Jon OggGap Inc. (NYSE: GPS) reported second quarter EPS of $0.49 and $3.58 billion in sales after markets closed today. In the same period a year ago, the clothing retailer reported EPS of $0.35…
The three major US stock indexes opened somewhat higher this morning following better-than-expected data on UK retail sales and an inline reading on Eurozone CPI (more coverage here). The news out of Asia was…
Back in February, J.C. Penney Co. Inc. (NYSE: JCP) signed a contract with Martha Stewart Living Omnimedia (NYSE: MSO) to create Martha Stewart Living stores within Penney’s own stores. Macy’s Inc. (NYSE: M), which…
Shares of the maker of the ubiquitous Redbox video rental machines, Coinstar Inc. (NASDAQ: CSTR), have gotten a nice jolt today from a story in the New York Post that the company is in…
In a new post at the New York Federal Reserve’s blog site, three bank officials took a look at the $3.7 trillion US municipal bond market. After noting that about 75% of US municipal…
The US Department of Justice today has approved the $3.9 billion spectrum acquisition by Verizon Communications Inc. (NYSE: VZ) from SpectrumCo LLC, a joint venture of Comcast Corp. (NASDAQ: CMCSA), Time Warner Cable Inc.…
The US Drought Monitor has noted a significant expansion of the drought in the lower 48 states has finally stopped. The agency said that about a quarter of the country continues to experience drought…
courtesy Facebook Inc.Today’s end to the lockup period on shares of Facebook Inc. (NASDAQ: FB) has predictably weighed on the stock’s share price. Shares are down more than 6% and have posted a new…
The U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks rose by a total of 20 billion cubic feet, lower than the 24 billion cubic feet that analysts were expecting. Natural…
The Philadelphia Federal Reserve’s August Business Outlook Survey was released this morning, and the survey’s diffusion index rose to -7.1 from a -12.9 reading in July. A poll of economists at MarketWatch had expected…
New housing starts in July rose to an annual seasonally adjusted rate of 746,000, a drop of 1.1% from the revised June rate of 754,000 and a gain of 21.5% above the July 2011…
Minneapolis Federal Reserve President Narayana Kocherlakota is generally considered a deficit and inflation hawk who mostly opposes both economic stimulus and increases in inflation above the Fed’s “around 2%” target. But last night following…
Sears Holdings Corp. (NASDAQ: SHLD) reported an adjusted second-quarter net loss of $0.86 per share and $9.47 billion in sales before markets opened today. In the same period a year ago, the retailer reported…
Wal-Mart Stores Inc. (NYSE: WMT) reported second-quarter earnings per share (EPS) of $1.18 and $113.5 billion in sales before markets opened today. In the same period a year ago, the retailing giant reported EPS…
Compared with the second quarter of 2011, demand for gold fell 7% by a total of nearly 76 metric tons, to 990 metric tons, in the second quarter of 2012, according to the World…
Applied Materials Inc. (NASDAQ: AMAT) reported adjusted third fiscal quarter EPS of $0.24 and $2.34 billion in revenues after markets closed today. In the same period a year ago, the semiconductor manufacturing equipment maker…
The three major US stock indexes opened somewhat lower this morning following an announcement from the Bank of England that it would not change interest rates nor asset purchases. In Asia, the perpetual hope…
The most severe US drought in more than 50 years is shining a light on new developments in corn seeds that are sure to stir more debate both domestically and overseas about the use…
The latest Gallup telephone survey of how satisfied Americans are “with the way things are going in the United States at this time” indicates that satisfaction has slipped since the July survey but remains…
While the Samsung Electronics (OTC: SSNLF) and Apple Inc. (NASDAQ: AAPL) continue to fight in court over mobile technology, both companies are preparing to release new products. We’ve already noted the coming release of…