Lenovo to Buy IBM Low-End Server Business
Although recent speculation had Dell interested in acquiring IBM's low-end server business, it was Lenovo that won the prize. The Chinese personal-computer maker has agreed to pay $2.3 billion.
All Work
Trey Thoelcke
Mortgage Applications Continue Rise as Rates Fall
The Mortgage Bankers Association noted a 4.7% increase in mortgage applications, relative to a week ago. Refinancing also increased, and mortgage loan rates declined to their lowest level since November.
United Technologies Opens High After Earnings Beat
Shares of United Technologies hit a new 52-week high after the company reported second-quarter fiscal 2014 results before markets opened Wednesday.
Cowen Top Biotech Stocks to Buy for 2014 With Huge Upside
Here are some of the top biotech names to buy at Cowen. They presented such an extensive list that we focused on the quality large cap names and the stocks with the highest upside…
Oppenheimer Says Betting on Higher Oil Prices May Be Catastrophic
With production increasing in the United States at a record pace, the energy analysts at Oppenheimer are convinced that the days of tremendous rising revenues and profits at the major integrateds, as well as…
Coach Battered After Big Earnings, Revenue Miss
Coach shares were down more than 7% in premarket trading this morning after luxury goods firm reported disappointng second-quarter fiscal 2014 results.
Teva Acquisition Machine Gears Up: Who Is the Next Target?
Teva Pharmaceutical resume a deal-making strategy that made it one of the most acquisitive drug companies of the past decade. Could one of these biotech takeover candidates be the next target?
IMF Boosts U.S. and Global Growth Forecasts, Warns of Inflation Risk
ThinkstockThe global economy will expand at 3.7% this year, the International Monetary Fund (IMF) forecast in its latest World Economic Outlook, released Tuesday. That is up from a 3.6% forecast back in October. The…
Nelson Peltz Gets Seat on Mondelez Board, Backs Off Push for Pepsi Merger
Activist investor Nelson Peltz was named to the board of snack food company Mondelez Tuesday, likely to avoid a proxy fight, and he says that he is no longer pushing for a merger deal…
Verizon Earnings Beat Estimates on Strong Mobile Growth
Verizon Communications reported better-than-expected fourth-quarter and full-year 2013 results before markets opened Tuesday morning.
Are High-Flying Retailers at the Same Risk as Best Buy?
ThinkstockThe magnitude of the debacle at Best Buy during December was not something Wall Street expected. Most firms had fallen in love with the story, and Best Buy was seen as the proverbial Phoenix…
Kraft Velveeta Product Recall Follows “Cheesepocalypse” Outcry
Wikimedia CommonsAlmost 1.8 million pounds of Kraft Velveeta Cheesy Skillets Singles Ultimate Cheeseburger Mac are being recalled because some labels did not include soy, a common allergen, among the ingredients. The product contains hydrolyzed…
China Shares Battered, as European Shares Hit Highs
ThinkstockShares in China had a rough start to the week as the Shanghai Composite Index fell below 2,000 Monday for the first time in almost six months. New data showed that factory output and…
Ford’s Ambitious Plans for 2014: More Cars, Better Quality
Ford has an ambitious plan to introduce 23 new vehicles around the world this year. That is the most in a single year in the company's history. They include the revamped F-150 and Mustang.
IBM Seeks to Shed Its Low-End Server Business
IBM is once again looking to shed its low-end server business, and Dell is rumored to be interested. A deal to sell the business to China's Lenovo Group fell through last spring when the…
Anheuser-Busch Buys Back South Korean Brewer
Anheuser-Busch InBev announced Monday that it has reached an agreement to reacquire Oriental Brewery from private equity firms KKR and Affinity Equity Partners for $5.8 billion.
The 85 Richest People Own Wealth Equal to Half the World’s Population
Wealthy elites have co-opted political power to rig the rules of the economic game, warned Oxfam in a new report published ahead of this week's World Economic Forum in Davos.
UBS Says Own Only These Five Top IT Technology Stocks for Big 2014 Gains
One thing is for sure as the new year in trading has started to unfold. We have not met a firm on Wall Street that does not like technology for 2014. For once, maybe…
Five Ways to Protect Your Portfolio From a 20% Market Correction
As we have looked through research from the firms that we cover on Wall Street, we find that almost everybody expects a pullback. None that we have seen could be as large as the…
International Growth Boosts Schlumberger Earnings
Schlumberger reported fourth-quarter and full-year 2013 results before markets opened Friday morning, a day after the board of directors approved a 28% increase in the quarterly dividend.