Consumers boosted their spending in July by a seasonally adjusted 0.4%, according to the latest Commerce Department data. That was the biggest gain in five months, as aftertax incomes continued to grow modestly. The…
New applications for unemployment benefits remained unchanged last week, the latest Labor Department data showed, suggesting little pickup in hiring in the United States. Initial jobless claims remained at a seasonally adjusted 374,000 in…
courtesy of Pandora MediaAlthough Pandora Media (NYSE: P) reported yesterday that its net loss for the second quarter widened to $5.4 million, or $0.03 per share, compared to a loss of $1.8 million a…
Costco Wholesale Corp. (NASDAQ: COST) reported that for August, comparable-store sales gained 6% year-over-year, and that its total sales increased 8% to $7.4 billion. Analysts polled by Thomson Reuters had a consensus estimate of…
Apple Inc. (NASDAQ: AAPL) has launched a new online service that allows potential iPhone or iPad customers to ask questions of an Apple Store specialist. “You can talk directly to a trained Specialist over…
Zale Corp. (NYSE: ZLC) jumped in premarket trading after reporting a narrower fiscal fourth-quarter loss and predicting a return to profitability in the next year. The specialty retailer said its net loss for the…
More American companies are among the 20 largest in the world than at any time in the past decade. This is because earnings at U.S. companies have risen faster than the rest of the…
Even as Tropical Storm Isaac heads into the Gulf of Mexico and forces companies to halt U.S. oil production there, Brent crude remained steady below $113 a barrel. Brent went as high as $115.50…
As Tropical Storm Isaac is forecast to turn into a Category 2 Hurricane before its makes landfall near New Orleans, it has caused large oil firms to shut many of their platforms in the…
The primary concern about the future of mobile operating systems now that Apple Inc. (NASDAQ: AAPL) has defeated Samsung in a court battle over patents is that Google Inc. (NASDAQ: GOOG) will be Apple’s…
Rumors continue that Apple Inc. (NASDAQ: AAPL) will launch a mini-iPad. AllThingsD reported: Only after the next-generation iPhone is out the door and on sale will Apple announce the smaller iPad it’s been working…
NokiaNokia Corp. (NYSE: NOK) shares are up more than 10%, or above $3.40 a share, in premarket trading. Last week, a U.S. jury awarded Apple Inc. (NASDAQ: AAPL) $1.051 billion in damages from Samsung…
The short interest in biotech stocks is generally rising, judging by the short interest changes from August 15 settlement date versus the July 31 settlement date. We have tracked the key short interest changes…
Isaac, now a Category 1 hurricane that could become a Category 2, will have some effect on the U.S. economy even if it does not make a direct hit on a major city. Damage estimates to…
It may take months for the shock waves from the Samsung legal loss in a patent suit with Apple Inc. (NASDAQ: AAPL) to change the smartphone industry’s landscape. Samsung has to immediately decide whether it should redesign…
The nationwide average price for a gallon of regular rose seven cents over the past two weeks, according to the Lundberg Survey. That puts the price at $3.76. In the previous two weeks, the price…
While most of the 30 stocks on the Dow Jones Industrial closed in the red yesterday, Kraft Foods Inc. (NASDAQ: KFT) and Pfizer (NYSE: PFE) bucked that trend. Kraft climbed 0.71%, according to Bloomberg,…
Two months ago, almost all predictions about gasoline prices were that they were falling and would stay down, or even drop more. Crude prices had fallen. Oil and gas supplies were abundant. Trouble with Iran…
Bloomberg reports that HSBC (NYSE: HBC) has gone into talks with federal officials to settle charges that it helped launder money for interests in Sudan and Iran. Other banks may be caught in related investigations. Standard…
The relationship between Germany and France on the one hand and Greece on the other spins from accommodation to exasperation in an almost regular cycle. Despite support of the euro, in concept, Angela Merkel and Francois…