24/7 Wall St. Wire
24/7 Wall St. Wire Articles
July 15, 2013: U.S. equity markets opened slightly higher this morning but the report on U.S. retail sales pushed shares into the red early. A later report on business inventories helped pull...
Published:
Last Updated:
ThinkstockIn a move first discussed in March, Phillips 66 (NYSE: PSX) has filed an amended Form S-1 with the U.S. Securities and Exchange Commission (SEC) for the initial public offering (IPO) of 15...
Published:
Last Updated:
ThinkstockThe European Financial Stability Facility (EFSF) was established to provide a financial backstop to potential sovereign debt default among eurozone nations. Backed by guarantees, primarily...
Published:
Last Updated:
ThinkstockBusiness inventories data for the month of May have been released this morning. May was brought along with a 0.1% gain, matching the Bloomberg consensus estimate of 0.1% and a tad higher...
Published:
ThinkstockAccording to today’s report from the U.S. Census Bureau, seasonally adjusted retail and food services sales in June rose 0.4% month-over-month and 5.7% compared with June 2012. Economists...
Published:
Last Updated:
ThinkstockCitigroup Inc. (NYSE: C) reported fiscal second quarter results before markets opened this morning. The bank reported adjusted diluted quarterly earnings per share (EPS) of $1.254 on...
Published:
Last Updated:
ThinkstockFlash memory maker OCZ Technology Group Inc. (NASDAQ: OCZ) this morning announced that its first fiscal quarter revenues will fall far short of the consensus estimate. The company now...
Published:
Last Updated:
July 12, 2013: U.S. equity markets opened slightly higher this morning as European industrial production was below expectations and U.S. PPI was a bit higher than expected. The other major U.S. data...
Published:
Last Updated:
Courtesy Toyota Motor Corp.The 2013 RAV4 small SUV from Toyota Motor Corp. (NYSE: TM) managed to achieve just a ‘poor’ rating on a new front crash test. The small overlap front crash...
Published:
Last Updated:
ThinkstockIn its latest assault on sovereign debt ratings, Fitch Ratings has downgraded France’s default rating from ‘AAA’ to ‘AA+’ with a Stable outlook. Fitch is jointly owned (50% each)...
Published:
Last Updated:
ThinkstockIn the second such action so far this year, Costco Wholesale Corp. (NASDAQ: COST) is being sued by a luxury goods maker for selling or promoting luxury items that the warehouse store...
Published:
Last Updated:
ThinkstockThe continuing drought over much of the western half of the United States spread modestly in the past week, now covering about 45% of lower 48 states. The drought covered 44% of the...
Published:
Last Updated:
Courtesy United Parcel Service Inc.United Parcel Service Inc. (NYSE: UPS) cut its second-quarter and full-year earnings guidance this morning, citing overcapacity in the air freight market, a slowing...
Published:
Last Updated:
ThinkstockThe shrinking differential between the price of West Texas Intermediate (WTI) and Brent crude gets the lion’s share of the blame for last night’s announcement from Valero Corp. (NYSE:...
Published:
Last Updated:
ThinkstockFabless semiconductor firm Spreadtrum Communications Inc. (NASDAQ: SPRD) and China’s Tsinghua Unigroup announced today that the two companies have agreed to a merger under which Tsinghua...
Published:
Last Updated: