Home » Archive for August, 2013
Krispy Kreme Stock Falls on Earnings Report
Winston-Salem, North Carolina based Krispy Kreme Doughnuts has left its investors with a bad taste in their mouths. The doughnut company’s shares dropped sharply on Friday after the release of its fiscal second quarter earnings were... More of this article »
Verizon Wants to Buyout Vodafone in Wireless Unit
Vodafone confirmed that it is in talks to sell to Verizon Communications its 45 percent stake in Verizon Wireless. Analysts said that the deal could be worth around $125 billion. Verizon has been trying to buy the stakes. It could... More of this article »
Labor Day Travel Predicted to be Higher
AAA has predicted that the highest number of travelers will hit the road since the recession and they will average 594 miles for a round trip this Labor Day weekend. AAA Travel predicts that over 34.1 million people living in the U.S.... More of this article »
Joy Global Hits Lowest Level in a Month
Joy Global, which is the biggest manufacturer of underground mining equipment, dropped to its lowest price in a month after it announced that it anticipates a decline in sales for the rest of the year as demand for large shovels and... More of this article »
New York Times Site Operating Again Following Cyberattack
Hackers from Syrian attacked the website of the The New York Times underscoring how vulnerable the media websites are as they become more and more complex by integrating more software and content from their vendors. On Wednesday, the... More of this article »
DHS Bulletin Warns of Malware Aimed At Google’s (NASD: GOOG) Android Operating System
With success comes emulation, that’s how the old saying goes. Well, in the tech market, especially in operating systems, success breeds people trying to find loopholes in the system. Google’s Android operating system is the most... More of this article »
Nintendo (OTC: NTDOY) Launching a New Device, And Price Cuts Coming for Wii U
Nintendo (OTC: NTDOY) has been struggling to complete in the gaming technology market as of late. As more and more tablet users are flocking to apps, while hard core gamers are embracing PlayStation and X-Box systems, Nintendo has... More of this article »
Apple (NASD: AAPL) Acquisitions May Load Functionality For Future iPhones
Apple (NASD: AAPL) has always had an appetite for acquisitions. The acquisitions made by the firm historically have been aimed and bringing in a specific group of people, or a specific technology that they could embed in their organization... More of this article »
Facebook (NASD: FB) Making Progress in Mobile Advertising
Facebook (NASD: FB) has had a good year in nearly every measure. While many investors worried if the tech firm would ever be able to monetize it’s operation or succeed in the increasing mobile use of the user base, the firm has quickly... More of this article »
Amazon (NASD: AMZN) Fighting Internet Sales Tax
The lack of sales tax on internet purchases has been a major boon to the e-commerce industry, and with falling and free shipping costs, consumers have quickly grown accustomed to this. Recent laws though put this at risk, and that... More of this article »
Consumer Confidence Improves in August
Consumer confidence improved this month as Americans became more optimistic about employment opportunities as well as the outlook for the economy. The Conference Board’s index of sentiment went up to 81.5 from the revised 81 the... More of this article »
Mosques in New York City Deemed Terrorism Organizations
The New York Police Department labeled entire mosques in the city as organization of terrorism. This designation gave police the right to spy on imans, use informants to listen to and record sermons, often without the need of specific... More of this article »
Best Buy (NYSE: BBY) Founder To Sell Shares
Just a year ago, electronic retail giant Best Buy (NYSE: BBY) appeared headed to a major change, going private and trimming down. Well, what a difference a year makes. Richard Schulze, the founder and a major shareholder of the firm... More of this article »
Samsung (OTC: SSNLF) Taking the Tablet Battle To The Playground
Tablet computers are all the rage, as we all know. The market segment created by Apple (NASD: AAPL) and the iPad is taking away laptop and desktop sales, and consumers are flocking to the smaller more efficient app centric internet... More of this article »
High Profile Insider Sales At Facebook (NASD: FB)
Early last summer, the thought of a rally in Facebook (NASD: FB) stock seemed far-fetched. The stock price had famously fallen (quickly), and investors were starting to speculate if the company could ever produce the profits necessary... More of this article »
New CEO Coming To Microsoft (NASD: MSFT), But Who?
