Sears Same-Store Sales Slump in December, Forecasts Strong Q4 Earnings
Filed under: Forecasts, Sears Holdings (SHLD) Tuesday morning, Sears Holding (SHLD) released a bit of good and a bit of bad news. Let's start with the bad news.
The retailer announced that its same-store sales dropped 1.7% during December. The company'...
Alaskan Pipeline Shutdown Pushes BP Lower
Filed under: BP p.l.c. ADS (BP)Earlier today, shares of oil behemoth BP plc (BP) slid lower thanks to the shutdown of the Trans-Alaska Pipeline System. The shutdown took place on Saturday, as a leak was discovered at the 800-mile network that transport...
Alimera Sciences Plummets on FDA Decision
Filed under: Bad NewsBiopharmaceutical firm Alimera Sciences (ALIM) is considerably lower Monday (more than 16% at the time of writing) thanks to news that regulators have declined to approve it treatment for retinal swelling. The FDA sent Alimera a Co...
AMD and Intel to Introduce Combination Chips
Filed under: Intel (INTC), Advanced Micro Dev (AMD)We may soon see "one of the biggest advances in years in the technology that powers laptop and desktop computers," according to the Wall Street Journal, as chipmakers begin to merge microprocessors and...
Toyota Agrees to Pay $32.4 Million in Fines
Filed under: Toyota Motor Corp. (TM)Japanese automaker Toyota (TM) announced that it has agreed to pay a record $32.4 million in further fines to the U.S. government to settle an investigation into the way it handled recent recalls.
The company's board...
Fed Holds Rates Steady, Surprises No One
Filed under: Economic DataThe news is out, the Federal Reserve decided to leave its key interest rate and the size of its bond purchase program unchanged. This move should surprise very few, with the tepid reaction from investors serving as evidence. T...
HCP to Buy Assets of HCR ManorCare
Filed under: Deals, Competitive StrategyEarlier today, real estate investment trust HCP Inc. (HCP) announced that it will purchase all the real estate assets of HCR ManorCare. HCP will purchase HCR's roster of rehab and nursing facilities, which totals...
McDonald’s Global Same-Store Sales Increase
Filed under: McDonald's (MCD), Technical AnalysisMcDonald's (MCD) said that its global comparable sales increased by 4.8% during November. "McDonald's continued strong performance reflects the benefits of our global alignment around the Plan to Win," ...
Unilever Receives a Double Upgrade
Filed under: Analyst Upgrades and Downgrades, Technical AnalysisConsumer-goods behemoth Unilever (UN) was among the stocks making headway Tuesday morning. The British firm received an upgrade to overweight from underweight by brokerage firm Morgan Stan...
Unemployment Data Is Disturbing, Underemployment Numbers Are Staggering
Filed under: Economic Data, Financial CrisisThis morning, my colleague Connie Madon reported that initial jobless claims showed a disappointing gain of just 39,000 jobs and an unemployment rate at a seven-month high of 9.8%. Remember that the Street ex...
Yum! Brands Affirms 2010 Earnings Growth Outlook
Filed under: McDonald's (MCD), Yum Brands (YUM)Moments ago, food firm Yum! Brands (YUM) reaffirmed its 2010 earnings per share (EPS) growth forecast. Ahead of its annual investor meeting, the group restated expectations for EPS growth of 14%, less spec...
Google Faces European Anti-Trust Probe
Filed under: Google (GOOG), Microsoft (MSFT)Google (GOOG) found itself in the news spotlight Tuesday morning. First, the company announced that it is going to make a substantial offer to purchase coupon site Groupon. The other news is that the company ...
