Another Production Cut at BlackBerry
Courtesy Research in Motion Ltd.Just last month, BlackBerry Ltd. (NASDAQ: BBRY) reportedly cut production of its Z10 and Q10 smartphones from a monthly total of 2 million to 1 million after sales in the…
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Paul Ausick
Groupon Rolls Out Expanded Affiliate Program
courtesy of Groupon Inc.One of the knocks against Groupon Inc. (NASDAQ: GRPN) is that there are few barriers to entry for competing firms to offer a virtually identical product. All it takes are a…
Barnes & Noble Releases App for Nook Tablet It No Longer Plans to Build
courtesy Barnes & Noble Inc.In what has to be one of the stranger product announcements of recent times, Barnes & Noble Inc. (NYSE: BKS) said on Monday morning that it is releasing a suite…
Re/Max IPO Rests on Improving U.S. Housing Market
ThinkstockRe/Max Holdings Inc. has filed a Form S-1 with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO) to raise up to $100 million. The operator of franchised real estate…
Boeing on Inside Track for Korean Fighter Contract
Courtesy Boeing Co.The defense division of Boeing Co. (NYSE: BA) is reportedly in position to win a $7.4 billion contract to supply the government of South Korea with 60 of the company’s F-15 fighter…
Zillow to Offer 2.5 Million Shares in Secondary Offering
ThinkstockReal estate website Zillow Inc. (NASDAQ: Z) announced Monday morning that the company will sell 2.5 million shares in an underwritten offering and existing shareholders will sell an additional 2.5 million shares at the…
J.P. Morgan, Chinese Princelings and TBTM
Wikimedia CommonsJ.P. Morgan Chase & Co. (NYSE: JPM), which already faces a handful of federal investigations for a variety of alleged bad behavior, now faces a U.S. Securities and Exchange Commission (SEC) probe of…
Closing Bell for Friday on Wall Street: Markets Open Lower, Wobble to Weak Close
August 16, 2013: U.S. equity markets opened lower this morning following big down day on Thursday. In the U.S., the Census Bureau’s report on July housing starts put up a positive number, while labor…
GM Recall on 300,000 Chevy Cruze Models for Brake Problem
courtesy of General MotorsGeneral Motors Co. (NYSE: GM) told the National Highway Traffic Safety Administration (NHTSA) that it will recall nearly 300,000 Chevrolet Cruze models from model years 2011 and 2012 to replace a…
Former Chesapeake Energy CEO’s New Company on the Prowl
ThinkstockYou can’t keep a good landman down — and there probably never has been a more successful landman than Aubrey McClendon, founder and former CEO of Chesapeake Energy Corp. (NYSE: CHK). Since being fired…
Fracking Stirs Protests in the U.K.
ThinkstockRecent geological studies have indicated that trillions of cubic feet of natural gas may lie in tight shale formations in the U.K. The government has issued some exploration permits to drillers that are trying…
Rail Traffic Increase Builds Hopes for Holiday Season
ThinkstockU.S. railroads moved nearly 260,000 intermodal units (containers) in the week ended August 10. That is a 6.1% increase over the same week a year ago, and it is a hopeful sign for a…
New Housing Starts Climb Again
ThinkstockThe U.S. Census Bureau and the Department of Housing and Urban Development reported this morning that new housing starts in July rose to an annual seasonally adjusted rate of 896,000, an increase of 5.9%…
Boeing Wants Airlines to Inspect Dreamliner’s Fire-Suppression System
courtesy Boeing Co.Japan’s All Nippon Airways Co. (ANA) has found another problem on the 787 Dreamliner from Boeing Co. (NYSE: BA). On Wednesday, a flight from Tokyo to Frankfurt was delayed due to faulty…
Nordstrom Follows Other Retailers to Weaker Results
ThinkstockNordstrom Inc. (NYSE: JWN) reported second-quarter 2013 results after markets closed on Thursday. The department store chain posted quarterly diluted earnings per share (EPS) of $0.93 on revenues of $3.1 billion. In the same…
Closing Bell for Thursday on Wall Street: Markets Start Low, Drift Lower All Day
August 15, 2013: U.S. equity markets opened lower this morning as yields on 10-year Treasuries rose to a 2-year high. In the U.S., lower than expected new claims for unemployment benefits and a consumer…
Reports: Sony, Viacom Near Deal on Internet TV
courtesy of Sony Corp.Sony Corp. (NYSE: SNE) and Viacom Inc. (NASDAQ: VIAB) have reached a preliminary agreement that would allow Sony to carry Viacom’s cable channels on Sony’s planned Internet TV service. The report…
Ford to Cut C-Max Mileage Rating by 10%
courtesy Ford Motor Co.On Thursday afternoon, Ford Motor Co. (NYSE: F) is expected to announce that its C-Max hybrid’s mileage rating will be cut from a combined 47 miles per gallon (mpg) to 43…
Riots Could Cripple Egypt’s $260 Billion Economy
ThinkstockEditor’s note: According to a number of news sources, nearly 200 more people died in rioting in Egypt on Friday and more protests are expected today The Egyptian economy grew by 7% annually in…
Natural Gas Inventory Rises, So Does Price
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks increased by 65 billion cubic feet last week, compared with an expected build of 69 billion cubic feet anticipated by analysts.…