Two Former Madoff Employees Charged with Falsifying Records
Two former computer programmers who worked for Bernard Madoff were charged Friday with falsifying books and records, in connection with Madoff’s multi-billion dollar Ponzi scheme.
Friday, November 13, 2009
Dollar General IPO Priced At Low End of Range
In what may be a reflection of the economic times the nation is living in, low-end retailer Dollar General will debut on the New York Stock Exchange on Friday via a $716 million initial public offering.
Friday, November 13, 2009
Sunoco Shares Dip On Goldman Note
Shares of Sunoco (SUN) slumped Friday morning after Goldman Sachs added the energy company to its Conviction Sell List.
Friday, November 13, 2009
Foreclosure Filings Fall for Third Straight Month
The number of homeowners facing foreclosure fell in October for the third time in as many months, but borrowers on the brink remain at dangerously high levels.
Thursday, November 12, 2009
Intel, AMD Settle Legal Disputes
Chipmakers Intel Corp. (INTC) and Advanced Micro Devices (AMD) Thursday announced a $1.25 billion settlement to their antitrust and patent dispute.
Thursday, November 12, 2009
Kohl's 3Q Profit Up Sharply, But Holiday View Is Soft
Kohl’s (KSS) reported a stronger-than-expected 21% increase in third-quarter net income Thursday, but the retailer issued disappointing guidance for the holiday season.
Thursday, November 12, 2009
United Tech May Buy GE's Security Systems Unit
Even as it continues discussions to hand control of NBC Universal to Comcast (CMCSA), General Electric (GE) is eyeing a $1.8 billion sale to unload its security systems unit to United Technologies (UTX), according to a published report.
Wednesday, November 11, 2009
Early-Market Movers: Toll Brothers, A123 System
Here are some of the early-market movers for Tuesday.
Wednesday, November 11, 2009
Adobe to Cut 9% of Workforce
Creative arts software company Adobe Systems (ADBE) said late Tuesday that it will cut approximately 600 positions, or 9% of its workforce, as the company enters 2010.
Wednesday, November 11, 2009
JA Solar 3Q Results Top Views; Shares Rally
JA Solar (JASO) reported third-quarter results that easily exceeded Wall Street’s expectations, sending the Chinese solar company’s stock jumping 6% in the premarkets Tuesday.
Tuesday, November 10, 2009
Early-Market Movers: Priceline.com, MBIA
Here are some of the early-market movers for Tuesday.
Tuesday, November 10, 2009
Tyco Profits Sink, But Beat Expectations
Tyco International (TYC) disclosed a 53% drop in fiscal fourth-quarter profits on Tuesday, but the industrial conglomerate’s results nevertheless exceeded analysts’ projections.
Tuesday, November 10, 2009
The Problems With the Gift That Most of Us Want, But Few Understand
Want to know the number one gift adults would like to receive this holiday season? Here’s a hint: it fits in the palm of your hand… and sometimes mysteriously disappears. It’s ... a gift card!
Monday, November 09, 2009
Dish Network Earnings Dip; Declares One-Time $2 Dividend
Despite adding new subscribers, Dish Network (DISH), the second-largest U.S. satellite television provider, disclosed a steeper-than-expected 1.5% decline in third-quarter quarter revenue on Monday.
Monday, November 09, 2009
McDonald's Sales Rise in October
Driven by strong results in Europe, McDonald’s (MCD) said Monday its same-store sales climbed 3.3% globally in October.
Monday, November 09, 2009
Market Winners & Losers: International Game Technology, AIG
The major indexes ended the week on a positive note after the release of unemployment figures. The Dow closed up 0.2%, the S&P gained 0.3% and the Nasdaq added 0.3%.
Saturday, November 07, 2009
Early-Market Movers: NVIDIA, Crocs
Here are some of the early-market movers for Friday.
Friday, November 06, 2009
Blackstone's 3Q Handily Tops Expectations
Blackstone Group (BX) weighed in with better-than-expected third-quarter earnings on Friday but said the economic recovery could be gradual and uneven and warned commercial real estate trends continued to worsen.
Friday, November 06, 2009
Jobless Rate Jumps To 10.2%
This historic recession has now pushed the U.S. economy to an unemployment rate above 10%, as businesses continue to slice jobs in the weak economic environment.
Friday, November 06, 2009
More Charges Coming In Galleon Case
Fourteen additional people have been charged in connection with the Galleon Group insider trading case.
Thursday, November 05, 2009
Early-Market Movers: Ambac, True Religion
Here are some of the early-market movers for Wednesday.
Wednesday, November 04, 2009
Revenue Sinks At Liz Claiborne
The red ink at Liz Claiborne (LIZ) spread during the third quarter as the apparel company was slammed by a worse-than-expected 24% drop in sales.
Wednesday, November 04, 2009
Pulte Homes' 3Q Results Fall Short
Homebuilder Pulte Homes (PHM) saw its loss widen in the third quarter as the company dealt with costs related to its purchase of Centex earlier this year.
Wednesday, November 04, 2009
Early-Market Movers: Black & Decker, Peet's Coffee
Here are some of the early-market movers for Tuesday.
Tuesday, November 03, 2009
MasterCard Swings to $452M Profit in Third Quarter
MasterCard Swings to $452M Profit in Third Quarter
Tuesday, November 03, 2009