Archive

Year: 2013

All Year: 2013 Articles

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Hope of a BlackBerry Co-founders Rival Bid: From Hype to Despair

ThinkstockBlackBerry Ltd. (NASDAQ: BBRY) is highly troubled. News that more possible bidders are interested in competing against Fairfax Financial Holdings Ltd. (NYSE: FFH) to take the company private is surprising and obvious at the…

Jon C. Ogg · 13 years ago

Consumer Sentiment Down the Drain: More Pain Ahead Likely

ThinkstockThe Thomson Reuters/University of Michigan preliminary consumer sentiment index for October dropped to 75.2 from a final reading of 77.5 in August. The October index is the lowest reading since January. Economists were expecting…

Paul Ausick · 13 years ago

Nomura Says to Sell Philip Morris International Now

ThinkstockPhilip Morris International Inc. (NYSE: PM) has experienced more than impressive growth in both its share price and its profits in the past four years. Lately its gains have petered out. The problem is…

Jon C. Ogg · 13 years ago

Ethanol Production Mandate Could Be Slashed

ThinkstockBattered by a host of complaints from refiners and blenders, the U.S. Environmental Protection Agency (EPA) is reported to be considering a reduction to the amount of ethanol required to be blended with gasoline…

Paul Ausick · 13 years ago

UBS Updates Dividend Ruler Stocks: Dividend Growth Remains the Top Priority

ThinkstockHigh-yielding dividend stocks (such as utilities and telecom sector stocks) have significantly underperformed both the S&P 500 and high-dividend growth stocks over the past five months as interest rates have increased. Despite this underperformance, S&P 500 stocks…

Trey Thoelcke · 13 years ago

Mortgage Business Weighs on Wells Fargo Earnings

ThinkstockWells Fargo & Co. (NYSE: WFC) reported third-quarter results before markets opened Friday morning. The bank posted diluted earnings per share (EPS) that totaled $0.99 on revenue of $20.5 billion. In the same period…

Paul Ausick · 13 years ago

Legal Expenses Are a Drag on J.P. Morgan Earnings

Wikimedia CommonsJ.P. Morgan Chase & Co. (NYSE: JPM) reported third-quarter results before markets opened Friday morning. The investment bank and financial services giant posted adjusted diluted earnings per share (EPS) of $1.42 on revenue…

Paul Ausick · 13 years ago

Can Starbucks Change Washington and Save the U.S.? No

courtesy of StarbucksFor a number of years, Starbucks Corp. (NASDAQ: SBUX) CEO Howard Schultz has displayed a sort of arrogance about what he, and sometimes his coffee company, can do to save the world. The…

Douglas A. McIntyre · 13 years ago

Why No One Wants to Buy an Electric Car

Courtesy Toyota Motor Corp.The very modest success of Tesla Motors Inc. (NASDAQ: TSLA) has been used as proof that the electric car has come of age and demand for these autos will soar. Nothing could…

Douglas A. McIntyre · 13 years ago

China Says GDP Can Grow at 7.6% — If It Gets Some Help

ThinkstockYi Gang, the deputy governor of the People’s Bank of China, recently said that the world’s second largest economy has recovered from a nasty period in the first half of 2013. The Chinese miracle…

Douglas A. McIntyre · 13 years ago

Micron Technology Company Earnings Disappoint Investors

ThinkstockMicron Technology Inc. (NASDAQ: MU) reported fourth-quarter and fiscal year 2013 results after markets closed Thursday. The semiconductor company reported adjusted diluted earnings per share (EPS) of $0.20 on revenue of $2.84 billion. In…

Paul Ausick · 13 years ago

Activision Blizzard Gets Court OK for Stock Buyback

courtesy GameStop Corp.The $8.2 billion deal that Activision Blizzard Inc. (NASDAQ: ATVI) made to repurchase its stock from France’s Vivendi S.A. was reinstated Thursday afternoon by the Delaware Supreme Court just in time for the…

Paul Ausick · 13 years ago

Antero Resources IPO Strikes Wall Street Oil

ThinkstockThe initial public offering (IPO) of Antero Resources Corp. (NYSE: AR) got a lot of attention in June when the firm’s controlling owner, private equity firm Warburg Pincus LLC, filed for an IPO of…

Paul Ausick · 13 years ago