Blog Profile / Blogging Stocks

Burberry Shares Leap on Sales Update

Shares in British luxury goods company Burberry Group PLC jumped Tuesday after the company reported strong second-half sales and predicted a full-year profit at the top end of market forecasts. Burberry's popularity in the Asia Pacific...Show More Summary

Citi's Income Falls 32% as Underwriting Slips

Citigroup's first-quarter income fell 32 percent on lower revenue from its investment banking business and a decline in consumer loans. The bank was able to set aside fewer reserves for losses as more borrowers were able to keep up with...Show More Summary

Endo Pharma Buying American Medical for $2.6 Billion

Endo Pharmaceuticals Holdings Inc. said Monday it is buying urology and pelvic health company American Medical Systems Inc. for about $2.6 billion. Endo is offering $30 a share - a premium of 34 percent to the most recent closing price of American Medical Systems shares. Show More Summary

Viacom Pulls Channels from iPad App Raising Stakes in the Streaming Standoff

Viacom was one of the content owners that pulled its channels from Time Warner Cable's iPad app recently. This combined with its changing stance regarding Hulu points to the growing friction between content owners and those companies involved in distribution through new streaming platforms like Netflix, Hulu and now tablets. Show More Summary

NYSE Rejects Nasdaq-ICE Takeover Bid

Nasdaq and IntercontinentalExchange said their $11.3 billion bid for NYSE Euronext was rejected without any talks with the exchanges. Nasdaq OMX Group Inc. CEO Robert Greifeld said in a statement late Sunday that feedback from NYSE Euronext...Show More Summary

Level 3 to Acquire Global Crossing for $2 Billion

Level 3 Communications Inc. said Monday that it is buying Global Crossing Ltd. for $2 billion, joining two major long-distance telecommunications networks that carry massive amounts of Internet and other data traffic in the U.S. andShow More Summary

Alcoa Kicks Off Earnings Season With Improved Sales

Alcoa Inc. (AA) said Monday it turned a first-quarter profit on stronger sales at higher prices that were offset by a weaker dollar and higher costs for energy and raw materials. Alcoa said business improved from a range of customers, including aerospace, automotive, commercial transportation and packaging industries. Show More Summary

Cisco to Exit Flip Video-Cam Business

Cisco Systems Inc., (CSCO) the world's largest maker of computer networking gear, on Tuesday said it's killing its Flip camcorder business as part of a reversal of years of efforts at diversifying into consumer products. The about-face comes after several quarters of disappointing results and challenges in its core businesses. Show More Summary

ADVERTISEMENT:

Nokia Launches New Symbian Smartphones

Nokia Corp. on Tuesday launched its first smartphones to run on the updated Symbian software with new icons, enhancements and a faster browser. Nokia said the two models - the E6 and X7 - have longer battery life, better text input and...Show More Summary

Zipcar Revs Up for Its IPO

Zipcar Inc., the car-sharing company that rents rides for as little as an hour, is expected to get a warm reception from Wall Street for its planned initial public offering this week. Its supporters think skyrocketing gas prices will make car sharing more popular. Show More Summary

JPMorgan's First-Quarter Profit Swells 67%

JPMorgan Chase & Co. (JPM) reported a 67 percent jump in first quarter earnings Wednesday on solid growth in investment banking fees and a drop in losses in its credit card portfolio. The New York bank earned $5.6 billion, or $1.28 per share, compared with $3.3 billion, or 74 cents a share in the same period last year. Show More Summary

Silgan Buying Graham Packaging in $1.28 Billion Deal

Consumer packaging maker Silgan Holdings Inc. said Wednesday it will acquire Graham Packaging Co. in a cash-and-stock deal valued at $1.28 billion. The companies say the deal will create a stronger force in creating packaging for beverage,...Show More Summary

Hasbro First-Quarter Profit Drops 71%

Hasbro's hit battling-top game Beyblade couldn't rescue Hasbro's first quarter from pallid demand for other games and girls toys and spending to launch The Hub TV network. Net income fell 71 percent and missed Wall Street expectations. Show More Summary

Ford Expands Recall of F-150 Pickups to Nearly 1.2 Million

Under pressure from government safety regulators, Ford Motor Co. is expanding a recall of the popular F-150 pickup truck to include nearly 1.2 million vehicles that may have defective air bags. The additional recall, announced Thursday by the National Highway Traffic Safety Administration, covers trucks from the 2004 through 2006 model years. Show More Summary

Google's Hiring Spree Weighs on Earnings; Shares Slide

Google's first-quarter earnings came in below analyst projections as the Internet search leader sped up hiring, driving up its costs. The results released Thursday may heighten investor fears that Google's earnings might suffer because of the company's commitment to hire at least 6,200 workers this year. Show More Summary

Scuffles, Protests Mar BP Shareholder Meeting

Scuffles between protesters and security guards marred BP's first annual shareholder meeting since the Gulf oil spill Thursday, as investors registered their disapproval with sizable protest votes against company directors. Five Gulf...Show More Summary

Bank of America Earnings Fall 39%

Bank of America Corp.'s first-quarter income fell 39 percent on higher costs related to its mortgage business and higher litigation expenses. The bank also settled a claim over faulty mortgage investments and set aside less money to cover soured loans. The Charlotte, N.C. Show More Summary

Mattel Net Income Falls on Higher Spending

Sales of Barbie and other dolls helped Mattel Inc.'s revenue rise 8 percent during the first quarter. But higher spending on advertising and other expenses outpaced sales growth and the largest U.S. toy maker's net income fell 33 percent. Net...Show More Summary

Johnson & Johnson's Income Falls 23%

Health care giant Johnson & Johnson says sales rebounded but its profit dropped 23 percent in the first quarter, due to higher expenses, costs of recalls and litigation and a tax gain that boosted results a year ago. Adjusted earnings topped expectations. Show More Summary