Articles written by: Staff Writer

General Electric to Pay 50 Million Euros After Failing to Create Jobs Promised in Alstom Energy Acquisition

General Electric (GE) will put 50 million euros ($57.1 million) into a publicly monitored bank after the number of jobs it added after acquiring Alstom’s energy division three years ago fell short of promises, the French Ministry for the Economy and Finance said in a statement Tuesday. Bruno Le Maire, […]

Equities End Mixed as Amazon Dents Nasdaq, Blue-Chip Earnings Bolsters Dow

Equities End Mixed as Amazon Dents Nasdaq, Blue-Chip Earnings Bolsters Dow

Equities were mixed on Friday, with the tech-heavy Nasdaq Composite dented by Amazon.com, Inc. (NASDAQ:AMZN) declines while the Dow Jones Industrial Average was bolstered by earnings among its components. Amazon.com, Inc.(AMZN) recorded price-target cuts from Morgan Stanley, Oppenheimer and Wedbush Securities Friday after guiding for first-quarter sales below Wall Street’s […]

Wal-Mart Stores Inc. (NYSE:WMT) Posts Good U.S Sales After a Long Time of Declining Quarters

Wal-Mart Stores Inc. (NYSE:WMT) Posts Good U.S Sales After a Long Time of Declining Quarters

Wal-Mart Stores Inc. (NYSE:WMT), the retail giant, posted its third quarter earnings before the market instigated on Thursday. It came as a relief to Wal-Mart Stores Inc. (NYSE:WMT) that for the first time in seven months, the sales in US went up. Earnings per share came out to be 1.15 […]

Is Buffet stealing Duracell from P&G (NYSE:PG)

Is Buffet stealing Duracell from P&G (NYSE:PG)

The firm Proctor and Gamble (NYSE:PG) said that it was getting out of battery power business when it reported its third quarter results in late October by selling its share of Chinese joint venture by spinning off its Duracell business. Today on Thursday it executed a start the process of […]

L Brands (NYSE:LB) Post Better Than Expected Results

L Brands (NYSE:LB) Post Better Than Expected Results

The L Brands (NYSE:LB), parent company for big names like Victoria’s secret and Bath & Body Works have recently announced their October sales and it seems the company has done better than was expected of them, by the analysts. There was a 3% rise in the net sales with figures […]

Keurig Green Mountain to S&P 500

Keurig Green Mountain to S&P 500

S&P Dow Jones Indices announced several changes to its benchmark indices on Friday to take effect after the close of trading on Friday, March 21. S&P 500 constituent and biotechnology company Biogen Idec (BIIB), up 3.9% to $345.50, will replace S&P 500 constituent and utility American Electric Power Company (AEP), […]

Matson’s Liability for Molasses Spill Poses Share-Price Uncertainty

Matson’s Liability for Molasses Spill Poses Share-Price Uncertainty

Hawaii-based shipper Matson (MATX) is facing uncertainty about its financial liability for a molasses spill in Honolulu harbor, and that could pressure its shares, says a feature in this week’s Barron’s. Matson’s shares trade at a premium to the S&P 500, but could sell off as investors begin to discount […]

Hot Stocks: Amira Nature Foods, Exterran Partners, L.P.

Hot Stocks: Amira Nature Foods, Exterran Partners, L.P.

Amira Nature Foods Ltd (NYSE:ANFI) misses by $0.06, beats on revs; raises FY14 revs in-line; raises FY14 EBITDA guidance. Amira Nature Foods Ltd (NYSE:ANFI) posted Q3 (Dec) earnings of $0.22 per share, $0.06 worse than the Capital IQ Consensus Estimate of $0.28; revenues rose 25.1% year over year to $142.5 […]

Watch List: Silver Bull Resources Inc, ZaZa Energy Corp

Watch List: Silver Bull Resources Inc, ZaZa Energy Corp

Silver Bull Resources Inc (NYSEMKT:SVBL) receives water permits for Flagship Sierra Mojada silver-zinc project, Coahuila, Mexico. Company announces it has been granted water permits to access water of up to 3,500,000 cubic meters per annum for use on its Sierra Mojada Project in Coahuila, Mexico. The National Water Commission of […]

Gaming Activities: Renren Inc (NYSE:RENN), 500.com Ltd (NYSE:WBAI), Scientific Games (NASDAQ:SGMS), Multimedia Games Holding (NASDAQ:MGAM)

Gaming Activities: Renren Inc (NYSE:RENN), 500.com Ltd (NYSE:WBAI), Scientific Games (NASDAQ:SGMS), Multimedia Games Holding (NASDAQ:MGAM)

Renren Inc. (NYSE:RENN) surged 11.25% on Tuesday, the largest daily advance in 2014. Good news is that the advance came with large trading volume increase. Renren Inc. (NYSE:RENN) has an average trading volume of 1.7 million shares daily but on Tuesday over 5 million shares changed hands. Additionally, Reren Inc. […]