ThinkstockAdobe Systems Inc. (NASDAQ: ADBE) reported fiscal second quarter 2013 results after markets closed today. The software company reported adjusted earnings per share (EPS) of $0.36 on revenue of $1.01 billion. In the same…
U.S. equity markets opened higher this morning following a benign report on U.S. inflation. The rise of just 0.1% in the May CPI very likely means that the FOMC meeting that began this morning…
Courtesy Chrysler Group LLCChrysler Group LLC, which is controlled by Italy’s Fiat SpA, said today that it has resolved its differences with the U.S. National Highway Traffic Safety Administration (NHSTA) and will conduct a…
courtesy of Nokia Corp. In comments just before Chinese telecom firm Huawei introduces its new high-end smartphone, the Ascend P6, the company would consider an acquisition of Nokia Corp. (NYSE: NOK) to help Huawei…
ThinkstockWe’ve often noted that the declining price for solar photovoltaic (PV) modules has continued to drive global growth in solar installations, even as governments reduce or eliminate various subsidies and tariffs to encourage new…
ThinkstockThe current state of the global economy often is referred to now as the New Normal — a period of almost painfully slow if predictable economic progress. How long this will last remains at the…
ThinkstockSaying that coal company management has focused on the right levers — lengthening debt maturities, slashing discretionary capital spending, reducing marginal production, driving productivity and cost performance — Sterne Agee this morning said it…
ThinkstockThe U.S. Census Bureau and the Department of Housing and Urban Development reported this morning that new housing starts in May rose to an annual seasonally adjusted rate of 914,000, an increase of 6.8%…
Courtesy Boeing Co.Early this morning, Airbus, the aircraft-making division of European Aeronautics Defence and Space Co. (EADS), signed a deal to supply European airlines easyJet with 135 of the company’s A320 and A320neo single-aisle…
ThinkstockNearly half of all U.S. smartphone and tablet owners use these mobile devices every day while watching television. Every day. 46% of smartphone owners and 43% of tablet owners. What are these people doing?…
U.S. equity markets opened higher this morning not on any particular news, but likely more influenced by tomorrow’s start of the Fed’s June meeting and Wednesday’s announcement of interest rates. Shares traded higher until…
Courtesy General Motors Co.General Motors Co. (NYSE: GM) has added about 194,000 SUVs to a recall first issued in August 2012 to fix a condition that could lead to an short circuit and an…
thinkstockFollowing the disaster at Japan’s Fukushima Daiichi nuclear power plants in 2011, Germany said it would shut down all its nuclear generation and Japan has already closed down all but two of its reactors.…
ThinkstockSince Lululemon Athletica Inc. (NASDAQ: LULU) posted its first-quarter earnings a week ago, the share price has dropped from $82.28 to $66.15 at last Friday’s close. That is down nearly 20% — and the…
ThinkstockLowe’s Companies Inc. (NYSE: LOW) said this morning that it has concluded an asset purchase agreement to acquire the majority of the assets of Orchard Supply Hardware Stores Corp. (NASDAQ: OSH) for $205 million…
ThinkstockThe National Association of Home Builders (NAHB)/Wells Fargo housing market index rose by eight points from 42 in May to 50 in June. A January reading of 47 had been the highest for the…
ThinkstockAK Steel Holding Corp. (NYSE: AKS) announced this morning that it expects to post a second-quarter loss in the range of $0.33 to $0.38 a share. The consensus estimate from Thomson Reuters called for…
Courtesy Boeing Co.Today marks the official start to the biannual Paris Air Show, and already The Boeing Co. (NYSE: BA) and competitor Airbus, a division of the European Aeronautic Defence and Space Co. (EADS)…
ThinkstockYesterday was a busy day for the board of directors at Weyerhaeuser Co. (NYSE: WY). The REIT named a new chief executive officer, announced a deal to spend $2.65 billion to acquire another 645,000…
courtesy of NetflixIn what the company calls a “groundbreaking deal,” Netflix Inc. (NASDAQ: NFLX) announced this morning that it has signed a multiyear deal with DreamWorks Animation SKG Inc. (NASDAQ: DWA) to offer TV…