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.…
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…
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 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 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 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…
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. 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…
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…
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…
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 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.…
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…
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.…
While European stocks rose to a four-month high and most Asian markets advanced, U.S. stock-index futures are lower this morning. No major U.S. economic reports are set for release today. Earnings are due from…
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…
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,…
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 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. 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…