Short-Seller Interest on Groupon Places Co. in Unenviable List of Most Overhyped, Dubious, Failing Publicly-Traded Firms
The astronomically-high levels of interest short-sellers are giving shares of Groupon puts the company among the top 10 publicly-traded firms 'shorts' are betting against. That, most definitely, can't be good for Groupon.
Maidenform Brands, Bellwether of Consumer Spending, Falls on Disappointing Sales
Maidenform Brands, Inc. (NYSE:MFB) badly missed Wall Street estimates for quarterly results released Wednesday, as the company faced sagging demand for the bras that support the bulk of its sales. The company's results, specifically its breakdown of sales growth by retailer type, painted an unflattering picture of a consumer economy weighed down by recessionary pressures.
Restaurant Meal Prices Likely to Rise in Coming Months, Play Catch-up to Food Cost Inflation
After swallowing months of cost increases that have eaten into their bottom lines throughout 2011, the nation's largest restaurant chains are positioning themselves to dish out incremental price increases to patrons over the next couple of months.
Activision Blows Up, Take-Two Fizzles as Video Game Makers Report Quarterly Results
Activision Blizzard, Inc. and Take-Two Interactive both beat Wall Street consensus Tuesday, as the companies each reported better-than-expected sales for the current quarter. However, the similarities between the companies' results end there.
2011 New York City Marathon Pictures: A Beautiful Day for a Run
Thousands gathered accross the five boroughs of New York to take part in the 2011 ING New York City Marathon, in what turned out to be a beautiful November day. Along the marathon route, which at points had the festive atmosphere of a parade, people gathered to cheer, play music, watch, or volunteer with the logistics of the event.
Sysco Tops Analyst Estimates as Food Distributor Passes Higher Costs to Customers
Sysco Corporation (NYSE:SYY) reported quarterly earnings per share of 55 cents Monday, topping analyst consensus estimates of 52 cents per share. Revenues for the food service logistics company were markedly higher, $10.59 billion versus analyst estimates of $10.49 billion. Net earnings were $302.65 million, an increase of $3.58 million, or 1.2%, when compared to quarterly earnings from a year ago.
Corzine's Fall From Grace Leaves Obama With Even Less Bridges to Wall Street
The fall of Jon Corzine, a prominent figure with a toehold in the worlds of both finance and politics, is not only an issue for himself, but for one of the men who likely sought his advice and support on a regular basis, President Barack Obama. Perhaps more importantly, it follows a trend that has dogged the president since 2010, as, due to a variety of causes, many of the people close to Wall Street he had previously sought out have later found themselves uninvited to tea in the Rose Garden.
Orbitz World Wide Beats Analyst Estimates, Raises Fiscal Year Forecast
In spite of facing a collapse in interest within the domestic market, having to deal with cross-marketing limits imposed by the airlines and booking less flights and hotels overall, the $202.92 net revenue figure represented a jump of 4.34% from quarterly net revenue a year ago. The company's net earnings, however, were down 26.73 percent from a year ago, as a substantial spike in marketing costs, payroll and Other Expenses ate into the bottom line.
MasterCard Tops Analyst Estimates, as Growing Wave of Consumers Turn to Credit Card for Purchases
MasterCard Incorporated (NYSE:MA) reported third-quarter earnings of $5.63 per share on revenues of $1.81 billion, blowing past analysts estimates that had expected the company to report earnings of 4.82 per share and revenues in the vicinity of 1.71 billion. Increased volume from international consumers played a role, as did U.S. consumers ditching debit for credit.
Video Game Stocks, Coming Down From Hi Scores, Underperforming Wider Tech Market
After performing better than the wider high-tech market for months, stocks in American video game manufacturers have dropped precipitously since Thursday. Is there a 1UP on the way?
MF Global Bankruptcy Filing Shows Company was in Push to Create Core Business Value, Not Looking to Liquidate
A look at the unsecured debts left behind in the wake of MF Global's bankruptcy show a surprising number of trade credit was owed to media companies.
Uncertainty from China, Cost Paradigm, Betray Current Rally in Solar Panel Stocks
Fueled by wider Eurozone summit rally, industry-specific news out of Germany and a trader-driven assessment that share prices might have reached technical bottoms, shares in various solar panel manufacturers surged Thursday and Friday. Disappointing industry developments, the possibility of negative surprises coming out of China, and the increasingly unforgiving economics of the business, however, mean the industry could face a very stormy fourth quarter.
