The July 31st short interest reports for some of the big semiconductor makers are mixed, although the swings are quite large in most cases. We looked at eight stocks: Intel Corp. (NASDAQ: INTC), Advanced…
The past year and a half have been murder on solar PV makers. Share prices have fallen as much as 80% due to oversupply. Short interest in the solar stocks would seem to be…
The U.S. Department of Agriculture now estimates that the U.S. corn crop will fall 2.2 billion bushels lower than the estimate provided just a month ago, to 10.8 billion bushels, the lowest since the…
Bally Technologies Inc. (NYSE: BYI) reported adjusted fourth fiscal quarter earnings per share (EPS) of $0.78 and $246 million in revenues after markets closed yesterday. EPS for the same period a year ago was…
Wikimedia CommonsJCPenney Co. Inc. (NYSE: JCP) reported an adjusted second-quarter net loss of $0.37 per share and $3.02 billion in revenues before markets opened today. EPS for the same period a year ago came…
Nordstrom Inc. (NYSE: JWN) reported second quarter EPS of $0.75 and $3.0 billion in revenues after markets closed today. EPS for the same period a year ago totaled $0.80, and last year’s revenue totaled…
The three major US stock indexes opened mixed this morning following a wealth of data on the Chinese economy. The short version is that the economy is slowing so much and inflation is so…
In its latest report on gambling revenues in the state, the Nevada Gaming Commission said that total revenue for June 2012 came in at $832.5 million, down -6% compared with June 2011. For the…
Coal miner Consol Energy Inc. (NYSE: CNX) was forced to close two of its southwestern Pennsylvania coal mines at the end of July due to the collapse of two conveyor belts that carries coal…
Google Inc. (NASDAQ: GOOG) has agreed to pay $22.5 million to settle a claim by the Federal Trade Commission that the company misled users of the Safari browser Apple Inc. (NASDAQ: AAPL) into believing…
The United Nations’ Food and Agriculture Organization’s (FAO) Food Price Index for July rose by 6% following three months of decline. Sharp rises in grain and sugar prices led to the jump. The US…
The Mortgage Bankers Association (MBA) reports this morning that mortgage loans at least one month past due rose by 18 basis points in the second quarter of 2012 to 7.58% of all loans outstanding.…
Trading volumes for global derivatives and cash equities exchanges fell across the board in July on exchanges operated by NYSE Euronext (NYSE: NYX). According to company’s report, average daily volume (ADV) fell by 12%…
NokiaMobile phone maker Nokia Corp. (NYSE: NOK) has agreed to sell a portfolio of more than 500 patents to Vringo Inc. (NYSEMKT: VRNG) for an undisclosed sum. Nokia will retain some ongoing rights to…
Online broker E*Trade Financial Corp. (NASDAQ: ETFC) this morning ousted CEO Steven Freiberg, who had been the company’s chief for just over two years, and replaced him with Frank Petrilli, the chairman of E*Trade’s…
Kinross Gold Corp. (NYSE: KGC) reported second-quarter adjusted earnings per share (EPS) of $0.14 and $1 billion in revenue after the markets closed last night. The company posted EPS of $0.24 for the same…
Unemployment in Greece hit a record 23.1% in May, a rise of 6.5% from May 2011. Even worse, among people less than 25 years old, the rate is 54.9%. Just before the wheels fell…
SunPower Corp. (NASDAQ: SPWR) reported second quarter adjusted EPS of $0.08 and $595.9 million in revenue after the markets closed today. The company posted an EPS loss of -$0.19 for the same period a…
The three major US stock indexes opened lower this morning following on softness in European markets and a mixed close in the Asian markets. There has been little data for investors to chew on…
There has been a lot of investment buying of foreclosed and distressed US houses, and one of the questions that always comes up is how an essentially local business can be managed on a…