Wall St. had its worst sell-off in two years (Reuters) Regulators have begun to tussle over interpretations of the Dodd-Frank financial reform bill (Reuters) LinkedIn (NYSE: LNK) posted strong earnings and a good forecast…
Around 14 million people in the U.S. are jobless today. Yet, several states — even some that are experiencing economic recoveries — have begun to cut jobless benefits, according to recent data obtained by…
Once patent protection expires on a prescription drug, the drug’s maker can take a serious beating in revenue and profitability. One way to make up for the loss is to get US Food &…
Active traders and day traders have many stocks to choose from this Friday morning. We are tracking news and moves in shares of Dendreon Corporation (NASDAQ: DNDN), Kraft Foods Inc. (NYSE: KFT), Kohl’s Corporation (NYSE: KSS), and Zipcar,…
Newspaper headlines focus on the national unemployment rate. But the effects of joblessness are often very local as towns and cities lose tax revenue and have to care for those out of work. Unemployment…
Costco Wholesale (NASDAQ: COST) is the first retailer to report results each month. Its July numbers were particularly strong. Sales for the four weeks of July were higher by 10%. Wall St. expected that…
Budweiser released a new can. It has been using the old design for ten years. Beer cans don’t sell beer. “Shipments of Budweiser to wholesalers, a measure of sales volume, fell 7.3% last year…
Markets rose yesterday, to some extent on a belief that the Federal Reserve would try to boost the economy through a third round of quantitative easing. This has become known as QE3, a reprise…
Hitachi and Mitsubishi may merge (Reuters) Japan intervened in the yen (Reuters) Spain will offer bonds and the European Central Bank meets to examine option to help the country’s debt problems (Reuters) The U.S.…
The markets have been roiled recently by the debt ceiling debate, the potential debt downgrade of the U.S., and the likely new recession that will come from the austerity measures. For now, the U.S.’s…
When the debt-ceiling crisis of 2011 finally became history, most Americans were extremely relieved to know that the United States would not have to default on its obligations. The armed forces at home and…
While the debate over raising the US debt ceiling grabbed all the headlines for the past week or so, US equity markets have been facing other headwinds that haven’t lightened since the deal was…
It looked like Dunkin’ Brands Group, Inc. (NASDAQ: DNKN) was off to a great start following its IPO last week. Shares soared 50% from the offering price as investors piled in. But a stellar…
Smartphone maker Research in Motion Ltd. (NASDAQ: RIMM) has released five new phones this morning, including one, gasp, that does not have a keyboard. While shares are getting a bounce pre-market, this announcement is…
Judging by the earnings reports out this morning from some of America’s largest media companies, US consumers are soaking up more entertainment than ever and they’re willing to pay for it. Media heavyweights CBS…
Yahoo! Finance: Private sector added 114,000 jobs in July http://yhoo.it/o19CLBY Yahoo! Finance: MasterCard posts 33 percent 2Q profit increase http://yhoo.it/mRgmIz $MA Reuters Biz: Private sector added 114,000 jobs in July: ADP http://reut.rs/nOAVqh Reuters…
Active traders and day traders have many stocks to choose from this Wednesday morning. We are tracking news and moves in shares of Comcast Corporation (NASDAQ: CMCSA), Hertz Corporation (NYSE: HTZ), Nokia Corporation (NYSE: NOK), Research in Motion…
As if the coffin that is the American economy needed one more nail, a research firm says July lay-offs rose 60%. Challenger Gray reports A sudden and unexpected burst in private-sector downsizing pushed the…
The OECD reports that inflation among its members slowed a very small amount in June. The agency’s Consumer Price Index report showed that “Compared to the previous month, consumer prices in the OECD area…
Honda (NYSE: HMC) and Toyota (NYSE: TM) had horrible domestic sales in the U.S. in July, mostly because of parts shortages caused by the Japanese earthquake. GM (NYSE: GM) barely hit forecasts, and Ford…