ThinkstockHong Kong-listed Tencent Holdings reported a jump of 60% in first-quarter earnings Wednesday morning, to $1.05 billion from about $628 million in the first quarter a year ago. The Chinese provider of Internet games,…
Yahoo! has acquired privately held Blink for an undisclosed sum. Now that Yahoo! is about to juice up its war chest in the coming IPO of Alibaba, CEO Marissa Mayer could take another look…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 900,000 barrels last week, maintaining a total U.S. commercial crude inventory to 398.5 million…
ThinkstockAs of the end of trading on Tuesday, coffee closed on the ICE at about $1.84 a pound, down from a peak of around $2.12 in the middle of April. In early November, coffee…
A new subsidiary of China's Juneyao Airlines has placed an order for 50 of Boeing's 737 and 737 MAX aircraft. The total value of the order at list prices is at between $3.8 billion…
Plug Power reported first-quarter 2014 results before markets opened Wednesday morning. The net loss was greater than expected, but so were revenues. Shares fell in premarket trading.
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning. It noted an increase of 3.6% in the group’s seasonally adjusted composite index, following a rise of 5.3% for the…
ThinkstockCommodity metals are having a tough time lately. Investor enthusiasm for metals has fallen, and its only necessary look at the price of gold to see why. Equities are where investors want to be…
thinkstockMay 13, 2014: Markets opened higher on Monday although it didn’t take the Nasdaq long to dive. The S&P 500 posted an all-time high this morning before pulling back, and there were also some…
Apparently Microsoft decided that giving away a copy of Titanfall with each Xbox One it sold was not a long-term strategic winner. Tuesday it announced that it would begin selling the device for $399.
At Wednesday's annual meeting of Google shareholders, the Domini Social Equity Fund and several co-filers submitted a proposal for consideration on how Google will formulate its approach to taxes.
A former executive with Sears Holdings said late last week that his former company should "embrace the inevitable." He called what is happening at Sears the "world's slowest liquidation sale."
ThinkstockHome prices in seven U.S. metropolitan areas rose at least 20% in 2013, according to the latest CoreLogic Case-Shiller home price index. The seven are Las Vegas (25.6%) and six California cities: Riverside (23.8%),…
Amazon.com announced Tuesday morning that it is adding France, Italy and Spain to the countries where its virtual currency, Amazon Coins, are available, giving away millions of them to new customers.
Courtesy EADS/AirbusParis-traded Airbus Group reported first-quarter results Tuesday morning, and while profits were better than analysts expected, earnings were lower than in the first quarter a year ago, even though revenues rose. Where Airbus…
ThinkstockThe National Federation of Independent Business (NFIB) Tuesday morning reported that its small business optimism index for April rose 1.8 points from 93.4 in March to come in at 95.2. This is the first…
In what is being characterized as a surprise decision, the European Court of Justice ruled Tuesday that individuals can ask Google to remove links to certain documents that turn up in search results.
ThinkstockAirline stocks are having another very good year so far in 2014, after a better-than-solid 2013. Since the beginning of the year, airline stocks are up about 30%, and there does not appear to…
thinkstockMay 12, 2014: Markets opened higher on Monday and rose quickly, remaining at or near all-time highs throughout the day. The DJIA put up a record high today and the S&P 500 was within…
Since reporting fourth-quarter results on February 26, shares of J.C. Penney are up 48%. The retailer is scheduled to release fiscal first-quarter results after markets close on Thursday.