May 20 in Ratings, Salesforce.com | 0 Comment(s)
Salesforce.com reports April quarter results ahead of the estimates, supported by favorable forex effects. The company is expected to witness robust sales growth going forward.
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May 20 in Ratings, Gulfmark | 0 Comment(s)
Gulfmark upgraded based on valuation. The company’s long term growth prospects remain solid, given health free cash flow generation. Estimates reduced.
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May 20 in Ratings, Tidewater | 0 Comment(s)
Tidewater posts March quarter EPS short of the estimates. Long term growth appears solid due to the arrival of new vessels. Modest upside exists.
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May 20 in Ratings, Hibbett Sports | 0 Comment(s)
Hibbett Sports posts Q1 results ahead of the expectations. Post solid comp growth despite weak results from peers. Target price and estimates raised.
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May 20 in Ratings, Foot Locker | 0 Comment(s)
Foot Locker downgraded based on valuation. The company beats Q1 expectations. Target price and estimates raised.
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May 20 in Ratings, Recordati | 0 Comment(s)
The valuation of Recordati’s stock would go up once the company announces the launch of its new products. Margins and cash flows remain strong. Expected to pursue an acquisition that can be a trigger.
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May 20 in Ratings, Dragerwerk | 0 Comment(s)
Dragerwerk to grow ahead of the market in the medium term. The stock is still undervalued despite the rally. Estimates and target price raised.
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May 20 in Ratings, Invensys | 0 Comment(s)
Invensys reports its FY11 results broadly in line with expectations. The issue of pension funds remains. The value of Invensys would be unlocked once the pension fund issues are solved.
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May 20 in Ratings, Aurubis | 0 Comment(s)
Aurubis reports strong results for 2Q10/11, with a significant turnaround in cash flows. External sales and operating income were strong. Target price and estimates raised.
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May 20 in Ratings, Alkermes | 0 Comment(s)
Alkermes reports its Q4 results marginally short of expectations. The company expects widened R&D expenses on a standalone basis. Target price raised.
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May 19 in Ratings, GameStop | 0 Comment(s)
NEW YORK, May 19 (stocksbuynow.com) – Analyst Michael Souers of Standard & Poor’s Equity Research maintains his BUY rating on GameStop, while adjusting his estimates for the company. The target price has been raised from $28 to $31.
In a research note published this morning, the analyst mentions that the company reported its April quarter results marginally ahead of the estimates and the consensus. GameStop’s comp-store sales grew 5.3% due to the strength in downloadable content and new hardware, Standard & Poor’s Equity Research says. The analyst expresses his optimism regarding the company’s long term outlook. GameStop’s stock is attractively valued at present, Standard & Poor’s Equity Research adds. The EPS estimate for FY12 has been reduced from $1.90 to $2.86 to reflect the company’s strategic investments in digital gaming. The EPS estimate for FY13 has been raised from $3.00 to $3.06.
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May 19 in Ratings, Dollar Tree | 0 Comment(s)
NEW YORK, May 19 (stocksbuynow.com) – Analyst Jason Asaeda of Standard & Poor’s Equity Research upgrades Dollar Tree (DLTR: NASDAQ) from HOLD To BUY, while raising his estimates for the company. The target price has been raised from $55 to $72.
In a research note published this morning, the analyst mentions that the company reported its April quarter results ahead of the estimates, driven by a robust 7.1% comp growth. Dollar Tree is likely to have been gaining market share due to successful execution of value merchandising strategy and ongoing expansion activities, the analyst says. Moreover, the company is managing cost pressures and expenses effectively to drive margin expansion, Standard & Poor’s Equity Research adds. The EPS estimate for FY12 has been raised from $3.75 to $3.90.
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Standard & Poor’s Equity Research expects a near term boost for Philip Morris International due to better profits from Japan and favorable foreign exchange effects.
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May 19 in Ratings, CA Immo Anlagen | 0 Comment(s)
CA Immo Anlagen is expected to post strong results for 1Q11, driven by the recent integration of Europolis. The company is well positioned to capitalize on the ongoing recovery in Eastern European real estate markets.
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May 19 in Ratings, AMAG | 0 Comment(s)
AMAG is one of the niche players in Aluminum industry both in Europe and emerging markets. The company is poised to benefit from the anticipated significant growth in aluminum consumption over the next decade.
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May 19 in Ratings, SABMiller | 0 Comment(s)
SABMiller reports inline results for the full year with strong earnings. The earnings quality is low and the company’s key markets are reaching maturity. Upside potential is capped.
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May 19 in Ratings, Sanofi | 0 Comment(s)
Sanofi upgraded to HOLD as consensus expectations are low at present and 6 Sep Strategic Day and the long term guidance are expected to trigger the stock.
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May 19 in Ratings, HUGO BOSS | 0 Comment(s)
HUGO BOSS’ growth prospects are restricted due to its above industry-average payout ratio and less capital investments. Expected to achieve EUR 2.6 billion in sales by 2015.
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May 18 in Ratings, DELL | 0 Comment(s)
DELL beats street with significantly higher EPS. Margins expand despite higher SG&A costs. Target price and estimates raised
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Diamond Offshore Drlling’s long term cash flow visibility has improved following its contract with Anadarko Petroleum. Target price raised by $5.
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May 18 in Ratings, Logica | 0 Comment(s)
Logica is fairly valued at the upper end of the sector, thus warranting a Hold rating. The growth profile is attractive. Upside exists on M&A speculations.
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Atrium European Real Estate posts Q1 results inline with estimates. EBITDA was however offset by the company’s legal issues with Meini.
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May 18 in Ratings, RHI | 0 Comment(s)
RHI increases self sufficiency in Magnesite, the most important raw material. Estimates reduced to reflect the higher tax charges.
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May 18 in Ratings, Air Berlin | 0 Comment(s)
Air Berlin reports low operating performance for Q1 in terms of yields, unit costs, results and financial gearing. It however confirmed its FY11 EBIT guidance.
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May 18 in Ratings, SBO | 0 Comment(s)
SBO posts Q1 results ahead of the expectations. The company benefits from higher capacity utilization and improving market conditions.
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May 18 in Ratings, ABB | 0 Comment(s)
ABB’s premium to its peers such as Siemens and Schneider is not justified. The company is focusing on using India as an export hub for certain categories.
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May 18 in Siemens | 0 Comment(s)
Siemens is focusing on organic growth as it is not finding a acquisition target at reasonable multiples. The company is confident about meeting its medium term targets.
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May 18 in Musgrove Minerals | 0 Comment(s)
The Vancouver based Musgrove Minerals Corp is a mining and exploration company engaged in the acquisition, exploration, development and operation of advanced stage projects in North America.
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May 17 in Sycamore Networks | 0 Comment(s)
Sycamore Networks expected to benefit significantly from the proliferation of data intensive consumer mobile devices.
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May 17 in Saks | 0 Comment(s)
Upgrade in rating based on valuation, target price raised
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May 17 in TJX Companies | 0 Comment(s)
Downgrade based on valuation, estimates and target price maintained
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May 17 in HJ Heinz | 0 Comment(s)
HJ Heinz acquires 80% stake in a Brazilian food company strengthening its presence in emerging markets.
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May 17 in Hewlett Packard | 0 Comment(s)
HPQ target price, estimates and ratings downgraded. Margin pressure expected.
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PGM Resource in Sudbury and Gold and Polymetallic Projects With Resource in Quebec and BC
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Vienna International Airport to report Q1 results on May 26 with 5.6% revenue growth and 22.3% operating profitability.
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May 17 in Schneider | 0 Comment(s)
Schneider to focus on organic growth and does not see any major acquisitions at this stage.
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May 17 in Lanxess | 0 Comment(s)
Lanxess stock lacks short term trigger, as the investors becoming defensive on declining commodity prices and rising macro environment risks.
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May 17 in Philips | 0 Comment(s)
Philips’ new CEO is working on revamping the company’s products and services through accountability and a sense of entrepreneurship. He will actively consider a share repurchase program.
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May 16 in NYSE Euronext | 0 Comment(s)
Nasdaq OMX and Intercontinental Exchange are withdrawing their acquisition bid for NYSE Euronext following discussions with regulators in the US.
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May 16 in YAHOO | 0 Comment(s)
Yahoo and Alibaba indicate both are working on to quickly resolve issues related to Alipay.
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May 16 in Merck & Co | 0 Comment(s)
Merck gets FDA approval for hepatitis C drug, Victrelis. Target price raised
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May 16 in AMR | 0 Comment(s)
Lower operating losses arising out of sharp decline in oil prices lead to the upgrade in AMR’s rating.
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May 16 in WebMD | 0 Comment(s)
WebMD Health’s stock fell 19% over the past two weeks and the current valuation requires rerating.
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May 13 in Ratings, Fifth Third Bancorp | 0 Comment(s)
Target price lowered to $14, number of negative catalysts trigger such a response
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May 13 in Ratings, DILLARD | 0 Comment(s)
Target price raised to $55, inventory management and repurchase bring improvements.
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May 13 in Ratings, ADSS OF HONDA MOTOR | 0 Comment(s)
Target price set at $45, expects the recovery of volume this year
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May 13 in Bancorpsouth | 0 Comment(s)
Target price at $14, many potential negatives
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May 13 in Ratings, XEROX | 0 Comment(s)
Target price reduced to $14, less bullish view of Xerox's prospects
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May 13 in Ratings, Brembo | 0 Comment(s)
Target price raised to EUR 9.30, Q1 reports ahead of estimates
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May 13 in Ratings, Indra Sistemas | 0 Comment(s)
Target price raised to EUR 11.50, 1Q11 reports ahead of estimates
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May 13 in Ratings, Palfinger | 0 Comment(s)
Target price set at EUR 31, 1Q11 results ahead of estimates
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May 13 in Ratings, Repsol | 0 Comment(s)
Target price set at EUR 28, 1Q11 reports ahead of the estimates
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May 13 in Ratings, Maire Tecnimont | 0 Comment(s)
Target price reduced to EUR 2.50, Q1 results short of estimates
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May 12 in Ratings, CISCO SYSTEMS | 0 Comment(s)
Target price reduced to $19, Switching demands deteriorating fast
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May 12 in Ratings, KOHL | 0 Comment(s)
Target price raised to $4.40, Apr-Q EPS meets the estimates
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May 12 in Ratings, GOLDMAN SACHS | 0 Comment(s)
target price reduced to $156, risk of material lawsuits
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May 12 in Ratings, YAHOO | 0 Comment(s)
Risk reward construct revised, Yahoo interest less without Alipay.
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May 12 in Ratings, TIM HORTONS | 0 Comment(s)
Target price reduced to $43, Q1 results below the estimates
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May 12 in Ratings, Mayr Melnhof | 0 Comment(s)
Target price set at EUR 90, Q1 results ahead of estimates, prospects of higher demand and sale prices
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May 12 in Ratings, Campari | 0 Comment(s)
Target price set at EUR 6, Q1 reports significantly ahead of estimates,operational leverage affected
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May 12 in Ratings, Nordex SE | 0 Comment(s)
Target price reduced to EUR 6, orders double up, company regaining form
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May 12 in Ratings, OMV | 0 Comment(s)
Target price set at EUR 35, 1Q11 ahead of estimates, oil price increase a factor as well
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May 12 in Ratings, Fraport | 0 Comment(s)
Target price set at EUR 55, Q1 reports inline with the estimates
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May 11 in Ratings, Kelly Services | 0 Comment(s)
Target price set at $29, Q1 EPS lower than estimates
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May 11 in Ratings, Walt Disney Company | 0 Comment(s)
Target price set at $50, Mar-Q EPS lower than estimates
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May 11 in Ratings, Google | 0 Comment(s)
Continues to offer tremendous opportunities, strong purse
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May 11 in Ratings, MACY | 0 Comment(s)
Target price raised to $30, Apr-Q EPS beats the estimates, contemporary wear looks promising
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May 11 in Ratings, EMC | 0 Comment(s)
Target price set at $31, solid Q1 results, revenue rises 18%.
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May 11 in Ratings, Freenet | 0 Comment(s)
Target price set at EUR 11, Q1 reports ahead of estimates
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May 11 in Ratings, BG Group | 0 Comment(s)
Target price reduced to GBP 1800, civil unrest, flooding and adverse product mix affecting the performance
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May 11 in Ratings, SAF HOLLAND | 0 Comment(s)
Target price raised to EUR 12, capital increases in March helps company balance sheets
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May 11 in Ratings, Carlsberg Breweries | 0 Comment(s)
Target price set at DKK 650, Q1 reports inline with estimates
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May 11 in Ratings, SKF | 0 Comment(s)
Target price set at SEK 215,growth prospects of SKF high
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May 10 in Ratings, Microsoft | 0 Comment(s)
Latest acquisition by Microsoft of Skype a big factor, Microsoft looking to leverage it for its multiple platforms
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Target price set at $34, acquisition bid withdrawn
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May 10 in Ratings, eBay | 0 Comment(s)
eBay higher in premarket trading, change of CEO might put the offering off
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May 10 in Ratings, Warner Music Group | 0 Comment(s)
Target price set at $8.50, stability in worldwide music sales expected
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May 10 in Ratings, Fossil | 0 Comment(s)
Target price raised to $120, EPS raised as well
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May 10 in Ratings, Wienerberger | 0 Comment(s)
Target price set at EUR 17.10, Q1 revenues and earnings marginally ahead of the estimates
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May 10 in Ratings, AT and S | 0 Comment(s)
Target price set at EUR 20.90, FY 10/11 results inline
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May 10 in Ratings, REALTECH | 0 Comment(s)
Target price set at EUR 11.80, Q1 results inline with pre-announcement
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May 10 in Ratings, MAN SE | 0 Comment(s)
Target price set at EUR 115, acquisition bid made by Volkswagen
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May 10 in Ratings, SABMiller | 0 Comment(s)
Target price set at GBP 20, 5% organic sales pre-announced.
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May 09 in Ratings, Dynegy | 0 Comment(s)
Target price set at $5, Q1 losses beat estimates
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May 09 in Ratings, McDonalds | 0 Comment(s)
Target price remains at $83, MCD reports 6% increase in global sales for April.
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May 09 in Ratings, AES Corp | 0 Comment(s)
Target price set at $16, EPS misses the estimates of $0.37
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May 09 in Ratings, Tyson Foods | 0 Comment(s)
Target price reduced to $22 from $20, March quarter short of estimates.
