NII Holdings Inc. (NASDAQ: NIHD) reported a second-quarter net loss of $0.60 per share and $1.5 billion in revenue before markets opened today. Per-share earnings for the same period a year ago came to…
Germany’s Economy Ministry reported this morning that factory orders for June fell by a seasonally adjusted 1.7%, double the expected decline of 0.8%. Compared with June 2011, orders fell by 7.8%. The big drop…
Chesapeake Energy Corp. (NYSE: CHK) reported third-quarter adjusted EPS of $0.06 and $3.39 billion in revenue after markets closed today. EPS for the same period a year ago totaled $0.76, and last year’s revenue…
The Federal Reserve’s Senior Loan Officer Opinion Survey on Bank Lending Practices for July indicates that a “modest” fraction of domestic banks have made borrowing easier on most types of loans. Foreign bank branches,…
The three major US stock indexes opened higher this morning most likely due to the lack of bad news on the Eurozone’s financial troubles (more coverage here). Asian markets got a chance to react…
Three of China’s bigger Internet players reported earnings this morning, and the results are lifting virtually all of the country’s Internet stocks. The leader is Sohu.com Inc. (NASDAQ: SOHU), up about 18%, followed by…
As much as 85% of the US Midwest got rained on this weekend in amounts varying between 0.2-0.8 inches, offering some relief for corn and soybean crops in the country’s main growing region. More…
In videotaped remarks for a meeting of international economists this morning, Federal Reserve Chairman Ben Bernanke argued that economic measurement “must encompass measures of well-being and its determinants,” as well as the aggregate data…
The venture capital arm of General Motors Co. (NYSE: GM) has invested an undisclosed amount in a Series C round of financing for lightweight steel maker NanoSteel Co. GM joins seven other venture capital…
Pipeline MLP Plains All American Pipeline LP (NYSE: PAA) will build a new crude oil rail facility in Tampa, Colo., to receive and transport up to 68,000 barrels per day of crude in the…
Cognizant Technology Solutions Corp. (NASDAQ: CTSH) reported second-quarter adjusted earnings per share (EPS) of $0.88 and $1.8 billion in revenue before markets opened today. EPS for the same period a year ago was $0.67,…
The senior unsecured debt and short-term ratings of Sony Corp. (NYSE: SNE) have been placed on review for a possible downgrade by Moody’s Investors Service this morning. The current ratings are Baa1 and Prime-2.…
Tyson Foods Inc. (NYSE: TSN) reported third-quarter adjusted earnings per share (EPS) of $0.50 and $8.3 billion in revenue before markets opened today. EPS for the same period a year ago totaled $0.46, and…
Last Friday, the Bureau of Labor Statistics reported that the U.S. gained 163,000 new jobs on a seasonally adjusted basis. But the nonadjusted numbers tell a very different story. Nonfarm employment in the U.S.…
The three major US stock indexes opened about 1% higher this morning following the news that non-farm payrolls grew by a much larger-than-expected 163,000 (our coverage here). Once investors warmed up to the risk-on…
Photo by Spencer Platt/Getty ImagesAfter watching its share price collapse following some nasty trading errors, Knight Capital Group Inc. (NYSE: KCG) got a huge bounce this afternoon when TD Ameritrade Holding Corp. (NYSE: AMTD)…
Baker Hughes Incorporated (NYSE: BHI) has announced that despite the rise in oil prices, its count on rigs fell in the last week. The services firm reported that the North American rig count totaled…
The latest research from Mercer Investment Consulting shows that the aggregate deficit in pension plans sponsored by the companies listed on the S&P 1500 stands at a record $689 billion at the end of…
With the announcement of a commitment for 54 of its 737 aircraft, Boeing Co. (NYSE: BA) today took another shot at Airbus, the European Aeronautic Defense and Space Co. (OTC: EADSY), in an increasingly…
Global shipments of smartphones in the second quarter of 2012 totaled 158 million, and China accounted for 27% of those shipments, a total of 42 million units, according to research firm Canalys. The total…