Home Foreclosure Pace Begins to Slow
ThinkstockIn the month of September, 51,000 U.S. home foreclosures were completed. That was down 0.7% from a revised total of about 51,000 in August and down 39% from 84,000 in September 2012, according to…
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Paul Ausick
Alcatel-Lucent Turnaround Seems to Be on Track
ThinkstockImproving gross margins and cost savings are driving a turnaround at Alcatel-Lucent (NYSE: ALU). The networking equipment maker said earlier in October that it would cut 10,000 workers and make other changes that the…
Natural Gas Supply Weighs on Price
thinkstockThe U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 38 billion cubic feet for the week ending October 25. That compared with an expected build of about…
Expedia Flies High on Results
ThinkstockAfter markets closed on Wednesday, Expedia Inc. (NASDAQ: EXPE) reported third-quarter adjusted earnings per share (EPS) of $1.43 on revenues of $1.40 billion. The online travel company’s revenues rose 17% compared with the same…
Time Warner Cable Continues to Lose Subscribers
Wikimedia CommonsTime Warner Cable Inc. (NYSE: TWC) reported third-quarter 2013 results before markets opened Thursday morning. The cable operator posted adjusted diluted earnings per share (EPS) of $1.69 on revenues of $5.52 billion. In…
Avon Earnings Point to Serious Problem
ThinkstockAvon Products Inc. (NYSE: AVP) reported third-quarter 2013 results before markets opened Thursday morning. The beauty products maker posted a diluted earnings per share (EPS) loss of $0.01 on revenues of $2.32 billion. In…
Barrick Gold Earnings Do Not Tell the Whole Story
ThinkstockBarrick Gold Corp. (NYSE: ABX) reported third-quarter 2013 earnings before markets opened Thursday morning. The gold miner posted adjusted earnings per share (EPS) of $0.58 on revenues of $2.99 billion. In the same period…
Facebook Keeps Earnings Growth Coming, Share Price Follows
Courtesy Facebook Inc.Facebook Inc. (NASDAQ: FB) released its third-quarter 2013 earnings report after markets closed on Wednesday. Sales rose by 60% year over year to $2.02 billion in the quarter. Adjusted earnings came in…
Wednesday Closing Bell: Markets Can’t Hold Early Gains
October 30, 2013: U.S. markets opened higher again Wednesday morning as investors waited to hear the FOMC announcement later in the day. The ADP employment report came in weak while the consumer price index…
FOMC: Quantitative Easing as Far as the Eye Can See!
courtesy U.S. Federal ReserveSaying that the Federal Open Market Committee (FOMC) it sees improvement in U.S. economic activity and in the U.S. labor market since beginning its $85 billion asset purchase program, the committee…
Suntech Gets $150 Million to Ward Off Bankruptcy
ThinkstockChinese solar PV maker Suntech Power Holdings Co. Ltd. (NYSE: STP) has been down for so long that anything must look like up. The company said Wednesday morning that it has received a letter…
Criteo IPO Takes Off
ThinkstockParis-based Criteo SA (NASDAQ: CRTO) held its initial public offering (IPO) this morning, selling 8.08 million American Depositary Shares (ADS) at an IPO price of $31 per ADS. One ADS is equal to one…
Corning Shares Sag on Outlook, Lower Earnings
courtesy of SamsungCorning Inc. (NYSE: GLW) reported fiscal third quarter 2013 results before markets opened Wednesday morning. For the quarter, the specialty glass products maker posted adjusted diluted earnings per share (EPS) of $0.33…
Western Union 2014 Profit Outlook Shakes Investors
ThinkstockAfter markets closed on Tuesday evening, payment services giant Western Union Co. (NYSE: WU) reported third-quarter results that met the consensus estimate for revenues and beat the estimate on earnings per share (EPS). But…
Shrinking U.S. Gasoline Supply Supports Higher Crude Oil Price
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 4.1 million barrels last week, bringing a total U.S. commercial crude inventory to 383.9…
NQ Mobile Takes Big Bounce — Off a Bottom?
ThinkstockOn Tuesday we speculated that shares of Chinese mobile Internet services provider NQ Mobile Inc. (NYSE: NQ) may have reached a bottom. Shares finished the day up more than 25% and are on another…
Sprint’s Subscriber Numbers Fall, Posts Profit on Clearwire Gain
courtesy of Sprint Corp.Sprint Corp. (NYSE: S) reported third-quarter 2013 results before markets opened Wednesday morning. The country’s third largest wireless carrier posted revenues of $8.68 billion and an operating loss of $398 million.…
Phillips 66 Earnings Suffer from Higher Crude Prices
ThinkstockPhillips 66 (NYSE: PSX) reported third-quarter 2013 results before markets opened Wednesday morning. The oil refiner posted adjusted diluted earnings per share (EPS) of $0.87 on revenues of $44.85 billion. In the same period…
North American Sales Boost GM Earnings
courtesy of General Motors Co.General Motors Co. (NYSE: GM) reported third-quarter 2013 results before markets opened Wednesday morning. The automaker posted diluted earnings per share (EPS) of $0.45 on revenues of $39.0 billion. In…
Comcast Earnings Point to New High
ThinkstockComcast Corp. (NASDAQ: CMCSA) reported third-quarter 2013 results before markets opened Wednesday morning. The cable operator posted adjusted diluted earnings per share (EPS) of $0.65 on revenues of $16.15 billion. In the same period…