Succession planning is an issue that has plagued many organizations, especially when the standing Chief Executive Officer has been with the firm a long time and is a trusted, known entity. But, change is inevitable, and for software... More of this article »
Starbucks now in Whole Foods Stores
Starbucks is entering Whole Foods. The café company will not be opening new cafes inside Whole Foods, but will be selling its Evolution Fresh juice. Starbucks recently purchased the juice brand Evolution Fresh and they will now be... More of this article »
Best Buy (NYSE: BBY) Back From the Brink
Just a year ago, tech retail giant Best Buy (NYSE: BBY) was facing such battered prospects that many speculated if they’d even be in business today. Naysayers said they’ve turned into showrooms for Amazon (NASD: AMZN), and brick... More of this article »
New York Has Average Car Costs
According to a new report made by Bankrate.com, New York is around average when it comes to car costs. The Car Cost Index is based on the costs of repairs, taxes, gasoline, insurance and other fees. According to the study, New York... More of this article »
Would a Microsoft (NASD: MSFT) and Nokia (NYSE: NOK) Marriage Challenge Apple (NASD: AAPL) and Google (NASD: GOOG)?
The future of Microsoft (NASD: MSFT) may look very different from it’s past. The tech giant which once sold Windows operating systems and Office software programs may be embracing a change in strategy, after seeing their bread and... More of this article »
E-Bay (NASD: EBAY) Facing Competition from Apple (NASD: AAPL), and Google (NASD: GOOG) For Paypal
The market for online payment has been dominated by E-Bay’s (NASD: EBAY) Paypal product for much of recent history, though that soon may change if Google (NASD: GOOG) has anything to say about it. The market for mobile payment transactions... More of this article »
Will Apple’s (NASD: AAPL) Rumored iPhone 5C Challenge Google (NASD: GOOG)?
Apple (NASD: AAPL) has a long history of selling premium products at premium prices. While these goods offered an aspirational purchase to many consumers, they were also out of reach for many, and their costs were prohibitively expensive... More of this article »
Target (NYSE: TGT) Posts Mixed Results
The Minneapolis based retail giant Target (NYSE: TGT) announced second quarter adjusted earnings per share of $1.19 last week, and the results are somewhat mixed in positive and negative signs. The results were at the top of the expected... More of this article »
Australian Adam Scott Takes Barclays Title
Adam Scott, this year’s Masters champion, did not think after finishing his final round that his score was enough to win on Sunday in The Barclays tournament. Even his caddie had his golf clubs packed in his travel case. He thought... More of this article »
Amgen to Acquire Onyx
Amgen is said to be close to signing a deal to acquire Onyx Pharmaceuticals Inc., which is a manufacturer of drugs to battle cancer. This is according to people who know about subject. They said that the deal is worth around $10.5... More of this article »
Lenovo Uses Startup for Return of Start Menu on Windows
Sales for Windows at Microsoft Corp have been besieged by the poor demand for personal computers. For five straight quarters, shipments for PCs have declined, which one online researcher predicts will show 2013 as the worst annual... More of this article »
Alzheimer’s Risk Could Increase from Red Meat
Researchers claim that eating large quantities of red meat could increase the risk of developing Alzheimer’s disease because it might increase the iron levels inside the brain. The study was performed on patients who suffer from... More of this article »
Suzuki Reaches 4,000 Hits for His Career
On Wednesday night, with the infield drawn in to protect against a bunt or slow grounder, Ichiro Suzuki hit a soft liner during the first inning for the 4,000th hit of his career. The hit was monumental but the game was not won until... More of this article »
Barnes & Noble Falls 12% due to Poor Earnings Report
Barnes & Noble shares dropped Tuesday after the bookseller released its profits report that showed its retail revenue and sales of Nook e-reader declined in the second quarter. Investors reacted to news that founder and board chairman... More of this article »
Gunman carried AK-47 inside School
On Tuesday, the gunman who entered an elementary school in Georgia and opened fire was armed with a number of different weapons, including an AK-47, said police. The shooter entered the front office of the school and barricaded himself... More of this article »
Apple Guilty In E-Book Case (NASDAQ:AAPL)
A federal judge said the words of Steven P. Jobs helped persuade her that Apple had violated antitrust law. Apple had been accused of conspiring with publishers to raise prices of e-books. The ruling will probably not have an immediate... More of this article »
Samsung Phablet Pushes Smartphone Limits
