The US Energy Information Administration today reported the US natural gas stocks rose by a total of 61 billion cubic feet, above the 50 billion cubic feet increase that analysts had expected. Natural gas…
We noted earlier this morning that Verizon Wireless, the joint venture between Verizon Communications Inc. (NYSE: VZ) and Vodafone Group plc (NASDAQ: VOD), will not offer unlimited data plans to existing customers when they…
Video game retailer GameStop Corp. (NYSE: GME) reported earnings this morning, and there were really no big surprises. The company had already said EPS would be $0.54. Revenues were a bit light, at $2…
Canadian Pacific Railway Ltd. (NYSE: CP) announced this morning the resignation of Fred Green, President and CEO of the company following a 34-year career at the railroad. In its announcement the railroad’s chairman said,…
Neither Sears Holdings Corp. (NASDAQ: SHLD) nor Wal-Mart Stores Inc. (NYSE: WMT) was expected to post big numbers for the quarter just ended. And they didn’t — but the numbers were better than expected.…
The three major US stock indexes opened higher this morning as investors appeared to be reacting to a temporarily stronger euro, which indicated some confidence in the Eurozone generally. But the dollar regained its…
Comcast Corp. (NASDAQ: CMCSA) has launched a high definition, Skype-based video calling plan for its Xfinity broadband customers. The plan costs $9.95/month and is available in Boston and Seattle today, with other cities to…
In a presentation today, St. Louis Federal Reserve Bank President James Bullard that further monetary actions by the Fed’s FOMC had been placed on “pause” as a result of the modest gains in the…
More than a third of small business owners say that their debt burden is either “somewhat” or “very” uncomfortable in the latest Wells Fargo/Gallup small business survey. Of the rest, 62% were comfortable with…
Petroleo Brasileiro SABrazil’s state-controlled energy giant Petroleo Brazileiro SA (NYSE: PBR), better known as Petrobras, had its best quarter in nearly two years in the first quarter of 2012. The company’s improved performance reflected…
Big box retailer Target Corp. (NYSE: TGT) announced first quarter earnings this morning that were better than consensus estimates, and the company also raised its outlook for 2012. Target is the first of the…
Deere & Co. (NYSE: DE) reported fiscal second-quarter results this morning that topped estimates by a solid margin. The farm and construction equipment maker posted EPS of $2.61 on revenue of $10 billion. The…
High-tech industry research firm Gartner Inc. (NYSE: IT) reports this morning the worldwide sales of mobile phones unexpectedly fell -2% in the first quarter of 2012, to a total of 419.1 million units. That…
The 3.5-inch screen on the iPhone from Apple Inc. (NASDAQ: AAPL) may be elegant, but it’s also puny compared with the 4.5-inch screens available from other smartphone makers. A report in The Wall Street…
courtesy Facebook Inc.In a glancing blow to Facebook Inc.’s coming IPO, one the of the three largest US advertisers in all media, General Motors Co. (NYSE: GM), will stop advertising on the social networking…
Two of the three major US stock indexes opened higher this morning as investors reacted to the news from Greece that no government could be formed and that a second election will be held…
Today’s not a good day to be in the coal business. Miner Patriot Coal Corp. (NYSE: PCX) announced this morning that it was lowering both shipment and price forecasts for metallurgical coal for this…
Zynga Inc. (NASDAQ: ZNGA) gets a jolt every time Facebook Inc. makes the headlines. Today’s headline is that the soon-to-be-public social media company will raise its IPO range from $28-$35 to $34-$38. Zynga’s popular…
Shares of Avon Products Inc. (NYSE: AVP) are down more than -10% shortly before noon today after suitor Coty Inc. withdrew its $24.75/share offer for the door-to-door cosmetics empire. Avon had asked for another…
A survey of 240 CEOs and CFOs by accounting and consulting firm PricewaterhouseCoopers indicates that a majority of US corporate executives believe the economy will improve in the next 12 months. Of those surveyed,…