Courtesy ZTE Corp.Chinese mobile device maker ZTE Corp. is about to launch its ZTE One smartphone in the United States and the United Kingdom. The device will sell for $80 in the U.S. and…
Courtesy BlackBerry To call the reaction to BlackBerry Ltd.’s (NASDAQ: BBRY) admission that it exploring strategic alternatives “muted” is probably to understate the case. Investors can’t bring themselves to believe that anyone really thinks…
Steinway Musical Instruments Co. (NYSE: LVB) announced this morning that it has received an offer to acquire the company for $38 per share in cash from an unnamed investment firm. The offer trumps a…
The chairman and CEO of Dole Food Co. (NYSE: DOLE), David H. Murdock, made a $12 a share offer to acquire the 60% of the company’s stock he did not already own back in…
ThinkstockWe have tracked the key short interest changes as of July 31 in the following 3D printer and services companies: 3D Systems Inc. (NYSE: DDD), Stratasys Ltd. (NASDAQ: SSYS), ExOne Co. (NASDAQ: XONE) and…
ThinkstockWe have tracked the short interest in the following North American Solar companies as of July 31: Canadian Solar Inc. (NASDAQ: CSIQ) First Solar Inc. (NASDAQ: FSLR), GT Advanced Technologies Inc. (NASDAQ: GTAT), SunEdison…
ThinkstockLowe’s Companies (NYSE: LOW) announced this morning that Orchard Supply Hardware Stores (OSHWQ) did not receive a higher bid than the $205 million Lowe’s offered in June and that the company will now seek…
ThinkstockA year ago, corn sold for around $8.30 a bushel. Last Friday it closed at $4.65 a bushel and is trading down about 5% this morning at around $4.63 a bushel. And the trouble…
ThinkstockThe U.S. Commodities Futures Trading Commission (CFTC) has subpoenaed documents and other communications and records going back to 2010 from a metals warehousing firm. Reuters reports exclusively that “a source with direct knowledge of…
August 9, 2013: U.S. equity markets opened lower this morning and bounced around below the break-even line most of the day. The day’s biggest economic news came from China, where the CPI rose 2.7%…
ThinkstockCaesars Entertainment Corp. (NASDAQ: CZR) will sell its golf course property in Macau to developer Pearl Dynasty Investments Ltd. for $438 million, well shy of the $578 million Caesars paid for the property in…
ThinkstockHedge fund Harbinger Capital, has filed suit in federal court against Deere & Co. (NYSE: DE), Garmin Ltd. (NASDAQ: GRMN), and Trimble Navigation Ltd. (NASDAQ: TRMB) for failing to disclose problems with the companies’…
ThinkstockCloud-based enterprise event management software provider Cvent Inc. (NYSE: CVT) sold 5.6 million shares of stock today at $21 a share in its initial public offering. The stock priced above its expected range of…
Courtesy BlackBerryIn an exclusive report this morning from Reuters, “several sources familiar with the situation” have said that BlackBerry Ltd. (NASDAQ: BBRY) may be considering the option of taking the company private as it…
ThinkstockJames River Coal Co. (NASDAQ: JRCC) reported second-quarter 2013 results before markets opened this morning. The coal miner’s diluted earnings per share (EPS) of $1.16 on revenues of $160.15 million. In the same period…
ThinkstockThe International Energy Agency (IEA) today lowered its oil demand growth forecast from 930,000 barrels a day in 2013 to 900,000 barrels a day and cut demand growth for 2014 from its previous estimate…
ThinkstockMolycorp Inc. (NYSE: MCP) reported second-quarter 2013 results after markets closed today. The rare earths miner posted an adjusted diluted loss of $0.36 per share on revenues of $136.9 million. For the second quarter…
August 8, 2013: U.S. equity markets opened higher this morning after China reported that its trade surplus narrowed to $17.1 billion in July, well below an expected surplus of $27.2 billion. Elsewhere in Asia,…
Courtesy The Goodyear Tire & Rubber CompanyWho doesn’t like a blimp? The soft, pillowy things just look friendly, whether looking down on a sporting event or just slowly flying around with an advertising message…
courtesy J.C. Penney Co. Inc.Shares of J.C. Penney Co. Inc. (NYSE: JCP) popped 10% on a report from CNBC that the company is looking for a permanent CEO to replace Mike Ullman, who was…