Archive

Year: 2013

All Year: 2013 Articles

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Skechers Shares Halted — KPMG Was Firm’s Auditor

ThinkstockShares of footwear maker Skechers USA Inc. (NYSE: SKX) were halted at 10:27 a.m. ET this morning. The company, based in Manhattan Beach, California, may be the second firm from which KPMG resigned as…

Paul Ausick · 13 years ago

Herbalife Shares Halted, Auditing Firm Resigns

Courtesy Herbalife Ltd.Shares of Herbalife Ltd. (NYSE: HLF) were halted this morning pending a news release. When the news actually hit — The New York Times DealBook blog reported it first — it took…

Paul Ausick · 13 years ago

Big Drop in Wholesale Inventories as Sales Surge

ThinkstockWholesale inventories and sales should be a relevant economic reading, but the one month lag can mute the reaction to the news. The Commerce Department reported that wholesale inventories were down 0.3% and sales…

Jon C. Ogg · 13 years ago

Alcoa Needs to Lose Earnings Season Indicator Status

ThinkstockAlcoa Inc. (NYSE: AA) is an overrated stock, and even the company itself might admit that its global importance is perhaps a bit of a stretch. Wall St. tries each quarter to use the…

Jon C. Ogg · 13 years ago

Earthquake Strikes Iran

ThinkstockThe U.S. Geological Survey is reporting a magnitude 6.3 earthquake about 89 kilometers southeast of the Iranian city of Bushehr, the site of that country’s main nuclear energy development effort. There is no other…

Paul Ausick · 13 years ago

The Most Popular Mobile Apps in the World

courtesy of SamsungWith more than a billion smartphones in use around the world, it is entertaining, if not instructive, to look at what those phones are used for. Would you be surprised to find…

Paul Ausick · 13 years ago

Sugar-for-Ethanol Purchase Now One Step Closer

ThinkstockThe U.S. Department of Agriculture has sent a proposal to President Obama spelling out the details of a sale of as much as 400,000 tons of surplus sugar to U.S. ethanol makers. Sugar prices…

Paul Ausick · 13 years ago

China Sees Mild Inflation in March

ThinkstockChina released inflation data for March, and the numbers received mixed reviews. One set of analysts believes that a lack of price increases will give consumers and businesses more purchasing power. In other words,…

Douglas A. McIntyre · 13 years ago

Ford Celebrates Global Sales

courtesy Ford Motor Co.Ford Motor Co. (NYSE: F) announced that its Focus was the best-selling car in the world last year, at least based on data from research firm Polk. What Ford passed on…

Douglas A. McIntyre · 13 years ago

Portuguese Prime Minister Warns Citizens to Expect More Austerity

ThinkstockAfter a battle between Portugal’s top court and its central government over the constitutionality of certain austerity measures, the prime minister says he will pursue any legal means he can to cut deficits. This,…

Douglas A. McIntyre · 13 years ago