The short interest data is out from the July 31 settlement date and, with a couple of notable exceptions, short sellers generally have retreated from their gambles on biotech firms. For the period that…
U.S. stock index futures are headed for a weaker open this morning, with futures for the Standard & Poor’s 500, the Dow Jones and the Nasdaq 100 down 0.3% to 0.5%. The S&P 500 index…
Kohl’s Corp. (NYSE: KSS) opened higher this morning after the company posted a better-than-expected second-quarter profit as cost cutting offset weak sales. The retailer said its quarterly profit totaled $240 million, or $1.00 per…
In its August report on the global oil market, OPEC forecasts that demand growth for crude will grow by 900,000 barrels a day in 2012, unchanged from July’s report. The cartel is less certain…
Investors do not seem impressed after Ralcorp Holdings Inc. (NYSE: RAH) said this morning that acquisitions helped boost its fiscal third-quarter profit. Shares are down slightly in early trading. The St. Louis maker of…
Net income for Computer Sciences Corp. (NYSE: CSC) fell to $42 million, or 26 cents per share, from $183 million, or $1.17 per share, in the same period of last year. And the company…
Ralph Lauren Corp. (NYSE: RL) has just reported its quarterly earnings of $2.03 per share and $1.6 billion in revenue. The results were up 7% and 4%, respectively, from the same period a year…
Disappointing average revenue per user resulted in an earnings miss for Dish Network Corp. (NASDAQ: DISH). The second-largest U.S. satellite-television provider said this morning that its quarterly earnings came to $0.50 per share and…
The Bank of England issued its most recent report on inflation and GDP growth forecasts. As might be expected the “Overview of the Inflation Report August 2012” said that inflation would be muted —…
Bespoke Investment Group has examined trading patterns in the S&P 500 index since June 1, the market’s summer low, and broken down them hour by hour. The question is, does the early bird get…
The U.S. Labor Department said in its latest Job Openings and Turnover Survey that job openings at U.S. workplaces rose to 3.76 million in June from 3.66 million in May. Year over year, job…
Brocade Communications Systems Inc. (NASDAQ: BRCD) announced Monday that a San Jose federal court jury had found A10 Networks responsible for broad-based intellectual property infringement and unfair competition. Brocade was awarded approximately $112 million.…
This morning, CVS Caremark Corp. (NYSE: CVS) reported second-quarter earnings of $966 million, or $0.75 per share, and $30.7 billion in revenue. EPS were up from $0.60 in the same period a year ago,…
Bloomberg reported this morning that, for the first time, the value of transactions in exchange-traded funds (ETFs) that track the Standard & Poor’s 500 Index is set to surpass the turnover for all the…
Dutch auto maker Spyker said Monday in a statement that it will sue General Motors Co. (NYSE: GM) for $3 billion on behalf of its subsidiary Saab. Spyker accuses the U.S. automaker of deliberately…
Hospital operator HCA Holdings Inc. (NYSE: HCA) reported a better-than-expected second-quarter profit due to higher patient admissions. Net income for the quarter rose to $391 million, or $0.85 cents per share, on $8.11 billion…
Chinese online video game company Youku.com Inc. (NYSE: YOKU) reported a net loss for the second quarter of RMB387.4 million ($9.9 million), but that its revenue nearly doubled from a year ago to RMB62.8…
U.S. stocks are set to open higher, resuming gains following Friday’s upbeat July jobs report. No major economic reports are due on Monday. Tyson Foods Inc. (NYSE: TSN) and Chesapeake Energy Corp. (NYSE: CHK)…
Apple Inc. (NASDAQ: AAPL) is seeking sanctions after a lawyer for Samsung Electronics publicly released evidence a judge had excluded from the trial in which Apple alleges that the Korean manufacturer copied designs and…
United Continental Holdings Inc. (NYSE: UAL) the Chicago-based parent of United Airlines, has reached a tentative agreement on a new labor contract with the Air Line Pilots Association. The pilots union had threatened to…