ThinkstockOf four initial public offerings (IPO) scheduled to begin trading on Wednesday, we have seen two and await the others. Both IPOs now trading priced below their expected range, and one offered fewer shares…
Wikimedia CommonsThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 10 million barrels last week, maintaining a total U.S. commercial crude inventory to…
3D Systems announced Wednesday that it has entered a definitive agreement to acquire a majority interest in Brazil-based Robtec, the leading distributor of printing and scanning products in Latin America,
ThinkstockThe U.S. Census Bureau and the Department of Housing and Urban Development reported Wednesday morning that new housing starts in March rose to a seasonally adjusted annual rate of 946,000. That was an increase…
Israeli business newspaper Calcalist reports that SodaStream International is holding talks related to selling a stake to a large soft-drink maker. Speculation naturally points first to PepsiCo.
Bank of America reported first-quarter results before markets opened Monday. The bank continues to get slammed with settlements related to its acquisition of Countrywide during the financial crisis.
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 4.3% in the group’s seasonally adjusted composite index. That followed a drop of 1.6% for the…
courtesy of Yahoo!Yahoo! Inc. (NASDAQ: YHOO) reported fiscal first quarter 2014 results after markets closed Tuesday afternoon. The Internet portal company reported quarterly adjusted diluted earnings per share (EPS) of $0.38 on revenue of…
thinkstockApril 15, 2014: Markets opened slightly higher on Tuesday with shares moving up before bouncing down after headlines related to confrontations in Ukraine. By afternoon markets had recovered somewhat to trade at about the…
A new report from a coalition called Americans for Tax Fairness claims that Walmart, Chairman Rob Walton and the entire Walton family owe the United States some $7.8 billion in taxes for 2013.
The wariness about the turnaround at J.C. Penney Co. bubbled to the surface again in the past week. The wariness appears to have turned to outright fear on Tuesday.
thinkstockThe number of subscribers to pay-TV services dropped by about 588,000 in 2013, but that trend is set to reverse itself between 2014 and 2019, growing from about 101 million subscribers to 103.2 million.…
ThinkstockTwo initial public offerings delayed from last week priced on Monday and began trading Tuesday morning. Both priced well below their expected ranges, and neither looks to be off to a roaring start. City…
ThinkstockThe National Association of Home Builders (NAHB)/Wells Fargo housing market index for April rose one point to 47 from a reading of 46 in March. The reading was below a consensus forecast of 49…
In a blog post on Monday, Netflix reported that its Comcast connection speed jumped 65% in March. Netflix is happy, and presumably so are its customers. The company got what it paid for.
Johnson & Johnson reported better-than-expected first-quarter results before markets opened Tuesday morning. And the company boosted its earnings guidance for the full year.
Coca-Cola reported first-quarter results before markets opened Tuesday morning. The company said that structural changes provided the boost to revenues. Shares were up in premarket trading.
The Boeing Co.The company best known in the United States for its Subaru cars is preparing to build a new $98 million factory to fabricate a major part for the new 777X aircraft from…
ThinkstockThe Canadian Revenue Agency (CRA), which performs the same function for the Canadian government that the Internal Revenue Service does in the U.S., announced today that it has been bitten by the Heartbleed bug.…
thinkstockApril 14, 2014: Markets opened higher on Monday with shares moving up across the board in the morning. By afternoon buying enthusiasm had definitely cooled for some of the momentum stocks in biotech and…