The number of shares Facebook will sell rose 25% and the company could raise as much as $16 billion. (Reuters) Greeks take hundreds of millions of dollars out of banks there and…
Two of the three major US stock indexes opened higher this morning as investors reacted to the news from Greece that no government could be formed and that a second election will…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Tuesday. AAR Corporation (NYSE: AIR) named Bear of the Day at Zacks. AGCO Corporation…
Shutterfly, Inc. (NASDAQ: SFLY) gets a bash whenever there is news that another player is going to come more into the cloud photo services. Reports that Apple Inc. (NASDAQ: AAPL) is expanding…
It is a trend in the consumer electronics business — manufacturers rise to become industry leaders only to be outshone by the competition as high-priced gadgets quickly become commodities. Based on recent…
Sears (NASDAQ: SHLD), Overstock (NASDAQ: OSTK), and Abercrombie & Fitch (NYSE: ANF) are not particularly well-regarded as brands or particularly well-liked by Wall St. Perhaps coincidentally, each shows up near the bottom…
The GAO says the government could make $15.1 billion on its AIG (NYSE: AIG) bailout investment. (Reuters) Facebook CEO Mark Zuckerberg begins the company’s IPO road show. (Reuters) Comscore says people spent…
Netflix Inc. (NASDAQ: NFLX) could be about to lose its exclusive right to carry content from the Epix channel, owned by Viacom Inc. (NASDAQ: VIAB). The cable channel’s CEO indicated that such…
International Data Corp. (IDC) this morning released data on first quarter 2012 shipments of media tablets. These include the iPad from Apple Inc. (NASDAQ: AAPL) and tablets that use the Android platform…
Sotheby’s (NYSE: BID) is almost magically trading lower this morning on a sell-the-news reaction after the auction house (and oldest listed company on the NYSE) posted a record auction price of $119.9 million…
The European Central Bank will not act to help growth in the region, but it will seek solutions to Spain’s problems. (Reuters) Nokia (NYSE: NOK) promises to build new handsets to stimulate…
Internet retailer Amazon.com Inc. (NASDAQ: AMZN) has announced that it plans to expand its offerings of original programming to include comedy shows and kids programming, in addition to its existing 15 shows…
Retailing giant Target Corp. (NYSE: TGT) will discontinue selling the Kindle family of tablets and e-readers by this summer. The Kindle devices are made by Amazon.com Inc. (NASDAQ: AMZN), and include the…
It is not unusual for large American public companies to be controlled by a founder, a founding family or a corporation that bought out the large majority of shareholders at some time…
Several CEOs and founders of well-known American companies have complete control over their companies. Through voting power, they control the boards and strategic decisions of these corporations. The best current example is…
