600 Firings at NetApp: More of the Death of Growth
ThinkstockNetApp Inc. (NASDAQ: NTAP) is a former high-flyer in the broad storage sector, but this stock is just now confirming more of a story of the death of growth. This does not even sound…
Archive
Year: 2014
All Year: 2014 Articles
Newest first · Page 400Can Neil Young and Pono Music Unseat Apple iPod and iTunes?
PonoMusicThe world of music seems to be always changing, but what many consumers have not heard of in a while is the launch of yet another portable music player. Legendary musician Neil Young is…
The 4 Stocks That Dominated the Market on Wednesday
thinkstockMarch 12, 2014: Markets opened lower on Wednesday following a so-so trading day in Europe. Crude oil pulled back 2% after the EIA’s inventory report indicated a larger inventory gain than expected. In the…
Why Goldman Sachs Likes Rite Aid Even More Now
courtesy of RiteAidRite Aid Corporation (NYSE: RAD) is a turnaround which keeps on turning. That is the theory from Goldman Sachs at least. The brokerage firm upgraded shares of the retail drug store to…
Pfizer Will Appeal Court Decision Regarding Celebrex Reissue Patent
Wikimedia CommonsShares of drug maker Pfizer Inc. (NYSE: PFE) were halted Wednesday afternoon at $32.29, down about 0.4% from the opening price. The company announced that its patent infringement case against a number of…
Toyota’s Japanese Workers to Get Pay Hikes
Wikimedia CommonsToyota Motor Corp. (NYSE: TM) announced Wednesday morning that the company would raise workers’ base pay by 0.8% or $26 a month at the beginning of the new fiscal year that starts April…
Altria Gets Smoking Upgrade From S&P
It seems as though the U.S. cigarette business may not be on the way out any time soon. Standard & Poor's has upgraded Altria Group to a rating of BBB+ from BBB.
Herbalife Gets Investigative Demand Letter From FTC
Courtesy Herbalife Ltd.In a terse press release Wednesday morning, Herbalife Ltd. (NYSE: HLF) said that it has received a Civil Investigative Demand (CID) from the Federal Trade Commission (FTC). Trading in the company’s stock…
Will Its Bankruptcy Bail GM Out of Recall Liabilities?
GM has been taking it on the chin over its recalls. With congressional inquiries and investigations picking up, this sounds like it is really bad news. But the impact on the stock price so…
Rail Traffic Jam Could Take Months to Clear, Hurt Earnings
ThinkstockRecent bad weather, a surge in crude shipments and a record grain crop have combined to create a jam in cargo delivered by rail. Train speeds have dropped around 9% in past few months,…
GM Offers Owners of Recalled Cars a Loaner, Cash Back on New Purchase or Lease
GM has notified its dealers that they may provide owners of models identified as having the ignition switch defect with towing service, a loaner car and an offer of a $500 cash allowance on…
Tesla Loses New Jersey Sales Fight, Now Tries to Save Ohio
The New Jersey Motor Vehicle Commission on Tuesday voted to ban the direct sales model used by Tesla Motors to sell its cars. The next battleground state for Tesla is Ohio, where company officials…
Nine Retailers Closing the Most Stores
ThinkstockBrick-and-mortar retailers have been suffering from slow economic activity for years, as well as from increased competition from online retailers. The rise in store closings is a prominent sign of their struggles. Weakened companies…
OPEC Forecasts Higher Crude Demand in 2014
ThinkstockThe Organization of Petroleum Exporting Countries (OPEC) released its Monthly Oil Market Report Wednesday morning, and the headline number is an increase of 50,000 barrels a day to the cartel’s estimated demand growth for…
SolarCity Teams Up With Best Buy to Sell Solar
SolarCity and Best Buy have teamed up to help customers go solar. The aim for the solar panel installer is to get face time with shoppers to explain how much money they could save.…