ThinkstockCasino owner and operator Penn National Gaming Inc. (NASDAQ: PENN) announced this morning that it will spin off its real estate assets into a separate, publicly traded REIT in a transaction that is tax-free…
Wikimedia CommonsAthletic footwear maker Nike Inc. (NYSE: NKE) today announced that it is selling its Cole Haan brand to private equity firm Apax Partners for $570 million. The company expects the transaction to be…
ThinkstockWhen California gasoline prices topped $5 a gallon early last month, the state’s big refiners said they were performing maintenance at some of the plants and a couple were recovering from forced shutdowns due…
Dwight Burdette, via Wikimedia CommonsFoot Locker Inc. (NYSE: FL) reported third-quarter 2012 adjusted diluted earnings per share (EPS) of $0.63 and $1.52 billion in revenues before markets opened this morning. In the same period…
ThinkstockThe J.M. Smucker Co. (NYSE: SJM) reported second-quarter fiscal 2013 adjusted diluted earnings per share (EPS) of $1.45 and $1.63 billion in revenues before markets opened this morning. In the same period a year…
courtesy of Hostess Brands Inc.Hostess Brands Inc., a privately held firm that makes Twinkies, Wonder Bread and other bakery products, is set to seek permission from a bankruptcy court to close down, perhaps as…
ThinkstockApplied Materials Inc. (NASDAQ: AMAT) reported fourth fiscal quarter 2012 earnings after markets closed today. For the quarter, the semiconductor manufacturing equipment maker posted adjusted diluted earnings per share (EPS) of $0.06 and revenues…
U.S. equity markets opened higher this morning but quickly turned south and bounced around lower all day. In Europe, the eurozone notched its second consecutive quarter of negative GDP growth, tossing the single currency…
courtesy of BP plcIn a press conference this afternoon, the U.S. Department of Justice said that two employees of BP plc (NYSE: BP) will be charged in a 23-count criminal indictment with manslaughter and…
courtesy Boeing Co.Boeing Co. (NYSE: BA) stock isn’t moving much today even though the company has made a couple of statements that are fairly positive. First, the company says it has completed the ‘Firm…
courtesy of BP plcBP plc (NYSE: BP) has agreed to pay a total of $4.5 billion dollars and to plead guilty to 11 felony charges in a criminal case brought by the U.S. Department…
ThinkstockIn its third major computer outage since June of last year, United Airlines has once again left passengers waiting at its gates at major airports around the country. United Continental Holdings Inc. (NYSE: UAL)…
ThinkstockThe US Energy Information Administration (EIA) released its weekly petroleum status report this morning. US commercial crude inventories rose by 1.1 million barrels last week, bringing the total US commercial crude inventory to 375.9…
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks declined by a total of 18 billion cubic feet, more than the 14 billion cubic feet decline that analysts were expecting.…
ThinkstockIn remarks at an economic conference in West Virginia, Richmond Fed President Jeffrey Lacker reviewed the role of monetary policy as he sees it and the role the Fed plays in implementing that policy.…
courtesy GameStop Corp.GameStop Corp. (NYSE: GME) reported third-quarter 2012 adjusted diluted earnings per share (EPS) of $0.38 and $1.77 billion in revenues before markets opened this morning. In the same period a year ago,…
courtesy of McDonald'sFast-food giant McDonald’s Corp. (NYSE: MCD) announced this morning that it is replacing the president of its McDonald’s USA division, Jan Fields, with current global chief restaurant officer, Jeff Stratton, effective December…
courtesy of BP plcA report at the BBC claims the fine against BP PLC (NYSE: BP) in the settlement of criminal charges related to the explosion of the Deepwater Horizon in 2010 will be…
courtesy of TargetTarget Corp. (NYSE: TGT) reported third-quarter 2012 adjusted diluted earnings per share (EPS) of $0.90 and $16.93 billion in revenues before markets opened this morning. In the same period a year ago,…
courtesy of Wal-Mart StoresWal-Mart Stores Inc. (NYSE: WMT) reported third-quarter 2013 diluted earnings per share (EPS) of $1.08 and $113.2 billion in revenues before markets opened this morning. In the same period a year…