Apr
30th
Barnes & Noble Shares Surge Over 50% On Microsoft Partnership
By Kelly Curtis
Barnes & Noble Shares Surge Over 50% On Microsoft
Partnership
Bookseller Barnes & Noble saw its shares surge more than 50 percent on Monday after a joint announcement that Microsoft has agreed to invest $300 million in the company's Nook e-book and e-reader business. The deal will not only increase the value of the fast-growing Nook business, but also gives Microsoft its first substantial presence in the sector. Under the terms of the deal, announced early Monday morning, Microsoft will take a 17.6 percent stake in the Nook unit, which will gain $300 million in cash to use in its ongoing battle for market share with Apple's iPad and Amazon's Kindle.
Bookseller Barnes & Noble saw its shares surge more than 50 percent on Monday after a joint announcement that Microsoft has agreed to invest $300 million in the company's Nook e-book and e-reader business. The deal will not only increase the value of the fast-growing Nook business, but also gives Microsoft its first substantial presence in the sector. Under the terms of the deal, announced early Monday morning, Microsoft will take a 17.6 percent stake in the Nook unit, which will gain $300 million in cash to use in its ongoing battle for market share with Apple's iPad and Amazon's Kindle.
Apr
30th
Humana Profit Slips 21 Percent Despite 11 Percent Revenue Surge
By Betty
Humana Profit Slips 21 Percent Despite 11 Percent
Revenue Surge
Humana Inc. issued its first-quarter results Monday, posting a 21 percent slide in net income as an increase in insurance claims outpaced a gain in revenue and the company also increased capital spending in preparation for expected membership growth in its lucrative Medicare Advantage program. The insurer also raised its expectations for earnings for the full year, however, from a previous forecast of $7.50 to $7.70 per share to $7.55 to $7.75 per share. Earnings and the forecast were short of Wall Street expectations, however, leading to an 8 percent slip in the company's shares in early trading on Monday.
Humana Inc. issued its first-quarter results Monday, posting a 21 percent slide in net income as an increase in insurance claims outpaced a gain in revenue and the company also increased capital spending in preparation for expected membership growth in its lucrative Medicare Advantage program. The insurer also raised its expectations for earnings for the full year, however, from a previous forecast of $7.50 to $7.70 per share to $7.55 to $7.75 per share. Earnings and the forecast were short of Wall Street expectations, however, leading to an 8 percent slip in the company's shares in early trading on Monday.
Apr
30th
LDK Solar Posts Massive 1st Quarter Loss as Margins Fall to Negative
By Dave Simmons
LDK Solar Posts Massive 1st Quarter Loss as Margins
Fall to Negative
LDK Solar Company posted its fiscal fourth-quarter results Monday, posting a net loss due o slumping demand and prices for solar-related products that saw the company's revenue decline by about 50 percent and drove the company's gross margins into negative territory. The solar industry has been struggling over the last few years as an oversupply of solar panels caused by government subsidies offered to those who produce them has driven prices down substantially. In addition, demand has been weakened by economic weakness in Europe, the world's largest market for solar products.
LDK Solar Company posted its fiscal fourth-quarter results Monday, posting a net loss due o slumping demand and prices for solar-related products that saw the company's revenue decline by about 50 percent and drove the company's gross margins into negative territory. The solar industry has been struggling over the last few years as an oversupply of solar panels caused by government subsidies offered to those who produce them has driven prices down substantially. In addition, demand has been weakened by economic weakness in Europe, the world's largest market for solar products.
Apr
30th
Apple Used Loopholes to Save Billions in Taxes
By Mike Goldman
Apple Used Loopholes to Save Billions in
Taxes
According to a report published in the New York Times over the weekend, tech-giant Apple Inc. used a number of legal tax loopholes to avoid paying millions of dollars in taxes in the US, and billions worldwide, to which Apple responded that it pays an enormous amount of taxes, and follows all the lax laws in every market in which it does business. According to the NYT piece, the world's most valuable company by market cap paid $3.3 billion in taxes globally in 2011 on total profits of $34.2 billion, giving the company an effective tax rate of 9.8 percent. About 30 percent of the company's earnings were earned in the US market.
According to a report published in the New York Times over the weekend, tech-giant Apple Inc. used a number of legal tax loopholes to avoid paying millions of dollars in taxes in the US, and billions worldwide, to which Apple responded that it pays an enormous amount of taxes, and follows all the lax laws in every market in which it does business. According to the NYT piece, the world's most valuable company by market cap paid $3.3 billion in taxes globally in 2011 on total profits of $34.2 billion, giving the company an effective tax rate of 9.8 percent. About 30 percent of the company's earnings were earned in the US market.
Apr
30th
US Consumer Spending Grew in March, but at Slower Pace than February
By Frank Galvano
US Consumer Spending Grew in March, but at Slower Pace than
February
The US Commerce Department reported Monday that consumer spending slowed in March despite an increase in incomes in the world's largest economy. The report showed that spending rose by 0.3 percent, a third of the 0.9 percent increase in February, and below the 0.5 percent increase expected by economists in a recent Bloomberg survey. When inflation is factored in, spending growth was even slower, at just 0.1 percent. Personal incomes, meanwhile, increased by a slightly higher 0.4 percent during the month, double the 0.2 percent increase in spending from the prior month.
The US Commerce Department reported Monday that consumer spending slowed in March despite an increase in incomes in the world's largest economy. The report showed that spending rose by 0.3 percent, a third of the 0.9 percent increase in February, and below the 0.5 percent increase expected by economists in a recent Bloomberg survey. When inflation is factored in, spending growth was even slower, at just 0.1 percent. Personal incomes, meanwhile, increased by a slightly higher 0.4 percent during the month, double the 0.2 percent increase in spending from the prior month.
Apr
26th
U.S. Stock Market Summary - April 26, 2012
By Kelly Curtis
U.S. Stock Market Summary - April 26, 2012
US stocks posted solid gains on Thursday as positive remarks from Fed Chairman Ben Bernanke on Wednesday and an increase in pending US home sales combined with a drop in unemployment claims offset a batch of mixed corporate earnings. Bernanke said Wednesday that the economic recovery is moving along at this point, but that the central bank is sitting at the ready to take further stimulus action if needed. Jobless claims edged up by a thousand over the previous week, and pending home sales rose 13 percent year-over-year.
US stocks posted solid gains on Thursday as positive remarks from Fed Chairman Ben Bernanke on Wednesday and an increase in pending US home sales combined with a drop in unemployment claims offset a batch of mixed corporate earnings. Bernanke said Wednesday that the economic recovery is moving along at this point, but that the central bank is sitting at the ready to take further stimulus action if needed. Jobless claims edged up by a thousand over the previous week, and pending home sales rose 13 percent year-over-year.
Apr
26th
ExxonMobil Shares Weigh on Dow Following Dismal Earnings Report
By Mike Goldman
ExxonMobil Shares Weigh on Dow Following Dismal Earnings
Report
Exxon Mobil issued its first quarter results Thursday, posting an 11 percent slide in profit as the world's largest oil conglomerate suffered weak results in its chemical and refining arm and a slowdown in production. The disappointing results mark Exxon's first slide in net income since late 2009, when oil prices slumped sharply at the height of the recession.
Exxon Mobil issued its first quarter results Thursday, posting an 11 percent slide in profit as the world's largest oil conglomerate suffered weak results in its chemical and refining arm and a slowdown in production. The disappointing results mark Exxon's first slide in net income since late 2009, when oil prices slumped sharply at the height of the recession.
Apr
26th
Jobless Claims Down Slightly
By Frank Galvano
The numbers for those claiming new jobless benefits dropped
slightly last week, however, they still are higher compared to
earlier in the year. The latest drop suggests that the labor
market may be stalling.
Initial jobless claims fell by 1000 to 388,000. Last month employers added 120K new jobs, which is the least since October 2011. The 4-week moving average for new claims rose to 381,750, higher than it has been since early January 2012.
Initial jobless claims fell by 1000 to 388,000. Last month employers added 120K new jobs, which is the least since October 2011. The 4-week moving average for new claims rose to 381,750, higher than it has been since early January 2012.
Apr
26th
Pending Home Sales Rise 4.1%
By Frank Galvano
Pending home sales were up 4.1% compared to the previous month and
nearly 13% higher compared to a year ago. NAR chief economist
Lawrence Yun stated, “The housing market has clearly turned the
corner.....Rising sales are bringing down inventory and creating
much more balanced conditions around the country, which means home
prices will be rising in more areas as the year progresses."
Apr
25th
U.S. Stock Market Summary – April 25, 2012
By Kelly Curtis
U.S. Stock Market Summary – April 25, 2012
US stocks posted solid gains on Wednesday after Federal Reserve Chairman Ben Bernanke issued a surprisingly upbeat update on the economy. Investors welcomes Bernanke's comments but were also encouraged by a series of mostly upbeat corporate earnings reports from companies including Apple, Boeing, and Delta Airlines, among others. All three major US indexes began the day trading sharply higher, but backed off slightly leading up to Bernanke's address, which sent them back up to post session highs late in the day.
US stocks posted solid gains on Wednesday after Federal Reserve Chairman Ben Bernanke issued a surprisingly upbeat update on the economy. Investors welcomes Bernanke's comments but were also encouraged by a series of mostly upbeat corporate earnings reports from companies including Apple, Boeing, and Delta Airlines, among others. All three major US indexes began the day trading sharply higher, but backed off slightly leading up to Bernanke's address, which sent them back up to post session highs late in the day.
Viewing 1 - 10 of 177
Top Stories
Latest DT's
-
2 months ago by Geno -
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by Geno
-
3 months ago by Geno
Top Authors
Subscribe
Games
Alias
3 Foot Ninja 2
ALIAS 2
Air Dodge
Battle Tanks
Bomber Bob
Cable Capers
Gem Mania
Hacker
Hostile Skies
Mission Mars
Bowling
Samurai Warrior
The Pharoh's Tomb
Monkey Lander
Muay Thai
Action
Donkey Kong Banana Barrage
501 Dart Challenge
Rooftop Skater
Zelda
Donkey Kong
Xtreme Pinball
Tetris
Connect 4
Battleships
Frogger
Penguin Push
Online Video Poker
Spank The Monkey
Mob Pay Back
Dealer
Yeti Sports Seal Bounce
Hold Your Drink Steady
Solitaire
Canyon Glider
3D Sudoku
Metal Slug Rampage
Street Fighter II
Flashman
Disc Golf
Table Tennis
Ninja Air Combat
Celebrity Hitman Terrorist Alert
Spider Solitaire
Tubin
Presidential Knockout
Global Player
Ma Balls
Baseball
Beckham Fit
