ThinkstockGoogle Inc. (NASDAQ: GOOG) launched its haphazardly named streaming radio service, Google Play Music All Access, in May for a $10 a month subscription price. Apple Inc. (NASDAQ: AAPL) launched its free iTunes Radio…
ThinkstockIn a terse press statement Friday morning, Sears Holdings Corp. (NASDAQ: SHLD) said that it has filed with the U.S. Securities and Exchange Commission (SEC) to spin off its Land’s End stores in a…
ThinkstockBig Lots Inc. (NYSE: BIG) reported third-quarter fiscal 2013 results after markets closed Thursday evening. The discount retailer posted an adjusted diluted earnings per share (EPS) loss of $0.16 and $1.15 billion in revenues.…
thinkstockMarkets opened lower Thursday morning and all three major indexes finished the trading day lower as well. The Nasdaq Composite fell just 0.12% at the closing bell, while the DJIA and the S&P 500…
courtesy of Apple Inc.For the three months ending in October, Apple Inc. (NASDAQ: AAPL) grew its share of the U.S. smartphone market by 0.2% compared with the three month period ending in July, from…
courtesy J.C. Penney Co. Inc.On Wednesday the head of hedge fund Hayman Capital Management, Kyle Bass, pointed to General Motors Co. (NYSE: GM) as a stock with nearly 40% upside to its current price.…
ThinkstockSince June Google Inc.’s (NASDAQ: GOOG) share of apps revenue has increased from 30% to 37% at the expense of Apple Inc. (NASDAQ: AAPL) and its App Store. Apple’s share of revenue has dropped…
ThinkstockRetailers are announcing November same-store sales Thursday and, once again, J.C. Penney Co. Inc. (NYSE: JCP), which reported a strong gain of 10.1% on Monday, is getting lashed. We’ve noted before that Penney’s gain…
ThinkstockThe 86-year old founder and chairman of Barrick Gold Corp. (NYSE: ABX), Peter Munk, will step down from his position as chairman of the company’s board of directors at the company’s 2014 annual meeting…
Thinkstock2013 has been a good year for casino stocks, with shares in the five most heavily traded companies up between 50% and more than 100%. That success has been driven by continuing growth in…
Public domain via Wikimedia CommonsWith an expected vote due next Monday on the so-called Volcker rule, one question on big bank stocks is whether the impact of that rule has been fully priced into…
thinkstockMarkets opened down Wednesday morning and aside from a late morning push into positive territory, stocks have languished below the flat line since. The Nasdaq Composite did manage a scant gain of 0.02% at…
Kyle Bass's Hayman Capital Management reportedly has taken a large stake in General Motors. Bloomberg TV reported that the fund manager has taken a large stake, although its size was not initially disclosed.
Wikimedia CommonsWithout mentioning a single fact, Amazon.com Inc. (NASDAQ: AMZN) said Wednesday morning that the past weekend’s shopping was the best ever for its Kindle family of products. Fact-free announcements are standard procedure for…
ThinkstockThe U.S. Census Bureau Wednesday morning released data on new single-family home sales for October. Sales rose 25.4% month over month, to a seasonally adjusted annual rate of 444,000, from a revised September sales…
ThinkstockSpecialty apparel retailer Express Inc. (NYSE: EXPR) saw its shares get crushed in premarket trading Wednesday morning. The company reported third-quarter results before markets opened, missing the earnings per share estimate by $0.02 but…
ThinkstockAt the final meeting for 2013 of the Organization of Petroleum Exporting Countries (OPEC), Iran’s oil minister has threatened to increase his country’s output even if prices drop to $20 a barrel. Iran plans…
The Mortgage Bankers Association released its weekly report on mortgage applications Wednesday morning, and it noted a decrease of 12.8% in the group's seasonally adjusted composite index.
ThinkstockProtests demanding a minimum wage of $15 an hour from fast-food restaurants will begin Wednesday with demonstrations at McDonald’s Corp. (NYSE: MCD) restaurants in five U.S. cities — Seattle, San Francisco, New York, Los…
ThinkstockThe American Petroleum Institute (API), a trade association for the oil & gas industry, said in its weekly inventory report after markets closed on Tuesday that the U.S. crude oil inventory has fallen by…