Kohl’s Corp. (NYSE: KSS) opened higher this morning after the company posted a better-than-expected second-quarter profit as cost cutting offset weak sales. The retailer said its quarterly profit totaled $240 million, or…
News Corp. (NASDAQ: NWS) takes a $2.85 billion write-down, mostly on its publishing properties, as it prepares to spin them off. (Reuters) Standard Chartered pushes back on allegations about money laundering, portraying…
The three major US stock indexes opened lower this morning following on softness in European markets and a mixed close in the Asian markets. There has been little data for investors to…
Macy’s Inc. (NYSE: M) reported second-quarter adjusted earnings per share (EPS) of $0.67 and $6.12 billion in revenue before markets opened today. EPS for the same period a year ago came to…
Paul Ausick The three major US stock indexes opened higher this morning on a report from Europe that German chancellor Angela Merkel now backs bond buying by the European Central Bank.Even a larger-than-expected drop…
Knight Capital Group Inc. (NYSE: KCG) raises $400 million. (CNBC) HTC reports that sales of its smartphones fell 45% year-over-year. (Reuters) The New York State Department of Financial Services apparently is investigating…
The jobs situation may have been weak enough to spur Fed action. (Reuters) As Facebook Inc. (NASDAQ: FB) shares fall, insiders will be able to sell shares. (Reuters) GlaxoSmithKline PLC (NYSE: GSK)…
Many retailers are out today with July same-store sales results, and the month’s gains appear to be better than first expected. The Thomson Reuters consensus estimate for sales growth was 3.1%, but…
wikicommons / SkimstaMany American companies have been lauded for their rapid rise to greatness, a process that sometimes takes less than a decade. These firms become leaders in their industries, are renowned…
When Gallup asked people about the state of the economy this spring, as a recovery appeared to have taken hold, the polling company found “nearly half of Americans, 46%, still say the…
Subject: America’s Biggest Advertisers The 10 largest advertisers in the United States spent $26.2 billion in 2011, according to Advertising Age, an advertising trade publication. While the number is huge, it looks…
Martha Stewart Living Omnivision’s (NYSE: MSO) new CEO, Lisa Gersh, was  given a restricted stock unit award last week in respect of 64,395 shares of MSLO Class A Common Stock. The corporation announced: In making…
Douglas A. McIntyre 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…
It must be nice to be a founder. Despite a horrible performance, both financially and for shareholders, Martha Stewart was given a contract extension to act as founder and chief creative officer through June…
Douglas A. McIntyre Retail sales growth in June were expected to be weak compared with sales a year ago, and the predictions came true. Sales growth last June was a tough comparison because sales in…
