Will J.C. Penney Last Long Enough to Turn Around?
courtesy J.C. Penney Co. Inc.J.C. Penney Co. Inc. (NYSE: JCP) may have built up its cash pile by getting $1.3 billion line of credit and issuing a secondary stock offering for another $800 million…
All Work
Paul Ausick
September’s Most Popular Apps Downloads Include a New Twist
Amazon.com Inc.The most popular downloaded free app from the App Store at Apple Inc. (NASDAQ: AAPL) in September was YouTube from Google Inc. (NASDAQ: GOOG). The ever-popular Candy Crush Saga from King.com Ltd. ranked…
Why Demand Is Rising for Big Solar Projects
ThinkstockUtility-scale solar installations in the United States at the end of the third quarter were 15% higher than a year ago. As of the end of September, total new installations in the country rose…
Johnson & Johnson Growth Stalls
Wikimedia CommonsJohnson & Johnson (NYSE: JNJ) reported third-quarter 2013 results before markets opened Tuesday morning. The health care giant posted quarterly adjusted diluted earnings per share (EPS) of $1.36 on revenue of $17.58 billion.…
Not Much Sparkle in Coca-Cola Company Earnings
courtesy of The Coca-Cola CompanyThe Coca-Cola Co. (NYSE: KO) reported third-quarter 2013 results before markets opened Tuesday morning. For the quarter, the soft-drink maker posted diluted earnings per share (EPS) of $0.54 on revenues…
Monday Closing Bell: Markets Hold Afternoon Gains
October 14, 2013: U.S. markets opened lower Monday morning as concerns rose again over the stalemate in Washington. News that a meeting among Senate leaders may be producing some results boosted equities above the…
Clean Energy Investment Slashed in Third Quarter
ThinkstockGlobal investment in the third quarter fell 14% sequentially to $49.5 billion according to Bloomberg New Energy Finance data. The decline virtually guarantees that annual investment in renewable energy will decline from spending of…
Russian Charges Against Potash Executive Won’t End Price War
thinkstockAfter Russian potash producer Uralkali pulled out of the Belarusian Potash Co., a potash marketing group formed with Belarus’s Belaruskali, Belarus took the occasion to nab Uralkali’s CEO and toss him into a Belarusian…
U.S. Energy Bonanza Does Not Equal Energy Security
ThinkstockWhile the U.S. may soon take over as the world’s largest producer of oil and natural gas, the U.S. ranks just 5th on a scale that measures energy security among 13 countries. A country’s…
U.S. Default Could Create Surge in Gold Demand
ThinkstockIf the U.S. Congress and the president cannot agree on terms under which the federal debt ceiling can be raised, the federal government likely would run out of cash by the end of the month.…
Friday Closing Bell: Markets Post Small Gain as Shutdown Drags On
October 11, 2013: U.S. markets opened slightly lower Friday morning but that didn’t last long. The report on consumer sentiment was not as bad as it could have been and that seemed to cheer investors…
U.S. Refiners Boosting Global Supply: IEA
courtesy BP plcU.S. crude oil refiners’ stocks are surging Friday following the release of the International Energy Agency’s (IEA) October Oil Market Report. U.S. refinery throughput in September led to the agency to increase…
Toyota’s Hydrogen Fuel Cell Car Nearly Ready for Prime Time
ThinkstockIn an interview in Tokyo on Wednesday, Toyota Motor Corp. (NYSE: TM) said it expects to unveil a hydrogen fuel cell car at next month’s Tokyo Auto Show and have the car available for…
Consumer Sentiment Down the Drain: More Pain Ahead Likely
ThinkstockThe Thomson Reuters/University of Michigan preliminary consumer sentiment index for October dropped to 75.2 from a final reading of 77.5 in August. The October index is the lowest reading since January. Economists were expecting…
Ethanol Production Mandate Could Be Slashed
ThinkstockBattered by a host of complaints from refiners and blenders, the U.S. Environmental Protection Agency (EPA) is reported to be considering a reduction to the amount of ethanol required to be blended with gasoline…
Mortgage Business Weighs on Wells Fargo Earnings
ThinkstockWells Fargo & Co. (NYSE: WFC) reported third-quarter results before markets opened Friday morning. The bank posted diluted earnings per share (EPS) that totaled $0.99 on revenue of $20.5 billion. In the same period…
Legal Expenses Are a Drag on J.P. Morgan Earnings
Wikimedia CommonsJ.P. Morgan Chase & Co. (NYSE: JPM) reported third-quarter results before markets opened Friday morning. The investment bank and financial services giant posted adjusted diluted earnings per share (EPS) of $1.42 on revenue…
Micron Technology Company Earnings Disappoint Investors
ThinkstockMicron Technology Inc. (NASDAQ: MU) reported fourth-quarter and fiscal year 2013 results after markets closed Thursday. The semiconductor company reported adjusted diluted earnings per share (EPS) of $0.20 on revenue of $2.84 billion. In…
Thursday Closing Bell: Markets Rally on Hopes for End to Crisis
October 10, 2013: U.S. markets opened higher Thursday morning and then rose further on news of new talks that would lead to a solution on the debt ceiling. Today’s report on new claims for…
Activision Blizzard Gets Court OK for Stock Buyback
courtesy GameStop Corp.The $8.2 billion deal that Activision Blizzard Inc. (NASDAQ: ATVI) made to repurchase its stock from France’s Vivendi S.A. was reinstated Thursday afternoon by the Delaware Supreme Court just in time for the…