U.S. foreclosures rise for the second straight month. (Reuters) Twitter’s ad business may have hurt new product development. (Reuters) Peugeot will cut 8,000 jobs. (WSJ) SUPERVALU (NYSE: SVU) puts itself up for…
The three major US stock indexes opened slightly lower this morning ahead of the release later today of the minutes of the last FOMC meeting. Asian markets were mixed overnight and markets…
Home electronics giant Best Buy Co. Inc. (NYSE: BBY) has seen its shares plunge today following an earnings warning from much smaller rival hhgregg, Inc. (NYSE: HGG). The Indianapolis-based retailer, which operates…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Wednesday. Alcoa Inc. (NYSE: AA) Cut to Underperform at BMO Capital Markets. Alkermes,…
There are more rumors — or news, based on the credibility of the reports — that Amazon.com (NASDAQ: AMZN) has signed up suppliers in Asia to build a smartphone. The device would…
Spain has decided the only way to tackle its budget deficit is via extremely sharp expense cuts coupled with a more modest move to increase taxes. Prime Minister Mariano Rajoy says his government will…
Italy may turn to the eurozone as it weighs options for its debt. (Reuters) AMR, still in Chapter 11, will consider mergers with other airlines, which could include US Airways (NYSE: LCC), JetBlue (NASDAQ:…
The world’s largest companies have never had a reputation for showering investors with information about their financial situations and operations. The rules that might make them do so are too lax. Government authorities…
Some wireless companies oppose the use of their networks as a means to make political contributions. (Reuters) Chinese inflation falls as the nation’s economy cools. (Reuters) The push to put together a European…
Mortgage bank Countrywide used its VIP loan program to influence Congress. (Reuters) The search for a CEO for Yahoo! (NASDAQ: YHOO) narrows to interim chief Ross Levinsohn and Jason Kilar of Hulu.…
Bloomberg reports that Amazon.com (NASDAQ: AMZN) may launch a smartphone, which would mean the world’s largest e-commerce company would join the mobile phone sector just after Microsoft (NASDAQ: MSFT) and Google (NASDAQ: GOOG)…
As of late last week we had many potentially imminent buyouts that could have hit the market. When we were just finishing the report draft on Friday is when the Amylin Pharmaceuticals,…
Apple (NASDAQ: AAPL) pays $60 million to settle a trademark dispute in China. (Reuters) Factory orders in both Japan and China fall in June. (Reuters) Barclays (NYSE: BCS) Chairman Marcus Agius quits…
EU leaders set a tentative plan to recapitalize troubled banks directly with funds meant to be loaned for sovereign bailouts. (Reuters) Stockton, Calif., files for bankruptcy. (Reuters) Research In Motion (NASDAQ: RIMM)…
If Google (NASDAQ: GOOG) is fortunate, its new Nexus 7 tablet will be like a Chrysler automobile. The device is up against Apple (NASDAQ: AAPL), with its General Motors (NYSE: GM) type…
