Gap (NYSE: GPS) announced earnings of $.38, down 21% from the same quarter last year. The period ended October 29. Net sales for the third quarter of fiscal year 2011, which ended October 29,…
Nike (NYSE: NKE) raised its dividend 16%. The Board of Directors declared a quarterly cash dividend of $0.36 per share on the company’s outstanding Class A and Class B Common Stock. The $0.36 quarterly dividend,…
Barron’s reports that Amazon (NASADQ: AMZN) may launch a smartphone in late 2012. The magazine quotes research firm Citigroup investments “We believe FIH is now jointly developing the phone with Amazon. However, we believe…
The turnaround efforts of new Sears Holdings (NASDAQ: SHLD) CEO Lou D’Ambrosio have died almost before they started. Sears reported especially poor earnings for the quarter that ended October 31. The figures show that the…
As UBS (NYSE: UBS) tries to recovery from trading losses and cost at its investment back, management has decided to sharply cut the number of workers, particularly in its investment bank operations The company disclosed…
MarketWatch reports that the Mortgage Bankers Association said “The foreclosure-start rate rose to 1.08% of all mortgages for one- to four-unit residential properties in the third quarter, up from 0.96% in the second quarter,…
NetApp (NASDAQ: NTAP) fell over 10% on a poor quarterly forecast according to MarketWatch. Pacific Ethanol (NASDAQ: PEIX) announced that it has retired in full its $35.0 million senior convertible notes on November 15, 2011…
Concerns about the price of oil have returned after a summer in which both crude and gasoline prices fell. Slow production from OPEC nations is not to blame. Libyan production is actually higher now…
MarketWatch report’s that Richard Branson’s Virgin Money has bought troubled financial firm Northern Rock for $1.8 billion. “The sale of Northern Rock to Virgin Money is an important first step in getting the British…
The Obama administration has begun to push the car industry to double the average MPG each company’s fleet gets by 2025. That would push the number to 54.5 MPG, a figure unimaginable based on…
One beneficiary, and there are few, of a spike in the price of crude is the large oil companies, including their shareholders. The share price of Exxon Mobil (NYSE: XOM) is up by 6%…
The World Gold Council reports that gold demand jumped in the third quarter. The buying did not push prices to record levels regularly during that period. That price moderation probably caused demand to rise in nearly every sector, including…
The super committee makes no significant decisions on the budget deficit. (Reuters) The largest shareholder in Olympus cuts its position. (Reuters) Google (NASDAQ: GOOG) launches its new music service. (Reuters) Germany and France disagree…
Comscore data on visits to US web properties in October put Google (NASDAQ: GOOG) sites in first place with 186.7 million unique visitors. Yahoo! (NASDAQ: YHOO) sites followed with 173.8 million. Microsoft (NASDAQ: MSFT) sites were third…
Updated throughout the day Olympus will take legal action against several executives involved in a frauds discovered recently (Reuters) The securities division of Citigroup (NYSE: C) will cut 900 people. Douglas A. McIntyre
The Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.1 percent in October on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all…
BMW said its expects double-digit percentage growth in the U.S. in 2012. And Cadillac says it will launch two new models to compete with BMW next year. Both brands have had sales improvements this…
A research group from Stanford has just issued a new study called “Residential Segregation of Families by Income: 1970 – 2009.” The cities with the highest level of income segregation are familiar. They are also…
“Sell crazy someplace else; we’re all stocked up here,” says Jack Nicholson in 1997’s As Good as It Gets. There was a point, not so many years ago, when Prozac did not exist, and…
So little is left of Eastman Kodak (NYSE: EK), at least in terms of common equity value, that the board should let shareholders do what they can to salvage what remains of their investments.…