GM Recalls Cars After Six Deaths
General Motors has issued a recall notice for nearly 780,000 compact cars following 22 reported crashes in which six people died when the cars' airbags failed to inflate. The cars involved are Chevrolet Cobalt…
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Paul Ausick
J.C. Penney Changes CFOs: Will It Help?
J.C. Penney announced Thursday morning that CFO Ken Hannah is leaving the company and will be replaced by Ed Record, who has 25 years of retail management experience, most recently as COO at Stage…
Pepsi Boosts Dividend After Earnings Beat
PepsiCo reported better-than-expected fourth-quarter and full-year 2013 earnings before markets opened Thursday morning and also hiked its dividend. Shares were down fractionally in premarket trading.
Comcast, Time Warner Deal Changes the Cable Landscape
The announced merger between the largest U.S. cable operator, Comcast, and the second largest, Time Warner Cable, will create a media goliath with 33 million cable subscribers. But this is in an era when…
The 4 Stocks That Dominated the Market on Wednesday
thinkstockFebruary 12, 2014: Markets opened higher on Wednesday, but not by much. A report on a big jump in China’s trade balance from earlier in the day may or may not have been accurate,…
Android, Samsung Crush Apple in 2013 Smartphone Shipments
courtesy of SamsungFor anyone paying attention to the smartphone market, the fact that Google Inc. (NASDAQ: GOOG) and Apple Inc. (NASDAQ: AAPL) dominate the market is certainly no big shocker. Together the two companies…
Mortgage Loan Rates Fall Slightly; Mortgage Applications Slip as Well
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 2% in the group’s seasonally adjusted composite index, following a rise of 0.4% for the previous…
Crude Oil Inventory Report Supports Higher Prices
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 3.3 million barrels last week, maintaining a total U.S. commercial crude inventory to 361.4…
Short Interest Declines in Oil and Gas Sector, With One Exception
ThinkstockShort interest in several large oil and gas stocks dropped in the two-week period to January 31, probably on expectations of greater demand due to an improving global economy. Short interest rose in just…
Stocks With the Most Short Interest — NYSE
Jon OggHere is a look at the six NYSE-traded stocks with the largest number of shares held short as of January 31. Of the five, only one saw its short interest decrease. AT&T Inc. (NYSE:…
Stocks With the Most Short Interest — Nasdaq
bfishshadow via Wikimedia CommonsHere is a look at the six Nasdaq-traded stocks with the largest number of shares held short as of January 31. Of the six, four saw short interest fall while two had…
Short Interest in 3D Printing Sector Rises While Stock Prices Slide
ThinkstockWe continue to track the short interest changes in the primary 3D printer and services companies. The following information is based on data reported for the period ended January 31, 2014. Short interest in…
OPEC Forecasts 2014 Demand Growth for Crude Oil
ThinkstockIn the February issue of its Monthly Oil Market Report, the Organization of Petroleum Exporting Countries (OPEC) has increased its estimate of global crude oil demand by 50,000 barrels a day to 1.09 million…
Deere Earnings Strong, but Outlook Is Nothing to Cheer About
Deere & Co. reported better-than-expected first-quarter fiscal 2014 results before markets opened Wednesday, but the outlook for 2014 was soft. Still, shares traded higher in the premarket.
Struggles to Continue for Coal Miner Alpha Natural Resources
Alpha Natural Resources reported smaller than expected net losses per share for the fourth quarter and full year 2013 before markets opened Wednesday. Shares were down in premarket trading.
Chinese Exports Jump 10% in January — or Not
Chinese officials reported on Wednesday that the country's January exports were more than 10% higher than in January of 2013 and more than 4% higher than in December. But there is some doubt about…
The 4 Stocks That Dominated the Market on Tuesday
thinkstockFebruary 11, 2014: Markets opened higher on Tuesday anticipating that new Fed Chair Janet Yellen would not announce any significant diversion from current Fed policy. And in another expected development, House Republicans have indicated…
Goldman: Aluminum Looks Good; By the Way, We Own Warehouses Full of the Stuff
ThinkstockAn analyst at Goldman Sachs Group Inc. (NYSE: GS) has raised its price target on Alcoa Inc. (NYSE: AA) from $12 to $15, a jump of about 36% from the stock’s trading price of…
Ocean Power Gets a Jolt From Lockheed Deal
Shares of Ocean Power Technologies soared Tuesday following an announcement that the company has a $205.68 million deal with U.S. defense giant Lockheed Martin to produce the world’s largest wave energy project offshore of…
Charter Offers Slate of Candidates to Replace Time Warner Cable Board
Cable operator Charter Communications said Tuesday morning that it has given formal notice to Time Warner Cable of its nomination of 13 independent candidates for Time Warner's board of directors.