J.C. Penney Shares Hammered
J.C. Penney shares tanked early Friday morning, down 10% on no apparent news. Investors must be grappling with whether the stock's upside is in the rear-view mirror.
All Work
Paul Ausick
Zoes Kitchen IPO Surges
ZoesKitchen.comFast-casual restaurant chain Zoës Kitchen Inc. (NYSE: ZOES) sold 5.83 million shares Friday morning at an initial public offering (IPO) price of $15 a share, the top of its expected range of $13 to…
Consumer Sentiment Rises to Nine-Month High
ThinkstockThe preliminary April read on the Thomson Reuters/University of Michigan Consumer Sentiment Index rose to a nine-month high of 82.6. A survey of economists by Bloomberg had a consensus estimate for a reading of…
Heartbleed Bug Infects Cisco, Juniper Gear
ThinkstockThe World Wide Web security flaw known as Heartbleed has been found in the hardware made by Cisco Systems Inc. (NASDAQ: CSCO) and Juniper Networks Inc. (NYSE: JNPR). This discovery will be much harder…
Wells Fargo Lending Grows, So Do Profits
Wells Fargo reported better-than-expected first-quarter earnings before markets opened Friday morning. The said it will raise its dividend and repurchase 350 million of its shares.
JPMorgan Earnings Clubbed by Mortgage Lending
JPMorgan Chase reported disappointing fiscal first-quarter results before markets opened Friday morning. It also raised its dividend and said it will repurchase $6.5 billion in common stock.
The 5 Stocks That Ignored the Sell-Off
thinkstockApril 10, 2014: Markets opened lower on Thursday and could do nothing to turn the tide. Healthcare stocks led the drop, with financials close behind. Two major financial stocks report earnings Friday morning before…
GM Recall Charges Now Up to $1.3 Billion
General Motors Co.In yet another blow to the company’s image and profit, General Motors Co. (NYSE: GM) today added the ignition lock cylinder to its recall of 2.2 million older model U.S. cars. All…
Conoco Sets Goal for Double-Digit Shareholder Returns
At its analyst meeting in New York City Thursday, ConocoPhillips reaffirmed its goal of delivering double-digit annual returns to investors by, in part, growing production by 3% to 5% a year.
Why Icahn Bested eBay
Carl Icahn will withdraw both his proposal that eBay spin off its PayPal business and his two nominations for candidates for the company's board in exchange for the appointment of an independent director.
Orange Juice Prices Soar
ThinkstockTotal U.S. production of oranges in the 2013–2014 crop year is now estimated at about 7.2 million tons, more than a million tons below last year’s total of 8.3 million tons. Virtually the entire…
Natural Gas Build Only a Fraction of Needed Recovery
thinkstockThe U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 4 billion cubic feet for the week ending April 4, compared with an expected increase of between 5…
Ally Financial IPO Starts on Bad Note for Taxpayers
Ally Financial priced its initial public offering at $25 a share after markets closed Wednesday. The IPO price was at the low end of the expected range. The company sold 95 million shares Thursday…
Why Apple’s Next iPhones Will Get Bigger
The expected appearance later this year of two new iPhones from Apple is being almost breathlessly anticipated by pundits and bloggers, but what about buyers?
March Retail Sales Weaker on Weather and Late Easter
ThinkstockRetailers are announcing March U.S. same-store sales figures Thursday. Research firm Retail Metrics projected an overall gain of 2.5% year-over-year. Retail sales gained just 1.4% in March of 2013, excluding drug store sales. Including…
Family Dollar Earnings Bring Store Closures and Job Cuts
Family Dollar Stores reported disappointing second-quarter fiscal 2014 results before markets opened Thursday morning. It said it will close about 370 underperforming stores later this year.
The 4 Stocks That Inspired The Bounce
thinkstockApril 9, 2014: Markets opened higher on Wednesday and then got a jolt higher following the afternoon release of the FOMC’s last meeting minutes. The minutes indicated to many investors and traders that the…
VW Stop-Sale Order — Almost a Month’s Worth of Sales
Courtesy Volkswagen AGVolkswagen of America has issued a mandatory stop-sale order on four of its 2014 cars built just this past February. The order applies to Jettas, Beetles, Beetle Convertibles and Passats equipped with…
Connected Cars: Just Smartphones on Wheels?
At last month's Geneva Motor Show, Apple announced partnerships with several carmakers for the CarPlay version of the company's iOS mobile operating system.
La Quinta IPO Stalls After Pricing Below Range
Hotel chain La Quinta Holdings issued 38.25 million shares at $17 a share in its initial public offering Wednesday morning. The IPO price was below the expected range of $18 to $21 a share.