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May 09 in Ratings, Trimble Navigation | 0 Comment(s)
Target price set at $48, acquisition plans to acquire Tekla Corporation
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May 09 in Ratings, BASF SE | 0 Comment(s)
Target price set at EUR 77, 1Q11 inline with the estimates
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May 09 in Ratings, Telecom Italia | 0 Comment(s)
Target price set at EUR 1.15, Q1 reportedly short of estimates
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May 09 in Ratings, GEA Group | 0 Comment(s)
Target price raised, company has pre-announced a 23% order growth.
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May 09 in Ratings, Commerzbank | 0 Comment(s)
Target price set at EUR 4.50, 1Q11 operating results expected well ahead of estimates.
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Target price raised to GBP 1050, EPS growth expected to mid-teen levels in 2012.
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May 06 in Ratings, United Internet | 0 Comment(s)
Target price set at EUR 14.50, healthy results expected for the quarter
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May 06 in Ratings, RHI | 0 Comment(s)
Target price set at EUR 30, company expected to post 18% YoY
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Target price set at $36, prospects of share trading at a discount below peer averages
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May 06 in Ratings, Perkinelmer | 0 Comment(s)
Target price raised to $35, prospects of improved sales and disease screening methods.
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May 06 in Ratings, Priceline.Com | 0 Comment(s)
Target price set at $560, Q1 EPS below the forecast
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May 06 in Ratings, Visa Inc | 0 Comment(s)
Ups the Target price to $90, sales rise ahead of estimates
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May 06 in Ratings, Live Nation | 0 Comment(s)
Target Price maintained at $12 as well, several music evenst now making a comeback after a dull period.
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May 06 in Ratings, Andritz | 0 Comment(s)
STOCK TRIGGERS: New order flow, Corporate actions (acquisitions), Rebound in orders and sales in cyclical areas
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May 06 in Ratings, BWT | 0 Comment(s)
Stock Triggers: Residential construction industry, Greater health and hygiene awareness
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May 06 in Ratings, Osterreichische Post | 0 Comment(s)
Stock Triggers: Faster reduction of personnel, Revival of top line growth, Potential positive EPS surprises
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BUY ratings maintained as Q1 EPS is $0.07 below the estimate.
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May 05 in Ratings, Electronic Arts | 0 Comment(s)
Target price raised to $17, higher marketing costs should offset higher revenues
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May 05 in Ratings, Priceline.Com | 0 Comment(s)
Target price raised to $475, EPS '11 to $15
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May 05 in Ratings, Whole Foods Market | 0 Comment(s)
Target price raised to $73, EPS to $1.90, Square footage growth eminent
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Target price stays at $63, another higher bid unlikely
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May 05 in Ratings, Legrand | 0 Comment(s)
Stock Triggers: Recovery of building markets, margin development, Mergers and Acquisitions, Future share placings (sell-down by KKR and Wendel)
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May 05 in Ratings, Fresenius SE | 0 Comment(s)
Stock Triggers: News on privatization market for German hospitals, Announcement of small/mid sized acquisitions, Investor Day for Kabi in 2012
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May 05 in Ratings, Linde | 0 Comment(s)
STOCK TRIGGERS: Engineering backlog recovery, Recovery of the cylinder business, Small bolt-on acquisitions.
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May 05 in Ratings, Lufthansa | 0 Comment(s)
Stock Triggers: Indications of falling long-haul passenger yields, Fuel price movement and EUR/USD exchange rate, Political disruptions and natural disasters
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May 05 in Ratings, Wienerberger | 0 Comment(s)
Stock Triggers: Potential market recovery in some CEE markets, Bottoming-out in the UK, France and Germany, Easing price pressure in the CEE region
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May 04 in Ratings, Tenneco Stocks | 0 Comment(s)
Target price raised by $12, TEN posts results beating the estimates
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Target price raised by $12, ion implantation products to be complemented by AMAT's chip business.
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May 04 in Ratings, Applied Materials | 0 Comment(s)
Varian Semiconductor acquisition deal seems a positive development for the shares.
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May 04 in Ratings, Las Vegas Sands Corp | 0 Comment(s)
Target price cut down by $7 to $49, Shares miss the projections
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May 04 in Ratings, First Solar | 0 Comment(s)
Target price raised by $11 while '11 EPS cut down by $0.17
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May 04 in Ratings, Fiat | 0 Comment(s)
Stock Triggers: IPO of Chrysler, IPO of Ferrari, Restructuring of Fiat Auto's operations in Europe
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May 04 in Ratings, MAN SE | 0 Comment(s)
Stock Triggers: Bid from VW/Scania, Globalization of business following acquisitions in Brazil and China, Improved execution in Power Plants
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May 04 in Ratings, Sandvik | 0 Comment(s)
Stock Triggers: Structural change (sale of Materials Technology), New CEO (Olof Faxander) and management team, Improved operating efficiency in SMC
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May 04 in Ratings, MTU Aero Engines | 0 Comment(s)
Stock Triggers: Paris Air Show 20 to 24 June, 2Q11 results on 1 August, Oil price and USD/EUR exchange movements
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May 04 in Ratings, Indesit | 0 Comment(s)
Estimates reduced, new target price dropper to EUR 9.70
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May 03 in Ratings, Regeneron Pharma | 0 Comment(s)
Target price trimmed by $2
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May 03 in Ratings, Sirius Xm Radio | 0 Comment(s)
Strong adds and inline metrics
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Target price set at $17.
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May 03 in Ratings, Northrop Grumman | 0 Comment(s)
Target price set at $78 and current 3.1% yield expected.
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May 03 in Ratings, YAHOO | 0 Comment(s)
Asian assets undervalued, Greenlight to motivate Yahoo towards better performance
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May 03 in Ratings, Norsk Hydro | 0 Comment(s)
Target price set at NOK 61, robust results reported
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May 03 in Ratings, Biesse | 0 Comment(s)
Target Price raised to EUR 9 expecting strong Q1 results
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May 03 in Ratings, Stada | 0 Comment(s)
Target price set at EUR 32, a strong Q1 result expected.
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May 03 in Ratings, Siemens | 0 Comment(s)
Target price fixed at EUR 100, Siemens likely to post inline results
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May 03 in Ratings, Campari | 0 Comment(s)
Target Price set at EUR 6, Robust results expected
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Beating estimates, Dish Network gets a strong buy rating.
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Target price remains at $54, acquisition to take the total enterprise cost to $6.8B
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May 02 in Ratings, Tivo Inc | 0 Comment(s)
Target Price kept at $13, settlement cash to empower financial flexibility
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May 02 in Ratings, Humana | 0 Comment(s)
BUY opinion reiterated for Humana stocks, target price retained at $85.
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May 02 in Ratings, Cephalon Inc | 0 Comment(s)
HOLD ratings maintained factoring in the acquisition bids and positive developments for the company. Target price raised to $82.
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May 02 in Ratings, Demag Cranes AG | 0 Comment(s)
Target price estimated at EUR 46, the company looks for strategic alliance with Cinese Weihua
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May 02 in Ratings, KWS SAAT AG | 0 Comment(s)
Upgrades the target price from EUR 165 to EUR 172, Gains expected due to the rise in sugar beet and corn markets.
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May 02 in Ratings, Telecom Italia | 0 Comment(s)
Reduces the Target Price to EUR 1.15, Growth expected through consolidation of Telecom Argentina.
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May 02 in Ratings, Piaggio | 0 Comment(s)
Target price projected at EUR 3.10, Growth in Asian sector offsets other dismal performance and seems to gain a tail wind.
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May 02 in Ratings, Total | 0 Comment(s)
Keeps the Target Price projections at EUR 48, 1Q11 results ahead of estimates
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Apr 29 in Ratings, Research In Motion | 0 Comment(s)
Reduces the 12 month target price by $10 to $65, factoring in the P/E ratio of rolling out new products as well.
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18-0 votes clean sweep at the FDA advisory Panel meet seen as a positive signal to reiterate its BUY rating.
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Downgrades Human Genome Science (HGSI: NASDAQ) from BUY to HOLD while projecting a target price of $34.
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Apr 29 in Ratings, Microsoft | 0 Comment(s)
S&P reiterates its BUY rating for Microsoft and trims the FY 11 EPS forecast.
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Apr 29 in Ratings, Expedia | 0 Comment(s)
Driven by performance in Hotel, international areas and TripAdvisor, Expedia gets a strong BUY valuation by S&P.
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Apr 29 in Ratings, Dassault Systemes | 0 Comment(s)
Valuation reflects the positive report issued by Dassault Systemes confirming its Q1 results ahead of the estimates and the consensus.
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Apr 29 in Ratings, Royal Dutch Shell | 0 Comment(s)
Factoring in the 47% beat at its downstream operations, UniCredit rates a BUY for Royal Dutch Shell
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Apr 29 in Ratings, Bayer | 0 Comment(s)
Bayer continues to stick with BUY rating, Estimates raised by UniCredit
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Apr 29 in Ratings, SAP | 0 Comment(s)
As per UniCredit analysts, SAP continues to be an attractive option for investors.
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Apr 29 in Ratings, Biotest | 0 Comment(s)
Analyst Silke Stegemann reviews the performance and downgrades the ratings from BUY to HOLD.
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Mar 03 in Stock Market News | 0 Comment(s)
After a long medical leave, Apple’s CEO, Steve Job yesterday made a brief appearance at the launch of a sequel to the company's best-selling iPad.
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Mar 03 in Stock Market News | 0 Comment(s)
Refuting yesterday’s Fed Chief’s house committee testimony about continuing of $600 billion stimulus programme Warren Buffett has said that the U.S. economy continued to improve and didn’t need as much government help as it was getting.
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Mar 03 in Stock Market News | 0 Comment(s)
A retail sales report by Spending Pulse says February retail sales are good despite cold weather and high Gas prices.
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Mar 03 in | 0 Comment(s)
Nouriel Roubini, an economist who had forecasted the credit-market collapse now says Middle East unrest could push oil over $140 a barrel.
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Mar 03 in Stock Market News | 0 Comment(s)
The International Air Transport Assn has forecasted that the industry would earn $8.6 billion in 2011 from total revenues of $594 billion, down from the $9.1 billion in profits the trade group had estimated in December.
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Mar 03 in Stock Market News | 0 Comment(s)
The proposed Republican cut in federal spending can cost 200,000 jobs over two years said Federal Reserve Chairman Ben Bernanke on Wednesday. He also told the members of the House Financial Services Committee that it would not cause a big dent to US economic growth.
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Mar 03 in Stock Market News | 0 Comment(s)
The Securities and Exchange Commission has failed to come up with a suitable alternative to credit rating agencies who have failed in their assessment of creditworthiness of many securities, later identified as dud.
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Mar 03 in Stock Market News | 0 Comment(s)
As the protesters seeking democracy grow across the Middle East, the oil prices have climbed to a 29-month high in New York on Wednesday, settling at more than $100 for the first time since September 2008.
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Mar 03 in Stock Market News | 0 Comment(s)
A public offering of $9.67 billion is expected to clear most of American International Group and MetLife’s government debt. The sales of shares which began yesterday went for $43.25 per share.
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Mar 03 in Stock Market News | 0 Comment(s)
A detailed district wise report released by the Federal Reserve has confirmed the countrywide improvement in the labor market conditions driven by rising retail sales and solid growth in manufacturing.
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Mar 03 in Stock Market News | 0 Comment(s)
One has to always bear in mind that money takes it route through possible opportunities. So while investing in stocks, always stay disciplined, exercise your instincts and act judiciously.
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Mar 01 in Stock Market News | 0 Comment(s)
As a part of its strategy to hit back at the merger of NYSE Euronext and Deutsche Börse, Chicago Mercantile Exchange has offered cross-margining between its two flagship futures products in a bid to undermine similar plans by its New York rival.
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Mar 01 in Stock Market News | 0 Comment(s)
Now that the market has risen by 25 percent since Fed Chief Ben Bernanke’s first initiated his stimulus plan six months ago, question is being asked will it last.
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Mar 01 in Stock Market News | 0 Comment(s)
Ponzi scheme fame Bernard Madoff in a series of telephone calls to The New York Times has claimed that he made a lot of money for people. Madoff, who was sentenced to 150 years has defrauded big-time and small-time investors out of $65 billion.
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Mar 01 in Stock Market News | 0 Comment(s)
Matt Rose has become a latest addition in the long list of potential successors of Warren Buffet’s Berkshire Hathaway who may carry his legacy forward. Rose a recent entrant to Berkshire has become one of the three chosen ones after selling Burlington Northern to Buffett.
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Mar 01 in Stock Market News | 0 Comment(s)
After week long fall in oil prices, once again market took upward turn as the authorities in Iran, the second-largest producer in the Organization of Petroleum Exporting Countries, arrested opposition leaders to derail protests scheduled today.
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Mar 01 in Stock Market News | 0 Comment(s)
The innovator in derivatives, Chicago Mercantile Exchange will expand by concentrating on futures and over-the-counter derivatives, “doing what we do well,” Chief Executive Officer Craig Donohue said.
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Mar 01 in Stock Market News | 0 Comment(s)
General Motor’s Chevy Volt has failed to impress the customers as per a Senior Director of Consumer Reports Auto Testing Center. Chevy Volt is an extended-range plug-in car launched last year and had received glowing reviews from many auto critics.
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Mar 01 in Stock Market News | 0 Comment(s)
The major automakers are expected to report 20 per cent higher sales from the levels of a year earlier in February.
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Mar 01 in Stock Market News | 0 Comment(s)
As weather forecasting and climate change become the buzz words of the Go-Green debate, reports suggest that Google Ventures and Vinod Khosla have invested $42 million in a start-up company peddling weather insurance to farmers.
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Mar 01 in Stock Market News | 0 Comment(s)
Noble Energy became the first company after the Gulf of Mexico oil spill to receive deep water drilling permit on a well in Mississippi Canyon Block 519
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Feb 28 in Stock Market News | 0 Comment(s)
The Autodata survey which reports on the development in the automobiles industry projects that sales of new cars rose 11 percent, to around 11.4 million, in 2010 and are off to an even stronger start this year.
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Feb 28 in Stock Market News | 0 Comment(s)
Even as stock and oil market remains unnerved by the developments in the Middle East, Gold futures rose slightly up $2.90, or 0.2%, at $1,412.12 a troy ounce on the Comex division of the New York Mercantile Exchange.
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Feb 28 in Stock Market News | 0 Comment(s)
Chicago-based Groupon has announced plans to start an online group-buying service in China. The biggest coupon website is to lead forays in China as consumers in the world’s fastest-growing major economy increase spending over the Internet.
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Feb 28 in Stock Market News | 0 Comment(s)
Dow futures rose 52 points to 12162, while Standard & Poor's 500-stock futures rose 6 points to 1325 and Nasdaq 100 futures gained 11 points to 2357, all stock futures indices showed remarkable resilience after the lukewarm commerce ministry spending data was released.
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Feb 28 in Stock Market News | 0 Comment(s)
The world’s largest private-equity firm, Blackstone has announced plans to buy Centro Properties Group’s U.S. shopping centers for $9.4 billion.
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Feb 28 in Stock Market News | 0 Comment(s)
According to Commerce Department figures, consumer spending has gone down significantly owing to rise in food and fuel prices in January.
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Feb 28 in Stock Market News | 0 Comment(s)
The International Energy Agency's chief economist says Europe's bill for imported oil could be even bigger this year than it was in 2008 when crude jumped to $147 a barrel, potentially endangering the continent's fragile economic recovery.
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Feb 28 in Stock Market News | 0 Comment(s)
A US survey of top economists says the Federal deficit will jump to $1.4 trillion in the fiscal year ending in September. About 47 economists participated in the survey conducted by the National Association of Business Economics.
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Feb 28 in Stock Market News | 0 Comment(s)
Ventas has announced the plans to buy Nationwide Health Properties for $7.4 billion in stock, forming the biggest health care real estate investment trust in the country.
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Feb 28 in Stock Market News | 0 Comment(s)
After a lot of speculation about who will buy Twitter, now the news is JP Morgan Chase will be taking a minority stake in the rapidly growing micro blogging company.
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Feb 28 in Stock Market News | 0 Comment(s)
Berkshire's chairman and CEO, Warren Buffett has reposed faith in American human potential and the American system. Both he said, remains alive and effective. He expressed these views in an open letter at the company’s AGM yesterday.
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Feb 28 in Stock Market News | 0 Comment(s)
The chief financial officer of Brazilian oil giant Petrobras says oil prices will drop to $70 a barrel when the North African region and the Middle East crisis settles down in coming months.
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Feb 28 in Stock Market News | 0 Comment(s)
Alaskans opened up the public debate of 'to be or not to be' on a proposed five-year plan for offshore oil and gas lease sales that includes the Beaufort and Chukchi seas.
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Feb 28 in Stock Market News | 0 Comment(s)
Consumers are now being given choice of personalizing flavored water by Kraft, the Northfield-based food giant who introduced its first new brand since the DiGiorno pizza line in 1995.
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Feb 28 in Stock Market News | 0 Comment(s)
Is the bull run over? It is the question that is being hotly debated following the S&P 500's worst week in 15. The S & P index fell 1.7 per cent in the last week along with a downslide direction of oil futures market.
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Feb 28 in Stock Market News | 0 Comment(s)
Democrats and Republicans seem to be coming to a settlement to avert a government shutdown, at least for now. A proposal to cut $4 billion in federal spending, as part of legislation to keep the government operating for two weeks past a March 4 deadline, has been offered to the administration, said a Republican senator.
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Feb 28 in Stock Market News | 0 Comment(s)
Bank of America and Wells Fargo are likely to face fines or enforcement actions for their irregular foreclosure procedures. The two largest mortgage firms have filed a report on the development in its annual report to the Securities and Exchange Commission yesterday.
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Feb 28 in Stock Market News | 0 Comment(s)
Rowan, an oil services company, has posted 6 per cent decline in profits for the quarter ending in January. Earnings were higher than analysts expected, helped by a jump in revenue from its manufacturing business, which it plans to spin off.
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Feb 28 in Stock Market News | 0 Comment(s)
Berkshire Hathaway, which completed $26 billion buyout of railroad Burlington Northern Santa, is now again on a look out for a bigger acquisition. CEO, Warren Buffet proclaimed, "Our elephant gun has been reloaded, and my trigger finger is itchy."
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Feb 25 in Stock Market News | 0 Comment(s)
Sales Force.com has reported a $1.6 billion revenue in its annual fiscal reports. The cloud-based provider of customer relationship management, Sales Force.com now aims to cross $2 billion in revenue next year in 2012, says CEO Marc Benioff.
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Feb 25 in Stock Market News | 0 Comment(s)
Consumers are back in the market says a survey conducted by Thomson Reuters and the University of Michigan. As per February reports, consumer sentiment index rose to its highest level in three years.
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Feb 25 in Stock Market News | 0 Comment(s)
Interpublic Q4, an advertising company, has posted a remarkable recovery of 51 percent profits surpassing the market expectations. It also announced new dividend and share buyback underlining a strong recovery in the advertising industry.
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Feb 25 in Stock Market News | 0 Comment(s)
A hospital operator, Tenet Healthcare, has reported higher fourth-quarter earnings due to higher pricing and lowers expenses.
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Feb 25 in Stock Market News | 0 Comment(s)
J.C. Penney Q4 has reported 36% rise in profits due to cost controls and improving sales in areas like men's apparel, women's accessories and beauty products from in-store Sephora boutiques.
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Feb 25 in Stock Market News | 0 Comment(s)
The Commerce Department’s latest report says that the economy grew slower than initially estimated in the fourth quarter as government investment contracted more sharply and consumer spending was less robust.
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Feb 25 in Stock Market News | 0 Comment(s)
Post merger, AOL and Huffington saw first of its effects with the management announcing a merged-management structure and other executive changes designed to revive the company.
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Feb 25 in Stock Market News | 0 Comment(s)
Oil prices went down from $113.91 to $111.63 a barrel after top exporter Saudi Arabia stepped up supplies. Although a lot of uncertainty persists about developments in the Middle East, oil prices for the time being came down.
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Feb 25 in Stock Market News | 0 Comment(s)
In a switch from the suppliers of gear used on aircraft, Boeing has decided to seek assistance from Cobham, UK to equip its fleet of new tanker aircraft for the U.S. Air Force,
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Feb 25 in Stock Market News | 0 Comment(s)
American International Group, an insurer selling assets to repay a U.S. bailout, has posted its first profit in three quarters through gains from divestitures.
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Feb 24 in Stock Market News | 0 Comment(s)
The Labour Department says that initial jobless claims fell by 22,000 to 391,000, signalling an improvement in labor market. It further states that better economic growth has brought the four-week average for new claims down to 402,000.
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Feb 24 in Stock Market News | 0 Comment(s)
Target Q4 has reported 11 percent rise in its profits today due to a fourfold increase in earnings in its credit-card segment. It has also attributed better earnings to its 5% discount program launched at retail stores.
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Feb 24 in Stock Market News | 0 Comment(s)
After becoming almost a basket case, GM this year has reported annual profits of $4.7 billion, its first since 2004.
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Feb 24 in Stock Market News | 0 Comment(s)
Sears Q4 has posted 13 percent fall in profits but adjusted results showed profits, much beyond the expectations, thanks to continued strengthening at its Kmart stores. Sears had also appointed a new CEO and President Lou D'Ambrosio to address the merchandise difficulties faced by the retailer.
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Feb 24 in Stock Market News | 0 Comment(s)
The recession is over and now the focus should be on economic expansion said Treasury Secretary Timothy F. Geithner. He also said that the US financial system is good enough to provide funds for the economic expansion.
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Feb 24 in Stock Market News | 0 Comment(s)
A study conducted by Fidelity Investments has revealed that the average 401(k) savings hit a 10-year high at the end of 2010 to nearly $72,000, an increase of nearly 12 percent from a year earlier.
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Feb 24 in Stock Market News | 0 Comment(s)
Oil industry in Libya is likely to face permanent damage regardless of outcome of the current standoff between Gaddafi and the estranged Libyan people flocking the streets.
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Feb 24 in Stock Market News | 0 Comment(s)
American Airlines, United, Continental and US Airways have increased their fares early this week in anticipation of jet fuel hikes by $20 to $60 on first- and business-class tickets.
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Feb 24 in Stock Market News | 0 Comment(s)
Sears has found a new CEO after looking for last three years. The new chief executive D'Ambrosio replaces Bruce Johnson, who had operated as interim CEO since 2008.
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Feb 24 in Stock Market News | 0 Comment(s)
Apple labour unions have put forth a proposal asking the board to disclose its Steve Jobs succession plans during the annual gathering of shareholders yesterday.
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Feb 24 in Stock Market News | 0 Comment(s)
The Washington Post Q4 has reported fall in profits for the period due to its newspaper division struggles with growing online competition.
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Feb 24 in Stock Market News | 0 Comment(s)
The Federal Deposit Insurance has drawn a list of problem banks numbering 884 at a risk of failure in its quarterly report on the banking industry.
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Feb 24 in Stock Market News | 0 Comment(s)
Saks Q4 has reported net income of $25 million, or 14 cents per share, compared with a year-earlier loss of $4.6 million, or 3 cents per share.
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Feb 24 in Stock Market News | 0 Comment(s)
The satellite-TV provider, Direct TV Q4 profits have jumped as the company went on consolidation drive taking away the market share from its cable rivals.
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Feb 24 in Stock Market News | 0 Comment(s)
Ford Motor has recalled nearly 150,000 F-150 pickup trucks to fix air bags that could deploy without warning.
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Feb 24 in Stock Market News | 0 Comment(s)
A cystic fibrosis drug developed by Vertex Pharmaceuticals has received favorable response during clinical trials conducted to ascertain improvement in damaged lung function.
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Feb 24 in Stock Market News | 0 Comment(s)
Lowe Q4 profit has scaled up to 39% as sales topped the home-improvement retailer's expectations.
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Feb 24 in Stock Market News | 0 Comment(s)
Amidst growing worries about Apple’s health post Steve Jobs’ retirement, a video of its promoter walking rather unsteadily from a Californian café has been released by an entertainment website Radar Online, fueling further anxiety in the stakeholders.
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Feb 24 in Stock Market News | 0 Comment(s)
NASDAQ OMX is exploring the possibility of countering the merger deal between Deutsche Boerse and NYSE Euronext. Sources say NASDAQ has become vulnerable as a result of exchange merger plans and is looking for an alternative.
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Feb 24 in Stock Market News | 0 Comment(s)
Libyan leader, Muammar Qaddafi’s rabble rousing speech to fight a growing rebellion until his’ last drop of blood has pushed oil futures as much as 0.7 percent. April contract rose as much as 66 cents to $96.08 and Crude Brent climbed as much as $1.72, or 1.6 percent, to $107.50 a barrel.
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Feb 24 in Stock Market News | 0 Comment(s)
Saudi oil minister, Ali Naimi has assured that the international community will not suffer in case Libyan crises escalates and spreads to other part of Middle East as well.
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Feb 24 in Stock Market News | 0 Comment(s)
A new consumer data released today suggest that consumers have started spending in hoards. The report says that for the first time in last three years, the Americans believe that the US economy is back on rails.
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Feb 24 in Stock Market News | 0 Comment(s)
Forest Labs has announced its plans to buy Clinical Data, a company which tested Viibryd, an antidepressant drug recently for a consideration of $898.7 million.
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Feb 24 in Stock Market News | 0 Comment(s)
Medtronic Q3 has showed an improved performance by posting 11 percent increase in fiscal third-quarter earnings. The medical-device maker, Medtronic 3Q reported higher sales in its cardiovascular and spinal segments helping to prop up the profit of $924 million, or 86 cents a share.
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Feb 24 in Stock Market News | 0 Comment(s)
Macy's Q4 has posted 50% increase in profits surpassing the company's own projections. Despite relative fall in unemployment rate, Macy’s were able to register better performance because of higher sales and cost cuttings, says a report.
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Feb 24 in Stock Market News | 0 Comment(s)
Quarterly profits of Wall Mart went down drastically for seventh consecutive month due to declining sales at its US stores. The world’s biggest retailer trailed in sales by 1.8 percent in the quarter ending Jan, 28.
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Feb 24 in Stock Market News | 0 Comment(s)
The Holly Corporation and Frontier Oil have agreed to merge in to a new entity to be called the Holly Frontier Corporation at an estimated enterprise value of $7 billion.
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Feb 24 in Stock Market News | 0 Comment(s)
Home Depot Q4 has posted a 72 percent gain in profit due to increased sales despite a chilly winter. The largest home improvement maker, Home Depot Q4 net income increased to $587 million, or 36 cents, in the quarter ended Jan. 30
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Feb 24 in Stock Market News | 0 Comment(s)
Dynegy buyout today claimed its first casualty with the Chief Executive Officer Bruce Williamson resigning after shareholders rejected a $665 million offer by Carl Icahn.
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Feb 24 in Stock Market News | 0 Comment(s)
The New York Oil Exchange April Oil delivery touched $98.48 a barrel on a day when violence escalated in Libya and started to look spreading all across Middle East.
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Feb 21 in Stock Market News | 0 Comment(s)
Royal Dutch Shell has announced plans to sell its equity worth $1 billion to its partners in Vitol and Helios in Africa. The divestment in equity however will no way affect the sale of fuels and lubricants in 14 African countries under the Royal Dutch Shell brand.
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Feb 21 in Stock Market News | 0 Comment(s)
A Chinese social networking site, Renren.com is launching an initial public offering of $500 million on US bourses soon says a report. Renren means everyone in Chinese will be the first internet company to be publicly listed and operate a website for the Chinese community around the world.
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Feb 21 in Stock Market News | 0 Comment(s)
Libya is heading towards civil war, said Gamal, son of Muammar Qaddafi today pushing prices of New York crude for April delivery on an upward spiral. He further said that a civil war would risk the country’s oil wealth.
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Feb 20 in | 0 Comment(s)
Starbucks and Green Mountain Coffee Roasters are in merger talks to create by all accounts a dominant force in the U.S. single-cup coffee market.
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Feb 20 in Stock Market News | 0 Comment(s)
NASDAQ and ICE have begun negotiations to put stop to transcontinental exchange merger between the New York and Frankfurt stock exchanges.
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Feb 20 in Stock Market News | 0 Comment(s)
Ford Motor has formed mutually beneficial alliance with OAO Sollers, a Russian automaker to assemble and distribute vehicles in Russia. A joint venture was formed subsequent to a similar arrangement between Fiat and OAO failed recently.
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Feb 20 in Stock Market News | 0 Comment(s)
G-20, a group of rich and developing countries, today agreed on a list of technical indicators to track global trade and currency imbalances, which are at the root of the global financial crisis.
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Feb 20 in Stock Market News | 0 Comment(s)
Intel plans to build a $5 billion, cutting-edge microchip factory in Arizona by 2013, sharply ramping up its U.S. manufacturing capacity as part of a major global expansion.
