Many retailers will be reporting March same-store sales later this week, and the outlook is not pretty. According to research firm Retail Metrics, same-store sales will rise just 1.6% year-over-year in March.…
Frank Golhen, via Wikimedia CommonsThe research team at Bank of America Corp.’s (NYSE: BAC) Merrill Lynch is out looking for the market strength to continue. Keep in mind that this is not…
courtesy of AOL, IncThe Bank of Japan will increase government bond buying in an effort to end deflation. (Reuters) Delta Air Lines Inc. (NYSE: DAL) sues the Export-Import Bank over support it…
courtesy of AOL, IncGlencore says it will delay its deal to buy Xstrata while China reviews the marriage. (Reuters) NASDAQ OMX Group Inc. (NASDAQ: NDAQ) buys eSpeed for $750 million. (Reuters) Apple…
ThinkstockToys”R”Us, battered by the same problems that have beset Barnes & Noble Inc. (NYSE: BKS) and Best Buy Co. Inc. (NYSE: BBY), has pulled its initial public offer in at statement filed…
ThinkstockChina has alienated U.S. companies and the federal government by what is clearly the hacking of American-based websites from inside the borders of the People’s Republic. The exact location of the hacking…
ThinkstockRoyal Dutch Shell PLC (NYSE: RDS-A) must face an investigation over its drilling activities in Alaska. (Reuters) Chesapeake Energy Corp.’s (NYSE: CHK) CEO search will go beyond a deadline set for the…
courtesy of Wal-Mart Stores Inc.Wal-Mart Stores Inc. (NYSE: WMT) owned up to the fact that investigations into bribery allegations, particularly in Mexico, could cost it a great deal of money. In its…
Douglas A. McIntyre Brian Solis, via Wikimedia CommonsJ.C. Penney Flip-Flop J.C. Penney Co. Inc.’s (NYSE: JCP) CEO Ron Johnson is either lowering prices on much of the troubled retailer’s store inventory or raising those prices…
courtesy of NetflixA Fed study says China growth will slow in 2030. (Reuters) Citigroup Inc. (NYSE: C) may cuts its cash position to $35 billion to redeem expensive debt. (Reuters) Battery problems…
Typically, large Wall St. firms suggest a broad asset allocation portfolio for their clients. Within the portfolio, they use a designated weighting for each stock that makes the cut. For the individual…
ThinkstockThe Employee Benefit Research Institute released a study that shows what almost everyone already knows. Americans have too little money to retire, and they know it. The solution is not quite as clear…
ThinkstockThere has been a bruising battle over how much America’s largest corporations should pay in taxes, especially as the size of the federal budget deficit grows. While on paper the federal corporate…
Jon OggThese are some of the top analyst upgrades, downgrades and reiterations seen by 24/7 Wall St. from the key Wall St. research calls this Wednesday. Boeing Co. (NYSE: BA) reiterated Buy with…
ThinkstockCostco Wholesale Corp. (NASDAQ: COST) reported second-quarter fiscal 2013 results before markets opened this morning. The warehouse club retailer reported diluted earnings per share (EPS) of $1.24 on revenues of $24.34 billion.…
