There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include Blue Coat Systems Inc. (NASDAQ: BSCI), Cell Therapeutics, Inc. (NASDAQ: CTIC),…
The US trade gap fell in October to $43.47 billion, down from a revised $44.17 billion deficit in September. This is the fourth straight month that the deficit has been lower than the previous…
Chemical giant E.I. du Pont de Nemours & Co. (NYSE: DD) today announced that it expects full year EPS to be $3.87-$3.95. That is substantially lower than the previous estimate of $3.97-$4.05. The company’s…
Europe’s largest economy and leading exporter, Germany, saw its exports fall -3.6% month-over-month in October, the sharpest decline since April. Economists were expecting a decline of -1.3% following a gain of 1% in September.…
Japan’s Securities and Exchange Surveillance Committee, the watchdog organization for the country’s Financial Services Agency, is seeking penalties against the country’s units of UBS AG (NYSE: UBS) and Citigroup Inc. (NYSE: C) for the…
US stock futures are rising this morning following an agreement at the Eurozone summit to establish a “fiscal compact” within the monetary union that leaders hope would prevent future skyrocketing debt. The Eurozone also…
Stocks opened lower this morning and trailed mostly lower throughout the day. Today’s wholesale inventory reported showed a gain of 1.6% and the initial jobless claims were substantially lower than expectations of 395,000, at…
Regional carrier Pinnacle Airlines Corp. (NASDAQ: PNCL) has said that the company has initiated a program to help it cut costs and raise liquidity. According to the company’s press release: Planned initiatives include seeking…
The recent bankruptcy filing by AMR Corp. (NYSE: AMR), parent of American Airlines, has put a damper on any enthusiasm there might have been among investors for US airlines stocks. A report yesterday from…
The interest rate on a 30-year fixed mortgage fell to 3.99% last week, but home buyers are still scarce. The current rate is very near its record low of 3.94%, set just nine weeks…
The US Energy Information Administration today reported the US natural gas stocks fell by a total of 20 billion cubic feet, about 40%-50% more than the drawdown of 10-12 billion cubic feet that analysts…
Americans have started using their credit cards again — and in a big way. Credit card debt jumped 154% in the third quarter of 2011 compared with the same period a year ago, according…
There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include DemandTec Inc. (NASDAQ: DMAN), Affymax Inc. (NASDAQ: AFFY), Pacific Sunwear of…
IBM Corp. (NYSE: IBM) has agreed to acquire cloud analytics company DemandTec, Inc. (NASDAQ: DMAN) for $13.20/share, or a total of about $440 million after cash adjustments. DemandTec shares closed at $8.43 yesterday, indicating…
Microsoft Corp. (NASDAQ: MSFT) and General Electric Co. (NYSE:GE) have announced a 50-50 joint venture to compete in the healthcare software industry. In a joint press release, the two companies said: he new company…
McDonald’s Corp. (NYSE: MCD) reported that global same-store sales rose 7.4% in November as each of the company’s three geographic regions posted gains. In the US and Europe, sales were up 6.5%, while sales…
US stock futures are slightly up this morning as markets wait to see if the European Central Bank will in fact lower its interest rate from 1.25% to 1% later today. The move is…
In a speech delivered in Osawatomie, Kansas, President Obama had this to say about income inequality: In the last few decades, the average income of the top one percent has gone up by more…
Former US Senator, former Governor of New Jersey, former CEO of Goldman Sachs Group Inc. (NYSE: GE), and former CEO of MF Global, Jon Corzine will testify in front of the US House Agriculture…
Equities fell sharply after this morning’s opening. Futures were soft prior to the opening bell due largely to continue to worry about Europe and a forecast cut to the European Central Bank’s lending rate…