GM Earnings Hit by Big, One-Time Charges
Before the markets opened Thursday morning, General Motors reported fourth-quarter and full-year 2013 results that fell short of analysts' consensus expectations, due to big, one-time charges.
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Paul Ausick
Computer Failure Diverts Air India 787 Dreamliner
A Boeing 787 belonging to Air India on a flight from Sydney to New Delhi made an emergency landing in Kuala Lumpur after all three of the plane's flight management computer screens went blank.
Green Mountain Coffee Strikes Huge Deal With Coca-Cola, Posts Earnings Beat
courtesy Green Mountain Coffee Roasters Inc.Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) reported first-quarter fiscal 2014 earnings after markets closed Wednesday. But the big news came shortly before the company released its numbers. The company…
The 4 Stocks That Dominated the Market on Wednesday
thinkstockFebruary 5, 2014: Markets opened lower on Wednesday following the report from ADP that nonfarm payrolls had risen less than expected in January. And unlike yesterday, the Japanese yen gathered strength early in the…
Weather May Have Wrecked January Retail Sales
ThinkstockIt’s a good thing that the month of January typically accounts for just 20% of most retailers’ fourth quarter sales. This January has been a particularly harsh one, at least as far as the…
Casino Stocks Hammered by Drop in Macau Revenues
ThinkstockGambling revenue growth on the Chinese island of Macau fell to its lowest level in 15 months in January, rising just 7% to $3.6 billion. The drop is attributed to slowing economic growth in…
Crude Oil Supply Keeps Pump Prices in Check
The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased and total gasoline inventories increased last week.
Exxon or Chevron: Is Either a Value Play?
The two largest U.S. integrated oil companies, Exxon Mobil and Chevron, have now reported 2013 results, and neither one can claim to have made a very positive impression on investors. Is either a value…
CVS Pharmacies Snuff Out Cigarette Sales
Drug store operator and health benefits management company CVS Caremark said Wednesday morning that it would stop selling cigarettes and other tobacco products at its 7,600 U.S. stores by October 1 of this year.
Mortgage Loan Rates Slide Lower, Applications Rise
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 0.4% in the group’s seasonally adjusted composite, index following a drop of 0.2% for the previous…
Merck Earnings Fail to Dazzle, but the Company’s Story Remains Strong
Before the markets opened Wednesday morning, drug giant Merck & Co. reported fourth-quarter and full-year 2013 results that failed to dazzle. But shares traded higher in the premarket session.
Toyota Leads the Pack in Brand Image, Honda Slips
Consumer Reports magazine has released its 2014 Car-Brand Perception Survey, which reflects how consumers look at car brands in seven categories. The top brand manufacturer overall was Toyota, which widened its lead over the…
The 4 Stocks That Dominated the Market on Tuesday
thinkstockFebruary 4, 2014: Markets opened higher on Tuesday following a crushing on Monday that saw all three major indexes put up at least a 2% loss on the day. Equities got some help from…
Apple iOS Gains Platform Market Share: comScore
courtesy of Apple Inc.For the three months ending in December, Apple Inc. (NASDAQ: AAPL) grew its share of the U.S. smartphone market by 1.2% compared with the three month period ending in September, from…
Amazon Could Keep Prime Low to Hammer Apple
On the company's earnings call last week, Amazon.com said that it may raise the price on its subscription shipping service, Amazon Prime, from its current level of $79 a year to as much as…
Federal Deficit to Plunge to $514 Billion
The U.S. Congressional Budget Office now estimates that the federal budget deficit in fiscal year 2014 will total less than half the $1.4 trillion federal deficit in 2009. Federal revenues are expected to grow…
J.C. Penney Holiday Sales Not as Good as They Appear
J.C. Penney shares were up in premarket trading Tuesday morning after the struggling retailer announced preliminary results for the company's same-store sales in the fourth quarter and for the nine-week holiday sales period.
Sirius XM’s Subscriber Counts Rise, Profits Do Not
Sirius XM Holdings reported fourth-quarter and full-year 2013 results before markets opened on Tuesday morning. Earnings fell short of consensus estimates, but revenues were better than expected.
ADM Profits Rise on Lower Corn Costs, Ethanol Demand
Archer Daniels Midland reported fourth-quarter and full-year 2013 earnings Tuesday morning that exceeded consensus estimates. Revenue for both periods fell short of expectations.
Yum! Shares Rise on Profits, Hopes for China
courtesy of KFCYum! Brands Inc. (NYSE: YUM) reported fourth-quarter and full-year 2013 results after markets closed on Monday. The fast-food restaurant operator posted adjusted diluted earnings per share (EPS) of $0.86 and revenues of…