Home » Archive for July, 2013
US Home Prices in May Reach Highest Level since 2006
Home prices in May increased the most since 2006. This is an indicator that the recovery in residential real estate got some momentum. The S&P/Case-Shiller index of property values increased 12.2 percent from May 2012. This was... More of this article »
Chart Industries PT Raised to $130.00 (GTLS)
Equities research analysts at Northland Capital Partners raised their target price on shares of Chart Industries (NASDAQ:GTLS) from $110.00 to $130.00 in a research note issued to investors on Tuesday, Analyst Ratings.Net reports.... More of this article »
Riverbed Technology Lowered to “Sector Perform” at Pacific Crest (RVBD)
Riverbed Technology (NASDAQ:RVBD) was downgraded by research analysts at Pacific Crest from an “outperform” rating to a “sector perform” rating in a report released on Wednesday, TheFlyOnTheWall.com reports.... More of this article »
Yahoo Buying Back Millions Of Shares From Investor (NASDAQ:YHOO)
Activist hedge fund Third Point LLC has announced an agreement to sell two-thirds of its stake in Yahoo Inc back to the company for a profit. Third Point has agreed to sell 40 million of its shares back to the company and keep about... More of this article »
Albemarle Corp. Coverage Initiated by Analysts at Topeka Capital Markets (ALB)
Stock analysts at Topeka Capital Markets began coverage on shares of Albemarle Corp. (NYSE:ALB) in a report issued on Wednesday, Stock Ratings Network reports. The firm set a “hold” rating on the stock. The analysts wrote,... More of this article »
Insys Therapeutics Now Covered by Analysts at Oppenheimer (INSY)
Analysts at Oppenheimer started coverage on shares of Insys Therapeutics (NASDAQ:INSY) in a research report issued to clients and investors on Wednesday, StockRatingsNetwork.com reports. The firm set an “outperform” rating... More of this article »
Benchmark Co. Downgrades R.R. Donnelley & Sons Co. to Hold (RRD)
R.R. Donnelley & Sons Co. (NYSE:RRD) was downgraded by research analysts at Benchmark Co. from a “buy” rating to a “hold” rating in a report released on Wednesday, AnalystRatingsNetwork.com reports. They... More of this article »
Rockwell Automation Rating Lowered to Market Perform at Wells Fargo & Co. (ROK)
Rockwell Automation (NYSE:ROK) was downgraded by stock analysts at Wells Fargo & Co. from an “outperform” rating to a “market perform” rating in a report issued on Wednesday, TheFlyOnTheWall.com reports.... More of this article »
BioCryst Pharmaceuticals Rating Lowered to Underperform at Bank of America Corp. (BCRX)
BioCryst Pharmaceuticals (NASDAQ:BCRX) was downgraded by equities research analysts at Bank of America Corp. from a “neutral” rating to an “underperform” rating in a research note issued to investors on Wednesday,... More of this article »
Compass Minerals International Rating Increased to Neutral at JPMorgan Chase & Co. (CMP)
Compass Minerals International (NYSE:CMP) was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday,... More of this article »
Canaccord Genuity Increases Generac Holdings Price Target to $47.00 (GNRC)
Stock analysts at Canaccord Genuity lifted their target price on shares of Generac Holdings (NASDAQ:GNRC) from $45.00 to $47.00 in a report issued on Friday, StockRatingsNetwork reports. The firm currently has a “buy” rating... More of this article »
Prostitution Raid nets 159 Men
On Monday, the Federal Bureau of Investigation announced that an operation across the nation led to the arrests of 159 men over the past few days, charged with forcing at least 105 teenage girls to be prostitutes. Authorities said... More of this article »
Audience Lowered to Neutral at Chardan Capital (ADNC)
Audience (NASDAQ:ADNC) was downgraded by equities researchers at Chardan Capital from a “buy” rating to a “neutral” rating in a research report issued on Friday, Analyst Ratings Network reports. They currently... More of this article »
Centrica Rating Reiterated by RBC Capital (CNA)
Centrica (LON:CNA)‘s stock had its “sector performer” rating restated by equities research analysts at RBC Capital in a research note issued to investors on Tuesday, Analyst Ratings Network reports. They currently... More of this article »
Another Executive Change at Yahoo! (NASD: YHOO)
Yahoo! Inc (NASD: YHOO) has announced that said David Dibble, the company’s senior vice president of central technology, has resigned. The news is rather unexpected, but perhaps a sign of the continuing changes being put in place... More of this article »
Target (NYSE: TGT), Wal-Mart (NYSE: WMT), J.C. Penney (NYSE: JCP), and Sears (NASD: SHLD) Bring On Back To School Shopping
While the calendar has not yet turned from July to August yet, the onslaught of back to school shopping commercials have commenced, and early signs indicate it will be a brutal battle amongst the nation’s largest retailers to get... More of this article »