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Feb 20 in Stock Market News | 0 Comment(s)
Republicans have passed a budgetary cut of $61 billion early Saturday morning paving the way for a government shutdown which looked unlikely till yesterday. President Barrack Obama and his Democratic supporters have rejected the motion.
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Feb 20 in Stock Market News | 0 Comment(s)
A federal judge has ordered the Obama administration to allow the deep sea drilling in Gulf of Mexico which it has banned since the Deepwater Horizon explosion in April, which killed 11 workers and spilled nearly five million barrels of oil into the ocean.
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Feb 20 in Stock Market News | 0 Comment(s)
While the Fed is content at fretting out inflation figure of 1.6% in January 2011 which it claims is the lowest US has seen in recent times, consumer product companies think otherwise. They claim the raw material cost of most of the food items they purchase are at or near record levels.
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Feb 20 in Stock Market News | 0 Comment(s)
While everyone agrees that the market has reached extreme levels, but as a trader says no matter where we start out in the morning, buyers come in.
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Feb 20 in Stock Market News | 0 Comment(s)
Google has announced plans to give more personalized results through its social search.
So next time you Google search about cricket, the web search will show up details about a friend who shared it.
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Feb 20 in Stock Market News | 0 Comment(s)
Banks in US are up in arms against a Federal move to curtail debit card swipe fees. Details of new legislation passed by the Congress, which is drafted by the Federal Reserve, came for review in the House subcommittee hearing last week.
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Feb 19 in Stock Market News | 0 Comment(s)
Even though Fed Chief Ben Bernanke refuses to buy inflation to be real, World Bank president, Robert Zoellick had warned of escalation in food prices causing an awful lot of turmoil, even warning that governments could fall.
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Feb 19 in Stock Market News | 0 Comment(s)
Citi Bank has decided to share future profits with some of its senior executives as a part of profit sharing programme. A spokeswoman said: "The profit-sharing program further aligns compensation with the long-term performance of Citi."
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Feb 19 in Stock Market News | 0 Comment(s)
Bank of America has decided to compulsorily seek three months notice from its ultra high net individuals’ advisors who plan to leave the organization. The garden policy as it is called will help the bank at stemming defections from the private bank, which Bank of America acquired from Charles Schwab Corp in 2006.
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Feb 19 in Stock Market News | 0 Comment(s)
Oil prices took an upward turn this week over the likely hood of disruption in oil supplies due to escalating protests in Bahrain and Libya. Crude went up at New York Mercantile Exchange by 35 cents at $ 86.71 a barrel, the contract is to be expired on Feb22.
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Feb 19 in Stock Market News | 0 Comment(s)
US government may be heading for a shutdown over growing differences between Republicans and Democrats on the issue of federal spending. House speaker John Boehner however was equivocal when asked to comment on a big fight that has ensued between the parties.
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Feb 19 in Stock Market News | 0 Comment(s)
As a part of his strategy to reinvigorate US tech industry President Barrack Obama met Steve Jobs and other Silicon Valley honchos yesterday. His aides called this as Obama’s win the future campaign trail involving technology business leaders.
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Feb 19 in Stock Market News | 0 Comment(s)
Caterpillar, the world's largest manufacturer of bulldozers, excavators, wheel loaders and other construction machinery has reported 49 per cent increase in its worldwide sales for the three months ended Jan. 31.
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Feb 19 in Stock Market News | 0 Comment(s)
After months of wait, US government has finally decided to issue the first deep sea drilling permits lifting the index of oil drillers at NYSE. Since the Deep Sea horizon incident that caused 11 deaths last April, the government was insisting on oil companies developing a full proof oil spill control blowers before permitting any new exploration.
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Feb 19 in Stock Market News | 0 Comment(s)
The businesses are more important for an investment decision than knowing who is in charge of the company says billionaire Warren Buffett. These golden words were spoken by Warren Buffett in a FCIC interview after the meltdown, which was released to press last week.
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Feb 19 in Stock Market News | 0 Comment(s)
The world’s largest soup maker, Campbell Soup, has revised profit and sales forecast for the year 2011. According to Campbell spokesperson, the change in fiscal 2011 is warranted by 7.7 percent drop in Q2 net income to $239 million, or 71 cents a share, from $259 million, or 74 cents, a year earlier. Campbell Q2 sales have also dropped 1.2 percent to $2.13 billion.
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Feb 18 in Stock Market News | 0 Comment(s)
The pizza chain Giordano Enterprises has filed for chapter 11 bankruptcy after expressing its inability to pay $46 million real estate loan it owes to Fifth Third Bank. The Chicago based Giordano has further sought court protection to use part of a $36 million bankruptcy loan to pay employees and vendors.
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Feb 18 in Stock Market News | 0 Comment(s)
Fed Reserve Chairman, Ben Bernanke, has blamed the uneven flow of funds into the United States from 2003 to 2007 as one of the key factors that led to the meltdown in financial markets in 2008.
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Feb 17 in Stock Market News | 0 Comment(s)
A cap on interchange fees charged to merchants at 12 cents per transaction by Federal Reserve has begun to get political overtones. Financial services companies like Visa and Master Card, which had lost the battle to retailers, have now renewed their fight to persuade Republican to veto the Fed proposal.
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Feb 17 in Stock Market News | 0 Comment(s)
Despite all negative news, treasuries continued to climb with the 3.625 percent security due in February 2021 and rose 11/32, or $3.44 per $1,000 face amount, to 100 11/32. The rise happened despite the news reports that Iran is sending two warships through the Suez Canal.
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Feb 17 in Stock Market News | 0 Comment(s)
The Bureau of Ocean Energy Management, Regulation and Enforcement have been informed by the group of oil companies led by Exxon about a system that can stop an undersea oil spill within weeks.
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Feb 17 in Stock Market News | 0 Comment(s)
An investment consulting firm, Governance Metrics has published a bankruptcy watch list after its first prediction about Borders going bankrupt has come true last week. Its report which gave Borders 13.6 percent chance of financial distress was on its bankruptcy watch list for the past year.
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Feb 17 in Stock Market News | 0 Comment(s)
The maker of Jif peanut butter and Folgers coffee, J.M. Smucker Q3 has reported decline of 2.6 percent in its earnings due to restructuring and merger charges. However, higher prices in coffee businesses has contributed to 4 percent rise in sales for J.M. Smucker Q3.
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Feb 17 in Stock Market News | 0 Comment(s)
Duke Energy Q4 has posted lower earnings due to higher tax liability imposed on it by the revenue authorities. Nevertheless, the company has been able to withstand the decline in profits due to a hot summer, a cold winter and a slowly recovering economy.
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Feb 17 in Stock Market News | 0 Comment(s)
As per the Labor Department,food and fuel prices have increased the cost of living in the US. They also add that the price rises are slowly seeping into other goods and services.
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Feb 17 in Stock Market News | 0 Comment(s)
The Federal Reserve has upgraded its growth forecasts for the year, while its projection for job creation continues to be grim. It also expects the output of goods and services to grow 3.4 per cent to 3.9 per cent this year, up from the forecast in November of 3 to 3.6 per cent.
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Feb 17 in Stock Market News | 0 Comment(s)
Bank of America has received a broad subpoena from House Oversight Committee Chairman, Darrell Issa, seeking documents and emails regarding a controversial VIP lending program run by Countrywide Financial acquired by the company in 2008.
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Feb 17 in Stock Market News | 0 Comment(s)
Las Vegas Sands has announced its intention to build `European integrated resort’ in Spain as a part of diversifying its strip style casino business in Europe. Announcement was made by Sands CEO Sheldon Adelson at the opening of the Marina Bay Sands integrated resort, Singapore, he said, "We are zeroing in on Spain and the casino resort project will cost $20.3 billion.’’
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Feb 16 in Stock Market News | 0 Comment(s)
Borders Group, the second largest book store chain filed for bankruptcy in New York today. The company spokesperson attributed the main reason behind bankruptcy as low book sales and heavy competition from Amazon.com and Wal Mart Stores.
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Feb 16 in Stock Market News | 0 Comment(s)
CenturyLink's Q4 revenues have fallen drastically from $1.83 billion to $1.72 billion as reported by the company in last quarter. The company blamed fall on fixed-line business which it said declined due to shrinking subscriber base that is shifting to cable and broadband services.
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Feb 16 in Stock Market News | 0 Comment(s)
The day after a German stock exchange tied up with NYSE to form what is touted as making of World’s largest stock exchange; debate has started whether this is defeat of America. What has come as a surprise to many investors and economists is coolness with which corporate America has digested the news of takeover of NYSE as though it is just another buyout deal.
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Feb 16 in Stock Market News | 0 Comment(s)
Family Dollar Stores has received an open offer of buy out from activist investor Nelson Peltz who already own 8% stake in the company. Peltz has agreed to pay $ 55 to $ 60 a share to Family Dollar Stores the discount-store chain's chairman and chief executive, Howard Levine last Tuesday.
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Feb 16 in Stock Market News | 0 Comment(s)
The political protests spreading across the Middle East pushed oil prices up in early market trading. After 11 week’s static movements, crude delivery gained as much as 62 cents to $84.94 a barrel at New York Mercantile Exchange.
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Feb 16 in Stock Market News | 0 Comment(s)
Qwest Q4 has posted a net loss of $161 million, or 9 cents a share, on revenue of $2.9 billion. The land line telephone company Qwest Q4 based in Denver is expected to be taken over by Century Link by April 1.
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Feb 16 in Stock Market News | 0 Comment(s)
The third-largest personal-computer maker Dell has reported 57 cents a share profits for the quarter ending in January. The company has exceeded Q4 sales figures than those projected by the market analysts.
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Feb 16 in Stock Market News | 0 Comment(s)
Bernard Madoff of fraudulent Ponzi scheme has spoken of unidentified banks and hedge funds, which were “complicit" in his scheme. Speaking from a North Carolina prison, Madoff who touted himself as one of New York's most successful money managers, said, "But the attitude was sort of 'If you're doing something wrong, we don't want to know.”
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Feb 16 in Stock Market News | 0 Comment(s)
After wrangling over host of issues including Contingent value right for last nine months, Sanofi, Genzyme today agreed on $20.1 billion merger deal. The deal comes after a lot of bad blood has flown in public since the first offer was made by Sanofi Chief Executive Chris Viehbacher.
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Feb 16 in Stock Market News | 0 Comment(s)
The Chicago Mercantile Exchange has decided put up a counter bid against the planned $24bn tie-up of NYSE Euro Next and Deutsche Borse. Though not ready to confirm the news the executive chairman of Chicago exchange Terry Duffy said, he won’t rule out a counter offer for NYSE Euro next.
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Feb 16 in Stock Market News | 0 Comment(s)
Bank of America Merill Lynch Fund Manager Survey says global equities have reached peak levels in last decade and strong economic growth will drive the bulls to take it further. Confirming the risk of runaway inflation, the survey concludes engine of growth will contain it to push for better earnings in equities.
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Feb 15 in Stock Market News | 0 Comment(s)
Genzyme, a biotech company is set to be acquired by Sanofi-Aventis for $19 billion in cash announcement for which is now expected tomorrow. After wrangling about the price and other wonder drug related issues for last two months, Sanofi, which was looking for a cheaper deal, now has agreed to a draft that was originally negotiated when Sanofi was given access to Genzyme's financial books on Jan. 31.
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Feb 15 in Stock Market News | 0 Comment(s)
ING Real Estate Investment Management has sold its real estate investment management business in Europe and Asia to CB Richard Ellis Group at an estimated cost of $940 million in cash. However the deal will not include ING's U.S.-based private market real estate investment management company.
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Feb 15 in Stock Market News | 0 Comment(s)
President Barrack Obama appreciated efforts made by the Egyptian people to move towards developing democratic institutions, today at a press conference. He also spoke about domestic economic issues claiming a successful negotiation between Democrats and Republicans on his proposed $3.7-trillion budget.
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Feb 15 in Stock Market News | 0 Comment(s)
Warren Buffet‘s Berkshire Hathaway has sold $1.2 billion worth stocks of Bank of America, Comcast, Nike, Lowe, Becton Dickinson, Fiserv, Nalco and Nestle last year. Informed sources say funds mopping exercise was undertaken since Lou Simpson, who had managed money for Berkshire's Geico for many years , retired paving the way to perhaps eventual exist of Warren Buffet as well.
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Feb 15 in Stock Market News | 0 Comment(s)
Sirius XM Radio Q4 has reported a net loss of $81.4 million, or 2 cents per share, for the period ended Dec. 31. The company spokesperson blamed higher operating expenses and losses due to closure of debt and credit facilities as the reason behind Sirius XM Radio Q4.
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Feb 15 in Stock Market News | 0 Comment(s)
The Dow Jones fell by 58 points, just after the January retail sales data became public, signaling growing uncertainty in the minds of investors about rising food prices and lackluster job growth.
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Feb 15 in Stock Market News | 0 Comment(s)
The New York Stock Exchange and Deutsche Borse have formally announced their plan to create what would be the largest stock and derivatives exchange in the World. The merger of two bourses is expected to save “at least” €100m and another €300m by way of selling each other’s premium financial products.
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Feb 15 in Stock Market News | 0 Comment(s)
Starbucks has announced what can be termed as a mega coffee deal with Courtesy Products to supply coffee for one-cup brewers in hotels. Confirming the mega coffee deal, Starbucks said, our ground coffee will now be available at 500,000 upscale hotel rooms in the United States beginning this autumn.
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Feb 15 in Stock Market News | 0 Comment(s)
Much expected retail sales data for the month of January failed to enthuse the stock markets. The commerce department reported only marginal increase of 0.3 percent. The only consolation was the seventh straight month when the sales have increased.
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Feb 15 in Stock Market News | 0 Comment(s)
PIMCO's Total Return Fund has decided to significantly reduce its U.S. government-related debt holdings in January to its lowest in two years. The biggest bond fund, PIMCO decision to cut down its holdings in U.S. from 22% to 12%, which includes U.S. Treasuries, was announced by the company yesterday.
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Feb 15 in Stock Market News | 0 Comment(s)
A news report coming from JP Morgan Chase says that the bank has begun to collect up to $1 billion from its wealthy clients to purchase what is loosely called as late-stage digital media companies. The sources close to bank say a sum of $700 to $200 million is earmarked for an investment in Twitter.
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Feb 15 in Stock Market News | 0 Comment(s)
An updated Windows Phone 7 versions became the first of the major announcements made by Microsoft and Nokia together after they decided to jointly fight Apple and Google. The announcement was made by Microsoft CEO Steve Ballmer in presence of Nokia CEO Stephen Elop, who spoke of Nokia's ability to create a "three horse race" against Apple and Google.
