Dumping Red Lobster Did Not Help Darden’s Results
Darden Restaurants reported disappointing fourth-quarter and full-year 2014 results before markets opened Friday morning. Red Lobster's results are included in as discontinued operations.
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Paul Ausick
Oracle Stock Hammered After Reporting Flat Software Sales
courtesy of OracleOracle Corp. (NYSE: ORCL) reported fourth quarter and fiscal year 2014 results after markets closed Thursday. The software and server company reported quarterly adjusted earnings per share (EPS) of $0.92 on revenue…
The 4 Stocks That Pushed Up the Market
thinkstockJune 19, 2014: Markets opened mixed on Thursday but investors took the opportunity to take some profits (or to cover short positions) following three days of rising equity prices. Volumes were low as well,…
Mobile Fitness Apps See Huge Growth
ThinkstockOver the past six months, daily usage of health and fitness apps has grown by 62%, a growth rate that is 87% faster than the mobile apps industry as a whole. That is partly…
Netflix Signs Comedian Chelsea Handler to ‘Revolutionize’ TV Talk Show Format
The TV late-night talk show wars are about to get another combatant. Netflix announced Thursday morning that it has signed a deal with comedian and author Chelsea Handler.
Markit IPO Goes Out Big
London-based financial information and research firm Markit got off to a roaring start with its Thursday morning initial public offering.
Natural Gas Inventory Rises More Than Expected
ThinkstockThe U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 113 billion cubic feet for the week ending June 13. That compared with an expected increase of around…
NextEra Launches Alternative Energy MLP — in Name Only
Electricity generation firm NextEra Energy is spinning off its wholly owned alternative energy subsidiary into a new firm named NextEra Energy Partners L.P. via an initial public offering.
Harley to Produce Electric Motorcycle
In what amounts to its first step toward an electric motorcycle, Harley-Davidson announced Thursday morning that a prototype bike called Project LiveWire will be available in select areas next week.
BlackBerry Earnings Vote — John Chen’s Turnaround Is Working
BlackBerry reported a smaller-than-expected first-quarter net loss before markets opened Thursday morning, but revenue fell short of consensus estimates.
Red Hat Becomes Top Hat!
Red Hat reported better-than-expected first-quarter fiscal 2015 results after markets closed Wednesday night. The best news was that subscription revenue accounted for 88% of total revenues.
The 4 Stocks That Lifted the Market
thinkstockJune 18, 2014: Markets opened lower on Tuesday and spent most of the day waiting to see what the FOMC would do and say. After the announcement equities got the wind at their backs…
How Much Is Bezos Willing to Lose on New Fire Phone?
Amazon.com Inc.At a press event Wednesday in Seattle, Amazon.com Inc. (NASDAQ: AMZN) CEO Jeff Bezos introduced the company’s “Fire” phone, a 4.7-inch smartphone that is entering a sector dominated by Samsung Electronics and Apple…
The Five Best (and Worst) Cars for Initial Quality
Courtesy Porsche Cars North America Inc.Initial quality for new cars purchased in 2014 fell slightly compared with 2013. The average score for last year was 113 problems reported per 100 vehicles sold, compared with…
How 123,000 Tons of Alumina Can Just Evaporate
ThinkstockChina’s shadow banking system has long depended on the use of stockpiles of commodity minerals in the country’s warehouses as collateral for loans that do not show up in China’s official lending statistics. Now…
Williams Issues New Shares to Fund Access Midstream Buy
On Tuesday, Williams Companies priced a secondary stock offering of 53 million shares at $57 per share in a bid to raise about $3 billion to fund the purchase of Access Midstream Partners.
Michaels Stores IPO to Repay Massive Debt
It has been nearly eight years since arts and crafts retailer Michaels Companies went private. Now the co-owners have filed for an initial public offering, proceeds to be used to pay down a part…
Crude Oil Inventories Fall as Gasoline Inventories and Prices Rise
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 600,000 barrels last week, maintaining a total U.S. commercial crude inventory to 386.3 million…
PlayStation 4 Sales Top Xbox Again
courtesy of Sony Corp.Sales video game consoles nearly doubled year-over-year to $187 million in May, and overall spending on hardware and software rose 52% to $586 million in the month. The PlayStation 4 from…
Americans to Inherit $59 Trillion
ThinkstockIn a 55-year period between 1998 and 2052, some $59 trillion of U.S. wealth will be transferred. That total exceeds an estimate of $52 trillion in wealth transfer made in 1999, and includes the…