Venezuela Nationalizes GM Plant, Company Quits the Country
The GM auto plant in Carabobo, Venezuela, was expropriated by the government on Wednesday. GM says it will leave the country.
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Paul Ausick
Marijuana Retailers Will Be Celebrating 4/20 With More Sales
Today is 4/20, the unofficial U.S. marijuana holiday. Retailers in states where recreational sales are legal should expect a doubling of average daily sales and more foot traffic.
Data Breaches on Track to Reach 1,500 in 2017
Nearly 8 million records have been exposed so far in 2017 in more than 450 data breaches, according to the Identity Theft Resource Center.
How Unlimited Data Plan Cost Verizon Shareholders
Verizon's new unlimited data plan, introduced in mid-February, cost the company about 5% in wireless division revenues. However, it did help add nearly 50,000 new subscribers.
Why Philip Morris Earnings Went Up in Smoke
Cigarette maker Philip Morris missed on both profit and revenue estimates for the first quarter. Cigarette shipment volume fell more than 11% in the quarter.
Squabble With Apple Doesn’t Weigh on Qualcomm as Earnings, Revs Top Estimates
Qualcomm beat analysts expectations for earnings per share and revenues Wednesday evening. Third-quarter guidance could have been a little stronger, but investors didn't seem to mind.
Why Kinder Morgan Earnings Didn’t Fire Up Investors
Pipeline company Kinder Morgan reported first quarter earnings that were a bit light but beat on revenues.
Rite Aid, Frontier Communications Slip into Wednesday’s 52-Week Low Club
Frontier Communications, Rite Aid, Valeant, and DryShips all posted new 52-week lows Wednesday.
IBM, Chevron Sink DJIA Wednesday
IBM, Chevron, Caterpillar, and JPMorgan weighed on the DJIA Wednesday.
Porsche Plans to Expand Electric Vehicle Line
Porsche plans to broaden its offerings of electric vehicles to complement the recently introduced Panamera Turbo S E-Hybrid.
10 US Cities with the Most (and Least) Overleveraged Homeowners
The American cities were homeowners are overleveraged are not necessarily the cities where home prices are highest.
Will Kinder Morgan Earnings Set Tone for MLPs?
Energy pipeline company Kinder Morgan reports first-quarter earnings after markets close Wednesday. Analysts at Jefferies took a look at the entire industry and expect 2017 to be a better year for the sector.
Crude Oil Prices Little Changed Following Inventory Report
U.S. crude oil inventories fell by a million barrels last week according to the Energy Information Administration. The drawdown is consistent with seasonal patterns as gasoline production ramps up ahead of the summer driving…
Google, Apple Race for Lead in Artificial Intelligence
Technology research firm IDC forecasts a compound annual growth rate of more than 50% in global spending on cognitive and artificial intelligence systems.
Ford, FCA Boost EU Market Share in March; GM Slides Ahead of Opel Sale
New vehicle registrations in the European Union rose more than 1% year over year in March to total almost 2 million units. For the year to date, registrations are up more than 8%.
Why Morgan Stanley Earnings Shattered Estimates
First-quarter revenues and profits at Morgan Stanley handily beat expectations. A sharp increase in trading revenues and profits did most of the work.
Mortgage Loan Rates Fell to Multimonth Lows Last Week
Mortgage loan applications decreased by nearly 2% last week, even as mortgage loan rates declined to their lowest levels since last November.
Yahoo Reports Earnings for the Last Time
Yahoo posted its last earnings results as an independent company, beating both EPS and revenue estimates. The company expects its acquisition by Verizon to be completed in June.
Valeant, Arena Pharmaceuticals in Tuesday’s 52-Week Low Club
Valeant, Arena, Teva, and Frontier Communications all posted new 52-week lows on Tuesday.
Goldman Sachs, Johnson & Johnson Sink the DJIA Tuesday
Goldman Sachs, J&J, American Express, and Travelers were the worst performing DJIA stocks on Tuesday.