Shares of Darden Restaurants Inc. (NYSE: DRI) jumped more than 5% after the opening bell on this morning’s sold quarterly results even as its Red Lobster chain continues to struggle. The Orlando-based full-service restaurant…
McDonald’s Corp.’s (NYSE: MCD) board of directors approved a 10% increase in the company’s quarterly dividend on common stock, to 77 cents a share. The new dividend is payable Dec. 17 to stockholders of…
The three large American auto firms have to hope that their negotiations with the United Auto Workers will be as easy as the ones they have had with the Canadian Auto Workers. The CAW have…
nationsonline.orgEven the luxury end of the car market has begun to suffer in Europe. Apparently, the 1% have begun to feel the pinch of recession. They must have decided to hold their current cars…
The launch of the Apple Inc. (NASDAQ: AAPL) iPhone 5 began in Asia and has moved toward the United States, where it will be available for sale today. The evaluations of the effects of its sales…
The rail sector has taken a hit this morning after Norfolk Southern Corp. (NYSE: NSC) warned late yesterday that its third-quarter earnings will fall well below expectations. Norfolk Southern now expects earnings of between…
Shares of Jefferies Group Inc. (NYSE: JEF) are down in premarket trading this mornings solid earnings report. Jeffries reported third-quarter 2012 earnings per share (EPS) of $0.31 on revenue of $739 million. In the…
CarMax Inc. (NYSE: KMX) this morning reported second-quarter earnings per share (EPS) of $0.48 on revenue of $2.76 billion. In the same period a year ago, the used car dealer reported EPS of $0.48…
ConAgra Foods Inc. (NYSE: CAG) this morning reported fiscal first quarter 2013 earnings per share (EPS) of $0.41 on revenue of $3.31 billion. In the same period a year ago, the processed and packaged…
AppleAs Apple Inc. (NASDAQ: AAPL) launches its new iPhone 5 without its traditional partnership with Google Maps, the future of the search engine’s software has dimmed. Google Inc. (NASDAQ: GOOG) has never quite explained…
Japan announced its trade data for August, and its export level to the European Union collapsed by 28% from the same month last year. If the data is any indication of Europe’s shrinking demand,…
Nike Inc. (NYSE: NKE) became the latest company to return money to shareholders as the economy falters. It joins a raft of firms from AOL Inc. (NYSE: AOL) to Microsoft Corp. (NASDAQ: MSFT) and…
nationsonline.orgDespite the European Central Bank’s aggressive new bond-buying plan, private-sector activity across the eurozone contracted at its fastest pace since June 2009, according to the preliminary September Markit composite purchasing managers index released today.…
Manufacturing activity in China stabilized in September after hitting a nine-month low in August, a survey of factory managers showed. HSBC/Markit China manufacturing PMI flash estimate for September improved slightly from 47.6 in August…
Mutual fund giant Franklin Resources (NYSE: BEN) has announced that it will acquire a majority stake in K2 Advisors for an undisclosed amount. K2 is one of the largest of the so-called funds of…
According to the Center for Audit Quality’s (CAQ) 6th Annual Main Street Investor Survey, about two-thirds of individual investors have at least some confidence in U.S. capital markets. That represents an increase of four…
The Financial Times, in an exclusive report, says that Saudi Arabia will ship additional crude to some of the world’s largest consuming nations. The kingdom fears that the increasing cost of oil will stifle what…
A report from Merrill Lynch shows that investors are now more worried about the “fiscal cliff” than the financial trouble of Europe: Europe is staging a comeback in investor portfolios while concerns about the…
Bundesbank leader Jens Weidmann has been unhappy with the European Central Bank’s plan to buy sovereign debt in financially weak nations since the idea was first floated. Now, he has viciously attacked the practice…
The National Association of Home Builders/Wells Fargo housing market index increased to a seasonally adjusted reading of 40 in September. That was up from 37 in the previous month, as well as the highest…