U.S. equity markets opened lower this morning following news out of China that government is about to tighten restrictions on real estate transactions. The news pushed the Shanghai exchange down nearly 4% and weighed…
courtesy of SamsungIn 2013, for the first time, shipments of smartphones are forecast to top sales of feature phones. With shipments expected at 50.1% of all mobile phones shipped worldwide, smartphones are touted to…
ThinkstockAfter three consecutive years of 4%+ same-store sales growth in the month of February, the outlook for the month in 2013 calls for growth of 2.7%, primarily on a forecast of weaker sales at…
Courtesy Research in Motion Ltd.One sure sign that a new product is not living up to its expected results is a falling price. And that is what’s happening in the United Kingdom to the…
ThinkstockFor the month of February, Delta Air Lines Co. (NYSE: DAL) raised its revenue per mile for each passenger carried by 5%, compared with February a year ago. It is a good thing everyone…
ThinkstockChinese solar maker Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) reported fourth-quarter and full-year 2012 earnings this morning. Revenues were much better than expected, but earnings remained below estimates. Gross margins came in…
ThinkstockSpecialty chemicals firm Ferro Corp. (NYSE: FOE) has received an unsolicited buyout offer from A. Schulman Inc. (NASDAQ: SHLM), another provider of specialty chemicals and plastics. The total value of Schulman’s offer is about…
ThinkstockIntegrated oil company Hess Corp. (NYSE: HES) has announced plans to complete its transformation into a pure-play energy exploration and production (E&P) company by shedding its remaining downstream assets (refining, marketing and trading) and…
ThinkstockThe Brent pipeline system has been shut down for the second time this year, following the discovery of a leak at one of its platforms. The platform, called Cormorant Alpha, was shut down in…
ThinkstockBoyd Gaming Corp. (NYSE: BYD) reported fourth-quarter and full-year 2012 results before markets opened this morning. For the quarter the casino operator reported an adjusted earnings per share (EPS) loss of $0.31 and $625.8…
ThinkstockStratasys Ltd. (NASDAQ: SSYS) reported fourth-quarter and full-year 2012 results before markets opened this morning. For the quarter the 3D printer maker reported adjusted earnings per share (EPS) of $0.40 and $96.4 million in…
U.S. equity markets opened lower this morning following a number of disappointing data releases in Europe and Asia. Eurozone PMI remains on the pessimistic side, with a reading of 47.9, and the unemployment rate…
courtesy of Apple Inc.A brief look at today’s trading chart for Apple Inc. (NASDAQ: AAPL) is a study in misery. The company, which put up an all-time high of more than $705 a share…
ThinkstockGovernor Rick Snyder of Michigan said today that he will in fact appoint an emergency financial manager for the city of Detroit. He said he has a candidate in mind but did not name…
courtesy of General MotorsFollowing the path set out earlier by Ford Motor Co. (NYSE: F) and Chrysler Group LLC, General Motors Co. (NYSE: GM) and Toyota Motor Corp. (NYSE: TM) posted U.S. sales gains…
ThinkstockAlthough same-sex marriage is now legal in nine U.S. states and the District of Columbia, it is still illegal in the United States. And for the purposes of filing a federal tax return, same-sex…
ThinkstockIn its Form 10-K filing today for fiscal year 2012, Chesapeake Energy Corp. (NYSE: CHK) said the U.S. Securities and Exchange Commission (SEC) notified the company on December 21, 2012, that the department’s inquiry…
ThinkstockThe U.S. Census Bureau reported this morning that construction spending in January fell by 2.1% to an estimated seasonally adjusted annual rate of $883.3 billion from a revised estimate of $902.6 billion in December.…
courtesy Ford Motor Co.February U.S. sales numbers are due out from most U.S. and foreign automakers today, and it looks like February was another good month for car sales. Chrysler Group, which is controlled…
courtesy Best Buy Co. Inc.Best Buy Co. Inc. (NYSE: BBY) was supposed to report results last night, but that was also the deadline for the company’s ousted founder to make a firm offer to…