Workday Soars on First Trading Day
Workday Inc. (NYSE: WDAY) began trading on the New York Stock Exchange today and shares of the enterprise software company soared early. The stock was trading up 73% to $48.50, after pricing at $28…
All Work
Trey Thoelcke
Google Maintains Its Huge Lead in Search
Not much of a surprise, but Google Inc. (NASDAQ: GOOG) was again the leader in the U.S. search market in September by a wide margin, according to comScore’s latest monthly analysis of the U.S.…
Apple Maps Issues Have Little Impact on iPhone 5 Sales
A new survey of 4,270 primarily North American consumers by the research firm shows an unprecedented degree of consumer interest in the Apple Inc. (NASDAQ: AAPL) iPhone 5. Dr. Paul Carton, VP of Research…
TARP: Was It Worth It?
The bailout programs that made up the TARP investments will end up costing taxpayers very little, according to a new Congressional Budget Office report: CBO estimates that the net cost to the federal government…
Germany Rebuffs IMF Pressure for Stimulus
Germany wants nothing of the International Monetary Fund pressure to allow some money that will go to Europe’s financially weakest nations to be used for stimulus and not to underwrite recoveries based on austerity.…
OECD Secretary General Sees Spain Going It Alone
Organization for Economic Co-operation and DevelopmentAngel Gurria, the secretary general of the Organization for Economic Cooperation and Development, told CNBC that Spain’s reluctance to request a bailout is understandable and the country may try…
European Union Honored with Nobel Peace Prize
nationsonline.orgThe Nobel Committee in Oslo today awarded the Nobel Peace Prize to the European Union “for over six decades contributed to the advancement of peace and reconciliation, democracy and human rights in Europe.” The…
Short Interest in Biotech Is Mixed (ALXN, AMGN, ARNA, BIIB, CELG, DNDN, GILD, ILMN, ONXX, PCYC, REGN, VRTX, VVUS, IBB)
The short interest in biotech stocks is mixed, judging by the short interest changes between the September 14 and September 28 settlement dates. There were notable swings in shares sold short from Biogen Idec,…
Siemens Prepares to Shrink
It is never a good sign when a global corporation with customers across almost the entire world and a broad array of businesses says it will cut workers because of the economic slowdown. But A.G.…
A Trade War with China Is Brewing?
The trade and business battles between China and the United States were ratcheted up again as the American government set tariffs on China made solar panels that will be as high as 30%. The action comes…
More Management Changes at J.P. Morgan
One more of Jamie Dimon’s key aides at J.P. Morgan Chase & Co. (NYSE: JPM) has been caught in the reorganization that began with a multibillion trading loss at the firm’s London office. The Wall Street…
U.S. Foreclosures at a Five-Year Low
A new RealtyTrac report says foreclosure filings on U.S. homes in September fell to their lowest level in five years, though foreclosures continued to rise in some states. The decrease as driven largely by…
H&R Block Plans to Shed Banking Unit
H&R Block Inc. (NYSE: HRB) fell 6% in early trading after announcing that it is exploring strategic alternatives for its banking unit. The tax-preparation company wants to avoid new capital requirements under the Dodd-Frank…
OPEC Trims 2012 World Oil Demand Forecast
In its October monthly report, the Organization of the Petroleum Exporting Countries, or OPEC, cited the weak global economy as cause for lowering its forecast for world oil demand by 100,000 barrels to 800,000…
Steve Ballmer Extols Microsoft’s Future
Much of the recent discussion about Microsoft Corp. (NASDAQ: MSFT) has centered around the cut in CEO Steve Ballmer’s bonus, which to some extent was due to ongoing losses in the company’s online operations.…
Chances of a BAE-EADS Merger Dwindle
It has only been a few weeks since BAE Systems and EADS proposed to merge. But objections by large investors, as well as some of the nations that have many employees from one or…
Wall St. Compensation Back in the Spotlight
The office of New York State Comptroller Thomas P. DiNapoli released its annual report on the state of Wall St. The focus of the report, at least according to the press, was this information:…
Google Play Content Comes to Google TV
Google TV is set to get content from the Google Play store, including movies, TV shows and music, a big step in Google Inc.’s (NASDAQ: GOOG) efforts to become a media behemoth. Content will…
BlackBerry 10 Delayed Until March 2013?
Ailing smartphone maker Research In Motion Ltd. (NASDAQ: RIMM) previously pushed back the scheduled launch date of the new range of BlackBerry 10 devices from later this year to the first quarter of 2013.…
Coca-Cola, PepsiCo Join Calories Count Initiative
The American Beverage Association’s President Susan Neely said members of her group have agreed to what they call the Calories Count Vending Program. ABA officials said the plan is a: public-private partnership to provide…