Wendy’s Net Loss Widens, Dividend Doubles
courtesy of McDonald'sWendy’s Co. (NASDAQ: WEN) this morning said its net loss widened in the third quarter as it paid off debt, but it also doubled its dividend and announced a $100 million share…
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Trey Thoelcke
Siemens Robust Q4 Earnings
thinkstockSiemens A.G. (NYSE: SI) released strong earnings for its fiscal fourth quarter and outlined plans to lower costs by six billion euros by 2014. At its current pace and with strategic plans on expenses,…
Boeing Shrinks Executive Ranks
Wikimedia CommonsNational Employee Morale Day was celebrated at Boeing Co. (NYSE: BA) yesterday as the company reassigned a number of executives. Buried in the press release about the plans were a number of cost-cutting…
Galaxy S III Is the World’s Best-Selling Smartphone
courtesy of SamsungSamsung posted another smartphone milestone, which showed just how much of a threat it is to Apple Inc. (NASDAQ: AAPL). The Samsung Galaxy S III is often described as the only real…
AT&T Announces Expansion Plans, Dividend Increase
ThinkstockAt its annual analysts conference, AT&T Inc. (NYSE: T) said it plans to invest $14 billion over the next three years for wireless and wired capital improvements. This includes an expansion of 4G LTE…
Kraft Foods Beats, Affirms Outlook
ThinkstockKraft Foods Group Inc. (NASDAQ: KRFT) said this morning that new products and increased advertising helped it exceed Wall St. expectations. It also stood by its forecast for 2013. The food and beverage company…
Gasoline Prices Low Despite Post-Hurricane Shortages, Refinery Closings
ThinkstockAAA’s Daily Fuel Gauge Report has the nationwide average price of a gallon of regular gasoline at $3.462. That is down from $3.521 a week ago and from $3.818 a month ago. A gallon…
Spain’s Hope for GDP Growth Diminishes
thinkstockSpain has cut its growth forecasts again (or rather, experts have), which means it will ask for more time to solve its problems. And its path to a bailout from its neighbors and bond…
Nor’easter Could Offer Another Taste of Sandy
ThinkstockIf Hurricane Sandy hurt retail sales and closed businesses through the Mid-Atlantic and Northeast, the problem is about to repeat itself as another storm, albeit a smaller one, approaches. Some economist have said Sandy’s…
Audi Chief Has Ambitious Plans
ThinkstockOne more luxury car maker has made fantastic claims about future growth. BMW, Mercedes, Lexus, Infiniti, Acura and Porsche all believe their sales will skyrocket by the end of the decade. Either the global…
Marathon Rises on Surprise Revenue Growth
ThinkstockMarathon Oil Corp. (NYSE: MRO) shares are higher in morning trading after the company offered solid third-quarter results, including a surprise year-over-year increase in revenues. The Houston-based oil and gas company posted adjusted earnings…
Office Depot Hit with Weak Sales, Restructuring Charges
courtesy of Office DepotOffice Depot Inc. (NYSE: ODP) said this morning that it swung to a third-quarter loss of $69.6 million, or $0.25 per share, due in part to declining same-store sales in North…
Eurozone Economies Continue to Shrink
ThinkstockPurchasing managers indexes (PMIs) gauge the activity of thousands of companies. Survey compiler Markit said The latest eurozone PMI reading from survey compiler Markit indicates that the eurozone economy is shrinking at a quarterly…
The Sun Sets on American Suzuki
ThinkstockAmerican Suzuki will leave the U.S. market, a victim of small sales and a brand that U.S. car buyers barely know. 24/7 Wall St. recently predicted that Suzuki would not make it in the…
Greek Strikes Ahead of Austerity Vote
thinkstockThe Greeks continued to prove that they can be their own worst enemies. Constant strikes there take businesses offline and almost certainly hurt the flow of tourism critical to the economy. The Greek parliament…
Chinese Backlash Against Japan Hurts Nissan Too
ThinkstockNissan became the latest Japanese company to say that a territorial dispute between its nation and China will badly hurt earnings. At some point, the Japanese government must decide whether ownership of a few…
Netflix Adopts Stockholder Rights Plan
courtesy of Netflix Inc.Netflix Inc. (NASDAQ: NFLX) announced today that its board of directors has adopted a stockholder rights plan. According to the press release: The Rights Plan is intended to protect Netflix and…
Chinese Backlash Against Japan a Boon for GM, Ford
courtesy of Ford Motor CompanyAs Chinese consumers shunned Japanese goods due to a territorial dispute between the two countries, U.S. automakers General Motors Co. (NYSE: GM) and Ford Motor Co. (NYSE: F) benefited from…
Humana Lifts EPS Outlook, Announces Acquisition
ThinkstockHumana Inc. (NYSE: HUM) said this morning that its third-quarter net income fell 4.3% but it lifted its earnings outlook for the full year. The health care company also announced a pair of deals…
Greek Prime Minister Pushes for “Final” Austerity Measures
thinkstockGreek Prime Minister Antonis Samaras says that Greece could be ousted the eurozone if the debt-laden country’s parliament fails to approve a new round of austerity measures. The parliament is due to vote Wednesday…