Spain Slips Further into Recession
ThinkstockSpain slipped further into recession, which means that its need for aid has accelerated. Its gross domestic product for the third quarter dropped 0.3%, on top of a drop of 0.4% in the quarter…
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Trey Thoelcke
UBS to Cut 15% of Its Workforce
ThinkstockUBS A.G. (NYSE: UBS) has made it official. It will cut 10,000 jobs, primarily in its fixed-income operations. The financial firm said the move will save it $3.6 billion over the next three years.…
Some Earnings Reports Delayed by Hurricane Sandy
Wikimedia CommonsSome companies reportedly have decided to delay their earnings reports as Hurricane Sandy heads for the East Coast and the major U.S. markets are close today, and possibly Tuesday. According to Marketwatch: Pfizer…
The Effects of Big Sandy
The effects of Hurricane Sandy already have been felt on Wall St. as the major exchanges have elected to close today, and perhaps tomorrow. Much less certain is the damage the storm may do…
Greece Teeters on the Brink — Again
thinkstockEurope’s economic problems will be pushed off of the front pages, at least while the East Coast braces for Hurricane Sandy and its aftermath. But the bailout of Greece is in real trouble. The…
The Fate of Windows 8
Now that Microsoft Corp. (NASDAQ: MSFT) has released Windows 8, the guessing games have begun. First is whether mixed reviews of the product will slow its adoption. The pricing of Windows may offset negative…
MPLX IPO Off to a Strong Start
MPLX L.P. (NYSE: MPLX), a subsidiary of Marathon Petroleum Corp. (NYSE: MPC), began trading today. The company had priced its initial public offering of 17,300,000 common units at $22 a piece. Underwriters were granted…
Oshkosh Profit Up but Revenues Slip
Oshkosh Corp. (NYSE: OSK) this morning reported higher fourth-quarter profit and reaffirmed its 2013 outlook. The Wisconsin-based truck maker posted adjusted earnings per share (EPS) of $0.65 on revenues of $2.06 billion for the…
Merck’s Q3 Revenues Dinged by Patent Expiry
Merck & Co. (NYSE: MRK) this morning reported better-than-expected third-quarter earnings, but the loss of market exclusivity for its Singulair in the United States and the impact of foreign exchange took a toll on…
Storm Stories May Trigger Some Mild Panic
flickr / gsfcHurricane Sandy continues to move toward the East Coast, where it may combine with a front from the west, and has generated all sort of hyperbole. Hopefully, most of it is not…
Apple Runs Short of Mini iPads
courtesy of Apple Inc.Apple Inc. (NASDAQ: AAPL) already has run short of iPad minis. Advanced orders apparently wiped out inventory. According to CNET: Four minutes into the day, Apple started accepting online orders for the…
A Very Bad Year for Monthly Magazines
With the shuttering of Newsweek’s print edition, the attention of the media world has turned to other magazines with such severe print problems that they also will have to move entirely online. MIN is out…
Customer Service via Facebook May Be the Wave of the Future
It appears that customer service via Facebook Inc. (NASDAQ: FB) or Twitter may be the wave of the future. A new study from social media research firm NM Incite indicates that nearly half (47%)…
Short Interest in Biotech Is Mixed (ALXN, AMGN, ARNA, BIIB, CELG, DNDN, GILD, ILMN, ONXX, PCYC, REGN, VRTX, VVUS, IBB)
We have tracked the key short interest changes in the following biotech and emerging pharma companies: Alexion Pharmaceuticals Inc. (NASDAQ: ALXN), Amgen Inc. (NASDAQ: AMGN), Arena Pharmaceuticals Inc. (NASDAQ: ARNA), Biogen Idec Inc. (NASDAQ:…
The End of the U.K.’s Economic Slump?
The United Kingdom may have pulled out of a downward economic cycle. At least that is what official government data shows. For the third quarter of this year, gross domestic product rose 1% compared…
High Expectations for Apple Earnings
The earnings of Apple Inc. (NASDAQ: AAPL) may be the most important of the season. It is not only the largest company by market cap, its growth has stayed phenomenal for a large company.…
New Sprint Data Plan Looks to Snag iPad Sales from AT&T, Verizon
Sprint-Nextel Corp. (NYSE: S) will release a new 4G data plan for tablets. It should be in place by November 11. The cost of the plan has been set, it seems, to take iPad…
Dr Pepper, Brinker Down Following Earnings Reports
Solid earnings results from Brinker International Inc. (NYSE: EAT) and Dr Pepper Snapple Group Inc. (NYSE: DPS) this morning were not enough to please investors. The operator of the Chilis Grill & Bar and…
EMC Shares Fall on Earnings Miss
courtesy of EMCEMC Corp. (NYSE: EMC) this morning posted third-quarter results that missed on the top and bottom lines, and it lowered its full-year outlook. The world’s biggest maker of corporate data-storage equipment posted…
Generics Take a Bite of Eli Lilly Q3 Results
Eli Lilly (NYSE: LLY) this morning reported disappointing third-quarter results as generic drugs took a toll on its sales. The Indianapolis-based drug maker posted adjusted earnings per share (EPS) of $0.79 on revenues of…