courtesy of Netflix Inc.Netflix Inc. (NASDAQ: NFLX) reported second-quarter 2013 results after markets closed today. For the quarter, the video distribution company posted adjusted diluted earnings per share (EPS) of $0.49 on revenues of…
July 22, 2013: U.S. equity markets opened mixed this morning with the DJIA dipping on a poor earnings report from McDonald’s Corp. (NYSE: MCD). There was no economic data release of note in Europe today.…
ThinkstockThe dispute over the fees that CBS Corp. (NYSE: CBS) charges Time Warner Cable Inc. (NYSE: TWC) will come to a conclusion of some sort this Wednesday. One outcome floated by the cable operator…
ThinkstockToday’s report from the National Association of Realtors (NAR) on existing home sales in June may mean that there is trouble brewing for home improvement centers like The Home Depot Inc. (NYSE: HD) and…
ThinkstockSunday’s New York Times story on the shenanigans played by Goldman Sachs Group Inc. (NYSE: GS) at its aluminum warehouse in Detroit is nothing especially new. What is new is that the Times has…
ThinkstockThe National Association of Realtors (NAR) reports that the seasonally adjusted annual rate of existing home sales in June fell 1.2% to 5.08 million from a downwardly revised total of 5.14 million in May.…
ThinkstockGannett Co. Inc. (NYSE: GCI) reported second-quarter 2013 results before markets opened this morning. The media company posted adjusted diluted earnings per share (EPS) of $0.58 on revenues of $1.3 billion. In the same…
courtesy of McDonald'sMcDonald’s Corp. (NYSE: MCD) reported second-quarter 2013 results before markets opened this morning. The fast-food restaurant chain posted diluted earnings per share (EPS) of $1.38 on revenues of $7.08 billion. In the…
ThinkstockHalliburton Co. (NYSE: HAL) reported second-quarter 2013 results before markets opened this morning. The oil and gas services company posted adjusted diluted earnings per share (EPS) of $0.73 on revenues of $7.32 billion. In…
July 19, 2013: U.S. equity markets opened lower this morning following earnings reports from some major tech companies after markets closed last night. The Detroit municipal bankruptcy, though expected, weighed on sentiment today. The…
ThinkstockStephen A. Cohen, the founder and owner of SAC Capital Advisors LLC, has been charged by the U.S. Securities and Exchange Commission (SEC) with “failing reasonably to supervise two of his senior employees, who…
ThinkstockIn the first jury trial to be held in Oregon in a case of wrongful foreclosure, J.P. Morgan Chase & Co. (NYSE: JPM) did not fare well. The bank was scolded by the judge…
ThinkstockThe U.S. Securities and Exchange Commission (SEC) today rejected a settlement with Philip Falcone and his hedge fund firm Harbinger Capital Partners LLC that had been proposed by the Commission’s own enforcement division. Under…
ThinkstockA federal judge in New Orleans has denied a motion by BP plc (NYSE: BP) to suspend payments to some claimants for damages suffered as a result of the 2010 disaster in the Gulf…
ThinkstockThe continuing U.S. drought over much of the western half of the country spread modestly in the past week, now covering about 46% of lower 48 states, up slightly from last week’s reading of…
ThinkstockRetailMeNot Inc. (NASDAQ: SALE) launched its initial public offering (IPO) this morning at a price of $21 a share, the mid-point of its expected range of $20 to $22. A total of more than…
ThinkstockThe Organization for Economic Cooperation and Development (OECD) has crafted a proposal to develop new rules over the next two years that would put an end to many of the tax avoidance gambits used…
courtesy of KFCThe fastest growing piece of the U.S. restaurant business is the fast-casual dining sector, perhaps best exemplified by Chipotle Mexican Grill Inc. (NYSE: CMG), Panera Bread Co. (NASDAQ: PNRA), and recently public Noodles…
ThinkstockPhysicians Realty Trust (NYSE: DOC) priced its initial public offering (IPO) at $11.50 a share, the low end of the expected range of $11.50 to $13.50, but the firm offered 10.4 million shares instead…
courtesy Boeing Co.Another 787 Dreamliner from Boeing Co. (NYSE: BA) was forced to return to its point of origin last night after an mechanical indicator warning light came on. The Japan Airlines flight returned…