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Feb 15 in Stock Market News | 0 Comment(s)
Clothing prices are on upswing once again after showing decades long down turn. The fall in prices seen for last so many years is attributed to tame inflation and cheap overseas labor. However now times are changing. World economy is demanding cotton clothes and even the prices of synthetic variety of clothes are rising.
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Feb 15 in Stock Market News | 0 Comment(s)
The Wall Street refused to react to budget 2012 proposed by President Obama as a part of his grand design to revive the US economy. The market remained subdued to his plan to cut the nation's long-term deficit by about $1.1 trillion over the next 10 years.
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Feb 15 in Stock Market News | 0 Comment(s)
President Obama in his speech at a school in Baltimore today defended his budget as a plan which tries to balance new investments with a long-term spending reductions. Further he said, "While it's absolutely essential to live within our means ... we can't sacrifice our future in the process."
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Feb 15 in Stock Market News | 0 Comment(s)
A television set-top box manufacturer and satellite services provider, EchoStar has sealed a buyout deal with Hughes Communications for about $1.32 billion. Earlier, there were reports of Hughes looking for a buyer. With today’s acquisition, EchoStar will be able to make forays in to broadband data services; currently Hughes is controlling many broadband satellite networks for businesses, governments and consumers.
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Feb 15 in Stock Market News | 0 Comment(s)
Las Vegas’ biggest casino operator, MGM Resorts Q4 has reported a loss of $433.9 million despite some improved performance at its Macau joint venture. For last two years the company has been seeing drop in its revenue in gambling and conventions. MGM Resorts Q4 revenue rose 1 percent to $1.47 billion from $1.45 billion a year earlier.
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Feb 15 in Stock Market News | 0 Comment(s)
International Air Transport Association‘s report "The future of aviation 2050" says Asia's fast economic growth will drive the industry's expansion in coming years. Briefing media men, Giovanni Bisignani, Director General and CEO of IATA said Global airline travel will likely jump to 3.3 billion passengers by 2014.
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Feb 14 in Stock Market News | 0 Comment(s)
President Obama has proposed a wide variety of spending cuts in his budget 2012 which will be unveiled today. The budget which seeks congressional approval for $3.7 trillion proposals seeks to curtail government expenditure on items such as low income heating assistance program and non-security discretionary spending.
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Feb 13 in Stock Market News | 0 Comment(s)
Even as Fed Chairman Ben Bernanke proclaimed of continuing low inflation in coming years at a House Budget Committee hearing last week; most economist went ballistic claiming his data excludes food and energy hence is unreliable and unsustainable. But now there are real fears of deflation, i.e. "the destructive price collapse that characterized the Depression", claims a news report.
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Feb 13 in Stock Market News | 0 Comment(s)
Chinese foreign exchange regulator has denied the news reports of it loosing up to $450 billion invested in bonds of Fannie Mae and Freddie Mac in the event of the mortgage companies are closed down by the Obama administration as proposed by the Treasury department last Friday.
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Feb 13 in Stock Market News | 0 Comment(s)
President Obama's proposed 2012 budget is to be presented to Congress for the debate on Monday. The proposed 2012 budget is expected to focus on cut on government spending and job creation as a means to revitalize the US economy.
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Feb 12 in Stock Market News | 0 Comment(s)
The State regulators have closed down four more banks connected to mortgage crisis across the United States yesterday. Taking the tally of financial crisis ridden closed banks to 18; the four banks are located in Florida, Michigan, Wisconsin and California.
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Feb 12 in Stock Market News | 0 Comment(s)
Fate of the ordinary shareholders of Fannie Mae and Freddie Mac were not even discussed in 31 page mortgage companies’ reform report submitted in the Congress yesterday. The only hope that they got was the Obama administration hasn’t explicitly said that they'll be wiped out.
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Feb 12 in Stock Market News | 0 Comment(s)
Even as don’t sell Twitter to Google or Facebook gathers momentum, newspaper reports suggest "low-level" discussions about a possible acquisition by either of them is continuing. According to those in know, Kleiner Perkins and Caulfield Byers, venture capital firms are pressurizing Twitter to compete the deal.
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Feb 12 in Stock Market News | 0 Comment(s)
Seahawk Drilling has announced plans to sale its assets to Hercules Offshore for about $105 million in cash and stock. Seahawk Drilling also will be filing for bankruptcy, both developments led to 39% fall to $4.85 in stock prices yesterday.
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Feb 12 in Stock Market News | 0 Comment(s)
US sold $72 billion of debt even as treasury bonds tumbled in New York yesterday. However, dollar surged forward amid worsening of Portugal crisis and Egyptian unrest. The investor said a banker was simply trying to secure his money.
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Feb 12 in Stock Market News | 0 Comment(s)
With the resignation of Hosni Mubarak, President of Egypt, a real challenge of revolution has perhaps just begun. Most people agree Mubarak was just a symptom of much larger problem of corrupt, stagnant and oppressive system. Now the Supreme Council of Armed Forces has to ensure smooth orderly transition towards free and fair democracy.
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Feb 12 in Stock Market News | 0 Comment(s)
Gasoline prices have reached an all time high of $3.127 per gallon on Friday, about 50 cents higher than a year ago. The market sources attribute the rise to three factors: stronger oil demand from China, a frigid winter in the U.S. and tension in Egypt.
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Feb 12 in Stock Market News | 0 Comment(s)
Borders, a company which changed the way people read books in America, is about to file for Chapter 11 bankruptcy protection as soon as Monday or Tuesday. The reason cited is inability of Borders to keep pace with the digital transformation rocking every corner of the media landscape.
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Feb 12 in Stock Market News | 0 Comment(s)
After weeks of indecision, Egyptian President Hosni Mubarak stepped down and handed power to the military yesterday forcing investors to book profits in the oil market. Crude oil fell to a 10-week low as the people celebrated on the Streets of Cairo dispelling fears of the Suez Canal would stop and that unrest would spread to other countries in the Middle East and North Africa.
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Feb 12 in Stock Market News | 0 Comment(s)
Pandora Media, the Internet radio company, has filed a Form S-1 with Securities and Exchange Commission to raise $100 million through initial pubic Offering. Morgan Stanley and J.P. Morgan are acting as book runners for the stock sale, which is being co-managed by William Blair and Stifel Nicolaus.
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Feb 11 in Stock Market News | 0 Comment(s)
After getting government bailout during financial crisis, General Motors is now getting ready to pay bonuses to its employees. GM has called this as a planned reward for employees for exceeding performance goals in 2010. The bonuses are expected to reach in some case as high as 50% of employees' salaries, says a General Motors spokesperson.
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Feb 11 in Stock Market News | 0 Comment(s)
The hedge fund firm, Level Global owned by David Ganek has announced its intentions to close down the operations. According to a letter written to investors, Level Global owned by David Ganek has promised to return cash to investors in the coming weeks.
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Feb 11 in Stock Market News | 0 Comment(s)
Pilgrim's Pride Q4 posted a 24 percent rise in net income on Friday as demand for chicken improved. The company proposes to hike consumer prices of its products later this year to give further fillip to its profits.
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Feb 11 in Stock Market News | 0 Comment(s)
What is billed as the largest private-equity-based IPO ever, Kinder Morgan has decided to fix price for its common stock at $30 a share, above the estimated range of $26 to $29 as it gets ready for trading today.
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Feb 11 in Stock Market News | 0 Comment(s)
After getting series of good news’s last week, bad news is trade deficit grew nearly 6 percent to $40.6 billion in the month of December. At the same time import from China hit record levels. On annualized basis, the trade gap has widened by 33% in 2010 due to $364.9 billion imports from China.
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Feb 11 in Stock Market News | 0 Comment(s)
As a part of its initiative to reform the mortgage market, the Obama administration has proposed closing down of Fannie Mae and Freddie Mac. The 31 page report released today, however, is silent about the ways and means to achieve this substantial reduction in government’s role to reform the mortgage market.
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Feb 11 in Stock Market News | 0 Comment(s)
Even as the big spring home-buying rush is about to begin, the mortgage rates rose by 5% last week. Most disturbing thing, says a broker, APR rose at a time when people were confident about their jobs and the economy was started to look settled.
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Feb 11 in Stock Market News | 0 Comment(s)
Egyptian President Hosni Mubarak yesterday night refused to resign from his post pending elections in September. This led to oil futures climbing as much as 1.2 percent in New York. The news revived fears of disruption in oil supplies passing through Suez Canal.
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Feb 11 in Stock Market News | 0 Comment(s)
Microsoft and Nokia have formed a software alliance to challenge the combined might of the Google and Apple. The move will make Microsoft, a big gainer, since its Windows platform will be used by the latter instead of Nokia’s own-platform. According to sources, the software alliance has happened because Nokia’s own platform has failed.
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Feb 11 in Stock Market News | 0 Comment(s)
US government has proposed to auction airwaves worth $27.8 billion to buy new rural fourth-generation wireless networks and a mobile communications system. Announcing this at a speech at the Northern Michigan University, President Barack Obama said that this auction airwaves will be an $18 billion initiative that would provide 98 percent Internet connectivity to the nation.
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Feb 10 in Stock Market News | 0 Comment(s)
The Labor Department has reported a steep fall in the jobless claims registered last week. The decline is one of the lowest since 2008 when economy went in to slump. The department claimed that the decline indicates that the labor market is strengthening despite January's poor jobs numbers.
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Feb 10 in Stock Market News | 0 Comment(s)
Verizon stores were filled with early morning customers today to pick up Verizon iPhone, which was launched today after months of suspense. This ends three years’ AT&T monopoly in the US market.
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Feb 10 in Stock Market News | 0 Comment(s)
PepsiCo Q4 profits has fallen by 5% due to higher commodity costs, a difficult economy and investments in emerging markets. Speaking to press, CEO Indra Nooyi said, consumers remain pressured by high unemployment and costs for raw materials are expected to remain high.
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Feb 10 in Stock Market News | 0 Comment(s)
Twitter, according to a report emerging from Wall Street Journal; has begun talking to Google and FaceBook for a buyout. The sources further say Twitter; the micro blogging site has estimated at $10 bn has its value for a prospective suitor.
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Feb 10 in Stock Market News | 0 Comment(s)
First time in many months, housing industry has seen significant fall in foreclosure filings as per RealtyTrac reports. The agency has found out that in last three months fewer than 300,000 properties received foreclosure filings. The statistics also becomes important because for last 20 months, foreclosures in housing industry were always more than 300,000 properties at any point in time.
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Feb 10 in Stock Market News | 0 Comment(s)
After losing the momentum for five days, oil market reverted back to its winning streak today. Brent crude rose as high as $1.06 a barrel to $102.88 in the European markets. However New York-traded oil remained unchanged at $86.71 a barrel in the morning.
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Feb 10 in Stock Market News | 0 Comment(s)
A small car fitted with up market features, the new Ford Focus will be an interesting economy car to hit the market this spring. Not everybody is sure whether the second-smallest car that Ford proposes to sells in the U.S after the subcompact Fiesta will click in the auto market.
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Feb 10 in Stock Market News | 0 Comment(s)
California based Cisco lost 10 percent in extended trading after a report showed higher spending on new products eroded its fiscal second-quarter profitability. The loss of revenue is expected to affect the estimated percentage of profits by 62.4 percent in the period that ended Jan. 29.
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Feb 10 in Stock Market News | 0 Comment(s)
Keeping aside party affiliations, Republicans and the influential members of the Obama administration are keen on scrapping the Fannie Mae and Freddie Mac, the government's mortgage giants. Most of them agree that further healing will not only cause loss to exchequer but will not serve the interest of housing finance reform.
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Feb 10 in Stock Market News | 0 Comment(s)
A renewable chemicals and biofuels company, Gevo rose as high as $17.53 on its first day of trading at NASDAQ yesterday. The shares of Gevo which closed at $16.44 are backed by Khosla Ventures.
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Feb 09 in Stock Market News | 0 Comment(s)
Speaking to the U.S. House of Representatives' Budget Committee, Federal Reserve Chairman Ben Bernanke reiterated what he had said a week earlier that job growth, inflation remains low and warned about the dangers of unsustainable budget deficits.
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Feb 09 in Stock Market News | 0 Comment(s)
The Los Angeles defense company, Northrop Grumman has posted 9% decline in Q4 income. It earned $376 million, or $1.27 per share, compared with $413 million, or $1.31 per share, in the same quarter of 2009. Northrop Grumman attributed decline in profits to shortfall in sales in its core aerospace, electronics and information systems segments.
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Feb 09 in Stock Market News | 0 Comment(s)
The Atlanta-based company, Coca Cola has posted onetime non-cash gain to triple its Q4 profits to $5.77 billion, or $2.46 a share. The world’s largest soft-drink maker, Coca Cola rose to 35 cents to $62.87 in New York Stock Exchange composite trading.
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Feb 09 in Stock Market News | 0 Comment(s)
Ahead of fourth-quarter results, AIG today announced its plans to book a $4.1 billion charge against potential claims at Chartis property-and-casualty insurance unit. The company has already reported $2.4 billion third-quarter loss earlier last year. The Q4 results of AIG are expected on Feb. 24.
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Feb 09 in Stock Market News | 0 Comment(s)
U.S. Treasury Secretary, Timothy F. Geithner, is proposing to close down mortgage companies Fannie Mae and Freddie Mac. During his meeting with President Obama to give final touches to his reform proposal, Geithner had suggested three options to reduce the government’s role in the nation’s decades-old housing finance system.
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Feb 09 in Stock Market News | 0 Comment(s)
After signing a confidentiality agreement, talks between Genzyme and Sanofi-Aventis have remained inconclusive. According to Sanofi Chief Executive Chris Viehbacher, the talks between the two companies are an ongoing process and may take longer time. He further added:"We are continuing to review non-public information,"
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Feb 09 in Stock Market News | 0 Comment(s)
In a sudden development, architect of Wells Fargo’s dramatic expansion during the financial crisis, Howard Atkins, resigned on Tuesday. In a statement, the company said that Atkins resigned for personal reasons and Chief Administrative Officer Timothy Sloan, 50, succeeded him. He is holding the post of administrative chief at present.
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Feb 09 in Stock Market News | 0 Comment(s)
McDonald’s sales drove the US stocks to a fresh 2 ½ years high adding 64 points, or 0.5%, to 12227. The high is the first since June 2008, if it continues then it would represent the seventh-straight rise registered by Dow Jones since the process recovery began in July 2010.