Amazon (NASD: AMZN), Dell (NASD: DELL) Post Disappointing Results
Amazon (NASD: AMZN) and Dell (NASD: DELL), once high fliers in the tech industry, seem to have fallen on tough times recently, albeit for very different reasons. Today, both firms posted disappointing earnings, and their stock prices... More of this article »
Apple and Samsung Domination of Smartphone Market Over
Samsung and Apple get new competition in the smartphone market as the two companies’ combined market share dropped to 43 percent in the second quarter from 49 percent the previous year. This was according to the research firm IDC. Old... More of this article »
Elan to be acquired by Perrigo
Perrigo Co, a maker of medicines sold over the counter and based in the United States, has agreed to purchase Elan Corp, an Irish drug maker for $8.6 billion in order to gain a lower tax base for its expansion internationally. Those... More of this article »
Coffee Drinking Linked to Lower Suicide Rates
A study, which recently concluded, was published online suggesting a link between the consumption of coffee and a reduced suicide rate. Harvard School of Public Health researchers reviewed the data of three large studies done in the... More of this article »
Zynga Shares Fall after Dropping Plans for Online Gambling
Zynga, which is a social networking games company, dropped the most in a year after it announced the abandonment of its plans to venture into the online gambling business in the United States. The company is known for games such as... More of this article »
Jewel Thief Escapes from Swiss Prison
A Bosnian thief, a member of the notorious Pink Panther gang of thieves, is a gang’s third member to successfully escape a prison in Switzerland since May. The Pink Panther gang made up of members from the area are jewel thieves... More of this article »
US Demand Offset Slowdown in Europe to Give GM Profit
The strong demand for GM vehicles in North America helped the company earn second quarter profit above the estimated $1.2 billion. It offset the problems the company faced in the European car market. The largest US motor manufacturer... More of this article »
Cruise Liner Fails Unexpected Health Inspection
The Center for Disease Control conducted a surprise health inspection on one of the world’s plushest cruise ships, which resulted in the ship receiving a failing grade. A report released by the Vessel Sanitation Program of the CDC... More of this article »
Citigroup Inc. Increases Hanesbrands Price Target to $63.00 (HBI)
Research analysts at Citigroup Inc. increased their target price on shares of Hanesbrands (NYSE:HBI) from $60.00 to $63.00 in a report released on Thursday, Stock Ratings Network reports. The firm currently has a “buy”... More of this article »
Symantec Corp. Price Target Increased to $30.00 by Analysts at Robert W. Baird (SYMC)
Research analysts at Robert W. Baird boosted their price target on shares of Symantec Corp. (NASDAQ:SYMC) from $23.00 to $30.00 in a report released on Thursday, AnalystRatingsNetwork reports. The firm currently has an “outperform”... More of this article »
Cadence Design Systems Price Target Cut to $19.00 by Analysts at Piper Jaffray Cos. (CDNS)
Piper Jaffray Cos. dropped their price target on shares of Cadence Design Systems (NASDAQ:CDNS) from $20.00 to $19.00 in a research note issued on Thursday, StockRatingsNetwork reports. Piper Jaffray Cos.’s target price would... More of this article »
HanesBrands Acquires Maidenform
HanesBrands Inc. announced that it has bought Maidenform Brands Inc. The deal is worth at $575 million. It is the union of two major companies in the delicates business. HanesBrands is known for the brands Hanes, Playtex, Champion,... More of this article »
Coty Now Covered by Analysts at Wells Fargo & Co. (COTY)
Equities research analysts at Wells Fargo & Co. initiated coverage on shares of Coty (NYSE:COTY) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating... More of this article »
Durant and Love Commit to playing for Team USA
The two Kevins -Durant and Love – have delivered news that supporters of USA basketball have wanted to hear. The two announced they would both play in the 2014 FIBA World Cup basketball competition next summer in Spain. The... More of this article »
Coty Coverage Initiated at Merrill Lynch (COTY)
Equities researchers at Merrill Lynch started coverage on shares of Coty (NYSE:COTY) in a research report issued on Tuesday, StockRatingsNetwork.com reports. The firm set a “buy” rating on the stock. Other equities research... More of this article »
Xoom Corporation (XOOM) Releases Quarterly Earnings Results
Xoom Corporation (NASDAQ:XOOM) released its earnings data on Wednesday. The company reported $0.14 earnings per share for the quarter, StockRatingsNetwork.com reports. The company had revenue of $33.50 million for the quarter, compared... More of this article »
