The 4 Stocks That Sank the Market
thinkstockJune 30, 2014: Markets opened mixed on Monday with both the S&P 500 and the DJIA opening lower and the Dow spending most of the day in negative territory. The Nasdaq index traded higher…
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Paul Ausick
GM Recalls Spur Lawsuit by Orange County, California — Update
courtesy of General Motors UPDATE: Bloomberg News reports that the district attorney of Orange County, California, has file a lawsuit against General Motors Co. (NYSE: GM), accusing the automaker of concealing defects in an…
How Long Can GoPro Keep the Run Going?
There's no slowing down the bullet train known as GoPro. The maker of high-definition and nearly indestructible cameras saw its shares rise as much as 12% Monday morning.
Fourth of July Gasoline at Six-Year High
ThinkstockCiting the continuing violence in Iraq, AAA on Monday said that U.S. drivers will pay more for gas this Fourth of July weekend than they have since 2008. Gasoline prices are 15 to 20…
Housing Spending Rose in Q1 to 17.6% of Total GDP
ThinkstockThe sequential 2.9% decline in U.S. gross domestic product (GDP) in the first quarter of 2014 was lower than expected and the largest drop since the first quarter of 2009. There was at least…
Audi Replaces BMW as World’s Top-Selling Premium Car
Volkswagen AGFor the first time ever, Volkswagen’s Audi division sold more cars worldwide in a month than did long-time premium brand leader BMW. Now if VW could only sort out its U.S. sales woes,…
GM Will Pay Claims for Defective Ignition Switches
General Motors will pay millions of dollars, at least, to survivors and victims of crashes related to defective ignition switches in the company's vehicles. Kenneth Feinberg to administer the program.
Vindication for MannKind on FDA Approval
After markets closed last Friday, MannKind announced that the FDA had approved Afrezza, a rapid-acting, inhaled insulin powder that improves glycemic control in adults with diabetes.
American Apparel May Have to Take CEO Back
When American Apparel ousted its CEO, the firing triggered a covenant on a $10 million loan that puts the loan into default. The board may have to take Dov Charney back to avoid the…
What Does a Boeing 767-Based KC-46 Cost?
In 2011 the U.S. Air Force awarded a contract to Boeing for 179 new KC-46 refueling tankers to replace about a third of the Air Force's current fleet KC-135 Stratotankers.
Will Poison Pill Squash American Apparel’s Stock Price?
Saying that it will strengthen the company's ability to protect stockholders, American Apparel announced on Saturday that the company has adopted a one-year stockholder rights plan.
Ban on Exporting U.S. Crude Oil Is Essentially Over
Defining what is crude oil and what is not ends the ban on crude oil exports as effectively as does new legislation, and it does so without all the political blowback.
U.S. World Cup Success Boosts TV Everywhere Viewing
ThinkstockNearly 25 million viewers in the United States watched last Sunday’s World Cup match between the U.S. men’s national team and the Portuguese national team. But how many would watch the U.S. play Germany…
IPO Preview for the Week of June 30
ThinkstockThe coming week will not match the initial public offering (IPO) action we saw last week, with some 11 companies joining the ranks of publicly traded firms, but we do expect one new firm…
GM June Sales Fall Sharply — a Recall Problem?
courtesy of General MotorsCarmakers are scheduled to announce June sales on Tuesday, and we thought we’d give you a preview of what some of the auto industry research and information firms believe will happen.…
MannKind’s Afrezza Inhaled Insulin Drug Gets FDA Approval
ThinkstockThe U.S. Food and Drug Administration (FDA) late Friday afternoon announced that it has approved Afrezza, a rapid-acting, inhaled insulin power that improves glycemic control in adults with diabetes. The FDA estimates that 25.8…
The 4 Stocks That Lifted the Market
thinkstockJune 27, 2014: Markets opened lower for a fifth straight day on Friday and both the S&P 500 and the DJIA spend most of the day below the break-even line. The Nasdaq index traded…
Milk and Beef Price Hikes Gradually Slowing
ThinkstockThe U.S. Department of Agriculture (USDA) released its preliminary report on June farm prices Friday afternoon. The all-products price index fell by 3 points month-over-month (2.6%) to 111, with the crop index down 1%…
Is Hewlett-Packard Getting Off the Autonomy Suit on the Cheap?
According to an exclusive report at Reuters, Hewlett-Packard will announce as soon as Monday that it has settled three shareholder lawsuits related to the Autonomy acquisition.
Why GoPro Keeps on Chugging!
GoPro traded more than 44 million shares on Thursday, its first day as a public company. Shares closed up nearly 31%, and the buying didn't slow down until near noon on Friday.