European Stance on Negotiations With Greek Bondholders Show Leaders Have More Steel Than U.S. Fed
European leaders are negotiating with Greek bondholders, publicly stating investors will have to take substantial losses. Their stance is in stark contrast to the way debt holders have been coddled in programs managed by the U.S. Federal Reserve
Athletic Footwear Stocks, Juiced by Lightweight Running Shoe Trend, Are Sprinting Into New Records
After spending a summer sidelined by fears of an exhausted consumer and nearly stopped dead on their tracks by the market correction of early August, the stocks of athletic shoe and apparel makers (and the specialty retailers that put those products in consumer’s hands) have been sprinting into marathon season, outperforming the wider footwear and apparel sectors and setting one or two all-time records along the way.
McDonald's Price Hikes, Likely to Continue, Go Unnoticed by Patrons
McDonald’s, the world’s largest fast-food restaurant and a bellwether of the consumer economy in the United States, has been increasing prices on many of its offerings for months. If you haven't noticed, you're hardly alone.
Moammar Gadhafi Death Creates Massive Headache for Obituary Writers
As a despotic autocrat who ruled an oil-rich North African nation for decades, sponsored terrorists, and single-handedly destroyed the civil institutions of an entire state, the name of the former Libyan dictator whose bloodied body was dragged out of a drainage pipe and is expected to be buried today will surely outlive him in historical infamy. The question is, which name?
American Express Q3 Earnings up on Higher Cardmember Spending
American Express posts third-quarter earnings of $1.24 billion, up 13% year over year. Earnings per share were $1.03 from $0.90 a year ago, beating analyst consensus estimates.
Adderall shortage sets New York abuzz
Adderall is becoming hard to find in New York City.
Oil, Equities Soar After Unexpected Drop in Petroleum Reserves
An unexpected drop in U.S. petroleum reserves reported mid-morning Wednesday surprised financial markets, which had been anticipating a moderate drop. U.S. commercial crude oil inventories for the week ending Oct. 14 decreased by 4.7 million barrels, according to weekly U.S. Department of Energy report. Analysts had predicted a rise of 1.75 million barrels.
Bank of New York Mellon Q3 Earnings Up, Beats Analyst's Call by a Penny
The Bank of New York Mellon Corporation (NYSE: BK) reported a third quarter net income of $651 million, or $0.53 per common share Wednesday morning, an increase of 4.7 perecent when compared with $622 million, or $0.51 per common share, in the third quarter of 2010. The results were a penny over mean analyst predictions of $0.52 per share.
Working Around Russian Import Bans, U.S. Cowboys Ship Live Steers
Working around Russian import bans, U.S. cowboys ship live steers
U.S. Weekly Diesel Prices Jump 2.1% as Crude Rises
Week-over-week diesel prices jumps, tracking oil futures
Coca-Cola Q3 Earnings up but Miss Analyst Estimates
Coca-Cola Q3 earnings up but miss analyst estimates
Zombiecon 2011 Brings Out the New York Undead
Dozens of New Yorkers, set in their best corpse makeup and fake blood outfit, gathered Saturday afternoon for a day of drinking and playing undead known as Zombiecon.
Zombies, Walking Dead of the Day, Shove Over Vampires for Place in Popular Imagination
The Walking Dead of the Day are zombies. We ask several experts why.
Occupy Times Square Photos: Chanting, Music and Dancing
A demonstration in solidarity of the Occupy Wall Street movement took over Times Square Saturday. The protest, which spread over a bowtie-shaped archipelago of pedestrian plazas on Times Square between West 43rd and 47th Streets, had two distinct ideological flavors.
Occupy Wall Street Times Square Event Brings Art Heavy Hitters
With a flyer designed by a bold-faced artist and announcements being sent out through networks New Yorkers normally use to find out where the hottest after-hours soirees will be going down, the “Occupy Wall Street” protests enter their fourth weekend seemingly ready to party with the cool kids.
Gold Mining a Big Positive to Peru Economy, Says Global Trade Group Report
Gold mining has been a boon --not a curse -- to the Peruvian national economy over the past decade, helping lift specific mining communities out of poverty, a report released Friday by the gold-mining industry group World Gold Council, said.
Harrisburg Bankruptcy Shows Borrowers No Longer Willing To Be Shamed Into Surrender
Harrisburg Bankruptcy Shows Borrowers No Longer Willing To Be Shamed Into Surrender
'Rick Perry Gay,' 'Mitt Romney Freemason': Rumblings from the Social Media Underbelly
A look at data showing what people are asking and saying about Mitt Romney, Herman Cain and Rick Perry online reveals some surprises as to what Americans want to know about the candidates and what they are saying about them.