Four Signs The Global Economy Is Slowing
FedEx's forecast cut, signs of stagnation in Germany, drops in oil price and looming political tensions spell trouble for the global economy.
Retailers Begin Unveiling Annual Seasonal Hiring Numbers
It's that time of the year when retailers operating in the U.S. begin dribbling out statistics on holiday hires, a closely watched batch of communications considered an important economic indicator.
Markets Keep Rallying, Companies Brace for Tough Q3
The stock markets are having a monster rally. But next earnings season might challenge that.
Weakness In Germany Drags Down Europe's August Car Sales
Car sales fell 8.9 percent in Europe in August, with Germany's activity dropping 4.7 percent, according to the European Automobile Manufacturers' Association. Ford Motor Co. (NYSE:F) had the worst month, with a nearly one-third drop in sales.
Did Fannie Mae Overpay Bank Of America For Servicing Rights?
The taxpayer-owned Fannie Mae paid more than legally required to Bank of America Corp (NYSE: BAC) and 12 other lenders when it spent $1.5 billion in termination fees for servicing rights on 1.1 million loans between 2008 and 2011. The mortgage giant argues that while it paid a premium over the minimum required price, it paid for the transfers at an ?appropriate rate.?
Danger From European Banks' Too-Big-To-Fail Syndrome Keeps Growing: Report
Many European banks have used easy credit from the European Central Bank to expand their balance sheet rather than use the easy credit to slim down and cut the level of risk in the assets they hold. In other words, too-big-to-fail is alive and well in the recession-plagued euro zone.
Is US Housing Sector Recovering? A Preview Of Wednesday's 3 Big Reports
Three key U.S. housing reports Wednesday are expected to show small improvements in the market.
Top After-Market NYSE Movers (Alliance One, AU Optronics, Dole Food, Tenet Health, KKR Financial, HNI Corp, Advanced Micro, Steelcase, K12)
The top after-market NYSE gainers Monday were Alliance One International, AU Optronics Corp, Dole Food Co, Tenet Healthcare Corp and KKR Financial Holdings LLC. The top after-market NYSE losers were HNI Corp, Advanced Micro Devices, Steelcase Inc, ExactTarget and K12 Inc.
Apple Tops $700 Mark, Year After Hitting $400
Shares of Apple (Nasdaq: AAPL) surged past $700 for the first time, just a year after topping $400. The move brings Apple's market value to about $650 billion, cementing its 2012 role as the world's most valuable company, ahead of Exxon Mobil Corp. (NYSE: XOM).
$105,000 Kitchen (Stove Not Included): Electrolux Going After Market Most Can Only Dream Of
Swedish home appliance maker embarks on small market for very expensive kitchens. For the rest of us: It recently began selling its Frigidaire brand at The Home Depot.
Church of Scientology Blasts Vanity Fair's Tom Cruise Expose As 'Shoddy Journalism' And 'Religious Bigotry' [Read Letter]
Jeffrey K. Riffer, a lawyer for the Church of Scientology, wrote an eight-page letter to Vanity Fair editor Graydon Carter hoping to stop an expose of the church from ever being published.
GE And ING Seek To Flee A Recovering Thailand
General Electric Co. (NYSE: GE) and ING Groep NV (NYSE: ING) may sell their stakes in two Thailand banks, but their message to Asia's 11th largest economy could very well be, "It's not you, it's us."
Occupy Wall Street Marks 1-Year Anniversary Monday With NYSE Protest
A few hundred Occupy Wall Street activists gathered in New York's financial district on Monday but police kept them well back from the New York Stock Exchange, which they had threatened to surround as part of a day of protests marking the movement's one-year anniversary.
CAW Chooses Ford In Effort To Secure Pattern Contract
The Canadian Auto Workers, or CAW, will concentrate on the Ford Motor Co. (NYSE: F) as it attempts to negotiate a collective-bargaining agreement in the roughly 24 hours left before its fast-approaching strike deadline on Monday at 11:59 p.m. EDT.
Technology Focus: Zuck's Good Week Without Changing Name
Facebook (Nasdaq: FB), the No. 1 social networking site, had a good week: its shares vaulted 15 percent after CEO Mark Zuckerberg appeared at a forum in San Francisco where he acknowledged mistakes. Now, with Instagram tucked in and commitments for search and mobile, is it a time for another look at half price?
Warren Buffett Smiles Bright On Completion Of Cancer Treatments
There is some good news cheering up Warren Buffet, the Oracle of Omaha, as he announced completion of cancer treatments, Sept.14.
