Barnes & Noble Opens Higher on Smaller Q1 Loss
A pickup in sales of digital content and the popularity of the Fifty Shades of Grey series helped Barnes & Noble Inc. (NYSE: BKS) narrow its fiscal first-quarter net loss, boosting shares in early…
All Work
Trey Thoelcke
Tech Data Sinks on Earnings Miss
Tech Data Corp. (NASDAQ: TECD) reported this morning that its second-quarter earnings came to $0.88 per share on $5.96 billion in revenue. The results were down from $1.10 per share on $6.44 billion in…
Asian Stocks Mixed After Chinese Stimulus
Asian stocks were mixed as China moved to alleviate a cash crunch and ahead of U.S. reports that are expected to show the world’s biggest economy is improving. China’s Shanghai Composite Index added 0.5%.…
Miners and Banks Boost European Stocks
nationsonline.orgEuropean stocks are up today on the possibility of further monetary stimulus in China boosted investor confidence, and investors await reports that may show the U.S. economy is improving. Prime Minister Jean-Claude Juncker of…
The Nook Is Headed for the U.K.
courtesy Barnes & Noble Inc.Barnes & Noble Inc. (NYSE: BKS) announced today that it will be bringing the Nook e-reader and the associated digital bookstore to the United Kingdom this autumn, the Nook’s international…
GM Recalls Midsize SUVs
General Motors Co. (NYSE: GM) will recall more than 249,000 midsize sport utility vehicles to correct a potential fire hazard, according to the National Highway Traffic Safety Administration. In its filing with the U.S.…
Does the Ticker Make or Break the IPO?
Research shows that, following an initial public offering, stocks that have pleasant, easy to pronounce names outperform those with “ugly” names, says Marketwatch. Adam Alter, a professor of marketing and psychology at New York…
Best Buy Names CEO as Talks with Founder Stall
Best Buy Co. Inc. (NYSE: BBY) plans to name CEO Hubert Joly of the hospitality company Carlson as its new chief executive, according to DealBook. This announcement ends the electronics retailer’s months-long search for a…
Aetna to Buy Coventry Health Care
In the latest in a string of multi-billion-dollar acquisitions in the U.S. health care sector, Aetna Inc. (NYSE: AET) has agreed to buy competitor Coventry Health Care Inc. (NYSE: CVH) for $5.7 billion in…
Acer Misses Profit Estimates on One-Time Tax Charge
Taiwanese personal computer maker Acer Inc. said it swung to a net profit in the second quarter, despite weak demand and stiff competition from tablet makers such as Apple Inc. (NASDAQ: AAPL). Acer reported…
Pension Fund Sues Walmart for Access to Documents
It was revealed on Thursday that the Indiana Electrical Workers Pension Trust Fund IBEW has sued Wal-Mart Stores Inc. (NYSE: WMT). The Indiana union pension fund owns shares in Walmart and wants access to…
IBM to Acquire Texas Memory Systems
International Business Machines Corp. (NYSE: IBM) has announced that it will acquire Texas Memory Systems, a privately held company that focuses on high-performance Flash storage. IBM said the Houston-based company’s products will boost its…
Cisco Up on Dividend Boost, Earnings Beat
Shares of Cisco Systems Inc. (NASDAQ: CSCO) were up 5% in afterhours trading on Wednesday following the network equipment giant’s better-than-expected results and its announced plan to hike the quarterly dividend by 75%. Cisco…
Apple Takes Another Stab at TV
After years of trying to infiltrate the living room, Apple Inc. (NASDAQ: AAPL) may be about to take its most ambitious crack at it yet, reports the Wall Street Journal. Apple is talking with…
Google Is Search Leader in July
Not much of a surprise, but Google Inc. (NASDAQ: GOOG) was again the leader in the U.S. search market in July by a wide margin, according to comScore’s latest monthly analysis of the U.S.…
More Ads Coming to Facebook
Facebook Inc. (NASDAQ: FB) is testing an advertising service that allows companies to place more promotional messages in the News Feeds of users, even if those members or their friends have not signaled they…
Olympics Boosts U.K. Employment
The Office for National Statistics, the United Kingdom’s largest independent producer of official statistics, reported Wednesday that the unemployment rate in the U.K. fell to 8% in the three months to June 2012, down…
Staples Tumbles on Disappointing Q2, Lower Outlook
Staples Inc. (NASDAQ: SPLS) tumbled in premarket trading after posting disappointing second-quarter results and lowering its full-year guidance. The retailer reported quarterly earnings of $120.4 million, or $0.18 per share, and $5.5 billion in…
New Mobile Payments Network to Rival Google Wallet
Wal-Mart Stores Inc. (NYSE: WMT), CVS Caremark Corp. (NYSE: CVS), 7-Eleven Inc., Sunoco Inc. (NYSE: SUN) and other well-known retailers are expected to announce that they have banded together to develop a mobile payments…
TJX Falls Despite Earnings Beat
TJX Companies (NYSE: TJX) reported earlier this morning that its second-quarter profit came to $421 million, or $0.56 per share, and revenue totaled $6 billion. The results were up from $348.3 million, or $0.45…