US News

E-commerce sales grew more than 30 percent compared to 2012. Wal-Mart Stores has reported financial results for the first quarter ended April 30, 2013, with Q1 net sales of $113.4 billion, an increase of 1.0 percent over last year. Net sales last year benefited by 1.0 percent from the extra day due to leap year. […]

“There’s nothing more important to us at Bloomberg than communicating openly and honestly about our company.” ~ Dan Doctoroff, President and CEO of Bloomberg LP, 13 May 2013. Whether it started a month ago or  whether it has “taken place in the newsroom for decades,” it is now a matter of public record.   Not […]

Cyan Celebrates Initial Public Offering and First Day of Trading on the New York Stock Exchange Petaluma, Cailf.-based Cyan, a global supplier of software defined networking (SDN) solutions, opened for trading today on the New York Stock Exchange under the ticker symbol “CYNI” after its initial public offering. Barclays is the Designated Market Maker (DMM) […]

Began trading on May 9 Research Triangle Parkbased Quintiles, a leading global provider of biopharmaceutical development and commercial outsourcing services, visited the New York Stock Exchange to celebrate the company’s initial public offering. Quintiles began trading on the NYSE on Thursday, May 9, under the ticker symbol “Q”. Barclays is the Designated Market Maker (DMM) […]

Plans to sell 30om GM shares The U.S. Department of the Treasury has announced the next step in its plan to sell its approximately 241.7 million remaining shares of General Motors (GM) common stock with the initiation of a second pre-defined written trading plan. “TARP’s emergency support to GM during the financial crisis was necessary […]

How bold does a CEO have to be to say, “Our performance in the quarter reflects the results of the management action we have taken,” when the performance  was a net loss of $345 million? I’d say he’d have to be even bolder to make that statement especially when the company made a net profit […]

Sony Corporation (NYSE:SNE) has turned in lackluster performance over the five years since 2008, failing to find the right combination of product and operating vitality necessary to pull it out of the doldrums it got stuck in during the global financial crisis.  Whilst one might not be impressed see Sony’s share price decline 1.4% to […]

We’re only at midweek, but traders are celebrating on selling floors around the world as the leading indexes continue to rise to lofty and, in some cases, record highs. The Footsie 100 closed up 35.8 points yesterday to reach its highest point since December 2007.  The Nikkei Index broke past the 14,000 mark to 14,180 […]

Whilst the UK was enjoying a bank holiday, Apple and Facebook were celebrating their individual statuses on the Fortune 500.  The Fortune 500 ranks the largest U.S. companies by revenue. Apple (NASDAQ:AAPL) broke into the top 10 for the first time.  It became the only tech company in the current top 10 elite U.S. stocks, when […]

I don’t like Walmart.  I used to work for a major supplier for Walmart.  If you can’t learn to hate Walmart as a customer, I guarantee you will learn to hate it as a supplier.  It has done more harm to mom and pop stores of all kinds that any other company – ever.  The […]