Courtesy Herbalife Ltd.Activist hedge fund Pershing Square Capital Management has cut its short position in Herbalife Ltd. (NYSE: HLF) by more than 40%, according to a letter from CEO William Ackman. The firm made…
ThinkstockVeeva Systems Inc., a California-based company that makes cloud software solutions for the life sciences industry, has filed an amended Form S-1 with the Securities and Exchange Commission for an initial public offering (IPO)…
Ed Brown, via Wikimedia CommonsThe U.S. Labor Department is, at least as of last look, not expected to release the unemployment situation and the nonfarm payrolls report on Friday due to the government shutdown.…
ThinkstockConstellation Brands Inc. (NYSE: STZ) reported second-quarter fiscal 2014 adjusted diluted earnings per share (EPS) of $0.96 on revenue of $1.46 billion. In the same period a year ago, the premium wine and beverage company…
ThinkstockAfter the market implosion of 2007 and 2008, the major U.S. banks were all reeling from the same disease. The housing bust and the slew of horrible mortgage backed securities deals that were floated…
Jon OggWith the government shut down and with the debt ceiling debate breathing down everyone’s neck, investors have to be wondering what they should buy, sell and hold (or even avoid). Stocks have come…
courtesy of Tesla MotorsTesla Motors Inc. (NASDAQ: TSLA) has defied logic when it comes to valuation for a car company. We have by and large stopped tallying up valuation metrics because there are forces driving…
ThinkstockUntil yesterday, ING was the title sponsor of the New York City Marathon. The deal made sense as ING Groep N.V. (NYSE: ING) sells products to consumers and has hundreds of thousands of customers.…
courtesy J.C. Penney Co. Inc.The National Retail Federation (NRF) reports that the industry should post a 3.9% increase in sales to $602.1 billion. On its face, the number looks good. However, if the forecast…
ThinkstockWomen made up almost half of the workforce last year, and yet were paid only 77 cents for every dollar men made. This wage gap varies considerably among states. Women in Maryland and Vermont,…
courtesy of BP plcLong after the Deepwater Horizon disaster, BP PLC (NYSE: BP) continues to battle those who do not believe they were adequately compensated for the fallout. This has moved into the courts.…
Courtesy of Tesla MotorsA video of a Tesla Motors Inc. (NASDAQ: TSLA) car on fire that was posted on Google Inc.’s (NASDAQ: GOOG) YouTube helped push the firm’s stock price down by nearly 10%.…
ThinkstockExchange traded funds (ETFs) almost undoubtedly have unseated mutual funds in their importance in the daily swings in the stock and bond markets. Mutual funds are still important to the markets, but these ETF inflows…
October 2, 2013: U.S. markets opened lower Wednesday following the ADP report on employment which showed a smaller than expected gain in non-farm jobs in September. A later report from TrimTabs was even weaker.…
ThinkstockAs the saying goes, “It ain’t over til it’s over,” and the bankruptcy auction for the assets of LightSquared L.P. may never be over. But at least it is a step closer. On Monday…