Ralph Lauren Sees Solid EPS, Sales Growth
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…
All Work
Trey Thoelcke
Dish Network Misses Estimates on Rising Subscriber Costs
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…
BOE Pessimistic on GDP Growth
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 —…
The Early Bird Gets the S&P 500 Worm
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…
Job Openings Ticked Up in June
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’s $112 Million Victory over A10 Networks
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.…
CVS Falls Short of Estimates, Raises Outlook
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,…
ETFs About to Surpass Trade in S&P 500
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…
GM Sued over Saab Bankruptcy
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…
HCA Tops Estimates Due to Higher Admissions
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…
Youku.com Revenue Nearly Doubles
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 Set to Continue Rise Following Jobs Report
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)…
IP News: Apple’s Spat with Samsung; Monsanto’s Big Victory
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 Air Reaches Tentative Deal with Pilots
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…
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…
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…