Intel Corp. (NASDAQ: INTC) today announced that third-quarter revenue would come in significantly lower than previously forecast. The world’s largest chipmaker originally forecast third-quarter revenue in the range of $13.8 billion to $14.8 billion,…
It’s not too much to say that Apple Inc. (NASDAQ: AAPL) changed the music business when it released its first iPod in 2001. Selling single tracks for less than a dollar absolutely cannibalized CD…
lululemonLululemon Athletica Inc. (NASDAQ: LULU) reported adjusted second-quarter earnings per share (EPS) of $0.34 on $282.6 million in revenue before markets opened today. In the same period a year ago, the yoga exercise clothing…
Literally minutes before shareholders of mining company Xstrata were set to vote on the offer from Glencore International, the vote was postponed and the commodities trading giant raised its offer for Xstrata from 2.8…
Amazon.com Inc.Now that the dust has settled a bit on today’s announcements of new products by Amazon.com Inc. (NASDAQ: AMZN), we’ll take a look at the whole stable full of new horses. Note to…
The three major U.S. stock indexes opened higher this morning as expectations had been raised that the European Central Bank would institute some kind of bond-buying program to shore up the Eurozone’s crippled economy.…
Amazon.com Inc. (NASDAQ: AMZN) today announced a new Kindle reader called the “Kindle Paperwhite,” which includes a new front-lighting technology (called ‘paperwhite’) that allows the device to be used in the dark. Other changes…
General Motors Co. (NYSE: GM) has lost$16 billion on its Opel/Vauxhall division in the last dozen years, and the company may lose even more in the next dozen according to an analyst at Morgan…
Share prices for homebuilders’ stocks began rising at the beginning of the year and all but two of the homebuilders we looked at in our value search have doubled share prices in the past…
The latest Gallup tracking survey on US unemployment puts the unadjusted US unemployment rate at 8.1% in August, down from 8.2% in July, and sharply down from 9.2% in August of 2011. On a…
Production shut-ins due to Hurricane Isaac get most of the blame for the lower petroleum inventory levels we saw last week. Not only was production shut down for several days, but major refineries were…
The U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks rose by a total of 28 billion cubic feet, less than the 36 billion cubic feet that analysts were expecting. Natural…
In a presentation to investors, Chesapeake Energy Corp. (NYSE: CHK) CEO Aubrey McClendon said the company is on track to sell up to $14 billion in assets by the end of 2012 and another…
The outplacement firm of Challenger, Gray & Christmas has released its job-cuts report for August, indicating that July layoffs declined by 12.5% below July’s layoff count, which had dropped by 37% from the count…
The U.S. Department of Agriculture today released its annual report on household food security in the United States in 2011. The study found that 14.9% of American households “had difficulty at some time during…
Samsung Electronics this morning announced that sales of the company’s Galaxy S III smartphones have topped 20 million units since the phone’s release in late May. The milestone was reached three times faster than…
The Bank of England this morning announced that it would leave its policy lending rate unchanged at 0.5%, the same level it has been on since March of 2009. The bank also left its…
Navistar International Corp. (NYSE: NAV) reported third-quarter 2012 earnings per share (EPS) of $1.22 on $3.3 billion in revenue before markets opened today. In the same period a year ago, the truck and engine…
VeriFone Systems Inc. (NYSE: PAY) reported adjusted third quarter 2012 EPS of $0.75 on $493 million in non-GAAP after markets closed today. In the same period a year ago, the electronic payments firm reported…
The three major U.S. stock indexes opened flat to slightly lower again this morning even though word leaked out of the European Central Bank’s likely bond-buying scheme (our coverage here). Official word on any…