ThinkstockThe S&P/Case-Shiller home price index for January was higher for the 10th consecutive month. The 20-city composite rose 8.1% year-over-year, slightly below the consensus estimate for a gain of 8.2%, but above the December…
ThinkstockIn January of this year, the shadow inventory of U.S. homes declined by 18% to 2.2 million units, from 2.6 million units in January 2012. Shadow inventory refers to the number of properties that…
ThinkstockThe official newspaper of the Chinese Communist Party fired a shot over the bow of Apple Inc. (NASDAQ: AAPL) yesterday, claiming that the company refuses interview requests and that Apple’s response to a critical…
thinkstockHere are today’s five biggest gaining stocks at closing: Stereotaxis Inc. (NASDAQ: STXS) is up 30.2% at $2.33. Novogen Ltd. (NASDAQ: NVGN) is up 18.8% at $5.24. SemiLEDS Corp. (NASDAQ: LEDS) is up 15.17%…
U.S. equity markets opened higher this morning following an agreement between the government of Cyprus and the “troika” of the IMF, the EU, and the ECB (more coverage here). There was no economic data…
ThinkstockIn an announcement today in Beijing, China’s National Development and Reform Commission, the country’s top planning agency, said that steel production in the country has reached a point where only modest growth can be…
ThinkstockWhen New York Federal Reserve President William Dudley spoke in New York today he didn’t really say anything new, but he did underscore a point that he and several other Fed officials have been…
Courtesy Research in Motion Ltd.Last week’s launch of the new Z10 smartphone and operating system from BlackBerry (NASDAQ: BBRY) fizzled and the company is paying the price today. In a note to clients, Goldman…
ThinkstockThe apparent resolution of the banking crisis in Cyprus has sent the price of WTI crude oil up more than 1.5% today, now above $95 a barrel. Brent crude is also up about 0.7%,…
courtesy Best Buy Co. Inc.Consumer electronics retailer Best Buy Co. Inc. (NYSE: BBY) this morning announced that founder and former chairman Richard Schulze will return to the company as Chairman Emeritus. Schulze also has…
ThinkstockThe U.S. Securities and Exchange Commission (SEC) has approved a plan submitted by The Nasdaq OMX Group Inc. (NASDAQ: NDAQ) that provides up to $62 million in compensation for investors who lost money during…
ThinkstockDollar General Corp. (NYSE: DG) reported fourth-quarter and fiscal 2012 results before markets opened this morning. The discount retailer reported diluted earnings per share (EPS) of $0.97 on revenues of $4.21 billion for the…
Flickr, James SarmientoApollo Group Inc. (NASDAQ: APOL) reported fiscal second quarter 2013 adjusted diluted earnings per share (EPS) of $0.34 on revenue of $834.4 million. In the same period a year ago, the for-profit…
ThinkstockJA Solar Holdings Co. Ltd. (NASDAQ: JASO) reported fourth-quarter and full year 2012 results before markets opened this morning. The China-based solar panel maker reported a net loss per American Depositary Share (ADS) of…
thinkstockHere are today’s five biggest gaining stocks at closing: Top Ships Inc. (NASDAQ: TOPS) is up 39% at $1.39. Halozyme Therapeutics Inc. (NASDAQ: HALO) is up 31% at $6.90. Anacor Pharmaceuticals Inc. (NASDAQ: ANAC)…
U.S. equity markets opened higher this morning and trading stayed positive territory all day. No solution has yet been agreed to the Cyprus banking crisis (more coverage here), but the delay has had little…
courtesy Dell Inc.The board of Dell Inc. (NASDAQ: DELL) set a “go-shop” deadline for one minute after midnight tonight to see if the company could entice a bidder to compete with Dell founder Michael…
ThinkstockApparently the U.K.’s Chancellor of the Exchequer failed to impress the analysts at Fitch Ratings. The ratings firm said this afternoon that it is putting the country’s ‘AAA’ rating on watch with an eye…
Courtesy Research in Motion Ltd.Today marks the U.S. launch of the new BlackBerry Z10 touchscreen phone from the eponymous BlackBerry (NASDAQ: BBRY). The new phone goes on sale at AT&T Inc. (NYSE: T) stores…
ThinkstockA new study presented at a meeting of the American Heart Association analyzed seven earlier studies of the effects of energy drinks and found evidence that the beverages appear to affect a consumer’s natural…