Rumor has it that Sharp has fallen behind schedule on production of screens for Apple Inc.’s (NASDAQ: AAPL) latest iPhone, just weeks before a planned launch. In fact, Sharp has not started mass producing…
In a double whammy for Europe, newly released data indicate that inflation is rising, while the unemployment rate remains above 11%. The eurozone’s annual rate of inflation is expected to be 2.6% in August…
The chief of Germany’s powerful central bank may step down. German newspaper Bild reports that German Bundesbank President Jens Weidmann will resign. The reason given is his battle with ECB President Mario Draghi over whether the European Central…
The focus of the markets today will be Ben Bernanke’s speech at a banker’s conference in Jackson Hole. Investors have held their breath for days in anticipation. The waiting also has been one of…
Twitter, which many investors consider a primary challenger to Facebook Inc. (NASDAQ: FB), will allow advertisers to target users based on their activity on the short message platform. Advertisers will be able to pick…
In the three months that ended in June, the GDP growth of India languished around its lowest level in three years. The economy grew 5.5% in the quarter, government data indicated. That was just…
Ciena Corp. (NASDAQ: CIEN) said its net loss for the fiscal third quarter narrowed to $29.8 million, or an adjusted net loss of $0.04 cents per share, from $31.4 million in the same quarter…
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…