Gartner, an information technology research and advisory company, announced today that worldwide sales of mobile phones declined 2.3% in second quarter to 419 million units, compared to the year-ago quarter. Smartphone sales, which accounted…
Michael Kors Holdings Ltd. (NYSE: KORS) has surged in premarket trading following this morning’s fiscal first quarter report. Michael Kors said earnings more than doubled from a year ago to $68.6 million, or $0.34…
Peter Sands, CEO of Standard Chartered, has flown to New York to personally take charge of the bank’s attempts to reach a settlement with U.S. regulators over allegations it hid transactions involving Iran. The…
nationsonline.orgFlash estimates published by Eurostat, the statistical office of the European Union, showed that gross domestic product in the eurozone fell by 0.2% during the second quarter of 2012, compared with the previous quarter.…
The Centre for European Economic Research (ZEW) Indicator of Economic Sentiment for Germany slipped 5.9 points in August 2012 to a level of -25.5 points. While this is the lowest value of the indicator so…
The Julius Baer Group has announced that Bank of America (NYSE: BAC) is selling Merrill Lynch’s international wealth management business to the Swiss private banking firm for approximately 860 million Swiss francs ($884.8 million),…
In order to avoid a proxy fight, Ingersoll-Rand PLC (NYSE: IR) has named activist investor Nelson Peltz to its board of directors. Eleven of those board members, including Peltz, are independent directors. Peltz will…
Tesoro Corp. (NYSE: TSO) announced that it that is has agreed to purchase BP PLC’s (NYSE: BP) integrated Southern California refining and marketing business for $1.18 billion, plus the value of inventory at the…
U.S. stock futures are marginally lower this morning, suggesting the S&P 500 Index could halt its longest advance in 20 months. Reports of slowing growth in Japan fueled concern that the global economy is…
The short interest data is out from the July 31 settlement date and, with a couple of notable exceptions, short sellers generally have retreated from their gambles on biotech firms. For the period that…
U.S. stock index futures are headed for a weaker open this morning, with futures for the Standard & Poor’s 500, the Dow Jones and the Nasdaq 100 down 0.3% to 0.5%. The S&P 500 index…
Kohl’s Corp. (NYSE: KSS) opened higher this morning after the company posted a better-than-expected second-quarter profit as cost cutting offset weak sales. The retailer said its quarterly profit totaled $240 million, or $1.00 per…
In its August report on the global oil market, OPEC forecasts that demand growth for crude will grow by 900,000 barrels a day in 2012, unchanged from July’s report. The cartel is less certain…
Investors do not seem impressed after Ralcorp Holdings Inc. (NYSE: RAH) said this morning that acquisitions helped boost its fiscal third-quarter profit. Shares are down slightly in early trading. The St. Louis maker of…
Net income for Computer Sciences Corp. (NYSE: CSC) fell to $42 million, or 26 cents per share, from $183 million, or $1.17 per share, in the same period of last year. And the company…
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…
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…
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 —…
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…
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…