ThinkstockBrewer Boston Beer Co. (NYSE: SAM) raised its full fiscal year guidance this morning, giving an initial lift to competitors Anheuser-Busch InBev SA/NV (NYSE: BUD) and Molson Coors Brewing Co. (NYSE: TAP) that quickly…
ThinkstockAfter a tortured pricing process, solar PV installer SolarCity Corp. (NASDAQ: SCTY) completed its IPO today, with 11.5 million shares offered at $8 a share. The IPO price was well below the initial range…
ThinkstockAt an investor conference this morning, the CEO of Phillips 66 (NYSE: PSX) that the company will commit some of its oil and gas transportation (midstream) assets to the formation of a new master…
ThinkstockIn a settlement announcement today, the European Union’s competition commission formally accepted the offer from Apple Inc. (NASDAQ: AAPL) and four publishing houses that will substantially change the rules under which Apple and the…
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks rose by a total of just 2 billion cubic feet last week, inline with an expected increase of 4 billion cubic…
ThinkstockThe U.S. Census Bureau reported this morning that U.S. business inventories rose 0.4% month-over-month in October, inline with the consensus estimate published by Bloomberg. Trade sales and manufacturers’ shipments fell 0.4% month-over-month, but were…
ThinkstockU.S. small business owners are planning to put capital spending on hold next year, according to a recent survey by Gallup. Only 20% of business owners expect to increase capital spending in 2013, compared…
ThinkstockThe U.S. Bureau of Labor Statistics reported this morning that prices for finished goods fell 0.8% in November, better than Bloomberg’s consensus estimate for a 0.5% drop. Excluding food and energy costs, producer prices…
ThinkstockThis morning’s report on U.S. November retail sales showed a seasonally adjusted rise of 0.3% month-over-month and a 3.7% rise over the total for November 2011. Total sales for the past three months were…
Ed Brown, via Wikimedia CommonsThe U.S. Labor Department is out with its report on weekly jobless claims. There was a big drop of 27,000 claims, down to 343,000. Bloomberg had a consensus estimate of…
courtesy Best Buy Co. Inc.The founder of Best Buy Co. Inc. (NYSE: BBY) is preparing to make a fully financed offer for the company no later than this Sunday. The offer is expected to…
ThinkstockIn a filing today with the SEC, Sprint Nextel Corp. (NYSE: S) announced that it is making an offer to buy the 740 million shares (49%) of Clearwire Corp. (NASDAQ: CLWR) it does not…
ThinkstockPier 1 Imports Inc. (NYSE: PIR) reported third-quarter fiscal 2013 results before the markets opened this morning. The home furnishing retailer reported adjusted diluted earnings per share (EPS) of $0.25 on revenues of $424.5…
U.S. equity markets opened higher this morning following yesterday’s gains with another good start. In Asia, the North Korean rocket launch did not cause markets to run for cover and a very solid report…
ThinkstockTablet devices like the iPad from Apple Inc. (NASDAQ: AAPL), the Nexus 7 and Nexus 10 from Google Inc. (NASDAQ: GOOG), the Kindle Fire from Amazon.com Inc. (NASDAQ: AMZN), and the Galaxy Tab from…
courtesy Honda Motor Co.Honda Motor Co. (NYSE: HMC) today issued a recall on more than 800,000 of the automaker’s minivans and sport utility vehicles manufactured between 2003 and 2006. The recall is due to…
flickr / walmartcorporateSolar PV installer SolarCity Corp. was scheduled to hold its IPO today, offering 11.5 million shares in a price range of $13 to $15 a share. That didn’t work out too well.…
courtesy of AppleIn 2012, shipments of tablet devices is expected to rise by 75% while shipments of notebook PCs are slated to rise just 2% and decline by 28% for mini-notebooks. We noted earlier…
The US Energy Information Administration (EIA) released its weekly petroleum status report this morning. US commercial crude inventories increased by 800,000 barrels last week, bringing the total US commercial crude inventory to 372.6 million…
ThinkstockOnline spending totaled $1.275 billion on Green Monday (December 10th), up 13% year-over-year according to research firm comScore Inc. (NASDAQ: SCOR). For the first 40 days of the holiday shopping season, online spending is…