It's no Alibaba, but the Citizens Financial Group offering is important to the market.
VIDEO ON MSN MONEY
The federal government remains a loyal customer for Research In Motion even as everyone else jumps ship.
The company's BlackBerry devices get bashed daily. People are leaving in droves for phones running on systems from Apple (AAPL) and Google (GOOG).
But not the feds. At the center of our government, where "time stands still," half a million federal employees still use the BlackBerry, The Washington Post reports. That number has stayed stable over the years despite all the problems with BlackBerry maker Research In Motion.
The eurozone debt crisis has infected Spain -- which, unlike Greece, is too big to fail and too large to save.
It's worth remembering the genesis of the recent uptrend. Back in October, initial gains were fueled by the formation of the Bailout 2.0 plan for Greece and an exhaustion of the selling pressure seen in September. Then, in November and December, some very tradable pullbacks were reversed, thanks to central bank intervention -- namely, the pumping of cheap cash into eurozone banks.
The Federal Reserve pumped cheap dollars into eurozone banks, while the European Central Bank pumped cheap euros in. The result was a calming of the European debt crisis that threatened to take down Italy and Spain as borrowing costs spiked. Italian 10-year bond yields dropped from more than 7% to a low of 4.8% in early March, while Spanish yields fell from 6.7% to 4.9%. Lower borrowing costs eased the pressure, freeing policymakers to focus on dealing with Greece's new bailout.
Intel and Qualcomm agree to provide source code that could help Apple in its lawsuit against Samsung.
Apple has announced that it has secured source code from both Intel (INTC) and Qualcomm (QCOM), who provide chips used in the iPhone and the iPad, which could prove that it has not infringed on Samsung's patents.
The company is willing to license out the Kenmore, Craftsman and DieHard names.
Sears said it will license the use of the Kenmore, Craftsman and DieHard names. So can other companies pay Sears a fee and can slap the Kenmore name on anything? The Wall Street Journal says the new merchandise will have to be related to the brand.
The Journal mentions the possibility of Kenmore kitchen wear and Craftsman durable apparel.
The earnings restatement from the deal-of-the-day website hasn't exactly inspired confidence among investors.
The Securities and Exchange Commission may launch a formal investigation into Groupon's earnings revision due to a "material weakness in its financial controls," which led to a reduction in its reported revenue and net profit.
Stocks on Wall Street are mixed Thursday, with the Nasdaq in positive territory and the Dow and S&P down slightly.
Information provided by Theflyonthewall.com.
By early afternoon Thursday, the Dow was down 19.68, or 0.15%, to 13,055; the Nasdaq was up 10.87, or 0.36%, to 3,079.02; and the S&P 500 was down 1.47, or 0.11%, to 1,397.55.
The averages began the day lower but drifted during the morning hours, with all the major indices turning positive at one point. The market could not gather any upside momentum despite reports on jobs that lent credence to the improving employment story.
Traditional supermarkets are losing ground as the competition for consumer dollars heats up.
Consumer-staples retailers are undergoing abrupt changes to their industry. The latest example is the battle over Americans' grocery purchases being waged by traditional supermarkets, dollar-discount stores, big-box department stores and wholesale clubs.
The fight has grown heated as more retailers of decidedly different stripes are offering refrigerated food products and, in some cases, prepared and fresh foods, which is contributing to a shift in buying habits.
Why is Ma Bell picking on me?
Now that my family's Apple (AAPL) iPhones have unexpectedly reached the 3-gigabyte monthly limit of our unlimited data plan, I have changed my tune.
While Apple is taking forever to deliver on its promise of a television system, some analysts are already using the hype for their earnings estimates.
Jefferies analyst Peter Misek raised his Apple price target to $800 per share on Thursday, noting that the tech giant's likely to introduce an Apple TV set in the fourth quarter of this year. Foxconn's recent investment in Sharp is an integral part of getting components for an Apple TV, according to Misek, echoing TheStreet's take on the deal.
This pharmaceutical giant plays a leading role in developing treatments for diabetes.
Novo Nordisk (NVO), a Danish pharmaceutical company that focuses on diabetes care and biopharmaceuticals, is a quiet giant, employing 30,000 people in 76 countries.
With more than 200 million people worldwide suffering from some form of diabetes, I find the short- and long-term investment case for this company as compelling as any idea out there.
Comerica is downgraded to 'sell' at Citigroup, and Pandora is initiated with an 'underweight' at Barclays.
Information provided by Theflyonthewall.com
Thursday's noteworthy upgrades include:
- Cenovus Energy (CVE) upgraded to Sector Outperformer from Sector Performer at CIBC
- KeyCorp (KEY) upgraded to Buy from Neutral at Citigroup
- VeriFone (PAY) upgraded to Buy from Neutral at Goldman
- Western Union (WU) upgraded to Buy from Neutral at Goldman
- Royal Dutch Shell (RDS.A) upgraded to Buy from Accumulate at Tudor Pickering
The entertainment company finds new ways to market its movies and other products.
Disney (DIS) plans to develop social games for the mobile platform in partnership with Japan's DeNA Co. Ltd. Japan is a substantial market for social gaming, with total sales in 2010 near $1.5 billion. Disney and DeNA plan to launch two games based on the Disney characters in Japan and the U.S.
Social gaming has significantly picked up with the success of social networking platforms such as Facebook and social game developers such as Zynga (ZNGA). This development gives Disney an opportunity to leverage its brand and successful characters to create games that can attract millions of users.
Hint: Don't bet against John Malone.
By Lawrence Meyers
To understand exactly what's going on, you first must remember that Liberty saved Sirius in 2009 by providing it a half-billion-dollar loan. In exchange, Liberty got preferred shares that gave it a 40% stake in the company.
It's hard to give up on household names like Yahoo and RIM, but consider their competition and remember that Kodak was once a great company, too.
Nike wins its suit against Reebok over the sale of Tim Tebow jerseys in New York. The airline considers buying a ConocoPhillips refinery to manage fuel costs.
Updated at 10:29 a.m. ET
Nike (NKE) scored when a judge rejected Reebok's bid to overturn his ban on Reebok's sale of New York Jets Tim Tebow jerseys. The federal judge in New York on Wednesday permanently halted Reebok, a unit of Germany's Adidas, from selling Tebow's No. 15. Nike sued Reebok on March 27, saying it was authorized and licensed to use Tebow's name on football apparel and merchandise.
Delta Airlines (DAL) is considering a bid for ConocoPhillips' (COP) idled 185,000-barrel-per-day refinery in Trainer, Penn., Reuters reported. The board of Delta has met twice to discuss a potential bid, Reuters said. The second-largest U.S. air carrier aims to hedge fuel costs.
MORE ON MSN MONEY
Copyright © 2014 Microsoft. All rights reserved.
New study finds members of this global elite are stashing an average $600 million each in cash -- 10 times more than a year ago.
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.
[BRIEFING.COM] The stock market began the new trading week on the defensive note with small-cap stocks pacing the retreat. The Russell 2000 (-1.4%) and Nasdaq Composite (-1.1%) displayed relative weakness, while the S&P 500 lost 0.8% with all ten sectors ending in the red.
Global equities began showing some cracks overnight after China's Finance Minister Lou Jiwei poured cold water on hopes for new stimulus measures. Specifically, Mr. Lou said the government has no plans to change ... More
More Market News
|There’s a problem getting this information right now. Please try again later.|