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Feb 09 in Stock Market News | 0 Comment(s)
The U.S. Census Bureau data says that black owned businesses grew faster than the other businesses just before the recession began in US. According to Census figures, blacks were able to register 60 percent growth from 2002 to 2007 compared to just 4% by other communities.
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Feb 09 in Stock Market News | 0 Comment(s)
After declining continuously for nine quarters, Walt Disney posted 54% rise in Q1 profit, announced Robert A. Iger, Disney’s Chief Executive. The company’s improved performance is attributed to its theme park business picking up the steam. Net income jumped by 25 percent, to $468 million.
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Feb 08 in Stock Market News | 0 Comment(s)
Google’s outgoing Chief Executive Eric Schmidt has confirmed the news of out of court settlement talks being initiated between Google and European Commission. The tentative talks are held to discuss the antitrust investigations that are currently underway against Google for violating a dominant position in online search in November last year.
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Feb 08 in Stock Market News | 0 Comment(s)
The need to catch up with rivals has made Microsoft ready to initiate changes in upper echelons of the management team. The changes are expected to be carried out in engineering divisions so as to improve its presence in Web services, smart phones and tablet computers.
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Feb 08 in Stock Market News | 0 Comment(s)
Energy Secretary, Steven Chu, has announced the setting up of $50.5 million offshore wind power research and development fund to give boost to developers to build wind farms in the mid-Atlantic and elsewhere. Gamesa North America and NRG Bluewater are expected to benefit from the decision.
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Feb 08 in Stock Market News | 0 Comment(s)
JP Morgan Chase has recommended an immediate sell for the oil positions held by the speculators to book the profits at New York crude futures and London’s Brent trading. The bullish trend may not continue for long argues the investment banker.
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Feb 08 in Stock Market News | 0 Comment(s)
NYSE Euronext Q4 net profit fell by 20% from earlier year. The exchange operator cited weak volumes of trading in US and Europe and dollar gaining the ground against euro as possible reasons behind NYSE Euronext Q4‘s poor performance.
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Feb 08 in Stock Market News | 0 Comment(s)
The buyout of the Huffington Post for as high as $315 million by AOL has suddenly given rise to market speculation about other content driven sites such as Gawker Media, Gizmo do and Glam Media. The most critical component in measuring the asset value of social media platforms seems to be their ability to attract and build a community of readers.
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Feb 08 in Stock Market News | 0 Comment(s)
After a long wait, Federal Deposit Insurance Corp is ready with pay rules to clamp down big financial firms like Goldman Sachs, JP Morgan Chase, Morgan Stanley and Bank of America. The FDIC along with other six regulators are expected to enforce 77-page blueprint to ensure no further repeat of another financial meltdown.
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Feb 08 in Stock Market News | 0 Comment(s)
Louisville, Ky.-based Kindred has decided to buy out RehabCare Group for about $900 million in stock and cash on Tuesday. The merger will create the largest "post-acute" health company in the country. The merged company is expected to generate combined revenue of $6 billion spread across 46 states.
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Feb 08 in Stock Market News | 0 Comment(s)
Quashing the continuing reports of antagonism between the President Barrack Obama and industry, he promised to make government an ally of companies to help them recover from the economic slump.
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Feb 08 in Stock Market News | 0 Comment(s)
Fed has began calling this “core” rate of inflation, however sources argue the move has only been helping the Federal Reserve to maintain an ultra-easy monetary policy.
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Feb 07 in Stock Market News | 0 Comment(s)
If early morning signs are anything to go by then the week is expected to further pull up the Nasdaq Composite. The Dow Jones Industrial Average rose 22.40 points, or 0.19%, to 12114.14, the Standard & Poor's 500 gained 3.27 points, or 0.25%, to 1313.95 and the Nasdaq Composite advanced 4.67 points, or 0.17%, to 2774.12.
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Feb 07 in Stock Market News | 0 Comment(s)
According to toy maker, Hasbro, the decline in revenue is seen in the entertainment and licensing segment to be hurting the profits of the company. However, sales in the girls and international categories helped to rein in the losses.
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Feb 07 in Stock Market News | 0 Comment(s)
Warren Buffett’s Berkshire Hathaway Inc has written an open letter to the Wesco board last September suggesting $386.55 per share as the offer to Wesco shareholders to simplify Berkshire’s holdings.
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Feb 07 in Stock Market News | 0 Comment(s)
The most active U.S. natural-gas driller, Chesapeake has been reeling under high debt for quite some time now. The company is expected to mop-up $5 billion by selling its Fayetteville shale holdings and its stakes in two companies.
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Feb 07 in Stock Market News | 0 Comment(s)
Washington based Danaher Corp is expected to start the process of a tender offer of $83.50 a share for all of Beckman Coulter’s outstanding shares within a week.
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Feb 07 in Stock Market News | 0 Comment(s)
The Q4 earnings of Humana Inc. which were reported to show a steep fall of 57% is due to rising medical claims costs, say the company spokesperson. The company has also raised per-share earnings estimate by 25 cents to $5.70 to $5.90.
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Feb 07 in Stock Market News | 0 Comment(s)
The political uncertainty in Egypt continues to guide the price pattern of Brent crude trading in the international market in London and New York. It was only last Friday that the traders had booked profits amidst weak jobless data in the United States.
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Feb 07 in Stock Market News | 0 Comment(s)
The two precious metals, gold and silver, which tumbled in extreme last January is seen by the investor as a safe bet and the market sources expect silver to rise as much as 23 percent and gold 20 percent respectively before the end of the year.
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Feb 07 in Stock Market News | 0 Comment(s)
The Sanofi, Genzyme deal talks, which were conducted over a long week end by France's Sanofi-Aventis and U.S. biotech Genzyme remained inconclusive largely because of non agreement on a fee tied to the performance of a drug Genzyme is developing. Arriving at a fair fee or CVR for a drug designed to treat multiple sclerosis is difficult process, said market sources.
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Feb 07 in Stock Market News | 0 Comment(s)
In a statement AOL's chief executive Tim Armstrong said that the acquisition of The Huffington Post will create a next-generation American media company with global reach that combines content, community and social experiences for consumers,"
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Feb 06 in Stock Market News | 0 Comment(s)
OPEC may have to call an emergency meeting in case the crisis in Egypt blows out to cause the closure of Suez Canal. Speaking to the media persons, he, however, ruled out the possibility of that happening in the near future.
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Feb 06 in Stock Market News | 0 Comment(s)
American Trust Bank and North Georgia Bank in Georgia and Community First Bank Chicago, Illinois were asked to down their shutters by the state regulators. The steep fall in home and commercial property values have made these lending institutions go bankrupt, said the Federal Deposit Insurance Corp.
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Feb 06 in Stock Market News | 0 Comment(s)
The Bank of America was found guilty of deceptive practices on three counts i.e. alleged breach of contract, unjust enrichment and usury, agreed for the settlement on January 27 in a court filing by both the parties. There are two dozen other banks including Citigroup Inc., JPMorgan Chase & Co and Wells Fargo & Co which were charged in overdraft class action suit heard in Miami federal court.
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Feb 06 in Stock Market News | 0 Comment(s)
The uncertainty in Middle East is slowly beginning to bother the markets, albeit, in a minor way. The acknowledgement came in the form of a caution to investors for no kneejerk buying and to simply wait for a correction and then perhaps participate in a buying opportunity.
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Feb 06 in Stock Market News | 0 Comment(s)
Speaking at the National Press Club, Bernanke reemphasized the need for industry to help create more jobs for long lasting economic prosperity in US.
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Feb 06 in Stock Market News | 0 Comment(s)
Speaking at the National Automobile Dealers Association annual convention, General Motors Co President Mark Reuss said that the company will move out of coastal area and instead focus on Los Angeles and San Francisco. However he did not clarify the financial implications of the proposed overhaul of dealer network.
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Feb 06 in Stock Market News | 0 Comment(s)
Two agencies taken over by the government in 2008 amidst the financial crisis, were to be restructured as per the recommendations of the Dodd-Frank reform bill passed last year.
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Feb 06 in Stock Market News | 0 Comment(s)
The most prominent news of the last week was the S&P 500, which has seen the best week in past nine weeks, going slightly down to correct its oversold levels. Secondly, the VIX, a gauge of investor anxiety went down this week discounting unrest in the Middle East and oil prices.
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Feb 06 in Stock Market News | 0 Comment(s)
Some four month back Obama’s senior aide had called the Chamber's political tactics a "threat to our democracy." The comment came after the U.S. Chamber of Commerce had released air ads attacking Democrats. Hopefully, the sources say, photo opportunity on Monday will help the Obama bury some of antagonism that had marked the relationship between industry and democrats.
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Feb 06 in Stock Market News | 0 Comment(s)
According to Sanofi officials, the company is going to offer $74 a share and other financial incentives as a part of the takeover of Genzyme Corp. The additional payments are however subject to performance of the Genzyme’s experimental multiple sclerosis drug Lemtrada.
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Feb 05 in Stock Market News | 0 Comment(s)
The factors which helped the treasury market shot up yesterday include acceleration in manufacturing in Europe and China. The global economy is recovering is the message we get from the treasury market where higher-yielding assets are looking more attractive.
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Feb 05 in Stock Market News | 0 Comment(s)
Comparing the events in last three years to those during Great depression, he spoke about the legitimate demands of investors who want to know whether companies are disclosing accurate numbers, whether policing of Wall Street is done regularly and above all whether someone is making market fair. As the investor’s advocate he said, SEC is performing ` as high as it has ever been’.
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Feb 05 in Stock Market News | 0 Comment(s)
The need for fast pacing of the research to contain and capture oil from underwater well is holding up new exploration activities in Arctic Ocean. Houston-based Helix Energy Solutions Group and the Exxon Mobil are the two companies who have been entrusted with the task of developing technologies which will rein in runaway wells.
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Feb 05 in Stock Market News | 0 Comment(s)
The mortgage business will now be separately handled by foreclosures and discontinued loan products unit. The legacy asset servicing unit which was closed in 50 states in October will resume its operations, said Bank of America spokesman.
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Feb 05 in Stock Market News | 0 Comment(s)
The global economy is in a pretty good shape hence any fluctuation in oil prices have already been covered for, even as the solution to Egyptian crisis is not in sight as yet.
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Feb 05 in Stock Market News | 0 Comment(s)
What has raised eyebrows amongst many is unemployment rate has not fallen because of job growth but simply by subtracting population figures by US Labor Department January data. Secondly, can a survey of 60,000 households is good enough to determine the national unemployment rate, they ask.
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Feb 05 in Stock Market News | 0 Comment(s)
The desire to refinance the government loans comes at a time when Chrysler has reported $1.4 billion in cash last year and expects to generate another $1 billion this year. The need to pay off US and Canadian government loans, say sources had led the company to hold talks with Goldman Sachs and other investment banks to restructure the debt.
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Feb 05 in Stock Market News | 0 Comment(s)
Mitsubishi Motors North America’s decision to commence production at comes at a time when the state of Illinois had announced a slew of tax incentives to the company to continue its operations.
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Feb 05 in Stock Market News | 0 Comment(s)
The computer network of Nasdaq is rated at par with power grids and air-traffic-control operations, making it a part of the nation's basic infrastructure, however has been under constant threat from the hackers.
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Feb 05 in Stock Market News | 0 Comment(s)
Earlier this week, Federal Reserve Chairman has warned against any undue euphoria in light of economic revival seen in certain industries. NASDAQ discounted these fears. However this week Dow went up by 2.2% to close at 12,092, S&P 500 was up by 0.3% at 1310 and Nadaq rose 0.6%, closing at 2769.
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Feb 05 in Stock Market News | 0 Comment(s)
The Baltimore based Constellation Energy Q4 has lost 96% i.e. $982.6 million, or $4.90 per share for the full year. The revenue has dwindled to 8 percent to $14.3 billion.
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Feb 05 in Stock Market News | 0 Comment(s)
The strong sales and including sales of Microsoft Corp.’s Kinect gaming system has contributed to revenue generation of $473.5 million, up from $342.9 million last year.
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Feb 04 in Stock Market News | 0 Comment(s)
The economists had predicted a creation of 146,000 new jobs last month. However as the Labor Department announced that the employers have added only 36,000 workers, the market reacted negatively, since US is the world’s biggest oil-consuming country.
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Feb 04 in Stock Market News | 0 Comment(s)
The succession plan of Apple Inc, a technology giant, has riddled in to controversy since Job went on medical leave for the first time in August 2004.After that in recent times he took yet another medical leave for six months in early 2009 to have a liver transplant. Now he is on leave again without specifying any reason.
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Feb 04 in Stock Market News | 0 Comment(s)
Few days back, European Central Bank President Jean-Claude Trichet has ruled out increase in euro zone interest rate in near term which had fuelled the rally in the currency market. US labour data announced today along with new found buoyancy in the economy has spurred dollar.
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Feb 04 in Stock Market News | 0 Comment(s)
Unlike December when job gain reached 121,000, the January job data of US Labour department shows a modest increase of 36,000 new jobs. The shortfall in job creation is attributed to snowfall in the month of January. One estimates say more than 886,000 Americans could not join the work due to winter storm.
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Feb 04 in | 0 Comment(s)
Wall Street was abuzz with excitement and sent Tyson Foods Inc stock up by 6.3% in pre market trading. The company has attributed the increased revenues to selling of beef and fork at higher market price.
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Feb 04 in Stock Market News | 0 Comment(s)
January job report is to focus on three areas: economic growth, industries, services and employment generation. The economy is gaining ground, laid out people are back on their jobs, services sector is opening up, however, unemployment rate of 9.5% may dampen the mood of the market.
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Feb 04 in Stock Market News | 0 Comment(s)
The improvement in Aetna Inc. Q4 profits has occurred because of fall in medical claims against the paid premiums by the insured, say the analysts. The market welcomed the results as it exceeded its expectations of $3.27 for the year. Aetna Inc. Q4 projected EPS for the year stood at $3.80 per share.
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Feb 04 in Stock Market News | 0 Comment(s)
According to CEO Peter Voser, the postponements will remain effective till 2012. This has become necessary, he told the media persons, as the regulators are not convinced about the Royal Dutch Shell’s capacity to contain an `out of control’ well in icy waters of Arctic.
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Feb 04 in Stock Market News | 0 Comment(s)
Even as Ben Bernanke, Fed Chief spoke of economic growth; the markets looked with dismay at the firing that took place in Egypt on street demonstrators.
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Feb 04 in Stock Market News | 0 Comment(s)
The decline in fortunes of print media company, New York Times, comes at a time, the company spokesman argued when, ``New York Times continues to do a great job managing costs.”
