The S&P/Case-Shiller home price index for November was higher for the eighth consecutive month. The 20-city composite rose 5.5% in November, lower than the consensus expectation for a rise of 5.8%, but still well…
ThinkstockValero Energy Corp. (NYSE: VLO) reported fourth-quarter and full-year results before markets opened this morning. For the quarter, the oil refiner posted adjusted diluted earnings per share (EPS) of $1.82 on revenues of $34.69…
courtesy J.C. Penney Co. Inc.A dispute between Martha Stewart Living Omnimedia Inc. (NYSE: MSO) and Macy’s Inc. (NYSE: M) over a licensing deal between Stewart and J.C. Penney Co. Inc. (NYSE: JCP) is set…
courtesy of Ford Motor CompanyFord Motor Co. (NYSE: F) reported fourth-quarter and full-year results before markets opened this morning. For the quarter, the automaker posted adjusted diluted earnings per share (EPS) of $0.40 on…
ThinkstockVMware Inc. (NYSE: VMW) reported fourth quarter and full year 2012 results after markets closed today. For the quarter, the virtualization software maker posted adjusted diluted earnings per share (EPS) of $0.81 on revenues…
U.S. equity markets opened mixed this morning on relatively little new data. In Europe, Italian consumer confidence rose more than expected and Germany auctioned 12-month bills at a positive yield for the first time…
CNBCThe Federal Trade Commission (FTC) today launched an investigation in what it believes to be an illegal pyramid scheme. The company involved is Fortune Hi-Tech Marketing, a multi-level marketing company that has been in…
Courtesy General Motors Co.A new 450,000-square foot paint shop, a new stamping press, and other upgrades to the General Motors Co. (NYSE: GM) Fairfax plant in Kansas City will cost the company $600 million.…
courtesy of Kia MediaIn December 2012, new car and light truck sales in the U.S. came in at about 15.4 million units sold. According to TrueCar.com, forecast sales for January put new light vehicle…
ThinkstockThe kinds of jobs that don’t require a college degree probably hasn’t changed much in the last 30 or more years. What has changed is the number of those jobs now filled by college…
ThinkstockAs if anyone needed more evidence of the difficult path to profits in the oil refining business, Hess Corp. (NYSE: HES) said this morning that it will shut down its Port Reading, N.J., refinery…
courtesy of Chevron Corp.In documents filed with the federal district court in Manhattan this morning, Chevron Corp. (NYSE: CVX) for the first time included evidence of bribery in the $18 billion judgment against the…
ThinkstockWe have tracked the key short interest changes as of December 15 in the following oil and gas leaders: Baker Hughes Inc. (NYSE: BHI), BP PLC (NYSE: BP), Chesapeake Energy Corp. (NYSE: CHK); Chevron…
ThinkstockThe National Association of Realtors (NAR) this morning released its data on pending home sales in December. The index fell 4.3% from a downwardly revised 106.3 in November to 101.7, and it is 6.9%…
thinkstockWe have tracked the key short interest changes as of January 15 in the following large cap stocks: General Electric Co. (NYSE: GE), Nokia Corp. (NYSE: NOK), Bank of America Corp. (NYSE: BAC), Verizon…
ThinkstockWe have tracked the key short interest changes as of January 15 in the following semiconductor leaders: Intel Corp. (NASDAQ: INTC), Advanced Micro Devices Inc. (NYSE: AMD), Micron Technology Inc. (NASDAQ: MU), SanDisk Corp.…
ThinkstockThe recent agreement on the U.S. debt ceiling has removed the near-term risk to the United States’ AAA sovereign debt rating, according to Fitch Ratings. The agency said, “Without the distraction of a near-term…
ThinkstockCaterpillar Inc. (NYSE: CAT) reported fourth-quarter and full-year 2012 results before markets opened this morning. For the quarter, the heavy equipment firm posted diluted earnings per share (EPS) of $1.04 on revenues of $16.08…
ThinkstockBiogen Idec Inc. (NASDAQ: BIIB) reported fourth-quarter and full-year 2012 results before markets opened this morning. For the quarter, the biotech firm posted adjusted diluted earnings per share (EPS) of $1.40 on revenues of…
courtesy of Apple Inc.The two leaders in smartphone shipments, Apple Inc. (NASDAQ: AAPL) and Google Inc. (NASDAQ: GOOG), widened their lead over competitors in 2012, according to data released today by research firm Strategy…