U.S. equity markets opened lower this morning as overnight trading in gold saw the beginnings of the biggest one-day drop in the yellow metal’s price in 30 years (more coverage here). Markets…
courtesy of YouTubeJ.C. Penney Co. Inc.’s (NYSE: JCP) board faces criticism for firing CEO Ron Johnson and replacing him with the predecessor who cause some of the retailer’s problems. (Reuters) Ford Motor…
courtesy of Facebook Inc.BlackRock Inc. (NYSE: BLK) will lay off 300 people. (Reuters) Electronics Arts Inc. (NASDAQ: EA) chief executive departs as the firm missed earnings. (Reuters) Intel Corp. (NASDAQ: INTC) ramps…
ThinkstockThe U.S. banking sector is looking better in 2013 than it did in 2012, 2011 and so on. Balance sheets, credit metrics and underlying asset values continue to recover. Still, the recession…
thinkstockJapan eased safety regulations on the Boeing Co. (NYSE: BA) 787 Dreamliner in 2008. (Reuters) The Apple Inc. (NASDAQ: AAPL) iPhone is not selling well in some of Asia’s affluent cities, including…
flickr / gsfcTwitter is worth $9 billion, based on reports that BlackRock Inc. (NYSE: BLK) is willing to buy $80 million of stock in the short message social network at that astronomical…
U.S. equity markets opened higher this morning following the report that new claims for unemployment benefits had fallen by 37,000 to a level not seen since 2008 (more coverage here). The government…
U.S. equity markets opened mixed this morning with the Nasdaq Composite slightly higher, while the DJIA and the S&P 500 were lower. Earnings from several U.S. financial institutions were due today and…
ThinkstockWith banks having been the best DJIA sector in 2012, the outlook versus the valuation has started to play a game of catch-up as we are getting deeper into earnings season this…
U.S. equity markets opened flat to higher again this morning following the third revision to U.S. GDP growth in the third quarter and the report on new claims for unemployment benefits (more…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Thursday. Abbott Laboratories (NYSE: ABT) started as Outperform at William Blair. BlackRock Inc.…
thinkstockThe Bank of Japan begins new stimulus, pressed by an administration just voted into office. (Reuters) IntercontinentalExchange Inc. (NYSE: ICE) may buy NYSE Euronext Inc. (NYSE: NYX). (Reuters) Kodak sells $525 million…
The three major U.S. stock indexes opened lower this morning, and never really got untracked all day. Spanish 10-year bond yields fell 28 basis points to around 5.51%, while Spain again demurred…
The three major U.S. stock indexes opened higher this morning following a report that economic sentiment in Germany came in better than expected (more coverage here) and that U.K. inflation was lower…
The U.S. wireless market will continue to be dominated by AT&T Inc. (NYSE: T) and Verizon Wireless despite Softbank’s 70% investment in Sprint Nextel Corp. (NYSE: S). (Reuters) Starbucks Corp. (NASDAQ: SBUX)…
