ThinkstockU.S. economic confidence had been declining throughout the month of September as a federal government shutdown loomed. From a reading of -13 at the end of August the index fell to -24 on September…
courtesy of Apple Inc.UPDATE: Wal-Mart Stores Inc. (NYSE: WMT) and RadioShack Corp. (NYSE: RSH) said Friday afternoon that they would lower the price of the Apple iPhone 5c to $45. RadioShack, like Best Buy,…
ThinkstockSales of semiconductors rose to $25.87 billion in August, up 6.4% year-over-year for the month, representing the industry’s largest annual growth since March 2011. Sales rose 1.3% month-over-month. The numbers are compiled by Taiwan-based…
Sandwich shop chain Potbelly Corp. (NASDAQ: PBPB) held its initial public offering (IPO) Friday morning, selling 7.5 million shares at $14 a share. While the offering price is well above the original price range…
ThinkstockU.S. agribusiness giant Archer Daniels Midland Co. (NYSE: ADM) announced last June that its Australian subsidiary had agreed to acquire the 80% or so of Australia’s GrainCorp that it did not already own for…
ThinkstockWhen the U.S. Environmental Protection Agency (EPA) and the National Highway Traffic Safety Administration (NHTSA) published the Corporate Average Fuel Economy (CAFE) standards last year, the target performance for model year 2025 new cars…
ThinkstockThe Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve’s Board of Governors Thursday morning released the public portions of the so-called annual resolution plans for 11 of the country’s largest banks. The plans were…
ThinkstockThe federal government shutdown for lack of congressional action either on a new fiscal year budget or an extension of the fiscal 2013 spending levels has a relatively modest impact on the larger economy.…
thinkstockThe U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 101 billion cubic feet last week, compared with an expected build of about 95 billion cubic feet anticipated…
ThinkstockIn a tracking survey that estimates the percentage of the U.S. population employed at least 30 hours a week, Gallup reports that the payroll to population (P2P) employment rate fell from 43.7% in August…
Courtesy Herbalife Ltd.Activist hedge fund Pershing Square Capital Management has cut its short position in Herbalife Ltd. (NYSE: HLF) by more than 40%, according to a letter from CEO William Ackman. The firm made…
ThinkstockVeeva Systems Inc., a California-based company that makes cloud software solutions for the life sciences industry, has filed an amended Form S-1 with the Securities and Exchange Commission for an initial public offering (IPO)…
ThinkstockConstellation Brands Inc. (NYSE: STZ) reported second-quarter fiscal 2014 adjusted diluted earnings per share (EPS) of $0.96 on revenue of $1.46 billion. In the same period a year ago, the premium wine and beverage company…
October 2, 2013: U.S. markets opened lower Wednesday following the ADP report on employment which showed a smaller than expected gain in non-farm jobs in September. A later report from TrimTabs was even weaker.…
ThinkstockAs the saying goes, “It ain’t over til it’s over,” and the bankruptcy auction for the assets of LightSquared L.P. may never be over. But at least it is a step closer. On Monday…
ThinkstockThe outlook for retailers reporting September same-store sales on Thursday offers substantial improvement over September 2012, but there are significant downside risks to the early estimates. Research firm Retail Metrics estimates that same-store sales…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 5.5 million barrels last week, maintaining a total U.S. commercial crude inventory to 363.7…
ThinkstockReal-estate brokerage firm Re/Max Holdings Inc. (NYSE: RMAX) held its initial public offering (IPO) Wednesday morning, selling 10 million shares at $22 a share. The offering priced above the expected range of $19 to…
ThinkstockIn an initial public offering (IPO) on Wednesday morning, Burlington Stores Inc. (NASDAQ: BURL) sold 13.3 million shares at an IPO price of $17 a share and quickly jumped 38% to trade around $23.45.…
courtesy of MicrosoftIn an exclusive report at Reuters, the news agency cites unnamed sources who say that some of Microsoft Corp.’s (NASDAQ: MSFT) biggest investors are pressing the company’s board to force Microsoft co-founder…