Wall St. Brief: Cisco Ends 7-Year Partnership, Alcoa Earnings on Deck
Alcoa (NYSE:AA) will report its earnings after the bell on Tuesday with analysts forecasting its third-quarter earnings per share falling to $0.01 from $0.15 from the previous year with revenue...
View ArticleWall Street Brief: Alcoa’s Losses Soften, Toyota Issues Massive Recall
Toyota (NYSE:TM) is recalling worldwide 7.43 million cars from a potential fire risk in its power window switches; they could potentially melt if lubricants are misapplied. This affects 2.47 million...
View ArticleWall Street Brief: Sprint Jumps on Softbank Rumor, BP Nears Deepwater Horizon...
BP (NYSE:BP) and the Justice Department are nearing a deal to resolve the company’s civil and criminal liabilities from the 2010 Deepwater Horizon spill, reported the Wall Street Journal. The two sides...
View ArticleWall Street Brief: JPMorgan Beats the Street, Amazon Makes Zip on Kindles
JPMorgan’s (NYSE:JPM) third-quarter earnings exceeded forecasts as earnings per share increased to $1.40 from $1.02; net profit rose to $5.7 billion from $4.3 billion and revenue jumped 6 percent to...
View ArticleThe Week Ahead: Earnings in Full Swing, Monthly Retail Sales Report
This week, investors will need to fasten their seat belts as it will be a busy week with earnings reports. In a five-day period, 40 percent of the Dow’s components (12 companies) along with 79 of the...
View ArticleWall Street Brief: Amazon Talking to Texas Instruments, Softbank Takes Stake...
Softbank (SFTBF.PK) announced it will purchase a 70 percent stake in Sprint (NYSE:S) for $20.1 billion. This represents Japan’s greatest overseas acquisition since around 2000. Softbank will buy $8...
View ArticleWall Street Brief: UnitedHealth Profit Beats the Street, Intel and IBM...
UnitedHealth’s (NYSE:UNH) third quarter net profit rose 28 percent to $1.6 billion and its $1.50 earnings per share exceeded forecasts, but the 8 percent revenue increase to $27.3 billion missed...
View ArticleWall Street Brief: Intel Lowers Forecasts, Bank of America Tanks
With four billionaires controlling TNK-BP through a 50 percent share, they have agreed to sell their stake to Rosneft for $28 billion, reported Sky News. The sale price comes in higher than expected...
View ArticleWall Street Brief: Sprint Makes a Move on Clearwire, Microsoft and Google...
Rosneft has made a $28 billion cash and stock offer to purchase BP’s (NYSE:BP) stake in TNK-BP. The company would then receive $15 billion-$20 billion in cash and a 10 percent to 20 percent stake in...
View ArticleWall Street Brief: Microsoft and Google Fall Short, General Electric’s EPS Soars
After a rough earnings report, Google (NASDAQ:GOOG) pulled it together for its earnings call on Thursday and said its mobile business run rate, which includes ads and Google Play, climbed to $8 billion...
View ArticleWall St. Brief: Cisco Ends 7-Year Partnership, Alcoa Earnings on Deck
Alcoa (NYSE:AA) will report its earnings after the bell on Tuesday with analysts forecasting its third-quarter earnings per share falling to $0.01 from $0.15 from the previous year with revenue...
View ArticleWall Street Brief: Alcoa’s Losses Soften, Toyota Issues Massive Recall
Toyota (NYSE:TM) is recalling worldwide 7.43 million cars from a potential fire risk in its power window switches; they could potentially melt if lubricants are misapplied. This affects 2.47 million...
View ArticleWall Street Brief: Sprint Jumps on Softbank Rumor, BP Nears Deepwater Horizon...
BP (NYSE:BP) and the Justice Department are nearing a deal to resolve the company’s civil and criminal liabilities from the 2010 Deepwater Horizon spill, reported the Wall Street Journal. The two sides...
View ArticleWall Street Brief: JPMorgan Beats the Street, Amazon Makes Zip on Kindles
JPMorgan’s (NYSE:JPM) third-quarter earnings exceeded forecasts as earnings per share increased to $1.40 from $1.02; net profit rose to $5.7 billion from $4.3 billion and revenue jumped 6 percent to...
View ArticleThe Week Ahead: Earnings in Full Swing, Monthly Retail Sales Report
This week, investors will need to fasten their seat belts as it will be a busy week with earnings reports. In a five-day period, 40 percent of the Dow’s components (12 companies) along with 79 of the...
View ArticleWall Street Brief: Amazon Talking to Texas Instruments, Softbank Takes Stake...
Softbank (SFTBF.PK) announced it will purchase a 70 percent stake in Sprint (NYSE:S) for $20.1 billion. This represents Japan’s greatest overseas acquisition since around 2000. Softbank will buy $8...
View ArticleWall Street Brief: UnitedHealth Profit Beats the Street, Intel and IBM...
UnitedHealth’s (NYSE:UNH) third quarter net profit rose 28 percent to $1.6 billion and its $1.50 earnings per share exceeded forecasts, but the 8 percent revenue increase to $27.3 billion missed...
View ArticleWall Street Brief: Intel Lowers Forecasts, Bank of America Tanks
With four billionaires controlling TNK-BP through a 50 percent share, they have agreed to sell their stake to Rosneft for $28 billion, reported Sky News. The sale price comes in higher than expected...
View ArticleWall Street Brief: Sprint Makes a Move on Clearwire, Microsoft and Google...
Rosneft has made a $28 billion cash and stock offer to purchase BP’s (NYSE:BP) stake in TNK-BP. The company would then receive $15 billion-$20 billion in cash and a 10 percent to 20 percent stake in...
View ArticleWall Street Brief: Microsoft and Google Fall Short, General Electric’s EPS Soars
After a rough earnings report, Google (NASDAQ:GOOG) pulled it together for its earnings call on Thursday and said its mobile business run rate, which includes ads and Google Play, climbed to $8 billion...
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