Apple Inc. (NASDAQ: AAPL) has currently scheduled an ‘event’ for September 12th that is widely rumored to be the company’s official launch date for the latest version of the iPhone, known at least currently…
Positive signals continue to issue forth for US home builders. The National Association of Homebuilders (NAHB)/Wells Fargo housing market index rose 2 points in August, to 37, the highest index reading since February 2007.…
The top-ranking Democratic members of two House committees have sent a letter to Michael Duke, CEO of Wal-Mart Stores Inc. (NYSE: WMT), offering the company one last chance to comply with requests for information…
British-based Standard Chartered PLC, which agreed yesterday to a settlement with the state of New York that cost the bank $340 million, is seeking a speedy, collective resolution to outstanding investigations being conducted by…
Suntech Power Holdings Co. Ltd. (NYSE: STP) today announced that David King has been named the company’s new CEO, replacing company founder Zhengrong Shi, who will remain as Suntech’s executive chairman and new chief…
The U.S. Bureau of Labor Statistics (BLS) reported this morning that the U.S. consumer price index (CPI) did not change in July due to lower energy costs offsetting slightly higher food costs. Energy prices…
Abercrombie & Fitch Co. (NYSE: ANF) reported second-quarter earnings per share (EPS) of $0.19 and $951.4 million in revenues before the markets opened this morning. In the same period a year ago, the clothing…
Target Corp. (NYSE: TGT) reported second-quarter earnings per share (EPS) of $1.12 and $16.78 billion in revenues before markets opened this morning. In the same period a year ago, the big-box retailer reported EPS…
Deere & Co. (NYSE: DE) reported fiscal third-quarter earnings per share (EPS) of $1.98 and $9.59 billion in revenues before markets opened this morning. In the same period a year ago, the tractor and…
David Einhorn and his hedge fund Greenlight Capital reported some changes to the fund’s portfolio last night. The fund added significant holdings in several health care stocks and eliminated a couple of struggling tech…
The three major US stock indexes opened higher this morning following data showing that GDP in several countries grew better than expected (more coverage here). Which indicates that if the bar is set low…
JDS Uniphase Corp. (NASDAQ: JDSU) reported adjusted fourth fiscal quarter EPS of $0.15 and $439.3 million in revenues before markets opened this morning. In the same period a year ago, the fiber optic equipment…
London-based bank Standard Chartered PLC has agreed to pay $340 million to the state of New York’s bank regulator to settle charges that the bank hid $250 billion in more than 60,000 transactions for…
The next version of the Blackberry operating system from Research in Motion Ltd. (NASDAQ: RIMM) is due early next year on the company’s own new devices. Called Blackberry 10, the company is now considering…
The last couple of days have generated some interesting news on the green energy front. Today’s release of the Department of Energy’s report on wind power generation may be the biggest, but here are…
According to a report in today’s New York Post, Sears Holdings Corp. (NASDAQ: SHLD) “has met with investors about selling the Lands’ End brand, which accounts for as much as half the company’s profits.”…
Rising home prices in U.S. metropolitan areas pushed down the second-quarter affordability index, according to the latest data from the National Association of Home Builders (NAHB)/Wells Fargo housing opportunity index. Some 73.8% of new…
The latest data from Gallup indicates that confidence in the U.S. economy remains near January levels of -27. The index has been wobbling in a tight range of -23 to -29 since late May.…
In 2011, the United States added about 6,800 megawatts of new wind power generation, 31% more than was added in 2010, but less than the total additions in 2008 and 2009. U.S. wind generation…
Wal-Mart Stores Inc. (NYSE: WMT) has received approval from Chinese regulators to boost its stake in e-commerce company Yihaodian to 51%, according to the Wall Street Journal. The financial details of the acquisition have…