Telecom provider Frontier Communications Corp. (NASDAQ: FTR) posted better-than-expected EPS after markets closed last night, reporting adjusted EPS of $0.08 compared with the consensus estimate of $0.05. Revenue of $1.26 billion was nearly -5%…
New car sales for July in the US have slowed from the solid growth pace of the first six months of the year. General Motors Co. (NYSE: GM) reported sales down by -6.4% year-over-year…
The latest rankings are out from comScore Inc. (NASDAQ: SCOR) on the US smartphone device and platform markets. Samsung Electronics (OTC: SSNLF) leads the device makers with a 25.6% market share in the three-month…
The U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories fell by 6.5 million barrels last week, bringing the total U.S. commercial crude inventory to 373.6…
Spending on construction rose 9% year-over-year in the first six months of 2012, according to the latest data from the U.S. Census Bureau. In June, spending rose to a seasonally adjusted annual rate of…
Yesterday U.S. House and Senate leaders agreed on a plan to fund federal government operations following the close of the 2012 fiscal year on September 30. Today, the U.S. Treasury Department said that the…
The Mortgage Bankers Association released its weekly report on mortgage applications this morning, noting a 0.2% rise in the group’s composite index compared with last week’s total. Applications for refinancing rose 0.8% to the…
Phillips 66 (NYSE: PSX) reported second-quarter earnings of $1.86 per share and $47.83 billion in revenue before markets opened this morning. Earnings per share (EPS) rose from the year-ago total of $1.64, and revenue…
Comcast Corp. (NASDAQ: CMCSA) reported second-quarter adjusted earnings per share (EPS) of $0.50 and $15.2 billion in revenue before markets opened this morning. The EPS compares to $0.42 in the year-ago period, and revenue…
Time Warner Inc. (NYSE: TWX) reported second-quarter adjusted earnings per share (EPS) of $0.59 and $6.7 billion in revenue before markets opened this morning. EPS was just slightly lower than the $0.60 the company…
US Senate Democratic Leader Harry Reid and House Republican Leader John Boehner have reached an agreement that would continue funding federal government spending for six more months following the expiration of the current fiscal…
Electronic Arts Inc. (NASDAQ: EA) reported a first fiscal quarter adjusted EPS loss of -$0.41 and $491 million in non-GAAP revenue after markets closed this afternoon. The EPS loss was worse compared with last…
The three major US stock indexes opened mixed this morning following the unemployment report from the Eurozone, which showed that the 11.2% rate had remained unchanged. The Eurozone consumer price index was also unchanged…
The acting chief of the Federal Housing Finance Agency (FHFA), the regulator that oversees both Fannie Mae and Freddie Mac, has responded to requests from legislators related to the two mortgage agencies’ participation in…
StockTwits, a financial communications company, was founded in 2008. The company’s signal achievement is the creation of the so-called “cashtag” — $TICKER. When a user clicks on the cashtag at the StockTwits site, the…
Microsoft Corp. (NASDAQ: MSFT) announced today that it is converting its long-time Hotmail web email to another long-time Microsoft brand: Outlook. The new brand, outlook.com, will tie the company’s industry-leading office Microsoft Office software…
courtesy Facebook Inc.Shares of Facebook Inc. (NASDAQ: FB) set a new post-IPO low of $21.86 earlier this morning, not on any specific news, but on general ennui following last week’s weak earnings report and…
Germany’s central bank, the Bundesbank, wants European Central Bank monetary policy to focus on price stability, in keeping with the ECB’s single mandate to keep inflation at or below 2%. That means no more…
July gasoline prices rose the most in a dozen years according to the AAA Monthly Gas Price Report. The $0.17/gallon increase (5.1%) is the largest increase for the month of July at least since…
According to the latest data from Gallup, Americans’ confidence in the economy fell to an index reading of -29 last week, equal to the January level and well below the -16 reading in late…