At one time companies wanted to make the smallest mobile phone available, but times have changed. Samsung Electronics, based in South Korea, has pushed the boundaries on size for smartphones with its line of Galaxy Note and now has... More of this article »
Direct Selling Firms Faces Tough Time Ahead
Industry research company IBISWorld released its most recent report on direct selling companies. It indicated that businesses are expected to pick up as the economy and consumer spending recovers but it would not be the case for direct... More of this article »
JP Morgan in probe involving Chinese
Authorities in the U.S. are investigating JP Morgan the investment bank, over claims the bank hired the children of influential officials in China to earn more business. One claim by those involved in the case is the bank hired a son... More of this article »
Phillips 66 Partners LP Coverage Initiated by Analysts at Deutsche Bank (PSXP)
Stock analysts at Deutsche Bank assumed coverage on shares of Phillips 66 Partners LP (NASDAQ:PSXP) in a report issued on Monday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock. The analysts wrote,... More of this article »
E-House China PT Raised to $8.00 (EJ)
Stock analysts at Oppenheimer lifted their target price on shares of E-House China (NYSE:EJ) from $6.00 to $8.00 in a report issued on Monday, Analyst Ratings Network.com reports. The firm currently has an “outperform”... More of this article »
Pandora Media Price Target Raised to $25.00 at Needham & Company (P)
Analysts at Needham & Company hoisted their price objective on shares of Pandora Media (NYSE:P) from $20.00 to $25.00 in a research report issued to clients and investors on Monday, American Banking & Market News reports.... More of this article »
JPMorgan Chase & Co. Initiates Coverage on Cellular Dynamics International (ICEL)
Investment analysts at JPMorgan Chase & Co. started coverage on shares of Cellular Dynamics International (NASDAQ:ICEL) in a note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set an “overweight”... More of this article »
Intel Corp. Upgraded to Neutral at Piper Jaffray Cos. (INTC)
Intel Corp. (NASDAQ:INTC) was upgraded by analysts at Piper Jaffray Cos. from an “underweight” rating to a “neutral” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com... More of this article »
Harvest Natural Resources Rating Increased to Buy at Wunderlich (HNR)
Harvest Natural Resources (NYSE:HNR) was upgraded by research analysts at Wunderlich from a “hold” rating to a “buy” rating in a report released on Monday, TheFlyOnTheWall.com reports. The firm currently has... More of this article »
UPS Crew told Plane was sinking fast
The pilots on board the United Parcel Service cargo plane that crashed last week were given a warning the plane was descending to quickly, just seconds prior to impact, said crash investigators. An alert in the cockpit announced, “sink... More of this article »
US Consumer Less Optimistic in August
US consumers were worried about the higher interest rates and slower economic growth. These were the factors why they were less optimistic in August as consumer sentiment dropped from July’s six year high. This was according to the... More of this article »
Dow has worst week of 2013
On Friday, stocks were slightly lower at closing after a session that was up and down. Friday’s session followed the sharp declines experienced on Thursday and capped the Dow’s worst week of 2013. On Friday, the Dow was down 0.2%,... More of this article »
Amber released by Nokia for its Lumia Range
Owners of Lumia devices, both low and high end, who want the newest apps for cameras, can start installing them today with a new Amber update. However, some will not receive the Amber update until late September. Nokia started today... More of this article »
Gilat Satellite Networks Ltd Rating Lowered to Sell at TheStreet (GILT)
Gilat Satellite Networks Ltd (NASDAQ:GILT) was downgraded by research analysts at TheStreet from a “hold” rating to a “sell” rating in a report released on Friday, Stock Ratings Network reports. The analysts... More of this article »
Inovio Pharmaceuticals Lowered to Hold at Aegis (INO)
Inovio Pharmaceuticals (NYSE:INO) was downgraded by analysts at Aegis from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, Stock Ratings Network reports. The... More of this article »
US Postal Service Revamps Priority Mail to Improve Revenue
The US Postal Service was overhauled its priority mail service to boost its revenue as well as compete with its private sector competitors FedEx and United Parcel Service. The USPS will provide customers free insurance, no-charge online... More of this article »
Potash Corp Receives New Coverage from Analysts at TheStreet (POT)
Research analysts at TheStreet started coverage on shares of Potash Corp (NYSE:POT) in a report released on Thursday, Stock Ratings Network.com reports. The firm set a “buy” rating on the stock. The analysts wrote, “Potash... More of this article »