected at…
UBS High Conviction Calls Stocks to Buy With Top Dividend Growth
courtesy of FordAll of the Wall Street firms we cover, especially the large bulge bracket firms, have an extensive equity coverage list. In many cases the large firms cover more than 500 individual domestic…
Top 10 Analyst Upgrades and Downgrades: FedEx, Onyx, 3D Systems, YRC and More
These are the top analyst upgrades, downgrades and initiations from select Wall Street research calls on Monday, July 29, 2013. They include FedEx, Hormel, Potash Corp., 3D Systems and Whole Foods.
Deutsche Bank Raises Price Targets on Its Top Stocks to Buy
courtesy of Delta Air LinesAs the second-quarter earnings season starts to wind down, most equity strategists at the major Wall Street firms we cover are reasonably pleased with overall corporate performance and results. While…
Wynn Resorts Earnings Light on Weakness in Macau
ThinkstockWynn Resorts Ltd. (NASDAQ: WYNN) reported second-quarter 2013 results before markets opened this morning. The casino and resort operator posted adjusted diluted earnings per share (EPS) of $1.51 on revenues of $1.33 billion. In…
Canadian Retailer Acquires Saks
Thinkstock Luxury retailer Saks Inc. (NYSE: SKS) has agreed to a merger with Toronto-based Hudson’s Bay Company (HBC) in an all-cash deal for which the Canadian firm will pay $16 a share for the…
Loews Earnings Get a Boost from Insurance Arm
thinkstockLoews Corp. (NYSE: L) reported second-quarter 2013 results before markets opened this morning. The holding company reported net income of $269 million, or earnings per share (EPS) of $0.69, compared with $56 million, or…
Honeywell’s 787 Problems Are Really Boeing’s
Courtesy Boeing Co.The blame for fires and potential mechanical failures on a large portion of the Boeing Co. (NYSE: BA) fleet has been put at the feet, for the time being, of Honeywell International Inc. (NYSE:…
Amazon to Add 5,000 Workers, as Worry About Costs Rises
ThinkstockAmazon.com Inc. (NASDAQ: AMZN), which announced a loss in its most recent quarter, will add 5,000 new workers, as CEO Jeff Bezos dares Wall Street to desert him. It will not. As has been…
If Americans Are Driving Less, Who Buys All Those Cars?
courtesy of General MotorsOne reason car sales have risen so far might be that more Americans drive than in the past. A recent study says that is not true. Driving by Americans peaked in…
Apple Supplier Labor Practices Attacked Again
JoeInQueens, via Wikimedia CommonsApple Inc. (NASDAQ: AAPL) cannot inspect its suppliers in China often enough, or warn them about their future with the big U.S. consumer electronics firm enough to keep the occasional supplier…
Omnicom and Publicis: 70% of Mergers Fail
ThinkstockBain & Company released research in 2004 that showed that 70% of all mergers failed to create shareholder value. A closer look at the Omnicom Group Inc. (NYSE: OMC) tie up with Publicis Groupe fits the…