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Feb 03 in Stock Market News | 0 Comment(s)
Ben Bernanke commented upon three important issues: Economic growth will increase this year, the unemployment rate will remain high and low inflation will continue. In short he argued for long term perspective in tackling the crisis.
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Feb 03 in Stock Market News | 0 Comment(s)
The oil futures market driven by Egyptian crises has began to forecast stoppage of oil lines in Suez Canal as well as spreading of Islamic unrest across Saudi Arabia.
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Feb 03 in Stock Market News | 0 Comment(s)
More than 3, 63,000 Ford pickup truck’s door handlers were assessed as defective by the U.S. National Highway Traffic Safety Administration (NHTSA) yesterday.
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Feb 03 in Stock Market News | 0 Comment(s)
The labor department data released ahead of comprehensive labour survey expected tomorrow, shows there were 4, 15,000 initial jobless claims for the week.
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Feb 03 in Stock Market News | 0 Comment(s)
Master Cards Q4 met the market expectations since the announced EPS of $3.16 exceeded $3.05, an estimate put forward by the analysts. Speaking on the occasion, CEO Ajay Banga of the Purchase, said, the company will now on focus on emerging markets to increase it’s what he called, war on cash across the globe.
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Feb 03 in Stock Market News | 0 Comment(s)
MTV Networks and Paramount Pictures’ owner Viacom, which has a major stake in cable business continued to perform better, while the film making unit’s revenues dropped by 16% to plunge the Q1 profits of Viacom up to 77% in the first quarter.
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Feb 03 in Stock Market News | 0 Comment(s)
Dow Chemical Q4 results which were announced today was beyond market expectations. The company reported earnings of 47 cents per share is bound to help the stock to react positively on opening today. Yesterday it closed at $36.64, which is just below 52 weeks high.
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Feb 03 in Stock Market News | 0 Comment(s)
Crude oil prices increased on Thursday as the unrest in Egypt continues, rather worsens, and fears also arise that this instability can sprawl throughout the region, interrupting the oil exports.
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Feb 03 in | 0 Comment(s)
Deutsche Bank’s profits dropped for the year 2010 as the earnings of the full year as well as for the fourth-quarter dipped by more than ½ as it engaged the cost of purchasing Deutsche Postbank as well as other acquisitions.
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Feb 03 in Stock Market News | 0 Comment(s)
The revenues generated from the television ads in US and abroad have significantly contributed towards the doubling of net income in last three months. Wall Street welcomed the Q4 figures of News Corp. which showed the company earning at 29 cents a share which is one cent higher than the market expectations.
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Feb 03 in Stock Market News | 0 Comment(s)
Santander UK’s net profit increased 1 percent last year to £1.7 billion on solid margins, stated the company.
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Feb 03 in Stock Market News | 0 Comment(s)
Unilever’s sales increased for its fourth quarter as the company reported the same on Thursday. The leader of consumer goods is now confident about handling the rising prices of commodities and the competition from its rivals.
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Feb 03 in Stock Market News | 0 Comment(s)
Euro was steady on Thursday, looming not quiet far under the 12 week high, as the market expected a meeting of the Central Bank of Europe as well as news conference, where the warlike comments might provide it a boost further.
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Feb 03 in Stock Market News | 0 Comment(s)
Sony profits dropped for the third quarter by 8.6%, reported the company on Thursday, even though this Japanese entertainment and electronics firm makes a new energy in gaming and music with a range of new gadgets and services.
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Feb 03 in Stock Market News | 0 Comment(s)
Shell shares today fell by 3%, despite the firm reporting a rise of 48.2% in the adjusted profit for the 4th quarter, as refining closedowns, weaker trading and higher taxes caused the firm difficult to meet the expectations.
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Feb 02 in Stock Market News | 0 Comment(s)
The monster, a snow storm which has hit the U.S. Northeast and the Midwest is said to be the worst ever winter blizzard in last 40 years. Already we have cancelled more than 5000 flights on Tuesday, so this makes it second consecutive day of flight cancellations, said United Airlines sales executive.
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Feb 02 in Stock Market News | 0 Comment(s)
The analysts are now looking forward to another rise in oil prices. In fact one report says the gasoline prices may go up to $3.50 per gallon by May even as the crude oil prices hover around $100 a barrel in the international market.
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Feb 02 in Stock Market News | 0 Comment(s)
The drug and medical device maker, Hospira shares were immediately brought down by the market to $ 50.95 i.e. 7% down in early trading. The company’s net income fell by 36 cent per share at $60.6 million from $96.7 million last year.
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Feb 02 in Stock Market News | 0 Comment(s)
The AOL’s turnaround strategy the market pundit’s say has failed to significantly change the prospects of the company. The revenues from the advertising and subscription, the mainstay of the strategy, fell by 29% and 23% respectively in last quarter.
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Feb 02 in Stock Market News | 0 Comment(s)
The ADP report further mentions that job layoffs for the month is the lowest since 1993. Both the figures together portray not just signs of economic recovery but ``the job momentum is going the right way’’, say the investment advisor.
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Feb 02 in Stock Market News | 0 Comment(s)
Borders shares dipped on Wednesday in the pre-market trading post the media reports stated that the firm might file for bankruptcy in Chapter 11 in the coming few weeks.
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Feb 02 in Stock Market News | 0 Comment(s)
Time Warner Inc. profits and revenues increased for the fourth quarter as was reported on Wednesday. Time Warner’s profits and revenues beat the expectations of Wall Street. The increase was possible because for a hike of 21% at the firm’s division of cable networks, in advertising sales.
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Feb 02 in Stock Market News | 0 Comment(s)
US stocks prepared for a flat opening on Wednesday, interrupting post the rally of the prior session and in the lead of an employment report of the private-sector which is anticipated to exhibit increase of new 145,000 jobs in the month of January.
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Feb 02 in Stock Market News | 0 Comment(s)
Whirlpool’s profits increased for the fourth-quarter by a little-than-anticipated 80%, although Whirlpool’s revenue surpassed the estimates as higher unit volume and cost-cutting and counterbalance the higher costs of the materials.
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Feb 02 in Stock Market News | 0 Comment(s)
Mattel profits dropped for the 4th quarter and the net income of the firm during the important holiday quarter decreased 1% on greater costs although revenue climbed on solid sales of Fisher-Price and Barbie toys.
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Feb 02 in Stock Market News | 0 Comment(s)
The 2nd biggest household appliance firm in the world, Electrolux’s 2010 profits increased, as it announced the same on Wednesday, reporting that its dividend and annual profits rose more than 50%, but Electrolux however said that the year 2011 would give them just a modest growth in the business amidst the increasing raw materials prices.
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Feb 02 in Stock Market News | 0 Comment(s)
The New York Times said on Wednesday that China’s interest rates are most likely to increase again, in under a month’s time, quoting a forecast of bankers and economists with noesis of the thought of the policy makers in China.
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Feb 02 in Stock Market News | 0 Comment(s)
Citigroup acquired EMI label on Tuesday, from Terra Firma, thus ending the calamitous ownership of the private equity company’s well known music company. Citigroup acquiring EMI would also make the firm’s sales more possible.
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Feb 02 in Stock Market News | 0 Comment(s)
BP’s Texas Refinery, the 3rd biggest refinery in the country, would go on sale as the company announced so on Tuesday. BP’s Texas Refinery would be put on sale as its part of reconstituting of the downstream operations of the company.
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Feb 02 in Stock Market News | 0 Comment(s)
The world’s biggest creator of the famous plasma TVs, Panasonic Corp’s profits dropped for the 3rd quarter as these profits were below the estimates of the analysts. Panasonic’s profits dropped post the sales of its TV’s fell.
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Feb 01 in Stock Market News | 0 Comment(s)
Paccar Inc. reported higher profits on Tuesday, for its fourth-quarter as its profits for the 4th quarter more than tripled as solid sales in the European market provided revenue better than what was expected.
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Feb 01 in Stock Market News | 0 Comment(s)
Archer Daniels Midland Co. or ADM reported higher profits on Tuesday for its 2nd quarter as the company saw a of 29% rise in earnings as it drove soaring demands of exports of grains and friendly ethanol margins.
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Feb 01 in Stock Market News | 0 Comment(s)
On Tuesday, the crude oil prices remained well above $100 as the market measured Egypt’s unrest risk sprawling to the contiguous members of the OPEC, but the crude oil prices however stayed well below yesterday’s high amount of $101 on lesser growth of factories in China.
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Feb 01 in Stock Market News | 0 Comment(s)
Energizer Holdings Inc. profits dropped for the first quarter, as it reported on Tuesday, and this drop was a lot bigger than what was being expected, by the analysts as the net income as well as the forecasted net income of the full-year came below the expectations of the analysts, as the firm continues its struggle with greater commodity costs and lesser battery prices.
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Feb 01 in Stock Market News | 0 Comment(s)
Pfizer profits 2010 for its 4th quarter almost quadrupled compared to a year back at the same time, the company said, when it was pressed down by reconstituting charges, as the revenue climbed 6%, all thanks to the products that were added from Wyeth, which the company took over towards the end of the year 2009.
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Feb 01 in Stock Market News | 0 Comment(s)
Lexmark International Inc reported profits for the 4th quarter that topped the estimates of the analysts on a record earning from the sale of its laser printers.
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Feb 01 in Stock Market News | 0 Comment(s)
United Parcel Services Inc. or UPS profits 2010 for the fourth-quarter climbed 48% as the margins and revenue soared and topped the estimated of the analysts.
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Feb 01 in Stock Market News | 0 Comment(s)
Covidien reported profits for the 1st quarter, which was more than what was anticipated, and the profits increased nearly 4% on the sales of medical devices.
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Feb 01 in Stock Market News | 0 Comment(s)
Oil giant in Britain, BP reported profits of nearly 30% for its fourth-quarter today and the firm also announced that it would begin giving a quarterly dividend as well as sell off half of its current capacity of refining in America, as it remolds its business after one of the biggest oil spills in the history of the U.S.
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Feb 01 in Stock Market News | 0 Comment(s)
US. stocks today, i.e. Tuesday, braced for a better second day gains as the worries about the unrest in Egypt continues to settle down and the investors expect reports on corporate and manufacturing earnings.
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Jan 31 in Stock Market News | 0 Comment(s)
Although unrest in Egypt is cited as one of the reasons for upswing the market analysts say after the release of US economic data and inflation figures market was expecting the ``a return of appetite for risk’’.
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Jan 31 in Stock Market News | 0 Comment(s)
A merger of equals as it is termed will lead to creation of a new real estate development company synergizing the strengths of ProLogis and AMB, which are leaders in industrial land development and warehousing business respectively.
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Jan 31 in Stock Market News | 0 Comment(s)
The reason behind this massive upsurge in profits, the Exxon says is due to rising demands in emerging markets and the modest growth in the Us and Europe. The dividend declared for the Q4 is $0.44 for the fourth quarter, up 5 per cent from the equivalent period of 2009.
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Jan 31 in Stock Market News | 0 Comment(s)
The design error which was detected in one of its chips is to cost Intel up to $700 million in repairs and replacement. The world’s largest semiconductor manufacturer has found the fault in its latest processor model called Sandy Bridge.
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Jan 31 in Stock Market News | 0 Comment(s)
Chrysler Group LLC’s profits dipped for the fourth quarter, when it reported a loss of $199 million on Monday and further added saying that the strength of Chrysler’s line up of new vehicles would help the firm squeeze out a little profit in 2011.
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Jan 31 in Stock Market News | 0 Comment(s)
Markets were more than enthused at the Gannett’s Q4 performance. Gannett which was down at $14.62 for some time rose marginally to $14.75 in early trading, however the technical indicators suggest that the share will reach up to $15.46 in near future.
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Jan 31 in Stock Market News | 0 Comment(s)
Alpha Natural Resources might buy Massey Energy Co, for a deal of $7.1 billion, the firm in the midst of a dangerous accident in coal mining in West Virginia last year, the Reuters say.
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Jan 31 in Stock Market News | 0 Comment(s)
The France based media conglomerate Lagardère, on Monday said that that it agreed to sell off its business of international magazine, which includes titles like Driver and Car and the editions of non-French Elle and the U.S based publishing company Hearst will buy Lagardere magazines for a whopping 651 million euros.
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Jan 31 in Stock Market News | 0 Comment(s)
Israel gave its first response, officially, to the turmoil in Egypt, when Benjamin Netanyahu, the Israeli Prime Minister said that Israel is apprehensively following all the events and situations in Egypt.
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Jan 31 in Stock Market News | 0 Comment(s)
Euro value rose on Monday, against the American dollar as above-forecast of inflation of euro zone kept the view alive, that the rates of interest might rise sooner in the region than what was thought previously.
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Jan 30 in Stock Market News | 0 Comment(s)
Chinese micro blogging websites blocked ‘Egypt’ in the searches in an indication that the government of China is worried that the protests and turmoil in Egypt asking for political reform in Egypt could be revealed in to the internet space in China.
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Jan 30 in Stock Market News | 0 Comment(s)
An operator on the waterway of Suez Canal said that the shipping traffic via the Suez Canal till date has remained unmoved by protests and unrest in Egypt that has been happening in past days, an official with the waterway’s operator said today.
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Jan 30 in Stock Market News | 0 Comment(s)
The CEO of Pepsi Co, Indra Nooyi, wishes that the days were longer and had 50 hours, so that the CEO’s could squeeze in all their meetings in Davos at the World Economic Forum.
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Jan 30 in Stock Market News | 0 Comment(s)
Egyptians are still waiting and watching for an uncertain weekend – Sunday, wondering if there are more anti-government and violent protests possible today again.
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Jan 30 in Stock Market News | 0 Comment(s)
The Gulf Stock markets in many Middle Eastern countries, where a lot of top companies have stakes in the country of Egypt, dipped on Sunday on climbing concerns about the developments in some of the most thickly settled Arab nation.
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Jan 30 in Stock Market News | 0 Comment(s)
The Egyptian government has ordered saying that they will be shutting down the bureau of Al Jazeera in Cairo; said so the network on Sunday in a statement.
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Jan 30 in Stock Market News | 0 Comment(s)
Goldman Sachs CEO Lloyd Blankfein received a salary of almost three times of his base salary and also was given $12.6 million of shares, even post the net income of the bank dipped last year.
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Jan 29 in Stock Market News | 0 Comment(s)
According to details filed in with the U.S. Securities and Exchange Commission by LinkedIn the company has been able to register profits only in last two quarters. It has posted several quarterly losses prior to reporting profits. The company argues that losses are primarily due to its investment in technology and it maintains that the revenues will not shoot up in near future.
