thinkstockJanuary 3, 2014: Markets opened higher on Friday following yesterday’s sell-off. Gains and losses were modest throughout the trading day, with the three major indexes not moving far in either direction from the flat…
ThinkstockAfter reporting a 10% increase in passenger revenues for the month of December on Friday morning, Delta Air Lines Co. (NYSE: DAL) raised its estimate for the company’s fourth quarter operating margin from 5.5%…
Sales prices of automobiles rose by more than $1,000 month-over-month in November. However, sales prices declined $159 when compared with December 2012 prices.
Automakers reported December U.S. sales Friday morning. Two of the companies projected 2013 sales to reach an annual rate of less than 16 million new vehicles sold in 2013, a drop from last month's…
Wireless phone giant AT&T is offering current customers of T-Mobile US up to $450 to switch carriers. The offer is meant to steal a bit of thunder from next week's expected T-Mobile announcement.
Union local 751 of the International Association of Machinists and Aerospace Workers (IAM) will vote Friday on whether to accept the revised contract offered by Boeing for its 31,000 members.
While Apple's iPhone showed gains in its post-Christmas share of usage, its iPad did not fare as well. The iPhone was the only smartphone to post a usage share gain in the days after…
Retail giant Walmart has issued a recall notice for about 73,400 folding table and chair sets in the U.S., and in China it recalled donkey meat following tests that showed that the product had…
thinkstockJanuary 2, 2014: Markets opened lower on Thursday likely due to some profit taking following an end-of-the-year buying spree. Trading volume was light again as traders presumably continued their holiday vacations. The DJIA closed…
ThinkstockIn a safety alert issued Thursday, the U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) said it was “reinforcing” its requirement to test, characterize, classify, and degasify hazardous materials prior to…
ThinkstockIn a brief press announcement issued Thursday, Macy’s Inc. (NYSE: M) said that it has resolved its breach-of-contract suit with Martha Stewart Living Omnimedia Inc. (NYSE: MSO). The terms of the settlement were not…
While we wait for next week's report on same-store sales from some of the country's chain stores, we can chew on some data released Thursday morning by IBM Digital Analytics Benchmark. The bottom line…
The Macau gambling authority said on Thursday that the island's gambling revenue rose 19% year-over-year in 2013 to $45.2 billion, about seven times the revenue expected from gambling on the Las Vegas Strip. Clearly…
The U.S. economy continued expanding in December, posting a purchasing managers index (PMI) reading of 55.0, above the November reading of 54.7 and the consensus estimate for 54.5.
ThinkstockRefining companies with the majority of their operations on the Gulf Coast of the United States have been in the driver’s seat for profits during the past several months of 2013. Access to cheaper…
In a note to investors, analysts at Sterne Agee warn that PC makers may cut production 10% to 12% quarter-over-quarter in the period ending in March. The decline is larger than the 6% to…
Sunday's announcement that Fiat has agreed to acquire the 41.5% stake in Chrysler Group owned by a United Auto Workers (UAW) benefits trust fund for a total of $4.35 billion ends a nearly year-long…
ThinkstockOn average Americans paid $3.49 a gallon for gasoline in 2013. That’s the lowest average price since 2010, and the AAA said on Tuesday that it expects the average to be slightly lower in…
ThinkstockAmericans’ confidence in the nation’s economy stood at -21 at the beginning of 2013 and has managed to show a modest improvement to -17, according to the latest survey by Gallup. The confidence survey…
Beginning April 1, the cost to store commodities like aluminum and copper in London Metal Exchange (LME) bonded warehouses will rise at average of 3% and transportation charges out of the warehouses will rise…