RETAIL

Verizon's Q2 Earnings Receive Upgrade To 'Strong Sell'

Verizon customers are increasingly turning to smartphones
Standard & Poor's (S&P) Capital IQ equity analyst Todd Rosenbluth changed his rating on Verizon Communications (NYSE: VZ), from Hold to Strong Sell after the $128.4 billion-cap mobile service carrier posted its second-quarter earnings Thursday morning.
IBTimes Logo

Ackman’s Words Boost Penney’s Stock

After activist investor Bill Ackman of Pershing Square Capital Management said he expects to make 15 to 20 times his investment in beleaguered Plano, Texas-based retail giant J.C. Penney Company, Inc. (NYSE:JCP), stock in the company hit a ten day high.
More news
Consumers Remain Cautious despite Hefty RBA Cuts in May

TiVo Wants To Know Where You Shop, Nielsen Wants To Stay Relevant

The company that developed the first commercially available DVR announced on Tuesday that it is purchasing TRA, Inc., a marketing and analytics company whose products help advertisers know which TV commercials are the most effective based on consumers' shopping habits.
IBTimes Logo

Asian Shares Flat As Investors Await Bernanke Testimony

Asian shares paused Tuesday as investors awaited Federal Reserve Chairman Ben Bernanke's view on the U.S. economy later in the day, after weak U.S. retail sales and a lower International Monetary Fund global growth forecast raised hopes of more stimulus from the Fed.
Small-business owner Gorham grabs a lobster out of tote during delivery of live lobsters at his shop the "Redhook Lobster Pound" in New York

Lobster Prices In Maine Hit 30-Year Low, Crushing Lobstermen

If you're a big fan of boiling expensive crustaceans, you're in luck. Lobster prices have hit a 30-year low in some areas of Maine, as unusually warm temperatures have increased the number of the glorified crabs available. Retail prices may soon follow, but don't expect them to match the 70 percent drop at the docks.
Asian Stocks

Week Ahead: Asian Markets Likely To Be Range-Bound

Asian markets breathed a sigh of relief Friday as the Chinese GDP figures improved, contrary to what some had feared, and eased concerns of a sharper slowdown in the world's second largest economy. The second quarter economic data showed a sequential acceleration and pointed to a pick-up in growth in the second half of the year.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.