ThinkstockEarlier this month, wireless network provider LightSquared Inc. received permission from the Federal Communications Commission (FCC) to use a band of wireless spectrum for a period of three months to test whether or not…
U.S. equity markets opened lower this morning but soon rose above the break-even line where it stayed until noon when share prices began to dip. That was quite a shift from Asian markets, where…
ThinkstockThe country’s two largest home improvement chains, The Home Depot Inc. (NYSE: HD) and Lowe’s Companies Inc. (NYSE: LOW) report earnings tomorrow and Wednesday, respectively. The late season wintry weather is likely to weigh…
ThinkstockLast Friday shares of Real Goods Solar Inc. (NASDAQ: RSOL) virtually doubled. Shares are up another 50% so far today and have been trading around $6 a share after posting a new 52-week high…
ThinkstockTeam Inc. (NYSE: TISI), a services firm that provides maintenance and construction services for a variety of high-pressure and high-temperature piping systems has cut estimates for its fourth-quarter revenue and profit. The company’s quarter…
ThinkstockPrivate equity firm Vista Equity Partners has agreed to acquire Websense Inc. (NASDAQ: WBSN) for $24.75 a share in cash, or a total of about $907 million. The Internet security firm will become a…
ThinkstockJA Solar Holdings Co. Ltd. (NASDAQ: JASO) reported first-quarter 2013 results before markets opened this morning. The China-based solar panel maker reported a net loss per American depositary share (ADS) of $0.85 on revenues…
courtesy Chesapeake Energy Corp.Barely six weeks after founder and former chairman and CEO Aubrey McClendon was shown the door, Chesapeake Energy Corp. (NYSE: CHK) has named his successor. Robert Douglas Lawler, currently senior vice…
courtesy of DellThe board of directors at Dell Inc. (NASDAQ: DELL) is either satisfied with the $13.65 per share offer that it already has accepted from founder and CEO Michael Dell and Silver Lake…
U.S. equity markets opened higher this morning, taking advantage of buying opportunities after yesterday’s slide in equities’ prices. In the U.S., the Thomson Reuters/University of Michigan consumer sentiment index and the Conference Board leading…
ThinkstockActivist investor Carl Icahn had proposed that the world’s largest offshore drilling firm, Transocean Ltd. (NYSE: RIG), pay shareholders a one-time dividend of $4 a share and to replace 3 board members with a…
ThinkstockThe US Bureau of Labor Statistics (BLS) today released its data on state and regional unemployment for April. Compared with March data, unemployment rates fell in 40 states and the District of Columbia, while…
ThinkstockIn its weekly report issued yesterday, the Association of American Railroads (AAR) noted that rail carloads of petroleum rose 50.8% in the week, compared to the same week a year ago. For the year…
Seattle-based software maker Tableau Software Inc. (NYSE: DATA) begins trading today following an initial public offering (IPO) of 8.2 million shares at a price of $31 a share. The offering is valued at around…
ThinkstockConsumer sentiment as measured by the University of Michigan/Thomson Reuters index jumped from a weak 76.4 reading in April to a more robust 83.7 in May. Economists had expected a reading of 78 following…
ThinkstockTwo days ago, officials of the European Commission (EC), the executive arm of the European Union, raided the offices of Royal Dutch Shell PLC (NYSE: RDS-A), BP PLC (NYSE: BP), Statoil ASA (NYSE: STO),and…
Courtesy of Tesla MotorsElectric carmaker Tesla Motors Inc. (NASDAQ: TSLA) is issuing up to 3.9 million new shares at a non-discounted share price of $92.24, striking while the iron is hot and investors are…
ThinkstockAfter markets closed last night, J.C. Penney Co. Inc. (NYSE: JCP) and Nordstrom Inc. (NYSE: JWN) reported quarterly results that did not meet expectations. This morning, before markets opened, Stage Stores Inc. (NYSE: SSI)…
courtesy of DellDell Inc. (NASDAQ: DELL) reported first-quarter fiscal 2014 results after markets closed today. The personal computer maker posted adjusted diluted earnings per share (EPS) of $0.21 on revenues of $14.1 billion. In…
U.S. equity markets opened mixed this morning following a blizzard of data releases on the U.S. economy. Before that data came out, however, there was some positive data out of both Europe and Asia.…