thinkstockThe U.S. Energy Information Administration (EIA) today reported that U.S. natural gas stocks increased by 57 billion cubic feet last week, compared with an expected build of 65 billion cubic feet anticipated by analysts.…
via Wikimedia CommonsAfter five years at the top of the heap, Google Inc. (NASDAQ: GOOG) has relinquished its top spot in comScore Inc.’s (NASDAQ: SCOR) ranking of the top 50 U.S. Web properties. The new…
ThinkstockSunEdison Inc. (NYSE: SUNE), the company formerly known as MEMC Electronics, announced Thursday morning that it would spin off its semiconductor unit in an initial public offering (IPO) tentatively scheduled for early next year.…
thinkstockTwo of the oldest brands in U.S. retailing are engaged in a struggle for survival. And if either is to defy a Darwinian end, some evolution will have to take place. Sears Holdings Corp.…
August 21, 2013: Markets opened mixed this morning as traders and investors waited for the afternoon’s release of the July FOMC meeting minutes. Existing home sales rose more than expected in July. A report…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories decreased by 1.4 million barrels last week, maintaining a total U.S. commercial crude inventory to 359.1…
The National Association of Realtors (NAR) reports that the seasonally adjusted annual rate of existing home sales in July rose 6.5% to 5.39 million from a downwardly revised total of 5.06 million in June.…
courtesy of TargetIn its second-quarter earnings report released before markets opened on Wednesday, Target Corp. (NYSE: TGT) announced adjusted earnings per share (EPS) of $1.19 on revenues of $17.12 billion, compared with the consensus…
ThinkstockBefore markets opened on Wednesday, Lowe’s Companies Inc. (NYSE: LOW), the country’s second largest home improvement store chain, reported second-quarter diluted earnings per share of $0.88, up from $0.64 in the second quarter a…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a drop of 4.6% in the group’s seasonally adjusted composite index, following a decline of 4.7% for the previous…
courtesy of SamsungTo say that Apple Inc. (NASDAQ: AAPL) has a stranglehold on the tablet market is probably no more than to state the obvious. Of all devices running Apple’s iOS operating system, 28%…
courtesy GameStop Corp.Microsoft Corp. (NASDAQ: MSFT) announced on Tuesday at the Gamescom show the names of 23 titles that will available at the launch of its new Xbox One game controller now scheduled for…
Wikimedia CommonsThe big question in the retail sector is whether any company can hold on against Amazon.com Inc. (NASDAQ: AMZN). Corner bookstores have all but disappeared, Borders is history and Barnes & Noble Inc.…
ThinkstockNot even the size of London-listed Glencore Xstrata’s $8.47 billion asset impairment came as much of a surprise to observers of the mining industry. The amount, which includes a $7.7 billion goodwill impairment charge…
ThinkstockTrina Solar Ltd. (NYSE: TSL) reported second-quarter 2013 results before markets opened on Tuesday. The Chinese solar panel maker reported a diluted earnings per American Depositary Share (ADS) loss of $0.47 on revenue of…
courtesy J.C. Penney Co. Inc.J.C. Penney Co. Inc. (NYSE: JCP) reported second-quarter 2013 results before markets opened this morning. The venerable retailer reported an adjusted diluted earnings per share (EPS) loss of $2.16, as…
courtesy Best Buy Co. Inc.Best Buy Co. Inc. (NYSE: BBY) reported second-quarter fiscal 2014 results before markets opened this morning. The big-box retailer of electronics gear reported adjusted diluted earnings per share (EPS) of…
ThinkstockHome Depot Inc. (NYSE: HD) reported second-quarter 2013 diluted earnings per share (EPS) of $1.24 and $22.5 billion in revenues before markets opened this morning. In the same period a year ago, the home…
August 19, 2013: U.S. equity markets opened mixed this morning as the Nasdaq eked out a positive start. The rocky start to the week is being attributed to rising 10-year Treasury yields which hit…
ThinkstockSo far this earnings season U.S. retailers haven’t put up a very good show. Retailers that have already reported results said that customers had become cautious again during the quarter and same-store sales reports…