ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 6.4% in the group’s seasonally adjusted composite index, following a drop of 0.6% for the previous…
ThinkstockAfter denying rumors earlier this week that its CEO was considering resigning, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) announced Wednesday morning that President and Chief Executive Jeremy Levin indeed will depart from the company.…
Courtesy Volkswagen AGThe Volkswagen Group means to become the world’s largest car manufacturer as measured by unit sales. That means it will have to push ahead of longtime leaders General Motors Co. (NYSE: GM)…
courtesy of General MotorsThe Treasury Department’s SIGTARP report to Congress shows that taxpayers lost $9.695 billion on the General Motors Co. (NYSE: GM) bailout, once loan repayments and stock sales were taken into account. The…
ThinkstockRetails sales in the United States totaled $425.9 billion in September, according to new data from the U.S. Census Bureau. That was a seasonally adjusted 0.1% decrease from the previous month, the first decline…
courtesy, Lenovo Group LimitedLenovo, the China-based PC company, released its new Yoga Tablet and claimed it would revolutionize the portable computer device world. That claim can be added to dozens of others by the…
Electronic Arts Inc.Electronic Arts Inc. (NASDAQ: EA) reported a second fiscal quarter 2014 results after markets closed on Tuesday. The games company posted adjusted diluted EPS of $0.33 and $1.04 billion in non-GAAP revenue.…
Yelp Inc. (NYSE: YELP) may have the greatest peer-review website out there, but its earnings report is leaving a lot of investors holding the bag after a serious surge. Yelp’s quarterly loss widened out…
October 29, 2013: U.S. markets opened higher Tuesday morning following the report on PPI which showed inflation remaining very low and indicating that the FOMC meeting which began today will conclude with asset purchases remaining…
LinkedIn Corp. (NYSE: LNKD) has managed to beat earnings expectations at every single quarterly earnings report. Now the social network for professionals has reported sales growth of 56% to $393 million. Earnings came in…
The National Rifle Association is perhaps best known for gun-ownership rights and lobbying hard against any efforts to limit those rights. How many individuals consider the NRA a great publishing house? Apparently, the answer…
courtesy of SamsungDuring the third calendar quarter this year 11% of mobile phone subscribers decided to replace or upgrade their phones. Of that number, nearly 80% chose a smartphone. According to research from Nielsen,…
Courtesy BlackBerryBlackBerry Limited (NASDAQ: BBRY) is a merger story that just refuses to go away. Fairfax is the interested party at $9.00 per share, and there have been published rumors and written reports discussing…
ThinkstockOil industry data and publishing firm Platts announced on Tuesday its annual list of the top 250 global energy companies. This marks the twelfth year that Platts has compiled its listing. The top company…
Jon OggInternational Business Machines Corp. (NYSE: IBM) has just lived up to its promise of endless share buybacks with a greatly expanded share buyback plan. The goal is to keep buying up the stock…