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Jan 29 in Stock Market News | 0 Comment(s)
It was a avoidable disaster happened mostly due to regulatory failures, corporate mismanagement and stock market’s collective prolificacy perpetuated by street smart investors. US Financial Crisis report however blames one and all without coming up with answers for the reasons behind the Federal Reserve and other regulators permitting the dangerous `` calamitous concoction’’.
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Jan 29 in Stock Market News | 0 Comment(s)
Massey shareholders will be given cash incentive of $10 a share along with one Alpha share for one Massey share as compensation for takeover by the Alpha Natural. The Massey stock which is traded at $57.23 in last session, the buyout looks quite attractive at $68 a share along with cash transfers.
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Jan 29 in Stock Market News | 0 Comment(s)
After the economic slump with its attendant problems such as settlement of civil charges from the SEC, new regulatory directions and static markets, Goldman Sachs for the first time since 2007, has decided to raise salaries of its top brass to reward for their services.
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Jan 28 in Stock Market News | 0 Comment(s)
The value neutral transaction to be undertaken by Verizon Communications Inc at the cost of $1.4 billion has boosted the stock price of Terremark which is traded at $18.97 in early morning trading.
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Jan 28 in Stock Market News | 0 Comment(s)
AirTran shares dipped as the company which has agreed on getting acquired by Southwest Airlines Co, said that greater fuel prices has led to their lesser quarterly profit.
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Jan 28 in Stock Market News | 0 Comment(s)
Arena Pharmaceuticals shares or Arena Pharma shares dip 15% as renewed concerns in relation to its disapproved diet-pill uprose and the Wall Street interrogated the company’s ability to file again for approval through its declared year end goal.
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Jan 28 in Stock Market News | 0 Comment(s)
The major reason for the fall in prices is attributed to investment in infrastructure by Amazon, the discount retailing giant, at the cost of investor sentiment. It cannot expand the margins in depressed markets where food and fuel cost are high, says analysts.
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Jan 28 in Stock Market News | 0 Comment(s)
Blackstone Group LP, Carlyle Group and WL Ross & Co., the private investors who funded the Bank United‘s acquisition for $900 million are said to trim their stakes after the IPO. Sold at $27 apiece during public offer is now quoting at $29.50 at NYSE.
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Jan 28 in Stock Market News | 0 Comment(s)
Though the other three divisions, aeronautics, information systems and space systems divisions declined in revenue generation the Lockheed could show better earning only due to a defense contract of 10 close-to-shore combat ships and a Integrated defense missile works.
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Jan 28 in Stock Market News | 0 Comment(s)
Chevron’s profits rose higher than what was expected of it in its fourth quarter reports, on Friday, raised by the acute oil price rise and its stake sales in a pipeline firm.
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Jan 28 in Stock Market News | 0 Comment(s)
The net decline in profit pegged at $6.63 billion or 77 cents a share further aggravated the crisis for Microsoft which is attributed to fall in sales of windows software.
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Jan 28 in Stock Market News | 0 Comment(s)
Taco Bell is sued because of the claims which state that the beef it uses in its tacos and other items is not beef and the company thus responded with a promise of a suit in return and slammed the reports claiming the above as false.
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Jan 28 in Stock Market News | 0 Comment(s)
The creator of Ball Park hotdogs, Sara Lee Corp has made Marcel Smits the chief executive officer (CEO) of the company and the firm stated that it would divide in to two when it failed to agree for takeover bids from the potential suitors.
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Jan 28 in Stock Market News | 0 Comment(s)
US oil led for its largest decline in the week in New York, ever since the month of November as more supply from OPEC is expected to swell up the American inventories. The Brent crude oil climbed to a track record premium over American prices for the 2nd day.
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Jan 28 in Stock Market News | 0 Comment(s)
Ford’s 2010 profits that the company reported on Friday are the biggest profits that the company has earned in the last 11 years, which totals up to $6.6 billion, and Ford’s 2010 profits has been a consequence of the soaring global sales as well as the cost cuts which were made at a extended turnaround plan.
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Jan 27 in Stock Market News | 0 Comment(s)
The reason behind the decision appears to be twofold: Firstly, the GM has $20 billion in cash to fund its product planning and secondly, the loan application withdrawal will wash off some of the stigma associated $50 billion government sponsored bailout in 2008.
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Jan 27 in Stock Market News | 0 Comment(s)
The rising commodity prices have fueled the demand for mining equipment which has given growth impetus to Caterpillar. The company officials say this year the net sales may reach up to $50 billion and net profits may surpass $6 per share.
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Jan 27 in Stock Market News | 0 Comment(s)
Nielsen Holdings B.V. which has been in debt for a long time will be going public. Nielsen Public Offering is expected to help the company tide over its financial problems. The company expects to turn around soon and make a mark in its line of business.
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Jan 27 in Stock Market News | 0 Comment(s)
Most analysts, with low expectations from the Procter & Gamble in the range of $1.10 per share were more than satisfied with volume driven growth. According to company, organic sales growth, cost savings and falling tax rate has helped the company to stem the decline.
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Jan 27 in Stock Market News | 0 Comment(s)
According to Abbott Chairman Miles White, the health care reforms and the regulation have made getting approvals for new drugs extremely difficult leading to revenue loss. The company’s earnings went down to 92 cents a share compared the 98 cents a share last year.
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Jan 27 in Stock Market News | 0 Comment(s)
Both the airlines companies which have been reporting huge losses since June 2006 showed net revenue earnings of $ $28 million, which in case of US Airways is the second best ever reported by the company. United Continental, posted $160 million in profits beating markets estimates.
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Jan 27 in Stock Market News | 0 Comment(s)
Conoco-Philips financials has represented a healthy trend. The revenues for the last quarter and the entire year is very good. The profits have been very good too. Analysts feel that this could set a trend for the companies in the oil industry.
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Jan 27 in Stock Market News | 0 Comment(s)
Toyota’s quality issues are not a thing of the past. They still continue. The company is still grappling with products which have minor faults. The clients are not happy and hence the organization is trying hard to find solutions.
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Jan 26 in Stock Market News | 0 Comment(s)
The fourth quarter results of Tellabs took the stock sliding down to $5.60 i.e. 20% fall in the morning trading. The wireless backhaul, equipment used by the carriers such as AT&T Inc, Tellabs’s main driver of its remarkable growth at bourses has now become obsolete, reports markets analysts.
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Jan 25 in Stock Market News | 0 Comment(s)
Kleenex tissues and Huggies diapers’ manufacturer, Kimberly-Clark announced $1.5 billion stock purchase plan along with increased dividend this morning. As a result shares rose by more than 3 % in early morning trading, buy back is expected to support the undervalued stock.
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Jan 25 in Stock Market News | 0 Comment(s)
American Express revenues during the fourth quarter was very good. It has been enabling the purchase decisions of many citizens over the years. The recovery of the economy aids the purchasing decisions of consumers and American Express helps in making such decisions.
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Jan 25 in Stock Market News | 0 Comment(s)
MacDonalds is about to hike the prices of few of its products soon. The MacDonalds menu will sport a difference as the value of items listed is expected to become high. This is due to the pricing pressure faced by MacDonalds from its vendors.
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Jan 24 in Stock Market News | 0 Comment(s)
The Intel Corp. which is sitting of huge cash also announced 15% dividends at its board meeting along with share buyback program. This takes it authorized repurchase to $14.2 billion. The company with record revenue and profits has gained 6.1% in past on year.
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Jan 24 in Stock Market News | 0 Comment(s)
As a part of the deal between the Google Inc. and Eric Schmidt, who worked on limited salary of $1 for years, $100 million worth of equity was awarded to Schmidt as per the statutory filing with the SEC on Monday.
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Jan 24 in Stock Market News | 0 Comment(s)
The two things which went against McDonald’s Corp in the early trading at Nasdeq and Dow were fall in sales at Latin America and growing food preparation costs at the giant’s US and Europe markets.
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Jan 24 in Stock Market News | 0 Comment(s)
Rock-Tenn will be acquiring Smurfit-Stone a company in the same space. Rock-Tenn’s acquisition of Smurfit-Stone will mean that it will be second largest company in the field. The organization that focuses on reduced cost and satisfying its clients will benefit immensely from this acquisition.
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Jan 24 in Stock Market News | 0 Comment(s)
Even though the US stocks have began upward journey at the exchanges last week most of the analysts feel that today’s Intel dividend, McDonald's Corp and Halliburton Co’s fourth quarter profit is not going to push it up further .
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Jan 24 in Stock Market News | 0 Comment(s)
Funds of about USD 1 billion has been collected from Facebook investors by the company. It is a major step in the company’s initiative to do greater things for its future. Goldman Sachs was instrumental in Facebook getting the funds from its investors.
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Jan 24 in Stock Market News | 0 Comment(s)
Haliburton did well during the last financial year and Haliburton’s Annual Report showed a healthy trend. During its last quarter, the company posted a profit. Revenue increased beating analysts’ expectations.
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Jan 24 in Stock Market News | 0 Comment(s)
J.C.Penney which is facing increasing competition has initiated a series of measures to make a mark. Once of the measures is bringing in new faces to the J.C.Penney board. Apart from the change to the J.C.Penney board, the company is looking at other avenues.
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Jan 24 in Stock Market News | 0 Comment(s)
The US inflation rate 2010 showed signs of easing. This was reflected in the renewed economy. In order to contain the inflation within agreeable limits, senior members of the US federal government are proposing a target for the US inflation.
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Jan 24 in Stock Market News | 0 Comment(s)
Along with the US and the rest of the world, the European market also faced tough times during the last two years. European economic review during that time show that it was on a negative trend. But now things are improving.
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Jan 21 in Stock Market News | 0 Comment(s)
Not since the days of the Great Depression, US and the rest of the world have seen a slowdown as the one that happened about six months back. It brought down many businesses and jobs in US were becoming a rarity. As the slowdown eases, the government seems to be making the right moves to enhance the jobs in US.
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Jan 21 in Stock Market News | 0 Comment(s)
General Electric (GE) profited bigger revenues and earnings Friday in the fourth-quarter, which beat the expectations of Wall Street, getting a rise from solid growth in the orders of the equipment.
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Jan 21 in Stock Market News | 0 Comment(s)
There has been a restructuring of Hewlett-Packard board members to create a stimulus within the organization.
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Jan 21 in Stock Market News | 0 Comment(s)
Google Top Management has undergone a change with Larry Page taking over from Eric Schmidt.
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Jan 21 in Stock Market News | 0 Comment(s)
The Bank of America Corp, which is America’s biggest banks in assets, reported a loss of $1.24 billion in the fourth-quarter as it promoted supplies tied to litigation and bad loans and it wrote down it’s mortgage unit’s value.
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Jan 21 in Stock Market News | 0 Comment(s)
HTC Sales numbers are set to grow during the next quarter due to increase in demand for handsets. Moreover manufacture of models that have been capturing people’s imagination has caused the decision to increase HTC Sales numbers.
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Jan 21 in Stock Market News | 0 Comment(s)
With the oil industry showing signs of recovery after the great slowdown, allied industries such as Schlumberger also see an increase in business. Schlumberger’s income during its last financial quarter increased substantially as the need for its business grew to a large extent.
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Jan 21 in Stock Market News | 0 Comment(s)
The US stocks steered for a better Friday open, as the capitalists continue to muse the tech industry shakeups as well as the most recent revenues from Bank of America and General Electric.
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Jan 21 in Stock Market News | 0 Comment(s)
OPEC now faces ever increasing cries for boosting the production of oil as the prices of crude oil in Africa and Asia exceed $100 per barrel for the very first time in the last two years.
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Jan 21 in Stock Market News | 0 Comment(s)
Adopting the same policy like its competitor AT&T, the company Verizon is now altering its accounting in such a manner so that it successfully moves $20.2 billion value of losses of the future into past.
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Jan 20 in Stock Market News | 0 Comment(s)
The US jobless rate has always been an indicator of the health of the US economy. The jobless rate has declined over the past few weeks in the US, boosting industry trends.
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Jan 20 in Stock Market News | 0 Comment(s)
Research states that majority of the US citizens are obese. This is attributed to bad food habits and lack of exercise. Wal Mart intends to contribute to a national cause by stocking Wal Mart healthy food.
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Jan 20 in Stock Market News | 0 Comment(s)
World Economic Forum Global Competitiveness report is of the opinion that the power is shifting towards countries that are in their development phase.
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Jan 20 in Stock Market News | 0 Comment(s)
The Citibank Management team has undergone a change with the elevation of Mr.John Havens as the Chief Operating Officer.
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Jan 20 in Stock Market News | 0 Comment(s)
Supervalu’s number of stores in the Northeastern States has undergone a sea change. They have been drastically cut to ensure the sustenance of the rest of Supervalu’s number of stores.
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Jan 20 in Stock Market News | 0 Comment(s)
Apple has been a major driver of introducing newer products into the market. Apple’s New Products over the years have created a buzz amongst people.
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Jan 20 in Stock Market News | 0 Comment(s)
The Greece Financial Crisis has taken a heavy toll on Greece’s economy. It does not seem to subside and it seems likely that people holding Greek bonds may not be paid in full.
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Jan 20 in Stock Market News | 0 Comment(s)
Amazon the leading online retailing company for books, movies, and so on is gearing up to face a changing world by buying LoveFilm, an online video rental service company. This would enhance the Amazon Video on Demand business.
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Jan 20 in Stock Market News | 0 Comment(s)
The Chinese economy has been on a roll during the last year. At the same time, the Chinese inflation has increased causing worry amongst investors.
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Jan 20 in Stock Market News | 0 Comment(s)
As businesses improve across the globe, the major companies in the US especially the US Airlines industry is also getting back to normal times
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Jan 19 in Stock Market News | 0 Comment(s)
The quarterly earning of Goldman Sachs went up by 21% on Wednesday.
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Jan 19 in Stock Market News | 0 Comment(s)
President Obama welcomed the Chinese President Jintau Hu, at the White House, who is in the country for a two-day-official visit.
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Jan 19 in Stock Market News | 0 Comment(s)
The fourth quarter earnings of Wells Fargo, the fourth biggest bank in the U.S, rose by 21%
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Jan 19 in Stock Market News | 0 Comment(s)
U.S Stocks Wednesday heading for an insipid and flat opening, as the investors expect results of the earnings from financial giants.
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Jan 19 in Stock Market News | 0 Comment(s)
Apple Steve Jobs announced a medical leave again and left the investors disappointed. Apple stock fell significantly since Steve Jobs speech
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