AutoZone Inc. (NYSE: AZO) reported first quarter fiscal 2013 results before markets opened this morning. The auto parts retailer reported quarterly diluted earnings per share (EPS) of $5.41 on revenues of $1.99 billion. In…
Toll Brothers Inc. (NYSE: TOL) reported fourth-quarter and full-year fiscal 2012 results before markets opened this morning. The luxury homebuilder reported quarterly diluted earnings per share (EPS) $2.35 on revenues of $632.8 million. In…
Big Lots Inc. (NYSE: BIG) reported third quarter 2012 results before markets opened this morning. The close-out retailer reported a diluted earnings per share (EPS) loss of $0.10 on revenues of $1.1 billion. In…
Oracle Corp. (NASDAQ: ORCL) announced after markets closed today that it would accelerate its dividend payments for the second, third and fourth quarters of its 2013 fiscal year. The company will pay shareholders of…
U.S. equity markets opened higher this morning as last Friday’s Moody’s downgrade of the European Stability Mechanism and the European Financial Stability Fund were overridden by a PMI reading for the eurozone came in…
We noted earlier this morning that U.S. new car sales continue to rise in November, but a few of the usual suspects had not reported sales at the time. But all the major manufacturers…
Nearly half the respondents in a recent study said they would consider getting a mortgage through eBay Inc.’s (NASDAQ: EBAY) PayPal. And one of three would consider a mortgage from Wal-Mart Stores Inc. (NYSE:…
The CEO of Time Warner Cable Inc. (NYSE: TWC) today told an investor conference that programming is “just starting to cost too much,” and that his company will be taking a “hard look” at…
A second major bank is near a settlement agreement with regulators related to charges of manipulating the Libor interest rate. Swiss banking giant UBS A.G. (NYSE: UBS) is expected to agree to pay at…
Uber bank Credit Suisse Group (NYSE: CS) said today that it would begin charging customers a negative interest rate on deposits of Swiss francs beginning on December 10th. The bank did not say what…
The U.S. Census Bureau reported this morning that construction spending in October rose by 1.4% to an estimated seasonally adjusted annual rate of $872.1 billion from a revised estimate of $860.4 billion from September.…
Automakers are releasing November U.S. sales figures today and the news continues to look good for most of the companies. Ford Motor Co. (NYSE: F) and Nissan both cruised past analysts’ estimates for sales…
Before BP PLC (NYSE: BP) agreed to sell its 50% stake in Russia-based oil company TNK-BP, the company tried to negotiate an alliance with eventual acquirer Rosneft. That did not work out, and it…
Canadian Pacific Railway Ltd. (NYSE: CP) this morning announced that it will take a pretax, noncash fourth-quarter charge of $180 million related to its option to build an extension of its network into the…
In early November, Dean Foods Inc. (NYSE: DF) said that it was going to look for a buyer for the company’s Morningstar wholesale delivery dairy business. That search ended this morning with the announcement…
U.S. agribusiness giant Archer Daniels Midland Co. (NYSE: ADM) this morning announced that it has increased its offer for Australian grain grower and marketer GrainCorp from AUS$11.75 (about US$12.25 at today’s exchange rate) to…
U.S. made luxury cars have become all but extinct, as buyers have deserted the iconic U.S. brands for foreign models from Mercedes-Benz, BMW, Lexus and others. We noted earlier today that the General Motors…
LDK Solar Co. Ltd. (NYSE: LDK) reported third-quarter 2012 results before markets opened this morning. The solar PV maker reported a diluted earnings per American depositary share (ADS) loss of $1.08 on revenues of…
U.S. equity markets opened mixed this morning, but some initial enthusiasm wore off by mid-morning and stocks moved slightly lower throughout the day. In Europe, unemployment rose more than expected (more coverage here) and…
According to October data published today by comScore Inc. (NASDAQ: SCOR), the mobile handset market share leader continues to be Samsung Electronics, followed by LG Electronics, Apple Inc. (NASDAQ: AAPL), Motorola, now part of…