J.P. Morgan Chase Loses Foreclosure Case in Oregon Jury Trial
ThinkstockIn the first jury trial to be held in Oregon in a case of wrongful foreclosure, J.P. Morgan Chase & Co. (NYSE: JPM) did not fare well. The bank was scolded by the judge…
Archive
Year: 2013
All Year: 2013 Articles
Newest first · Page 179SEC Boots Deal with Falcone; Will He Now Fly into the Arms of Dish Network?
ThinkstockThe U.S. Securities and Exchange Commission (SEC) today rejected a settlement with Philip Falcone and his hedge fund firm Harbinger Capital Partners LLC that had been proposed by the Commission’s own enforcement division. Under…
BP Must Continue Payments for Spill Damage
ThinkstockA federal judge in New Orleans has denied a motion by BP plc (NYSE: BP) to suspend payments to some claimants for damages suffered as a result of the 2010 disaster in the Gulf…
U.S. Drought Conditions Ease in Worst-Hit Regions
ThinkstockThe continuing U.S. drought over much of the western half of the country spread modestly in the past week, now covering about 46% of lower 48 states, up slightly from last week’s reading of…
RetailMeNot Launches Scorching IPO
ThinkstockRetailMeNot Inc. (NASDAQ: SALE) launched its initial public offering (IPO) this morning at a price of $21 a share, the mid-point of its expected range of $20 to $22. A total of more than…
Dodging Corporate Taxes Could Get More Difficult
ThinkstockThe Organization for Economic Cooperation and Development (OECD) has crafted a proposal to develop new rules over the next two years that would put an end to many of the tax avoidance gambits used…
KFC Takes On Chipotle, Panera, Noodles & Co.
courtesy of KFCThe fastest growing piece of the U.S. restaurant business is the fast-casual dining sector, perhaps best exemplified by Chipotle Mexican Grill Inc. (NYSE: CMG), Panera Bread Co. (NASDAQ: PNRA), and recently public Noodles…
REIT IPO Prices at Low End of Range
ThinkstockPhysicians Realty Trust (NYSE: DOC) priced its initial public offering (IPO) at $11.50 a share, the low end of the expected range of $11.50 to $13.50, but the firm offered 10.4 million shares instead…
Why Google Stock Will Still Go to $1,000
courtesy of Google Inc.No matter how you cut it, Google Inc. (NASDAQ: GOOG) delivered an earnings report that its stock price was not indicative of going into the company earnings. After closing at $910.68,…
Another Boeing 787 Problem
courtesy Boeing Co.Another 787 Dreamliner from Boeing Co. (NYSE: BA) was forced to return to its point of origin last night after an mechanical indicator warning light came on. The Japan Airlines flight returned…
Apple Buys a Mapping Company
ThinkstockIn what an obvious effort to beef up its widely panned iOS mapping capability, Apple Inc. (NASDAQ: AAPL) has acquired a small Canadian firm, Locationary, for an undisclosed sum. The company offers a local…
Top 10 Analyst Upgrades and Downgrades: AMD, ADM, Netflix and More
Jon OggInvestors and traders are constantly on the hunt for new research ideas that will generate higher income or more profits. 24/7 Wall St. reviews many analyst research calls from Wall Street and from…
Baker Hughes Earnings Could Be Better Than They Look
ThinkstockBaker Hughes Inc. (NYSE: BHI) reported second-quarter results before markets opened this morning. The oil field services firm posted adjusted diluted quarterly earnings per share (EPS) of $0.65 on revenues of $5.49 billion. In…
General Electric Counting on Orders and Backlog
courtesy of General ElectricGeneral Electric Co. (NYSE: GE) reported second-quarter 2013 results before markets opened this morning. The conglomerate posted adjusted diluted quarterly earnings per share (EPS) of $0.36 on revenues of $35.1 billion.…
Schlumberger Turns It Around in North America
ThinkstockSchlumberger Ltd. (NYSE: SLB) reported second-quarter 2013 results before markets opened this morning. The oil field services firm posted adjusted diluted quarterly earnings per share (EPS) of $1.15 on revenues of $11.18 billion. In…