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.…
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,…
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…
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…
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…
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 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)…
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 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 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…
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…
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…
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…
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…
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…
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…