New York State manufacturers have faced deteriorating business and have scaled back expectations for the second half of 2012, according to August’s Empire State Manufacturing Survey. About 22% of manufacturers said business improved during the month,…
Hewlett-Packard Company (NYSE: HPQ) thinks it can dethrone Apple Inc. (NASDAQ: AAPL) in the enterprise tablet market. Seriously. HP, which sold the failing TouchPad in 2011, will be releasing more information on the tablet soon, said John Solomon, senior…
The end of the Facebook Inc. (NASDAQ: FB) lockup is quickly approaching. More than 270 million shares of the social network will become free to trade on Thursday. Following the initial public offering in May,…
Asset management firm The Carlyle Group (NASDAQ: CG) is purchasing Seattle-based Getty Images, Inc. for $3.3 billion, management for both groups announced Wednesday. Carlyle is buying Getty from Hellman & Friedman, a private equity firm focused on industries…
The stock market is up Tuesday, with the Dow Jones Industrial Average up 0.25%, the Nasdaq up 0.28% and the S&P 500 up 0.26%. Today’s market winners both reported strong quarterly results, sending shares up.…
Wikimedia CommonsOn Friday, J.C. Penney Company, Inc. (NYSE: JCP) reported very disappointing second-quarter results, reporting a loss of 37 cents a share after the company sales dropped 22.6% from the year earlier period. However, shares of…
Photo by Spencer Platt/Getty ImagesStocks are down Monday, with the Dow Jones Industrial Average down 0.50%, the Nasdaq down 0.46% and the S&P 500 down 0.44%. Today’s big winners both shot up after announcing…
Wikimedia CommonsStocks opened slightly lower Friday after Chinese trade data yielded disappointing results. The Dow Jones Industrial Average is down 0.12%, the Nasdaq is down 0.21% and the S&P 500 is down 0.14%. Today’s…
Photo by Spencer Platt/Getty ImagesThe stock market is up slightly Thursday, with the Dow Jones Industrial Average up 0.08%, the Nasdaq up 0.30% and the S&P 500 up 0.30%. Thursday’s winner includes an energy company…
Photo by Spencer Platt/Getty ImagesStocks are down slightly Wednesday, with the Dow Jones Industrial Average down 0.08%, the Nasdaq down 0.26% and the S&P 500 down 0.15%. Today’s biggest winners include a food company…
Photo by Spencer Platt/Getty ImagesThe stock market is up Tuesday, with the Dow Jones Industrial Average up 0.57%, the Nasdaq up 0.80% and the S&P 500 up 0.65%. 24/7 Wall St.’s biggest winners include a manufacturer…
Johnson & Johnson Inc. (NYSE: JNJ) and Pfizer Inc. (NYSE: PFE) both announced they are stopping development of a drug to treat patients with mild to moderate Alzheimer’s after the drug failed a second clinical…
Stocks are up Monday over earnings beating estimates and easing concern in Europe. The Dow Jones Industrial Average is up 0.58%, the Nasdaq is up 0.76% and the S&P 500 is up 0.52%. Today’s…
Photo by Spencer Platt/Getty ImagesThe stock market rose Friday on Friday as the labor department reported that nonfarm payrolls rose by 163,000 in the month of July. The Dow Jones Industrial Average is up…
American International Group, Inc. (NYSE: AIG) beat Wall Street estimates Thursday, posting a 27% profit increase in the second quarter from the year-earlier period. The insurance company reported net income of $2.34 billion, while operating profit was…
Stocks generally declined Thursday after the European Central Bank did not announce it was taking any concrete action to solve Europe’s debt crisis, despite hopes to the contrary. The Dow Jones Industrial Average is…
Photo by Spencer Platt/Getty ImagesThe broader stock market is mixed Tuesday, with the Dow Jones Industrial Average down 0.07%, the Nasdaq up 0.28% and the S&P 500 up 0.01%. Today’s big winners include a…
U.S. Steel (NYSE: X) announced second-quarter earnings that beat Wall St. expectations after demand rose for its Flat-Rolled and Tubular segments. The firm earned $101 million, or $0.62 a share, in the second quarter, down from $222…
Chrysler’s second-quarter financials are back in the black. Chrysler reported net income of $436 million for the second quarter, significantly better than the $370 million loss the company reported in the year-earlier period. While the…
Photo by Spencer Platt/Getty ImagesStocks are up slightly Monday ahead of a week of economic data, central bank talk and more earnings. The Dow Jones Industrial Average is up 0.34%, the Nasdaq is up…