US News

Overstock.com Inc. (NASDAQ:OSTK): The company reported better than expected quarterly results and consequently received rating upgrades from various research companies. Bank of America raised the company’s rating from Neutral to Buy while increasing the price target from $12 to $20. Similarly, Merrill Lynch also raised the rating from Neutral to Buy for Overstock.com.

On 13 February 2013 the share price of Reckitt Benkiser (LSE:RB.) was up 2.9% to 4454.00 following the release of its 2012 annual results.  This morning, 22 April 2013, RB’s share price reached 4760.00 in early trading before backing off to 4678.00 by mid-afternoon.  ADVFN had reported on the earlier date that Reckitt Benkiser was […]

Leading theme park brand enters the Wall Street jungle SeaWorld Entertainment Inc., a leading theme park and entertainment company, opened for trading last week on the New York Stock Exchange (NYSE) under the ticker symbol “SEAS” after its initial public offering.  Goldman, Sachs & Co., LLC is the Designated Market Maker for the company’s stock. […]

Research points towards slow recovery from recession The latest Bank of Scotland Report on Jobs indicated growth of both permanent and temporary staff placements in March. The strongest rise was for permanent appointments, which more than reversed a reduction in February. Higher placements generally reflected greater demand for staff, but the rates of vacancy growth […]

Bank of America (NYSE:BAC): The stock is down after announcing its quarterly results. Bank of America reported higher profit for the first quarter as its wealth management and mortgage divisions showed good performance. Its quarterly profit stood at $2.3 billion, up from $328 million it had reported a year earlier. Its earnings per share were […]

Another down week for the UK flagship index  with a revisit to near April lows of 6215 and hand-rubbing by bargain hunters looking for a rebound. Declines driven by more intense fears over global growth (emerging + developed), with weaker Chinese weekend growth data (as suggested last week) seeing the prior Friday’s sell-off in risk […]

Cypress Semiconductor Corporation (NASDAQ:CY): The stock is currently trading at $9.95, down 9.18 percent after the announcement of its disappointing result. The chip manufacturer reported its net loss for the first quarter at $28.2 million, up from its quarterly loss of $19.5 million it had reported for the first quarter of the previous year. On […]

Bank of America argues that their customer strategy is working Bank of America Corporation has announced net income of $2.6 billion, or $0.20 per diluted share, for the first quarter of 2013, compared to $653 million, or $0.03 per diluted share, in the first quarter of 2012. Revenue, net of interest expense, on a fully […]

Company cites “market softness” as they announce losses in key company results. Intel Corporation today has first-quarter revenue of $12.6 billion, operating income of $2.5 billion, net income of $2.0 billion and EPS of $0.40. The company generated approximately $4.3 billion in cash from operations, paid dividends of $1.1 billion, and used $533 million to […]

Failure of Fresh & Easy stores to cost company £1.2bn Following a failure to make a success out its US operation Tesco’s is to close all 199 of its Fresh & Easy shops, at a cost of £1.2bn. Making the decision after a strategic review of Fresh & Easy, including the indications of interest received […]