Today’s Market Winners and Losers
The stock market is mixed Monday, with the Dow Jones Industrial Average down 0.08%, the Nasdaq up 0.17% and the S&P 500 down 0.01%. Today’s winners are an online gaming firm that may benefit from…
Archive
Year: 2013
All Year: 2013 Articles
Newest first · Page 386HP Pokes Microsoft in the Eye
courtesy of Hewlett-PackardHewlett-Packard Co. (NYSE: HPQ) is hitting the morning wire with a couple of big stories. Yesterday the company said that it was preparing a 7-inch tablet, called the Slate 7, that would…
3D Systems Splits, Reports Earnings, Shares Slide
Thinkstock3D printing company 3D Systems Corp. (NYSE: DDD) held its planned 3-for-2 stock split this morning, and the company’s shares are trading slightly below the split price in premarket trading. Shares closed at $56.95…
BP Gulf Spill Trial Set to Begin
courtesy of BP plcNearly three years after the explosion and sinking of an oil rig in the Gulf of Mexico that killed 11 workers and spilled 5 million barrels of oil, a federal judge…
Top Analyst Upgrades and Downgrades (ABAX, ATVI, AFFY, AKAM, AIG, ETN, GILD, HNZ, IP, OXY, OMG, OC, PAAS, SWY, TTWO, TEVA, TPH, VMW)
Jon OggThese are some of this Monday’s top analyst upgrades, downgrades and initiations seen from Wall St. research calls. Abaxis Inc. (NASDAQ: ABAX) cut to Underperform from Neutral. Activision Blizzard Inc. (NASDAQ: ATVI) reiterated Buy…
Deadly Dialysis Injection Recall Implodes Affymax
ThinkstockAnother big implosion is taking place in the world of biotech and biohealth. Affymax Inc. (NASDAQ: AFFY) and Takeda Pharmaceutical announced over the weekend that they are going to voluntarily recall all lots of…
Another Piece of Chesapeake Going to China
ThinkstockChesapeake Energy Inc. (NYSE: CHK) parted with about $13 billion in assets last year in an effort to reduce the company’s massive debt burden. The sell-off for the new year is just getting started,…
Not Much to Crow About at Lowe’s
ThinkstockLowe’s Companies Inc. (NYSE: LOW) reported fourth-quarter diluted earnings per share (EPS) of $0.26 and $11.05 billion in revenues before markets opened this morning. In the same period a year ago, the home improvement…
Chinese Manufacturing Slows
ThinkstockChina’s economy has recovered, or perhaps it has not. The results continue to ping-pong around. The latest data released by HSBC and Markit show preliminary PMI for February for the People’s Republic was only 50.4. A reading of…
The White House Releases State-by-State Analysis of the Sequester
thinkstockIn an effort to up the ante on budget cut battles with Congress, the White House has released an analysis of state-by-state effects. The release may rally governors to the side of the president,…
Sony Unveils Its Waterproof Xperia Tablet Z
courtesy of Sony Corp.Sony Corp. (NYSE: SNE) wants to be in the tablet PC market. It is tardy. Apple Inc. (NASDAQ: AAPL) and Samsung, along with a number of second tier manufacturers, have been…
American Cities With the Highest (and Lowest) Taxes
ThinkstockTax season is here and, according to a recent report, American families in the nation’s largest cities will be shelling out 15% or more of their income, and that doesn’t even include federal taxes.…
What’s Important in the Financial World (2/25/2013)
Courtesy Maersk LineChinese Manufacturing Slows China’s economy has recovered, or perhaps it has not. The results continue to ping-pong around. The latest data released by HSBC and Markit show preliminary PMI for February for the People’s Republic was…
Barnes & Noble — Another Founder LBO?
ThinkstockThe Wall Street Journal published a rumor that Barnes & Noble Inc. (NYSE: BKS) chairman and large shareholder Leonard Riggio may try to takeover the part of the company that owns its stores through a leveraged buyout (LBO). Riggio may…
Apple and Nokia Race for Low End of Market
courtesy of Nokia Corp.Apparently both Apple Inc. (NASDAQ: AAPL) and Nokia Corp. (NYSE: NOK) have set a strategy to make more sales into the lower end of the global smartphone market. That could put…