Facebook Insiders May Sell Shares
Facebook Inc.’s (NASDAQ: FB) shares have traded below $20, after a $38 initial public offering. The price could be pushed down more by the people who helped start the company — both employees and…
All Work
Trey Thoelcke
Battle of Wills Between ECB and Bundesbank Chiefs Continues
The war of wills between ECB chief Mario Draghi and Germany’s Bundesbank continues, as the chance that the European Central Bank will have a free hand in buying sovereign debt of weak nations in the region…
RIM Pins Hopes on New PlayBook
Research In Motion Ltd. (NASDAQ: RIMM) continues its push to remain relevant in the new world of tablets and smartphones, and to keep itself from being broken into pieces and sold off as junk. The Canadian…
U.K. Service Sector Growth Slows in July
The Markit/CIPS purchasing managers’ index (PMI) released today indicated that the service sector in the United Kingdom grew at its slowest pace in 19 months in July. This casts fresh doubt over whether the…
Eurozone June Retail Sales See a Slight Monthly Rise
Retail sales in the eurozone came in better than expected, but growth fell off sharply from the previous year, as consumers in the region struggled with the effects of the economic downturn. The EU…
One More Patent Boom for VirnetX
VirnetX Holding Corp. (NYSEMKT: VHC) has announced that on Wednesday the U.S. District Court for the Eastern District of Texas, Tyler Division, issued its patent claim construction, or “Markman” Order, in the ongoing patent…
GM Beats EPS Estimates, Revenue Falls Short
General Motors Corp. (NYSE: GM) has just reported second-quarter net income attributable to common stockholders of $1.5 billion, or $0.90 per fully diluted share. That compares to $1.54 per share in the year-ago period.…
Bank of England Keeps Lending Rate Unchanged
The Bank of England announced on Thursday that its key lending rate would remain unchanged, and it made no changes to its planned asset purchases. The bank’s Monetary Policy Committee left the so-called bank…
Sluggish PMI for the U.S. and Eurozone in July
This morning, Markit Economics has released July manufacturing PMI data for the United States, the eurozone and major EU countries. Overall, they show that the manufacturing sector continues to slow due to the sluggish…
Costco Sales Up Despite Fuel Price Drop, Strong Dollar
Costco Wholesale Corp. (NASDAQ: COST) this morning reported net sales of $7.25 billion for the month of July, an increase of 8% from $6.74 billion during the similar period of last year. The Issaquah,…
Dollar Thrifty Beats EPS Estimates, Buys Back More Shares
Dollar Thrifty Automotive Group Inc. (NYSE: DTG) reported this morning that its second-quarter earnings came to $1.36 per share on $378.9 million in revenue. EPS were $1.37 and revenue $378.2 million in the same…
Societe Generale Blames Profit Slump on Write-Downs
Societe Generale SA on Wednesday blamed its worse-than-expected second-quarter profit on write-downs on assets in the United States and Russia. France’s second-largest lender by market value reported that its net profit in the three…
Does Gender Diversity in the Boardroom Mean Better Returns?
A new report by the Credit Suisse Research Institute indicates that companies with women on their boards perform better in challenging markets than those with all-male boards. The results of the six-year study suggest…
U.S. Stock Futures Edge Higher as Investors Await Fed Action
U.S. stocks are set to open higher on the final day of July. All three indexes are expected to post mild gains for the month. Futures on the Dow Jones Industrial Average are up…
Eurozone Jobless Rate, Inflation Remain Unchanged
Numbers out of Eurostat, the statistical office of the European Union, Tuesday indicate that the eurozone’s seasonally adjusted unemployment rate remained at 11.2% in June 2012, unchanged from May’s upwardly revised figure. But that…
Supervalu Names New CEO
Struggling supermarket chain Supervalu Inc. (NYSE: SVU) on Monday named a new chief executive as part of its effort to revive a business plagued by a three-year sales slump. Current chairman Wayne Sales was…
U.S. Smartphone Shipments Fall 5%
The latest research from Strategy Analytics indicates that smartphone shipments in the United States fell 5% annually to reach less than 24 million units during the second quarter of 2012. Google Inc.’s (NASDAQ: GOOG)…
CKE Restaurants Reveals Terms of IPO
CKE Restaurants Inc., the fifth-largest operator of quick-service hamburger restaurants globally, has announced the estimated terms of its planned initial public offering. Some 13.3 million shares will be priced between $14 and $16 each.…
Zoellick: Monetary Easing Won’t Solve EU Debt Crisis
European Central Bank (ECB) President Mario Draghi pledged last week to do “whatever it takes” to protect the eurozone from collapse, and the markets are awaiting any decision from the central bank arising from…
Eurozone Confidence Weakens in July
nationsonline.orgThe European Commission announced today that its July economic sentiment indicator for the 17-nation eurozone fell to 87.9 from 89.9 in June. Economists surveyed by Dow Jones Newswires had forecast a reading of 88.9.…