According to Reuters, the head of Samsung has been indicted for tax evasion. Reuters writes Ebay (EBAY) profits rose 22%, but the company was cautious about the rest of the year. Reuters reports that…
Markets in Asia were mostly higher. The Nikkei was up 1.9% to 13,398. Canon was up 5.1% to 4850. Sony (SNE) was up 4.3% to 4370. Toyota (TM) was up 2.7% to 5010. The…
The market was buoyed by Intel’s (NASDAQ:INTC) earnings. It should have been. Gross margins were good, Year-over-year results were fine. If there was any concern about the quarterly report is was the drop of…
On Thursday, we’ll get to see earnings out of TD AMERITRADE Holding Corporation (NASDAQ: AMTD) and E*TRADE Financial Corporation (NASDAQ: ETFC). In fact, that will already mark the actual end of the discount brokerage…
Pfizer, Inc (NYSE: PFE) has signed an agreement with the much smaller AVANT Immunotherapeutics (NASDAQ: AVAN). The two have announced an agreement where Pfizer will be granted an exclusive worldwide license to its CDX-110…
Gilead Sciences, Inc. (NASDAQ: GILD) posted results after the close today. Its Q1 revenues surged to $1.26 billion and non-GAAP earnings was $522.1 million, or $0.54 EPS. First Call had estimates at $0.48 EPS…
Shares of International Business Machines Corp. (NYSE: IBM) are initially surging after earnings. Big Blue posted $1.65 EPS on $24.5 Billion in revenues, while estimates from First Call were $1.45 EPS on $23.71 billion…
Ebay (NASDAQ: EBAY) shares rallied modestly into the close, up 1.7% to $32.09. The company posted first quarter revenue of $2.19 billion, up $424 million from the same period last year. Revenue growth was…
Safeway (SWY) Food prices hurting retailing margins. Falls to $25.75 from 52-week high of $38.31. Northrop Grumman (NOC) Q1 charge still weighs on shares. Sell off to $69.48 from 52-week high of $85.21. Healthcare…
It was almost amazing that private equity funds never did go acquire many banks, despite the lending woes that came to pass. For some time there was value there before the logic and rationale…
After today’s close, we’ll get to see earnings out of Gilead Sciences Inc. (NASDAQ: GILD). The estimates for the biopharmaceutical company from First Call are $0.48 EPS on $1.22 billion in revenues. Next quarter…
After today’s close, we’ll get to see earnings out of International Business Machines Corp. (NYSE: IBM). The estimates for Big Blue from First Call are $1.45 EPS on $23.71 billion in revenues. Next quarter…
After today’s close, we’ll get to see earnings out of eBay Inc. (NASDAQ: EBAY). The estimates for the online auction platform from First Call are $0.39 EPS on $2.08 billion in revenues. Next quarter…
If you thought biotech news was getting quiet going into earnings season, think again. Acadia Pharmaceuticals Inc. (ACAD) presents Phase II data on pimavanserin, a treatment for Parkinson’s disease psychosis (PDP) at the 60th…
Rhino Resource Partners, L.P. has submitted its IPO paperwork thismorning. The filing shows for $115 million proposed maximum offering price,although this number is for filing purposes only. 5 million shares representing limitedpartner interests will…
AMR (NYSE: AMR) reported that it lost $325 million in the first quarter as fuel charges rose $665 million over the same period last year. AMR also disclosed that it has reached a definitive…
New comScore data shows that the number of videos viewed online moved up 66% in February compared with the same month last year. US internet users viewed over 10 billion videos for the most…
Investors should hope that airlines will do what they can to keep business. Northwest Airlines (NYSE: NWA) seems to want to do the opposite. I tried to get a ticket for my son to…
There was a significant agreement out of Canada between it and China, via Canpotex (Canadian Potash Exporters). Canpotex is the world’s largest exporter of potash. Canpotex announced potash price increases between Canpotex and Sinofert…
BlackRock, Inc. (NYSE: BLK) posted a 25% gain in earnings, but reported $1.90 EPS versus $2.00 estimates; Assets under management are now $1.364 Trillion. Shares are trading down by 2% pre-market. JPMorgan Chase (NYSE:…