The flash estimate for eurozone inflation in September is 2.7%, up from 2.6% in August, according to Eurostat, the European Union’s statistical agency. Economists polled by Bloomberg had expected a decrease to 2.4%. The…
Walgreen Co. (NYSE: WAG) reported fiscal fourth-quarter 2012 earnings per share (EPS) of $0.63 on revenue of $17.07 billion. In the same period a year ago, the country’s largest drug store chain reported EPS…
The Finish Line Inc. (NASDAQ: FINL) reported fiscal second-quarter 2013 diluted earnings per share (EPS) of $0.39 on revenue of $385 million. In the same period a year ago, the athletic gear retailer reported…
Nike Inc. (NYSE: NKE) reported fiscal first quarter 2013 diluted earnings per share (EPS) of $1.23 on revenue of $6.67 billion. In the same period a year ago, the sporting goods maker reported diluted…
The three major U.S. stock indexes opened higher this morning as markets shook off weak news from Europe in favor of better news from Asia. In Europe, German unemployment stayed at 8.6% (more coverage…
Offshore driller Transocean Ltd. (NYSE: RIG) said today that the company has been served with a temporary injunction by a federal court in Rio de Janeiro requiring that the company cease its Brazilian operations…
The government of Spain today released its 2013 budget and outlined the economic reforms it will take to meet the conditions that are sure to be imposed on the country if it should seek…
Saying that demand will be soft and prices will be low, Moody’s today changed its outlook for the U.S. steel industry to ‘negative’, indicating that conditions in the steel business will get worse over…
ThinkstockWhen the U.S. EPA released its first study of possible groundwater contamination near Pavillion, Wyoming, last December, Encana Corp. (NYSE: ECA) said the results didn’t prove anything. At issue was the possibility of contamination…
The European Union’s antitrust regulator is preparing to launch an official investigation into a failure by Microsoft Corp. (NASDAQ: MSFT) to comply with a 2009 ruling requiring the company to make it easier for…
The U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks rose by a total of 80 billion cubic feet, somewhat higher than the 76 billion cubic feet that analysts were expecting.…
The National Association of Realtors (NAR) this morning released its data on pending home sales in August. The index fell from a two-year high of an upwardly revised reading of 101.9 in July to…
In a long-running dispute over subsidies paid to aircraft makers, the European Union (EU) today sought permission from the World Trade Organization (WTO) to impose $12 billion in tariffs on U.S. made goods and…
Discount retailer Dollar General Corp. (NYSE: DG) has announced that it will repurchase approximately $250 million of its shares currently held by Buck Holdings L.P. and initiate a secondary offering of 30 million shares.…
Mattress maker Tempur-Pedic International Inc. (NYSE: TPX) today announced that it has signed a definitive agreement to acquire competitor Sealy Corp. (NYSE: ZZ) for $2.23 per share. Including assumed debt, the deal is valued…
Over the past two decades or so, the percentage of U.S. households with outstanding student loan debt has more than doubled, from 9% in 1989 to 19% in 2010. In the same period, the…
Internet jobs site Glassdoor has released its 2012 list of the 25 U.S. companies that offer the best career opportunities. The company also produces a list of the best places to work and the…
The three major U.S. stock indexes opened mixed this morning as yields on Spain’s 10-year bonds took a run at 6% again and the Catalan regional government announced a “snap” election to judge sentiment…
Food and beverage producer Dean Foods Co. (NYSE: DF) said today that its has “decided to explore a transaction that may result in the sale of the Morningstar business.” The announcement also noted: The…
Spain’s Banco Santander SA (NYSE: SAN) held dual IPOs this morning for about 25% of the bank’s Mexican unit, Grupo Financiero Santander Mexico SAB. de C.V. (NYSE: BSMX). The American Depositary Shares (ADS) went…