ThinkstockThe National Association of Home Builders (NAHB)/Wells Fargo housing market index rose by three points from a downwardly revised 56 in July to 59 in August. Last month’s reading had been the highest for…
ThinkstockWe have had earnings results from a handful of silver miners in the past few days, and the news has not been very good. After markets closed on Wednesday, Silver Wheaton Corp. (NYSE: SLW)…
courtesy Wal-Mart Stores Inc.Wal-Mart Stores Inc. (NYSE: WMT) reported second-quarter fiscal 2014 results before markets opened this morning. The retailing giant posted diluted earnings per share (EPS) of $1.24 on revenues of $116.2 billion.…
courtesy of Cisco SystemsCisco Systems Inc. (NASDAQ: CSCO) reported fourth-quarter and fiscal-year 2013 results after markets closed on Wednesday. For the quarter the networking giant reported adjusted diluted earnings per share (EPS) of $0.52…
August 14, 2013: U.S. equity markets opened lower this morning even after the eurozone reported positive GDP growth in the second quarter, bringing an official end to the continent’s recession. Germany’s GDP rose 0.7%…
ThinkstockAfter markets closed Tuesday night, solar installer Real Goods Solar Inc. (NASDAQ: RSOL) reported that revenues fell 3% and that it took an earnings per share loss of $0.11. Just a week ago SolarCity…
ThinkstockFollowing a disappointing outlook offered on Tuesday night following a near-miss earnings report, Cree Inc. (NASDAQ: CREE) took several ratings hits today, but one firm kept the stock as a ‘buy,’ only cutting the…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories decreased by 2.8 million barrels last week, maintaining a total U.S. commercial crude inventory to 360.5…
courtesy of SamsungGlobal mobile phone sales totaled 435 million units in the second quarter of 2013, and of that total, some 225 million units, or 51.8%, were smartphones. That is the first time that…
High-end musical instruments maker Steinway Musical Instruments Inc. (NYSE: LVB) has agreed to be acquired by affiliates of private equity firm Paulson & Co. for a purchase price of $40 a share, or about…
ThinkstockJinkoSolar Holding Co. Ltd. (NYSE: JKS) reported second-quarter 2013 results before markets opened this morning. The Chinese solar panel maker reported adjusted diluted earnings per American Depositary Share (ADS) of $0.56 on revenue of…
thinkstockMacy’s Inc. (NYSE: M) reported second-quarter 2013 results before markets opened this morning. The department store giant posted quarterly diluted earnings per share (EPS) of $0.72 on revenues of $6.07 billion. In the same…
courtesy Deere & Co.Deere & Co. (NYSE: DE) reported third-quarter fiscal 2013 results before markets opened this morning. The farm and heavy equipment maker posted adjusted diluted earnings per share (EPS) of $2.56 on revenues…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a drop of 4.7% in the group’s seasonally adjusted composite index, following a rise of 0.2% for the previous…
ThinkstockThe ExOne Co. (NASDAQ: XONE) reported second-quarter 2013 results before markets opened this morning. For the quarter, the 3D printer maker reported a diluted earnings per share (EPS) loss of $0.08 and $9.2 million…
August 13, 2013: U.S. equity markets opened slightly higher this morning following a report on retail sales from the Census Bureau that was stronger than expected. Stocks turned south quickly though, as Treasury yields…
ThinkstockWhen a major shareholder sells a third of its holdings, everyone notices. That’s why Tuesday’s sale by PAR Capital Management Inc. of 8.1 million shares of the 24.6 million shares it held in Orbitz…
ThinkstockThe National Federation of Independent Business (NFIB) this morning reported a rise of 0.6 points in its small business optimism index, from 93.5 in June to 94.1 in July. In May the index reached…
In what is a relatively rare move for private equity firm Paulson & Co., the firm is competing with Kohlberg & Co. to acquire Steinway Musical Instruments Inc. (NYSE: LVB). Steinway announced yesterday that…
ThinkstockFirst Majestic Silver Corp. (NYSE: AG) reported second-quarter 2013 earnings before markets opened this morning. The Canada-based silver miner posted adjusted earnings per share (EPS) of $0.07 on revenues of $48.4 million. In the…