CVS Caremark Tumbles on Walgreen Deal
CVS Caremark (NYSE: CVS) was down more than 2% in premarket trading Thursday, and its was down more than 5%, or less than $46 a share, in early trading. This after the stock reached…
All Work
Trey Thoelcke
Back to More Pain in Jobless Claims and Employment
The hope that the weekly jobless claims picture was getting better after last week’s surprise drop is being squashed. The Labor Department reported that weekly jobless claims rose back up into the danger zone…
U.S. Markets to Open Higher, Boosted by Earnings
U.S. markets are set to open higher, buoyed by somewhat better-than-expected earnings. Late Wednesday, IBM (NYSE: IBM) posted a higher profit and boosted its earnings target for the year. EBay (NASDAQ: EBAY) also exceeded…
Nokia Loss Widens on Falling Smartphone Sales
NokiaNokia (NYSE: NOK) reported this morning that its net loss more than tripled in the second quarter, dragged down by sagging sales of smartphones, a market in which the company has been losing ground…
AT&T Launches New Mobile Sharing Plan
Next month AT&T (NYSE: T), the second-largest mobile provider in the United States, will launch a new service that allows its customers to buy a single data plan for up to 10 devices and…
Chinese Home Prices Unchanged in June
The latest survey by China’s National Bureau of Statistics indicated that average home prices in 70 Chinese cities were unchanged in June from May. That ended eight straight months of declines and suggests that…
European Markets Up on U.K. Employment, BOE Lending Rate Decision
Better-than-expected unemployment data from the U.K. lifted European markets somewhat Wednesday morning. The unemployment rate declined to 8.1% for the three months that ended in May. Minutes from the Bank of England’s July policy…
Google+, FoxNews.com Top Customer Satisfaction Poll
Google’s (NASDAQ: GOOG) social media offering Google+ had a good showing with a score of 78 in its first appearance in the American Customer Satisfaction Index (ACSI) E-Business Report, released Tuesday. Google+ tied for…
CPI Shows Inflation Ignores Food and Energy
The retail inflation reading for the month of June has now been released by the Labor Department. The Consumer Price Index for the month of June came in on a headline basis at 0.0%,…
CalPERS Dismal 1% Return Could Prompt Pension System Overhaul
Monday, the California Public Employees’ Retirement System (CalPERS) reported a 1% return on investments for the 12 months that ended June 30. Its assets totaled more than $233 billion at the end of the…
Investors Await News on QE3
Rumors that Federal Reserve Chairman Ben Bernanke would hint at more monetary stimulus later in the day had global shares and the euro edging upward. U.S. stocks are set to open higher, ahead of…
Rising Citizen Journalism Poses Ethical Questions
Increasingly, eyewitnesses who find themselves caught in some tragedy are recording their experiences and posting their videos online. And more and more news organizations are incorporating user-generated content into their news offerings. The Pew…
Americans View Businesses as Corrupt
Protestors in various cities around the world are “occupying” any parks and streets they can find, to some extent to protest the success of big business as it contrasts the fortunes of the little…
Short Sellers Hit Sprint, Chesapeake Energy and Others
Short sellers moved aggressively into the shares of companies with weak financial prospects and stock prices. According to data from the NYSE and Nasdaq, for the period that ended April 30, shares sold short…
Media Digest (5/10/12) Reuters, WSJ, NYT, FT, Bloomberg
Sony (NYSE: SNE) says it will return to profit and will cut its TV unit losses in half. (Reuters) Cisco Systems (NASDAQ: CSCO) warns about the economy as it releases earnings. (Reuters) Regulators may…
The Rise of AOL’s Tim Armstrong
By now, it was assumed, Yahoo! (NASDAQ: YHOO) would have a new “change agent” CEO and Tim Armstrong of AOL (NYSE: AOL) would have been forced out of his job because of low ad…