Apple to Buy Fingerprint Security Company
Apple Inc. (NASDAQ: AAPL) has agreed to buy AuthenTec Inc. (NASDAQ: AUTH) in a deal valued at about $356 million. That comes to $8.00 per share, compared to $5.07 at Thursday’s close. AuthenTec produces…
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Trey Thoelcke
New Passenger Vehicles Have Record Fuel Efficiency
Industry analysts Baum & Associates have released data on fuel efficiency for new passenger vehicles entering the U.S. in the first half of 2012. The firm found that from January to June of 2012,…
Facebook and Starbucks Tumble in Premarket Trading
Shares of Facebook Inc. (NASDAQ: FB) have tumbled about 12% in premarket trading. The social media giant said late Thursday that its second-quarter revenue rose 32% to $1.2 billion, but the company failed to…
Barclays Faces New Probe, More Lawsuits
Barclays PLC (NYSE: BCS) revealed Friday that it faces a new regulatory probe and more U.S. lawsuits. This is more bad news for the British lender as it struggles to repair the damage to…
U.S. Stock Futures Rise Ahead of Q2 GDP Report
U.S. stocks are poised to open higher as investors await the first reading on second-quarter U.S. GDP, and after encouraging remarks from Europe’s central bank about supporting the euro. Economists predict the U.S. economy…
Boston Scientific Stung by $3.4 Billion Charge
Medical device maker Boston Scientific (NYSE: BSX) has reported a second-quarter net loss of $3.40 billion, or $2.39 per diluted share. Adjusted earnings were $0.11 per share, which compares with $0.10 per share in…
Dow Chemical Posts Disappointing Profit
Dow Chemical (NYSE: DOW) has reported second-quarter earnings of $649 million, or $0.55 per share, and $14.5 billion in revenue. EPS were down from $0.84 in the same quarter of last year and revenue…
ECB Pledges to Preserve the Euro
U.S. stock index futures reversed earlier losses this morning after news reports quoted European Central Bank President Mario Draghi as saying the central bank would do “whatever it takes to preserve the euro.” The…
Alcatel-Lucent Swings to a Loss, Will Cut 5,000 Jobs
Alcatel-LucentAlcatel-Lucent (NYSE: ALU) this morning reported a net loss of 254 million euro ($308 million), compared to a net profit of 43 million euro ($52 million) a year ago. Revenue fell 7.1% to 3.55…
Menu Change May Be Coming to Buffalo Wild Wings
One interesting side note to Tuesday’s disappointing earnings from Buffalo Wild Wings (NASDAQ: BWLD): Besides facing higher price-per pound costs for chicken wings, the company says that it is receiving fewer wings per pound.…
Drug Giants Show Mixed Earnings (BMY, LLY)
Surging growth of its Cymbalta depression treatment helped Eli Lilly & Co. (NYSE: LLY) beat Wall St.’s earnings expectations. But generic rivals to Plavix, other drugs hurt Bristol-Myers Squibb Co. (NYSE: BMY) second-quarter results.…
U.S. Markets to Open Mixed Following Apple Earnings Miss
U.S. stock futures are mixed ahead of the opening bell. Dow Jones industrial average and S&P 500 futures were about 0.5% higher, while Nasdaq futures were lower by about the same amount. Apple (NASDAQ:…
Ford Profit Tumbles 57% on Weakness in Europe
Ford Motor (NYSE: F) has just reported that its second-quarter net profit slid 57% to $1 billion, or $0.26 a share, as its operations in Europe and a higher tax rate offset strong results…
Baidu Rallies on Earnings Suprise
Baidu (NASDAQ: BIDU) is up more than 10% in morning trading following yesterday’s better-than-expected second-quarter results. China’s Internet search leader reported its quarterly earnings jumped 72% from a year ago to $1.24. Sales totaled…
AT&T Beats on Earnings, but Revenues Fall Short
AT&T Inc. (NYSE: T) reported this morning that its second-quarter profit came in at $3.9 billion, or $0.66 per share. That is up from from $3.59 billion, or $0.60 per share, in the same…
Under Armour Rallies on Better-Than-Expected Results
This morning, Under Armour (NYSE: UA) reported a better-than-expected profit as demand rose in its footwear category. The company also raised its full-year revenue forecast. The apparel maker said its second-quarter earnings came to…
U.S. Markets to Open Lower as Investors Await Earnings
U.S. stock futures are down slightly, indicating that the Standard & Poor’s 500 Index is likely to remain near a one-week low. European sovereign-debt worries continue to be of concern, ameliorated somewhat by an…
Hasbro Rallies on Earnings Beat
Hasbro (NASDAQ: HAS) shares rallied in early trading after earnings exceeded Wall St.’s expectations. The second-largest U.S. toymaker said this morning that its second-quarter net earnings, excluding charges, totaled $46.0 million, or $0.33 per…
U.S. Stocks to Open Lower on European Debt Fears
U.S. stocks are set to fall sharply at the open Monday, following a global sell-off on heightened fears that Spain will need a full sovereign bailout similar to those taken by Greece and Portugal,…
Unprecedented Demand for the iPhone 5
Sales of Samsung’s flagship Galaxy S III smartphone have reached 10 million in its first two months on the market. This latest version of the Galaxy S has received positive reviews, many of which…