Cadence Design Systems (CDNS) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS
Cadence Design Systems (NASDAQ:CDNS) posted its quarterly earnings results on Wednesday. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.01, AnalystRatingsNetwork.com reports.... More of this article »
Apple Shares Soar as Profit Beats the Street
Apple, Inc shares soared on Wednesday after the tech giant posted profits that beat Wall Street analysts’ expectations. In early morning trading on Wednesday, shares on Wall Street were up over $19 an increase of more than 5%. During... More of this article »
Sony Smartphone Facing Difficulties In Japan (NYSE:SNE)
Sony is banking on smartphones to revive its electronics business, which is struggling. According to estimates, Sony’s Xperia Z smartphone has already sold almost a million units. Even though the phone just recently made its United... More of this article »
Nokia Shows Bigger Screen Lumia to the World
Nokia, the Finland based mobile phone manufacturer, has launched a new Lumia smartphone that has a bigger screen than its low-priced predecessor does. The launch took place on Tuesday aiming to lessen the gap between Nokia and Samsung,... More of this article »
E-Bay (NASD: EBAY), Google (NASD: GOOG), and Amazon (NASD: AMZN) Competing in Growing Same Day Delivery Space
Online retail giant Amazon (NASD: AMZN) has led the way in the industry, pioneering much of the virtual marketplace as we know it today. In recent years the firm has sought to overcome one of the major issues in e-commerce, the delay... More of this article »
Netflix (NASD: NFLX) Results Impressive, But Stock Sinks Anyway
By and large, market observers came in yesterday expecting Netflix (NASD: NFLX) to post disappointing earnings that would push the stock down. Looking back now, only one of those two things happened. Netflix’s second-quarter... More of this article »
Coty Coverage Initiated by Analysts at Bank of America Corp. (COTY)
Analysts at Bank of America Corp. began coverage on shares of Coty (NYSE:COTY) in a research report issued to clients and investors on Tuesday, Analyst Ratings Network reports. The firm set a “buy” rating on the stock.... More of this article »
Developer Portal at Apple Hacked
Apple, Inc, the Cupertino, California based tech giant has been forced to shut down its website for developers, after there was a security breach. The breach, said company officials, might have compromised the names, email addresses... More of this article »
FAA wants 787 inspections following Fire
The Federal Aviation Administration has called for airlines to inspect the emergency transmitters in every Boeing 787 Dreamliner after investigators in Britain traced a fire in a parked plane back to a transmitter. On Saturday, a proposal... More of this article »
Woman Dies on Roller Coaster at Six Flags
Investigators are now attempting to determine how a woman fell from the world’s tallest steel and wooden roller coaster and died at the amusement park Six Flags Over Texas. At 6:30 pm on Friday, the incident took place in Arlington. A... More of this article »
Colts Tight End Suspended for PEDs
Problems in the offseason for the Indianapolis Colts continued on Thursday when the NFL handed down a suspension of eight games to Weslye Saunders the Colts tight end. The violation by Saunders was his second one regarding the league’s... More of this article »
Intel Slashes Annual Revenue Estimate as PC Sales Decline
Intel managed to reach its earnings target but it slashed its full year revenue forecast due to the drop in PC sales and the transition toward smartphones and tablets. Shares initially increased after-hours but it dropped 4 percent... More of this article »
China expected to pass U.S. as biggest Superpower
A new survey by the Pew Research Center of more than 38,000 people across 39 countries found that the majority belief China is on its way to surpassing the U.S. as the world’s top superpower. In just six of the 39 countries did a... More of this article »
Barnes & Noble Ceases Manufacture Of Color Nook Versions (NYSE:BKS)
Barnes & Noble reported a big loss at its Nook e-reader division for the fourth quarter. The loss in the division dragged down the company’s fourth-quarter results. As a result, Barnes & Noble will no longer make its own... More of this article »
US Homebuilder Confidence Grows More than Estimate
Homebuilder confidence in the United States increased more than the estimate in July to the highest level since January 2006 as companies became more upbeat about sales prospects. The National Association of Home Builders/Wells Fargo... More of this article »
Concern increases at the rising cost of dying
Recent research into the rising cost of funerals in the UK has sparked a great deal of debate within various circles. National and local governments, financial institutions and various members of Church hierarchy have been discussing... More of this article »