-
Apple Will Stop Selling iPhones, iPads in Major Market
Friday, August 24, 2012 - 9:28am | 399Read More...Apple (NASDAQ: AAPL) and Samsung are being punished this week after a South Korean court ruled that the two companies must stop selling a number of products in the Asian nation, including the iPhone 4, the first-generation iPad and the Galaxy S II. The full lineup of banned products includes the...
-
Bristol-Myers' Trash is Gilead Sciences' Treasure
Friday, August 24, 2012 - 9:16am | 584Read More...Amid a track record of continued success and secured patents, Gilead Sciences (NASDAQ: GILD) is once again headlining the infectious disease realm with a new hepatitis C offering despite news that Bristol-Myers Squibb (NYSE: BMY) has discontinued its experimental therapy trials following a patient...
-
Did Steve Jobs Promise Some Employees Jobs for Life?
Tuesday, August 21, 2012 - 11:21am | 443Read More...Apple (NASDAQ: AAPL) co-founder Steve Jobs reportedly promised Wayne Goodrich that he would have a job for life at the company. If anything happened to his current position, Goodrich was allegedly told that he would receive another job at Apple. That all changed last December when he was fired....
-
Honda Manufactured the Most Stolen Cars in 2011
Monday, August 20, 2012 - 9:55am | 447Read More...Honda (NYSE: HMC) is responsible for manufacturing the first and second most stolen cars in the United States. According to the National Insurance Crime Bureau, the 1994 Accord -- which is still fairly popular and lacks any significant security features -- was stolen more than any other vehicle in...
-
Will AT&T's New Strategy be the End of Nokia?
Monday, August 6, 2012 - 8:44am | 530Read More...AT&T (NYSE: T) has a new strategy for Nokia's (NYSE: NOK) latest and most popular phones: it has decided to carry and promote Android and iOS models instead. While there have been reports that AT&T, Verizon (NYSE: VZ) and other carriers dislike the iPhone, Apple's (NASDAQ: AAPL) flagship...
-
Libor Scandal Catches Up with Deutsche Bank and HSBC
Thursday, July 19, 2012 - 7:55am | 393Read More...The investigation into the London Interbank Offered Rate (LIBOR) rate fixing that resulted in a record fine and major shake-up for Barclays last month is now focusing on traders at Deutsche Bank (NYSE: DB), HSBC, Societe Generale and Credit Agricole. On July 3, Benzinga reported that Barclays' CEO...
-
Intel Cuts Forecast
Wednesday, July 18, 2012 - 8:01am | 405Read More...Digital technology platform designer and manufacturer Intel (NASDAQ: INTC) cut its annual forecast Wednesday, as demand for PCs in the U.S. and Europe failed to ramp up. Benzinga reported Monday that Intel may be revising its 2012 PC forecast, saying that, "Analysts are expecting about a 4% drop...
-
European Union Hands $123 Billion Over to Spanish Banks
Tuesday, July 10, 2012 - 9:07am | 365Read More...According to Bloomberg, European governments are aiming to hand over as much as $123 billion in emergency loans in order to stabilize Spanish banks. In addition, the costs may be moved from the Spanish government's balance sheet in order to shield the country from the debt crisis. Spain's...
-
McDonald's is Not Immune to Europe's Economic Plague
Friday, June 8, 2012 - 11:57am | 338Read More...Automotive companies are not the only American-based businesses feeling the pressure of gloomy European financial times. The food industry has also begun to report international sales misses, with McDonald's (NYSE: MCD) heading up the dismal earnings this morning. With a global rise of only 3.3%...
-
BW: Amazon - The Company that Ate the World
Friday, September 30, 2011 - 10:50am | 840Read More...BusinessWeek has what looks like a cover story, taking a very in depth of the world that is Amazon.com (AMZN). All talk about valuations aside, it's been quite an amazing journey for Jeff Bezos and co. - one of the few names from the Internet bubble of the late 90s to really deliver on its promise...
-
Is Argentina Ready For Prime-Time?
Thursday, June 3, 2010 - 4:30pm | 213Read More...Despite being removed from the MSCI Emerging Market index last year and defaulting on its debt in 2001, Analysts are predicting that Argentina may be an interesting investment destination in the years ahead. Many forget that in 1999 Brazil could not pay its debt. Similarly, Columbia in 2001...
-
Hedge Funds Lose Most Last Month Since Lehman Aftershock
Tuesday, June 1, 2010 - 10:40am | 209Read More...According to an article in Business Week, hedge funds had their worst month since after Lehman Brother's bankruptcy in the fall of 2008. The Dow Jones Industrial Average posted its worst May performance since 1940. On average, hedge funds lost 2.7% through May 27, representing the worst monthly...
-
Myriad Genetics Falling In After Hours (MYGN, CEPH)
Monday, March 29, 2010 - 6:44pm | 171Read More...Shares of Myriad Genetics (NASDAQ: MYGN) have fallen 9.64% to $22.50 in the after hours trading session. The stock closed normal market hours down 0.92% at $24.90. The activity in the name appears to be as a result of an announcement that the company has lost a U.S. court ruling that challenged its...
