It's no Alibaba, but the Citizens Financial Group offering is important to the market.
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The move could coincide with the launch of a competing service from Hollywood studios.
The company may be close to its goal. The Los Angeles Times says Apple execs are finalizing deals with Hollywood studios to allow movies to be accessed on any of its devices. The service may come out later this year or early next year.
The move comes just as Apple has released its iCloud online storage service that lets people access music, apps and photos from any device. The service also keeps email and calendars up to date on all devices.
This biotech's Soliris drug treatment can cost $400,000 per patient.
As we enter the start of earnings season, it's time to up your bets on stocks going into what traditionally has been the strongest quarter for the stock market.
Among the fast-growing major biotechs announcing earnings in the coming weeks is our latest buy recommendation, Connecticut-based Alexion Pharmaceuticals (ALXN).
Despite the market pullback, ALXN has risen steadily on expectations of more approved uses for its only drug on the market, Soliris.
Despite rampant bearishness, major indexes are showing a market bottom.
By Tom Aspray, MoneyShow.com
The stock market rally from the October 4 lows has been impressive, and those on the short side were likely squeezed a bit more on Wednesday when the Spyder Trust (SPY) and E-mini S&P 500 futures slightly exceeded the September 20 highs.
For most, the recent rally has not changed their negative outlook for either stocks or the economy. The recent strength is viewed by many as a bear market rally and bearish sentiment is still very high. Over the past few weeks, I have commented that the prevailing negative view of both the stock market and the economy was more consistent with a stock market bottom, not the start of a major new decline.
Expanding the cafe menu could help bring more afternoon traffic and repeat customers.
The New York Post reports that Starbucks has just hired Yohana Bencosme, the former manager of the trendy Manhattan juice bar Liquiteria. Bencosme's new job is to train staffers in Starbucks' Seattle headquarters.
One source tells the Post that Starbucks' chief executive, Howard Schultz, made many visits to Liquiteria and other juice bars in the area. "He spent a lot of time checking out the juices," the source says. "Then he went in for the kill and hired Yohana."
Rumors of a plan to partner with Yahoo show CEO Tim Armstrong is worried most about his legacy.
AOL (AOL) CEO Tim Armstrong reportedly has been meeting with top shareholders to push the idea of a sale to Yahoo (YHOO). The scheme allegedly would allow the partnership to stop competing against each other and start dominating digital publishing.
But AOL shareholders shouldn’t be fooled. This is just the latest boondoggle from Armstrong, a quick fix meant to prove that he has accomplished something in his tenure in the corner office -- or at least provide a smokescreen so he can make a quick getaway.
Don't take my word for it. Take the words of an inside source quoted as saying that Armstrong views AOL as an "afterthought" and that he doesn't want to be doing his current job.
The iPhone and iPad maker beats out Coca-Cola, Microsoft, Google and IBM, according to new research on brand valuations.
By James Rogers, TheStreet
Eurobrand rated Apple's brand value at more than $96 billion, well ahead of Coca-Cola at nearly $76 billion.
Apple, however, was not the only tech company with high brand awareness. Microsoft (MSFT), Google (GOOG) and IBM (IBM) rank third, fourth and fifth, ahead of McDonald's (MCD), AT&T (T), Procter & Gamble (PG), Pepsico (PEP) and Philip Morris International (PM).
A sector specialist highlights his scale-in buying strategy and his favorite gold and silver picks.
The recent pullback in gold has been an opportunity to accumulate precious metals positions.
However, the window on low-risk, longer-term precious metal investing is going to close. The time to accumulate is now. Here's a look at some of our favorite positions.
Despite TARP's success in the US, people still despise it as a bailout. No wonder European politicians aren't eager to support something similar.
"Why don't they just do TARP over there, for heaven's sake?"
You keep hearing that. I keep hearing that. It shows you how memory can play tricks on you.
No one in this country wanted TARP -- not the proposers, not Congress, not bankers, not investors. We didn't even know what it was going to do at first. The thought was maybe the money would be used to create a two-way market in the debt that was clogging the system. Turns out much of it was not debt but synthetic positions that weren't worth anything and couldn't trade.
We thought it might shore up balance sheets. But most banks said they didn't need to have their balance sheets shored up.
The company missed analyst estimates in its recent quarter, and searching the numbers could give signals about the broader economy.
The food and beverage giant beats third quarter expectations. Should you consider it for your portfolio?
PepsiCo(PEP) popped past analyst estimates in its third-quarter earnings report Wednesday morning, and shares closed up nearly 3% to $62.70.
The Purchase, N.Y., company reported earnings of $1.31 per share, excluding acquisition charges and other one-time items, on $17.6 billion in revenue. Wall Street had been expecting $1.30 per share on $17.19 billion in revenue. Pepsi delivered some good news on both the top and bottom lines -- understandably important for a company in this environment.
Even though consumer response has been tepid to electric cars, GM is pushing ahead with new models.
The minicar is set to go on sale in 2013, and will be a direct competitor to the Nissan Leaf. Shares of GM rose more than 4% in afternoon trading to $23.41. Shares of A123 Systems (AONE), which will make the lithium-ion battery for the Spark, rose more than 25% to $4.19.
As risky assets blast higher on renewed confidence, pessimists betting on a new bear market are caught out.
Stocks continued their breakout Wednesday as the eurozone moved closer toward a definitive resolution of its debt crisis, the Q3 earnings seasons heated up, and investors were reminded that the Federal Reserve stands ready to unleash additional monetary stimulus if needed.
European Commission president Barroso unveiled a multi-step plan that will act as a road map to backstop the continent's banks and move toward a Greek debt restructuring. Also, Slovakia, the last of the 17 eurozone countries to approve a strengthening of the group's bailout fund, is moving closer to ratification.
The company says same-store numbers are on the mend after 9 straight quarters of decline.
At the company's annual analyst meeting Wednesday, executives said same-store sales at U.S. stores have been rising for the past three months. Same-store sales make up about 98% of Wal-Mart's total U.S. sales.
The improvement is enough that Wal-Mart will likely show positive U.S. growth when it reports quarterly earnings next month.
The risk-reward ratio is not lining up favorably for this trio.
Get out your pom-poms, everyone, because earnings season officially kicked off last night with a profit warning from Alcoa (AA). While that’s not exactly the way investors would have liked earnings season to kick off, the vast majority of S&P 500 companies have met or beaten analyst expectations over the past few quarters.
However -- take a deep breath -- earnings estimates are falling globally. Between debt-contagion fears in Greece and a slowdown in U.S. government spending, profit projections are dropping, and investors are finally scrutinizing company earnings as they should have been doing in the first place. The recipe for failure is there this quarter, more so than in any quarter in recent history, so it pays to take note of companies which are on shaky ground to start with.
The ice cream company throws its support behind Occupy Wall Street. Is a new flavor on the way?
Most of the protesters seemed to have no problem with the fact that Ben & Jerry's is owned by Unilever (UN), a global conglomerate that reportedly spent $750,000 on congressional lobbying last year. "It's hard to say no to free ice cream," said one 26-year-old protester from Ireland, according to DailyFinance.
The Ben & Jerry's board issued a statement expressing admiration for the Wall Street protesters. "We realize that Occupy Wall Street is calling for systemic change," the statement said. "We support this call to action and are honored to join you in this call to take back our nation and democracy."
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[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 shed less than a point, ending the week higher by 1.3%, while the Dow Jones Industrial Average (+0.1%) cemented a 1.7% advance for the week. High-beta names underperformed, which weighed on the Nasdaq Composite (-0.3%) and the Russell 2000 (-1.3%).
Equity indices displayed strength in the early going with the S&P 500 tagging the 2,019 level during the opening 30 minutes of the action. However, ... More
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