Small Business Optimism Faded in June
ThinkstockThe National Federation of Independent Business (NFIB) this morning reported a drop of 0.9 points in its small business optimism index, from 94.4 in May to 93.5 in June. The May index was the…
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Year: 2013
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Newest first · Page 195Top Analyst Downgrades and Stocks to Sell: Barrick Gold, DuPont, IBM and More
These are the top analyst downgrades, cautious research notes and stocks to sell from Wall Street for Tuesday, July 9, 2013. They include Barrick Gold, DuPont, IBM, Intuitive Surgical and Wells Fargo.
Kroger Pays $2.5 Billion for Supermarket Chain
ThinkstockThe Kroger Co. (NYSE: KR) today announced that it would acquire supermarket chain Harris Teeter Supermarkets Inc. (NYSE: HTSI) for $49.38 a share in cash, or about $2.5 billion. The price represents a premium…
NYSE Euronext Gets Chance to Clean Up Libor
ThinkstockThe change was inevitable. The British Bankers Association has been kicked out as the controller of the London Interbank Offered Rate, better known as Libor, and replaced by NYSE Euronext Inc. (NYSE: NYX). Libor…
White House Posts New U.S. Deficit Guess: 2017 Will Be a Very Good Year
thinkstockMost federal debt and deficit forecasts, whether from the White House Office of Management and Budget or the Congressional Budget Office, show America’s situation as greatly improved five or 10 years from now. Those…
States That Drink the Most Beer
ThinkstockAfter falling for three straight years, U.S. beer consumption finally leveled off last year. In 2012, the country consumed 28.2 gallons of beer for every adult of legal age. Annual beer consumption varies widely…
Apple iPhone Production Will Not Drop
ThinkstockAn analyst from a tiny research firm claimed that production of Apple Inc. (NASDAQ: AAPL) iPhones will decline 20% in the second half. The claim does not hold water. Even the largest research houses…
As Barnes & Noble Nook Fails, New CEO Will Not Matter
ThinkstockAs former Barnes & Noble Inc. (NYSE: BKS) CEO William Lynch took the fall for the failure of the company’s e-commerce business, the man who controls the company — Leonard Riggio — got to…
IMF Suggests Bank Reform and Steps to Support Demand in Europe
ThinkstockIt is a shame that the International Monetary Fund (IMF) can only suggest solutions to the European financial crisis and the devastation of jobs and economic recession that has come in its aftermath. Most…
Barnes & Noble (BKS) Dumps CEO
ThinkstockThe chief executive officer of Barnes & Noble Inc. (NYSE: BKS) never really ran the company. The family that has control of the book firm did. But someone had to be the fall guy…
Royal Dutch Shell Gets New CEO
ThinkstockFor once, a huge company has changed CEOs on schedule, without scandal or the trigger of poor financial performance. Royal Dutch Shell PLC (NYSE: RDS-B) appointed its refining boss as the new chief, effective…
Alcoa Company Earnings Better Than Feared
ThinkstockAlcoa Inc. (NYSE: AA) reported second-quarter fiscal 2013 results after markets closed today. The aluminum miner and refiner reported quarterly adjusted diluted earnings per share (EPS) of $0.07 on revenues of $5.8 billion. In…
Closing Bell for Monday on Wall Street: Markets Open Higher, Mostly Maintain Gains
July 8, 2013: U.S. equity markets opened higher this morning following a long holiday weekend interrupted by Friday’s report on jobs and the unemployment rate. In Europe, the troika of the EC, the ECB,…
Memo to Howard Schultz at Starbucks: Someone Will Get Hurt
courtesy of StarbucksStarbucks Corp. (NASDAQ: SBUX) breaths high level food retail. The employees are well educated, well spoken and well mannered. The stores are clean, even down to the restrooms. However, there is one…
Alcoa Company Earnings Preview: Uh-Oh
ThinkstockFrom those from whom not much is expected, not much is likely to be delivered. The consensus estimate for second-quarter earnings from Alcoa Inc. (NYSE: AA) have dropped about 60% in the past 90…