- For a mere $8 billion, Iraq gets brand spanking new American fighter jets -- and a heavily armed neighborhood gets some more lethal, highly advanced weapons
- Ten months after betting the company on the success of the Kindle Fire, Amazon.com Inc. (Nasdaq: AMZN) CEO Jeff Bezos plans to redouble his effort Thursday when he displays its successor as well as new members of the Kindle e-reader line in California.
Top After-Market NYSE Movers (AAR Corp, Men's Wearhouse, Heckmann, OM Group, VeriFone, First Bancorp, Cooper Tire, Enbridge Energy)The top after-market NYSE gainers Wednesday were AAR Corp, Men's Wearhouse, Heckmann Corp, OM Group and Aeroflex Holding Corp. The top after-market NYSE losers were VeriFone Systems, First Bancorp, Sealed Air Corp, Cooper Tire & Rubber and Enbridge Energy Partners, L.P.
- According to Nielsen, the left-leaning MSNBC was the ratings winner among cable news networks that covered the opening of the DNC on Tuesday, a different picture from last week when Fox News cleaned house during the RNC.
- Railroad executives said Wednesday that they are not expecting strong growth in cargo volume in the pre-holiday shopping season, but most future holiday gifts are delivered by trucks.
- After seizing minority control of Quebec's legislature and premiership on Tuesday, the separatist Parti Quebecois is seeking to increase mining royalties and individual taxes, which could impact companies like Cliffs Natural Resources (NYSE: CLF), Rio Tinto Group (NYSE: RIO) and Xstrata Plc (London: XTA).
- Google (Nasdaq: GOOG), the No. 1 search engine, which now owns the Motorola brand, refreshed its product line with three new members of the Razr brand line in a bid to recapture past success. They’re the first major new lines since Google completed the $12.5 billion acquisition of the former Motorola Mobility in May.
- Posted on the activist website Change.org, a petition launched by user Mary Rickles of San Francisco said Erickson's continued presence on the network damages the value of the CNN brand. The petition is circulating under the name "CNN: Fire Erick Erickson."
- AMR Corporation's (PINK: AAMRQ) American Airlines took a major step toward emerging from bankruptcy after a federal judge tossed out its pilots' union contract, ending a dispute with the only union it had failed to reach a deal with on concessions.
- Egyptian President Mohamed Morsi said representatives from Egypt, Saudi Arabia, Turkey and Iran would meet behind closed doors during the Arab League summit to discuss the path toward ending the Syrian crisis.
- A firewall set up late Tuesday by Facebook (Nasdaq: FB), the No. 1 social networking site, appears to be holding: shares rose 45 cents to $18.17 in early Wednesday after CEO Mark Zuckerberg promised not to sell any more shares for at least a year.
- Manufacturing downturns spared no one in August, surveys of purchasing executives showed, in the latest sign of weakness in the global economy. While the batch of gloomy data has boosted hopes for further central bank actions, some economists remain skeptical that there would be any significant effects.
Top After-Market NYSE Movers (Guidewire, Cenveo, Six Flags, CONSOL Energy, Pep Boys-Manny, Greenhill, Kindred, Nustar, Giant Interactive)The top after-market NYSE gainers Tuesday were Guidewire Software, Cenveo Inc, Six Flags Entertainment Corp, CONSOL Energy and Pep Boys-Manny, Moe & Jack. The top after-market NYSE losers were Greenhill & Co, Assured Guaranty Ltd, Kindred Healthcare, Nustar Energy L.P. and Giant Interactive Group Inc.
- Hudson's Bay Co., the owner of Lord & Taylor and North America's oldest continuously operating retailer, plans to go public on the Toronto Stock Exchange by November in one of the biggest retailer offerings since the financial crisis began, according to reports.
- Global carmakers reported robust sales growth in August, indicating improving consumer sentiment and demand by small businesses and contractors. Companies including Ford Motor Company (NYSE: F), General Motors Company (NYSE: GM), Honda Motor Co. (NYSE: HMC) and Toyota Motor Corporation (NYSE: TM) all reported major gains.
- Hubert Joly, the new CEO of Best Buy Co. Inc. (NYSE: BBY), is going to spend his first week on the job pulling the old king-as-commoner routine, donning the company's uniform and working a few of the showrooms.
- Archer Daniels Midland, Bunge, Cargill, and Louis Dreyfus, the big four companies of the grain market, are doing all right as gobal food prices spike. According to non-profit groups, they are doing so partially at the expense of hungry people.
- Banco Santander's announcement that it would be spinning off nearly one quarter of its Mexican unit in an initial public offering later this month was greeted by the markets as a seemingly win-win-win proposition. But the move by the large Spanish bank only highlights the increased dependence Iberian banks have had on their overseas branches over the past few years and how, in an effort to now package off those units and sell them, they could be killing the hen that's been laying the golde...
- This past weekend, Hollywood studios received bad news. The number of tickets sold during Hollywood's all-important summer season -- the first week in May through Labor Day weekend -- shrank to 532 million in 2012. That's off 4 percent from last year and on track to be the lowest summer attendance in almost 20 years, according to preliminary estimates from Hollywood.com.