ThinkstockIn its quarterly report on estimated e-commerce retail sales released today, the U.S. Census Bureau said that adjusted online sales jumped 15.6% year-over-year in the fourth quarter of 2012. On an unadjusted basis, sales…
ThinkstockCanadian-based Enbridge Inc. (NYSE: ENB) announced this morning that it is joining forces with a subsidiary of Energy Transfer Partners L.P. (NYSE: ETP) and Energy Transfer Equity L.P. (NYSE: ETE) to convert parts of…
ThinkstockAn international money transfer company, Xoom Corp. (NASDAQ: XOOM), held its initial public offering this morning. The shares were offered at $16 apiece, above the estimated range of $13 to $15 a share. About…
ThinkstockIn what could turn out to be one of those pot-calling-the-kettle-black moments, Moody’s Corp. (NYSE: MCO) ratings agency Moody’s Investors Service yesterday cut the debt rating of The McGraw-Hill Companies Inc. (NYSE: MHP) two…
ThinkstockOne of the world’s leading luxury brand has filed a suit against one of the world’s largest discount retailers over allegedly false claims on engagement rings. Tiffany & Co. (NYSE: TIF) is suing Costco…
ThinkstockBurger King Worldwide Inc. (NYSE: BKW) reported fourth-quarter and full year 2012 results before markets opened this morning. For the quarter, the fast-food operator posted adjusted diluted earnings per share (EPS) of $0.23 on…
ThinkstockBefore markets opened this morning, Kraft Foods Group Inc. (NASDAQ: KRFT) announced major cuts to its fourth quarter 2012 financial guidance. Kraft is the stodgy bit of the former Kraft Foods, with brands like…
ThinkstockEarly this afternoon Senate Democrats revealed their plan to replace the $85 billion cut to federal spending known as the sequester with a $110 billion package that raises $54 billion in new revenue and…
U.S. equity markets opened lower this morning, dragged down by weak economic data from Europe. Germany, France, Italy, and Greece all reported worse-than-expected GDP contraction for the fourth quarter of 2012, and the eurozone…
ThinkstockRecent cyber attacks on the Federal Reserve, The New York Times, and the Washington Post have raised the spectre of a new brand of warfare — cyber war. In a recent study conducted by…
ThinkstockA convenient rule-of-thumb regarding gasoline pump prices is that for every $1.00 increase in the price of a barrel of Brent crude, the pump price will rise by $0.025. Today’s average price of gasoline…
ThinkstockThe difference between professional services reviews posted to Angie’s List Inc. (NASDAQ: ANGI) and book reviews posted at Amazon.com Inc. (NASDAQ: AMZN) or the number of video views counted at Google Inc.’s (NASDAQ: GOOG)…
ThinkstockAlpha Natural Resources Inc. (NYSE: ANR) reported quarterly and full-year results this morning and managed to flop over a very low bar. The adjusted earnings per share (EPS) loss for the quarter was just…
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks declined by 157 billion cubic feet last week, less than the drop of 160 billion to 164 billion cubic feet anticipated…
ThinkstockHouston-based Endeavor International Corp. (NYSE: END) announced this morning that it has hired financial advisors to assist the firm in exploring a “broad range of strategic alternatives to further enhance shareholder value.” The company’s…
Wikimedia CommonsGeneral Motors Co. (NYSE: GM) reported fourth-quarter and full-year 2012 results before markets opened this morning. For the quarter, the automaker posted diluted earnings per share (EPS) of $0.54 on revenues of $39.3…
Wikimedia Commons, Public DomainPepsiCo Inc. (NYSE: PEP) reported fourth-quarter and full-year 20122 results before markets opened this morning. For the quarter, the food and beverage company posted adjusted diluted earnings per share (EPS) of…
ThinkstockBarrick Gold Corp. (NYSE: ABX) reported fourth-quarter and full-year 2012 earnings before markets opened this morning. For the quarter, the gold miner posted adjusted earnings per share (EPS) of $1.11 on revenues of $4.19…
ThinkstockApplied Materials Inc. (NASDAQ: AMAT) reported first quarter fiscal 2013 results after markets closed today. For the quarter, the semiconductor equipment maker posted adjusted earnings per share (EPS) of $0.06 on revenues of $1.57…
U.S. equity markets opened higher this morning following a closely watched report on U.S. retail sales came in about as expected (more coverage here). U.S. business inventories rose less than expected in December (more…