ThinkstockCrude oil refiner Marathon Petroleum Corp. (NYSE: MPC) announced a cut to its second-quarter earnings estimates well after markets closed last night. Late last week the country’s largest refiner, Valero Energy Corp. (NYSE: VLO)…
Blackstone Group L.P. (NYSE: BX) has announced that it is launching its first alternative investment-focused mutual fund that offers daily liquidity. In short, this is a mutual fund that is comprised of investing hedge…
ThinkstockThe old saying is no pain, no gain. Unfortunately for RadioShack Corp. (NYSE: RSH) the saying for its investors and anyone associated with the company has been “Pain, and more pain!” RadioShack’s new CEO…
ThinkstockGambling machine maker Bally Technologies Inc. (NYSE: BYI) announced today that it has struck a definitive agreement to acquire SHFL entertainment Inc. (NASDAQ: SHFL) for $23.25 a share, or about $1.3 billion, in cash.…
ThinkstockTuesday morning’s economic releases included a gain in industrial production for the month of June. Production rose by 0.3%, rather than the 0.2% consensus expected by Bloomberg. Capacity utilization also managed to come in…
ThinkstockThe National Association of Home Builders (NAHB)/Wells Fargo housing market index rose by six points from 51 in June to 57 in July. Last month’s reading had been the highest for the index since…
ThinkstockUnemployment in the world’s developed countries is not forecast to improve much — if at all — through the end of 2014. At the end of April, the Organization for Economic Cooperation and Development…
Wikimedia CommonsJohnson & Johnson (NYSE: JNJ) reported second-quarter 2013 results before markets opened this morning. The health care giant reported quarterly adjusted diluted earnings per share (EPS) of $1.48 on revenue of $17.9 billion.…
ThinkstockThe U.S. Labor Department has released its inflation report for the month of June. Its Consumer Price Index (CPI), measuring consumer inflation, showed that prices were up by 0.5% on the headline CPI, but…
These are the top analyst downgrades, cautious research notes and stocks to sell from Wall Street for Tuesday, July 16, 2013. They include DaVita HealthCare, J.P. Morgan, Brinker International and Ford.
Wikimedia CommonsGoldman Sachs Group Inc. (NYSE: GS) reported second-quarter 2013 results before markets opened this morning. The investment bank and financial services giant reported quarterly diluted earnings per share (EPS) of $3.70 on revenue…
courtesy Best Buy Co. Inc.Despite a poor revised second-quarter gross domestic product (GDP) number of just 1.8%, there are undeniable signs that the U.S. economy is starting to improve. The housing market is showing…
These are the top analyst upgrades, downgrades and initiations from select Wall Street research calls on Tuesday, July 16, 2013. They include Baidu, Citigroup, GM, Ford and Yum! Brands.
ThinkstockUntil the advent of the fracking revolution, the glory days of the Permian Basin in West Texas were thought to be long over. Oil and gas companies had gone out of business, and the…
courtesy of The Coca-Cola CompanyThe Coca-Cola Co. (NYSE: KO) reported second-quarter 2013 results before markets opened this morning. The soft-drink maker posted diluted earnings per share (EPS) of $0.59 on revenues of $12.75 billion.…