ThinkstockThe price of Brent crude has dropped this morning on news that the leaky Brent pipeline system has been repaired and is flowing again. The Abu Dhabi-based company that owns the system is targeting…
courtesy of McDonald'sMcDonald’s Corp. (NYSE: MCD) probably wishes every year was a leap year. The company reported that global same-store sales fell 1.5% year-over-year in February, all because 2012 was a leap year and…
Dwight Burdette, via Wikimedia CommonsFoot Locker Inc. (NYSE: FL) reported fourth-quarter adjusted diluted earnings per share (EPS) of $0.73 ($0.64 excluding the extra week this year) and $1.71 billion in revenues before markets opened…
ThinkstockPandora Media Inc. (NYSE: P) reported fourth quarter and full year 2013 results after markets closed today. For the quarter, the Internet radio company posted an adjusted diluted earnings per share (EPS) loss of…
thinkstockHere are today’s five biggest gaining stocks at closing: Affymax Inc. (NASDAQ: AFFY) is up 53.7% at $3.52. China Information Technology Inc. (NASDAQ: CNIT) is up 36.6% at $1.38. Immersion Corp. (NASDAQ: IMMR) is…
U.S. equity markets opened higher this morning and trickled lower most of the day as there was little news to follow generally good data from around the globe. In Japan, the central bank held…
ThinkstockApple Inc. (NASDAQ: AAPL) first tried to license music for a new streaming service in time for the iPhone 5 launch, but pushback from the industry’s largest music publisher, Sony/ATV, a division of Sony…
thinkstockPrivate equity firm Sycamore Partners has reached an agreement to take teen apparel retailer Hot Top Inc. (NASDAQ: HOTT) private for $14 a share in cash, or a total of about $600 million. The…
courtesy of Apple Inc.By one analyst’s count, the Chinese will buy about 30% of all mobile phones shipped in 2013, or 240 million units of a total approaching 840 million worldwide shipments. While that…
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks declined by 146 billion cubic feet last week, slightly more than the decline of 134 billion cubic feet anticipated by analysts.…
ThinkstockRetailers are announcing February same-store sales figures today. Research firm Retail Metrics projected an overall gain of 2.5% year-over-year, compared with a 5.1% gain in January and a 4.2% gain in February of 2012.…
ThinkstockThe Kroger Co. (NYSE: KR) reported fourth-quarter and full-year 2012 results before markets opened this morning. The grocery chain reported quarterly adjusted diluted earnings per share (EPS) of $0.88 on revenues of $24.15 billion.…
ThinkstockConsumer products giant Colgate-Palmolive Co. (NYSE: CL) announced a two-for-one stock split and a 10% dividend hike before markets opened this morning. Both the stock split and the higher dividend become effective in the…
courtesy of Apple Inc.Original 2013 production levels for the iPad and iPad mini from Apple Inc. (NASDAQ: AAPL) totaled about 60 million iPads and 40 million iPad minis. The company is now altering its…
ThinkstockNow that Carl Icahn has a toehold at Dell Inc. (NASDAQ: DELL) and fired off a letter to that company’s board on how shareholders should be treated, he’s getting down to business with Transocean…
ThinkstockOil field services company Baker Hughes Inc. (NYSE: BHI) today reported that its count of foreign oil and gas drilling rigs fell slightly from 1,279 in January to 1,275 in February. Adding in Canadian…
ThinkstockSmithfield Foods Inc. (NYSE: SFD) reported third-quarter fiscal 2013 results before markets opened this morning. The food processing firm reported adjusted diluted earnings per share (EPS) of $0.58 on revenues of $3.58 billion. In…
thinkstockHere are today’s five biggest gaining stocks at closing: Osiris Therapeutics Inc. (NASDAQ: OSIR) is up 35.2% at $9.34. Endeavor International Corp. (NYSE: END) is up 28.8% at $3.53. American Apparel Inc. (NYSEMKT: APP)…
U.S. equity markets opened higher this morning but struggled to maintain even a flat performance compared to yesterday’s close. Before the markets opened this morning, the Mortgage Bankers Association noted a 14.8% rise in…
courtesy of Apple Inc.In a refrain we’ve all heard more than once already, research firm comScore Inc. (NASDAQ: SCOR) reported today that the U.S. market share leader among smartphone manufacturers is Apple Inc. (NASDAQ:…