lululemon athletica Inc. (NASDAQ:LULU) has been quite a performer based on its recent IPO performance. The indicated range was $15.00 to $17.00, but the company sold 18.2 million shares at $18.00 per share. Since…
The Boston Stock Exchange (The "BSE") has announced that it has discontinued the operations of the Boston Equities Exchange ("BeX"), whch is the exchange’s electronic stock exchange launched in August 2005. The BSE claims…
Apple Inc. (NASDAQ:AAPL) is trading up marginally ahead of the technology analyst and press conference in San Francisco, but the stock is currently back within about $4.50 of its all-time highs. What is being…
Drug developer AtheroGenics (AGIX) said Wednesday its failed heart-drug candidate showed signs it may be effective as an oral anti-diabetic drug The company is currently recruiting patients for a Phase III clinical trial on…
From Silicon Alley Insider Oppenheimer analyst Sandeep Aggarwal has weighed in on the mortgage-impact-on-online-advertising debate with a careful, lengthy analysis. Despite cutting estimates on Google (GOOG), Yahoo (YHOO), and other Internet leaders, Aggarwal remains…
Cognos Inc. (COGN) and Applix Inc. (APLX) have announced a definitive agreement for Cognos to acquire Applix in a cash acquisition valued at $17.87 per share. This equates to $339 million, or about $306…
Challenger, Gray & Christmas says that announced lay-offs rose 85% from July and August, driven by job cuts in the financial and mortgage brokerage industries. Financial job cuts totaled 35,752 in August, the highest…
BA started as Hold at Deutsche Bank.BP raised to Outperform at Sanford Bernstein.BRKL cut to Mkt Perform at FBR.CHKP raised to Outperform at FBR.CPHD cut to Neutral at UBS.CS cut to Equal Weight at…
A recent survey showed that home improvement customers like Lowe’s (LOW) better than Home Depot (HD) when it comes to including product selection and customer service, according to the Dow Jones News Service. The…
Credit Suisse is bullish on Motorola (MOT). It believes that the RAZR2 will do well and that the company could pick up market share beginning in Q4. The call seems to carry a lot…
GM (GM) says it will sell a million cars in China this year. According to Reuters, the Chinese market will buy 8.5 million new cars this year, putting GM’s share at 12%. The big…
A Federal appeals court opened the door for Broadcom (BRCM) to press antitrust legal action against its larger rival Qualcomm (QCOM). The move is another set-back for Qualcomm which is in disputes with several…
Lenders should "review to determine the full extent of their authority to identify borrowers at risk of default" and find a way to keep the borrower in a home, the regulatory bodies said in…
Markets in Europe were off slightly at 6.10 AM New York time. The FTSE fell .3% to 6,359. HSBC (HBC) fell .9% 890. Tesco was off 1.4% 430.75. The Daxx dropped .4% to 7,689.…
Patients who swtich from Pfizer’s (PFE) monster selling drug cholesterol pill Lipitor to Merck’s (MRK) Zocor, now available in generic form are more likely to have a heart attack or die. According to Reuters:…
AMD (AMD) lost it chief sales and marketing officer two weeks ago. Yesterday, its senior vice president of world-wide sales hit the bricks. AMD shares have moved up recently on several positive comments from…
CostCo (COST) same-store sales rose only 2% during the last month. Comparable sales for the four-week retail-reporting month of August, the 16-week fourth quarter and the 52-week fiscal year 2007 are as follows: …
Microsoft (MSFT) launches its Silverlight rich media development software this week. It will compete directly with Adobe (ADBE) Flash. The Flash player sits on over 700 million PCs and a number of consumer electronics…
According to Reuters, Mattel (MAT) recalled another 800,000 toys made in China due to high levels of lead paint. Reuters writes that Intel (INTC) will respond to regulator’s questions about its joint venture with…
Markets in Asia were mixed. The Nikkei fell 1.6% to 16,156. Japan Tobacco fell 2.1% to 615000. KDDI fell 2.4% to 842000. NEC (NIPNY) rose 1.4% to 560. Sony (SNE) rose 2.3% to 5750.…