thinkstockThe spot price for WTI crude briefly fell to $90.27 this morning and still trades well below yesterday’s closing price of $93.51. The AAA Daily Fuel Gauge reports that the average U.S. pump price…
courtesy J.C. Penney Co. Inc.A New York Supreme Court justice this morning threw out a claim of unfair competition brought by Macy’s Inc. (NYSE: M) against J.C. Penney Co. Inc. (NYSE: JCP) and Martha…
We have two initial public offerings (IPOs) out today. Both Evertec Inc. (NYSE: EVTC) and Rally Software Development Corp. (NYSE: RALY) have begun trading this morning, and so far both stocks have posted significant…
Courtesy Research in Motion Ltd.Shares of BlackBerry (NASDAQ: BBRY) fell nearly 8% yesterday following a report from an investment research firm that U.S. returns for the company’s Z10 touchscreen smartphone were unusually high. The…
ThinkstockWells Fargo & Co. (NYSE: WFC) reported fiscal first-quarter results before markets opened this morning. The bank reported that quarterly diluted earnings per share (EPS) totaled $0.92 on revenue of $21.3 billion. In the…
ThinkstockWith the purchase of its third coffee company in less than a year, German consumer products firm Joh. A. Benckiser (JAB) is spending real money to get its arms around both the coffee shop…
Wikimedia CommonsJ.P. Morgan Chase & Co. (NYSE: JPM) reported fiscal first-quarter results before markets opened this morning. The investment bank and financial services giant reported quarterly diluted earnings per share (EPS) of $1.59 on…
ThinkstockJ.B. Hunt Transport Services Inc. (NASDAQ: JBHT) reported fiscal first quarter 2013 results after markets closed today. For the quarter, the trucking and transport company posted diluted earnings per share (EPS) of $0.61 on…
thinkstockHere are today’s five biggest gaining stocks at closing: ACADIA Pharmaceuticals inc. (NASDAQ: ACAD) is up 64.4% at $13.10. Rite Aid Corp. (NYSE: RAD) is up 18.4% at $2.12. Metalico Inc. (NYSEMKT: MEA) is…
U.S. equity markets opened flat to lower this morning following yesterday’s record-setting session. Economic data was minimal today. In Asia, machinery orders rose more than expected in Japan, but the Shanghai market closed lower…
ThinkstockShareholders of MetroPCS Communications Inc. (NYSE: PCS) received a better offer from T-Mobile USA and its Germany-based parent Deutsche Telekom AG last night, and two of Metro’s largest shareholders have reversed their previous positions…
ThinkstockAfter markets closed last night, Fortinet Inc. (NASDAQ: FTNT) issued a warning on earnings and revenues for the company’s first quarter. The announcement dragged down share prices at several other vendors of Internet security…
ThinkstockWorldwide shipments of PCs fell 13.9% in the first quarter of 2013, compared with the first quarter of 2012, according to the latest data from International Data Corp. (IDC). That is the worst year-over-year…
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks declined by 14 billion cubic feet last week, less than the decline of 21 billion cubic feet anticipated by analysts. Natural…
ThinkstockWeak reports on U.S. employment sent mortgage rates sliding for a second consecutive week, according to a report today from Freddie Mac. The average interest rate on a 30-year fixed-rate mortgage was 3.43% in…
ThinkstockRetailers are announcing March same-store sales figures today. Research firm Retail Metrics projected an overall gain of 1.5% year-over-year, compared with a 2% gain in February and a 3.9% gain in March of 2012.…
Courtesy Research in Motion Ltd.The penalty for being late — really late — to market is almost always more severe than a company wants to admit. Especially a company that had a firm grip…
Courtesy J.C. Penney Co. Inc.; photo by Chris RupertA state court judge in New York ruled yesterday that Martha Stewart Living Omnimedia Inc. (NYSE: MSO) did not violate its contract with Macy’s Inc. (NYSE:…
ThinkstockBed, Bath & Beyond Inc. (NASDAQ: BBBY) reported fiscal fourth quarter and full year 2012 earnings after markets closed today. The home furnishings company reported quarterly diluted earnings per share (EPS) of $1.68 on…
thinkstockHere are today’s five biggest gaining stocks at closing: Royale Energy Inc. (NASDAQ: ROYL) is up 67.1% at $3.34. Westbury Bancorp Inc. (NASDAQ: WBB) is up 35.20% at $13.52. The stock began trading today.…