July 8, 2013: U.S. equity markets opened higher this morning following a long holiday weekend interrupted by Friday’s report on jobs and the unemployment rate. In Europe, the troika of the EC,…
July 3, 2013: U.S. equity markets opened lower this morning anticipating a blizzard of economic data out of the U.S. Mortgage purchase applications were first out, and down sharply from a week…
July 2, 2013: U.S. equity markets opened a bit lower this morning following yet another ultimatum to Greece to prove that it can pay up or else no more loans. There was…
ThinkstockZynga Inc. (NASDAQ: ZNGA) has enjoyed a sudden new interest from traders on news that Don Mattrick has been hired away from the Microsoft Corp. (NASDAQ: MSFT) Interactive unit. The stock enjoyed a…
These are the top analyst upgrades, downgrades and initiations from select Wall Street research calls on Tuesday, July 2, 2013. They include Cheniere Energy, Groupon, Linn Energy and Seagate Technology.
courtesy of ZyngaZynga Inc. (NASDAQ: ZNGA) has more than $1.2 billion in cash it probably will never use — the fruits of its initial public offering (IPO). Unless the game company plans…
July 1, 2013: U.S. equity markets opened higher this morning after a blast of economic data from both Asia and Europe. In China, June manufacturing PMI slid lower. Japan’s economics minister said…
ThinkstockThe HSBC/Markit Purchasing Managers’ Index for China comes in at 52.1 last month, another sign of economic trouble. (Reuters) Toyota Motor Corp. (NYSE: TM) recalls 242,000 hybrids because of brake problems. (Reuters)…
MicrosoftSAC Capital Advisers could lose most of its outside investors by next year. (Reuters) Bank of America Corp. (NYSE: BAC) will struggle in court to get approval of its $8.5 billion settlement…
courtesy of ZyngaThe Zynga Inc. (NASDAQ: ZNGA) workforce reduction, which hit about a fifth of its staff yesterday, could grow considerably if the company’s hopeful forecast of its future turns out to…
Douglas A. McIntyre U.S. equity markets opened higher this morning following a slightly upbeat report on eurozone manufacturing PMI. While not yet in positive territory, eurozone PMI rose as a whole and rose in most…
courtesy of ZyngaShares of Zynga Inc. (NASDAQ: ZNGA) were halted for five minutes this afternoon as the company announced a layoff of about 520 employees that it said would be completed by…
Paul Ausick The 2012 initial public offering of Facebook, Inc. (NASDAQ: FB) was just yet another incident where the immediate reaction and trading shenanigans that took place have worked to destroy investor confidence. Facebook’s…
ThinkstockJamie Dimon picks many of the current directors of the J.P. Morgan Chase & Co. (NYSE: JPM) board. (Reuters) Google Inc. (NASDAQ: GOOG) releases a streaming music service. (Reuters) JANA Partners take…
U.S. equity markets opened slightly lower this morning following a number of data releases related to the U.S. economy. Producer prices declined in April and the New York manufacturing index came in…