Occupy Wall Street Plans Concert, Demonstration Surrounding NYSE To Mark Anniversary
Occupy Wall Street are planning to return in force to New York City's Financial District, hoping to recapture momentum.
1B Cellphone Users, And No Apple iPhone, In India's Breakneck Mobile-Apps Market
Only two countries are members of the 1 billion mobile phone users club: China and India. In the latter, Nokia and Samsung are battling for the top spot, but their big worldwide rival is an Indian no-show: Apple and the iPhone. Here's why and what's at stake.
Top After-Market NYSE Movers (AutoZone, Main Street, Owens & Minor, YPF, Accretive, Chiquita Brands, Chesapeake Utilities, Alliance One)
The top after-market NYSE gainers Friday were AutoZone, Main Street Capital Corp, Owens & Minor, YPF SA and FelCor Lodging Trust Inc. The top after-market NYSE losers were Accretive Health, Chiquita Brands International, Chesapeake Utilities Corp, Alliance One International and Weight Watchers International Inc.
Four Things That Could Lift The Dow Jones Industrial Average Even Higher
The Dow Jones Industrial Average (DJI: DJI) gained another 53.51 points, or 0.40 percent, on Friday to close at 13,593.37, the highest level in nearly five years. However, many uncertainties remain. Here are four factors that could make -- or break -- the Dow's continued ascent.
Walmart Apologizes For Turning Away Florida Kids' September 11 Tribute
Walmart Stores Inc. (NYSE: WMT) issued an apology to Florida elementary school students who were turned away from singing "God Bless America" at the chain's Pembroke Pines location to pay tribute to the victims Sept. 11, 2001 attacks.
NFL’s Dan Marino Loses Millions: Why Did Digital Domain Go Bankrupt?
NFL Hall of Famer Dan Marino is one of the major investors who lost millions when the visual-effects company filed for bankruptcy last week. The Oscar-winning company, founded in 1993 by James Cameron, had created effects for such movies as "Titanic," "The Curious Case of Benjamin Button" and the "Trasnformers" franchise.
Global Auto Industry Outlook: Auto Sales To Grow 6% In 2012
Auto demand in global markets will continue its upward trend in 2012 and 2013 despite regional disparities. Nomura analysts forecast double-digit growth in the U.S. and Southeast Asia, but expect European demand to shrink 7 percent.
Apple To Reap Windfall On iPhone 5 As Component Cost Is $167.50, Techs Say
Apple (Nasdaq: AAPL), the world's most valuable technology company, should reap another windfall from selling the iPhone 5 because component costs are only around $167.50, engineers at UBM TechInsights reported. Apple will sell the product for as much as $399 and charge wireless carriers about $450.
India Opens Gates To Foreign Retailers, Broadcasters, Airlines Amid Slowing Economy
The government of India, the world's 10th largest economy by gross domestic product, passed wide-ranging laws on Friday expanding foreign investment in the retail, broadcasting and airline sectors, opening its doors to companies like Wal-Mart Stores Inc. (NYSE: WMT) amid slowing growth.
How Washington Subsidizes Home-Buying For The 1%: Report
Government-owned Fannie Mae and Freddie Mac, which were set up to help blue-collar and middle-class workers buy their own homes at lower interest rates, are also helping the nation's one percent to purchase luxurious homes.
FedEx, General Mills, Oracle, Adobe: Earnings Reports To Watch, Sept. 18-21
Analysts expect companies in the S&P 500 to post negative revenue growth rate in the third quarter. Meanwhile, profits are expected to fall 2 percent.
Forget His JCPenney Work - The Gap Hired Michael Francis For His Time At Target
To help figure out why The Gap hired Michael Francis, it's better to ignore his brief time as president of beleaguered J.C. Penney and look to his prior experience at Target.
Top After-Market NYSE Movers (Accretive, Lloyds Banking, Och-Ziff Capital, Manitowoc, Beazer Homes, Equus Total, Eagle Materials, Proto Labs)
The top after-market NYSE gainers Thursday were Accretive Health, Lloyds Banking Group Plc, Lloyds Banking Group Plc, Lloyds Banking Group Plc and Beazer Homes USA. The top after-market NYSE losers were Western Asset Premier Bond Fund, Equus Total Return, Eagle Materials, Proto Labs and Health Management Associates.
iPhone 5 Plays: 5 Ways To Ride Tide Without Buying $700 Apple Shares
Want to play the iPhone 5 craze created by Apple Inc. (Nasdaq: AAPL) and not pay the price for Apple's near-$700 shares. Think of some of its suppliers like Arm Holings (Nasdaq: ARMH) and Qualcomm (Nasdaq: QCOM), or even Corning (NYSE: GLW) whose products are designed into the product.