- The top after-market NYSE gainers Tuesday were Pandora Media, WellPoint, AuRico Gold Inc, Navios Maritime Partners and H.J. Heinz Co. The top after-market NYSE losers were Dycom Industries, Imax Corp, Graphic Packaging Holding, RadioShack Corp and 3D Systems Corp.
Victoria’s Secret Lawsuit: Zephyrs Sues Lingerie Giant For $15 Million For Consumer Fraud And False AdvertisingVictoria's Secret Stores Inc. and their parent company, Limited Brands Inc., are being sued by Zephyrs for $15 million since they have allegedly been "knockoffs" to their own customers, according to WWD.
- IDC revised its forecast for this year’s PC sales gains to only 0.9 percent, after the top U.S. giants, Hewlett-Packard Co. (NYSE: HPQ) and Dell (Nasdaq: DELL), reported lower PC sales for their latest financial quarters. By contrast, tablet sales, headed by the iPad from Apple (Nasdaq:M AAPL) should surge 54 percent.
- Victoria's Secret has been selling knockoff hosiery, according to a lawsuit filed Tuesday by Zephyrs against parent company Limited Brands Inc. (NYSE: LTD)
- Katie Couric, whose new show, “Katie,” debuts Sept. 10 on ABC, said she felt “liberated” after she left “CBS Evening News” last year amid stubbornly low ratings.
- Ford's Lincoln brand hasn't done well in the U.S. but the nation's No. 2 automaker aims for better luck in China where archrival GM gets a big share of the luxury car market with its Cadillac line.
- Printer specialist Lexmark International Inc. (NYSE: LXK) said it will fire 1,700 employees, mainly in the Philippines, as part of strategy to exit its aging inkjet printer business. The move came after the company reported lower income and revenue, industry experts forecast lower PC sales as well as competition from No. 1 printer maker Hewlett-Packard (NYSE: HPQ).
- International Business Machines Corp. (NYSE: IBM), the No. 2 computer maker, introduced its most powerful server for enterprises, the zEnterprise EC 12 mainframe, which it said cost as much as $1 billion to develop. The unit is intended for enterprises that can manage their own systems but also shift data processing to the cloud.
Top After-Market NYSE Movers (Brown Shoe, Molycorp, PVH Corp, Nam Tai, STMicroelectronics, Rogers, AK Steel)The top after-market NYSE gainers Monday were Brown Shoe Co, Molycorp, PVH Corp, Nam Tai Electronics and Fibria Celulose. The top after-market NYSE losers were STMicroelectronics, New America High Income Fund, Rogers Communication, Gol Linhas Aereas Inteligentes and AK Steel Holding Corp.
- The Romneys love Costco, whose co-founder is a major backer of Barack Obama. The political leanings top executives gives no credence to the idea one party is the party of big business.
- When Tiffany & Co. (NYSE: TIF) cut its fiscal year sales and earnings guidance for a second straight quarter on Monday, stock in the company rallied over 7 percent. The reason: investors think the worst is over for the New York-based jeweler.
- This month has been the busiest August on record for global corporate bond issuance as low-risk free yields on government bonds pushed investors to find better returns in corporate credit.
- Airbus SAS, the French aerospace company and subsidiary of the Netherlands-based European Aeronautic Defence and Space Company N.V., is nearing a deal with the Chinese government to sell more than 100 aircrafts.
- Five more major companies said they had quit the controversial conservative American Legislative Council, a Washington, D.C., based body that lobbies for right-wing legislation such as “stand your ground” laws in state legislatures.
- The Times Co. blamed the decline of the information website About.com on a change in Google's algorithm, which reduced the site's rankings and caused a loss of traffic over the last year.
- At least one major refiner, BP PLC (NYSE: BP), has said it is shutting down production in the region. Production shutdowns can lead to price spikes at the pump fairly quickly.
- Internet company AOL Inc. (NYSE: AOL) announced plans Monday to return $1.1 billion to shareholders through a special dividend of $5.15 per share and also to buy back $600 million of stock under an accelerated stock-repurchase agreement with Barclays Bank PLC.