The latest data from International Data Corp. (IDC) confirms what we’ve all known for a while now: The mobile OS market is now unquestionably a two-horse race due to the dominance of Android and…
Remember the January rumor that Research in Motion Ltd. (NASDAQ: RIMM) was being considered for acquisition by Samsung Electronics (OTC: SSNLF)? That’s okay if you don’t, because they could be about to start up…
The U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories fell by 3.7 million barrels last week, bringing the total U.S. commercial crude inventory to 369.9…
Dean Foods Co. (NYSE: DF) reported second-quarter adjusted earnings per share (EPS) of $0.36 and $3.1 billion in revenue after the markets closed last night. EPS for the same period a year ago were…
Macy’s Inc. (NYSE: M) reported second-quarter adjusted earnings per share (EPS) of $0.67 and $6.12 billion in revenue before markets opened today. EPS for the same period a year ago came to $0.55, and…
Alpha Natural Resources Inc. (NYSE: ANR) reported a second-quarter adjusted net loss of $0.33 and $1.85 billion in revenue before markets opened today. Earnings per share for the same period a year ago were…
MEMC Electronic Materials Inc. (NYSE: WFR) reported second-quarter adjusted earnings per share (EPS) of $0.14 and $933.4 million in revenue before markets opened today. EPS for the same period a year ago came to…
The Mortgage Bankers Association released its weekly report on mortgage applications this morning, noting a 1.8% decline in the group’s composite index compared with last week’s total. Applications for refinancing fell 2% (seasonally adjusted),…
The CEO of Sprint Nextel Corp. (NYSE: S) told a group of reporters today that the company saw “no reason to bet against” Apple Inc. (NASDAQ: AAPL) and the iPhone. It’s been just about…
Express Scripts Holding Co. (NASDAQ: ESRX) reported second quarter adjusted EPS of $0.88 and $27.7 billion in revenue after markets closed today. EPS for the same period a year ago totaled $0.71, and last…
The three major US stock indexes opened higher this morning on a report from Europe that German chancellor Angela Merkel now backs bond buying by the European Central Bank.Even a larger-than-expected drop in Italian…
The Congressional Budget Office (CBO) released its latest Monthly Budget Review today saying that the federal deficit for the first 10 months of fiscal year 2012 (ending in September) will be $975 billion, about…
The latest Gallup quarterly poll of small business owners shows that optimism has dropped to an index reading of 17 in July, down from 23 in April. A reading above zero indicates optimism. The…
Today’s earnings report from Fossil Inc. (NASDAQ: FOSL) has lit a fire a under leading luxury brand makers like Movado Group Inc. (NYSE: MOV), Warnaco Group Inc. (NYSE: WRC), and PVH Corp. (NYSE: PVH).…
Oil field services company Baker Hughes Inc. (NYSE: BHI) this morning reported that its count of foreign oil & gas drilling rigs fell from 1,285 in June to 1,264 in July. June’s total foreign…
Drug maker Pfizer Inc. (NYSE: PFE) today announced that it has reached settlements with the US Justice Department and the Securities and Exchange Commission related to improper payments (aka, bribes) paid by six of…
The latest Gallup Economic Confidence Index fell from a reading of -22 in June to -26 in July, about equal to the low reading for the year of -27 in January. The index reading…
In yet another sign that the smartphone market is a two-horse race, Apple Inc. (NASDAQ: AAPL) and Samsung Electronics together grabbed 108% of the industry’s profits in the second quarter of 2012. How did…
Today looks to be a busy one for the Kinder Morgan family of companies. Kinder Morgan Energy Partners L.P. (NYSE: KMP) has announced that it will acquire the Tennessee Gas Pipeline and other assets…
Home improvement giant Home Depot Inc. (NYSE: HD) announced this morning that it has reached a definitive merger agreement with U.S. Home Systems Inc. (NASDAQ: USHS). Home Depot will acquire the kitchen and bath…