Shares of Zipcar Inc. (NASDAQ: ZIP) are getting battered today following a less-than-impressive second-quarter showing and a weak forecast for the current quarter. The company also suffered two downgrades this morning, one to Market…
U.S. consumers were spending money in July at about the same rate as last year, and up slightly from June 2012 spending. In a self-reporting poll from Gallup, consumers’ average daily spending in July…
Kinross Gold Corp. (NYSE: KGC) fired its CEO after the markets closed last night. The company replaced Tye Burt, its chief executive for the past seven years, with J. Paul Rollinson, who had been…
Agrium Inc. (NYSE: AGU) reported second-quarter adjusted earnings per share (EPS) of $5.47 and $6.83 billion in revenue before markets opened today. EPS for the same period a year ago came to $4.60, and…
Viacom Inc. (NASDAQ: VIAB) reported third fiscal quarter earnings per share (EPS) of $0.99 and $3.24 billion in revenue before markets opened today. EPS for the same period a year ago came to $0.97,…
Beazer USA Homes Inc. (NYSE: BZH) reported a third fiscal quarter net loss of $0.38 per share and $254.6 million in revenue before markets opened today. The net loss for the same period a…
Molycorp Inc. (NYSE: MCP) reported a second quarter adjusted EPS loss of $0.03 and $107.6 million in revenue after markets closed today. Adjusted EPS for the same period a year ago totaled $0.52, and…
The three major US stock indexes opened lower this morning as the Bank of England left interest rates alone (our coverage here) and the European Central Bank (ECB) did the same (our coverage here and…
American Superconductor Corp. (NASDAQ: AMSC), a provider of products for the wind and power grid markets has suffered through a nasty stretch during the past 18 months following the refusal of the company’s biggest…
The past seven days have seen drought conditions intensify in the states of Nebraska, Kansas, Missouri, Oklahoma, and Arkansas, according to today’s report from the US Drought Monitor: Pretty much all of Kansas, Missouri…
Crude oil refiners have enjoyed a pretty good earnings season so far. Tesoro Corp. (NYSE: TSO) and Western Refining Inc. (NYSE: WNR) both posted better-than-expected revenues and profits this morning, following in the wake…
Earlier this week, word got out that Apple Inc. (NASDAQ: AAPL) planned a special event related to its expected iPhone 5 introduction for September 12, with the formal product release set for September 21.…
The U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks rose by a total of 28 billion cubic feet, higher than the 23 billion cubic feet that analysts were expecting. Natural…
Many retailers are out today with July same-store sales results, and the month’s gains appear to be better than first expected. The Thomson Reuters consensus estimate for sales growth was 3.1%, but the final…
The latest Gallup tracking survey on U.S. unemployment puts the unadjusted U.S. unemployment rate at 8.2% in July, up from 8% in June, but down from 8.8% in July of 2011. On a seasonally…
Apache Corp. (NYSE: APA) reported second-quarter adjusted earnings per share (EPS) of $2.07 on $3.97 billion in revenue before markets opened this morning. Adjusted EPS was 36% lower than last year’s $3.22, and revenue…
The outplacement firm of Challenger, Gray & Christmas has released its job-cuts report for July, indicating that July layoffs declined by 2% from June’s layoff count, which had fallen by 45% from the count…
OfficeMax Inc. (NYSE: OMX) reported second-quarter earnings per share (EPS) of $0.12 and $1.6 billion in revenue before markets opened this morning. EPS surpassed last year’s total of $0.07, and revenue declined from last…
The three major US stock indexes opened higher this morning as markets were getting primed for the afternoon’s statement from the FOMC. Tomorrow’s announcement on interest rates from the European Central Bank now takes…
In addition to comments on the debt limit, the US Treasury said this morning that it was working on a plan to offer floating interest rate notes in about another year. In the minutes…