Finance

3 Ways to Stay Safe and Smart with Personal Loans

Taking a personal loan is probably one of the easiest ways to raise funds for expenses not covered by traditional loan types. You can get an auto loan to buy a car; mortgages could help you buy a house, home equity loans can be applied towards remodeling projects, and business loans can help you start […]

Jobs Report Raises Concerns on the Course of the Economy

Employers in September added only 142,000 new jobs in the U.S., said a report released by the Labor Department on Friday morning. The report suggested that the economy in the U.S. was losing some momentum after a report that was similarly lackluster the month before. The official rate of unemployment stayed the same at just […]

Mortgage Applications in U.S. Jumped Last Week

Applications for home mortgages in the U.S. rose as both refinancing and purchase applications climbed, said an industry organization on Wednesday. The Mortgage Bankers Association announced its activity for mortgage applications that are seasonally adjusted, which includes both the purchase and refinancing demands. The average for the two was 13.9% during the week that ended […]

Sears Holding Profitability Improves, Sales Continue to Swoon

Sears Holdings Corp announced that sales continued to drop during its first quarter although its profitability had improved. The retailer is preparing to launch an offering for its REIT – real estate investment trust – this week. Sears shares have increased nearly 24% in 2015 and added another 2.9% in trading before the bell on […]

Constellation Brands Profit Beats Expectations

On Thursday, Constellation Brands Inc announced its first dividend to be paid in cash since 1973 when it went public, as the maker of alcoholic beverages said its Mexican beer division continued driving growth during the recently ended quarter. Constellation had been saying recently that it had looked into returning its shareholders cash as it […]

New Healthcare Law Lowers Tax Refunds for Certain Taxpayers

This is not our best of times, for a number of taxpayers in the U.S. because the April 15 deadline for taxes signifies another new reality that will impact upon the amount of their tax returns, especially for those getting help with Obamacare subsidies put in place by the Obama administration to help health insurance […]

Citigroup Investment Bank Unit Bounces Back (NYSE:C)

Citigroup’s traders and investment bankers are much happier now that their business has experienced a revival. Figures for the bank’s Wall Street operations have improved substantially over the past five years. Citigroup’s investment bank unit had $1.06 trillion of assets at the end of last year. That is 12 percent higher than the figure recorded […]

Dollar General Trims Sales View and Committed to Rival Buy

The full-year sales forecast was reined in by Dollar General Corporation as the company confirmed that it will stay committed to purchasing its rival, Family Dollar Stores, Inc. If the sale is approved, it would solidify Dollar General’s place as being the number one discount retailer in the United States. However, if Dollar General does […]

Economy Surpasses Third Quarter Expectations

Reaching its strongest six-month performance in more than 10 years, the nation’s economic output grew faster in July, August, and September than initially estimated by the government. Much of the focus has been on the upcoming holiday shopping frenzy. According to information released from the Commerce Department, gross domestic product showed that people are already […]

Twitter Testing Retailer Discount Feature

Twitter is currently conducting tests on a new feature that would make it possible for users to redeem discounts via tweets from merchants. This clearly shows that Twitter wants to expand efforts pertaining to online commerce. This service is using a technology from CardSpring, Inc. that was acquired this past July. With this technology, linking […]

Prices at the Gas Pump Hit a Four-Year Low

Just ahead of the holiday season, the average price for regular gas at pumps within the United States hit the lowest level recorded since November 5, 2010. According to a survey conducted by Lundberg Survey, Inc., in the two weeks ended November 21, gas prices dropped $0.10 cents to $2.8416 per gallon. Current prices put […]

Macy’s and JC Penney’s Ranks as Best for Black Friday

While some companies are set to disappoint discount shoppers on Black Friday, Macy’s and JC Penney’s are ranked to be the best. Black Friday is just around the corner and to save money, consumers look for retailers that will offer the best discounted merchandise. WalletHub surveyed more than 5,520 advertisements for Black Friday from 22 […]

Banks Fined $3.2 Billion in Foreign Exchange Investigation

Regulators in Switzerland, the United Kingdom, and the United States were fined $3.2 billion in civil penalties on five banks that reportedly tried to manipulate the $5.3 trillion a day foreign exchange currency trading market. According to regulators, foreign exchange traders took advantage of private chat rooms on the internet where information was shared pertaining […]

Bank of America Sets Aside $400 Million for Legal Costs

Federal regulators have been investigating the Bank of America Corporation (NASDAQ: BAC) pertaining to the currency market being manipulated. In a recent news release, the bank disclosed that in order to deal with the investigation, its legal costs have increased. As a result, the bank set aside $400 million, which in turn cut into earnings […]

Citigroup Setting $600 Million Aside for Legal Fees

Citigroup Inc announced it would set aside another $600 million for legal fees during the third quarter because of rapidly evolving inquires involving regulators. The banking group also disclosed it was subject to probes dealing with foreign exchange. The bank is one of the six major banks that likely will settle with the Financial Conduct […]

Time Warner Cable Lowers Its Forecast

Time Warner Cable the huge cable company is awaiting approval for a merger with Comcast Corp. On Thursday, it reported profit that did not meet Wall Street expectations and cuts its forecast for sales as its video subscribers continue to leave. Earnings for the third quarter, excluding certain items, were down to $1.86 per share, […]

Durable Goods in U.S. Drop 1.3% During September

Orders to companies in the U.S. for long term manufactured goods dropped for the second straight month during September, while a critical category that signals the investment plans for business dropped by its biggest number in the past eight months. However, analysts view the declines as only temporary, and believe they will be followed by […]

Sanofi Shares Plummet after Diabetes Drug Warning

In today’s trading, French drug maker Sanofi (NYSE: SNY) witnessed a plunge in stock price after a decline in quarterly earnings was reported but also after a warning of pricing pressure on its US blockbuster diabetes treatment. Shares declined 8.4% to $96.97, surrendering gains prior to the announcement. Net profit also slipped by 2.4% in […]

Pfizer Tops Sales and Profit Forecasts

Based on growing demand for cancer and other manufactured drugs in emerging markets, Pfizer, Inc. (NYSE: PFE), the largest drug maker in the United States, reported better-than-expected third quarter profit. Net income climbed $0.42 per share or $2.67 billion compared to $0.39 per share or $2.59 billion from the same quarter one year prior. On […]

Precision Drilling Posts Significant Rise in 3Q Profit

Precision Drilling Corporation (NYSE: PDS), formerly known as Precision Drilling Trust, had a reported better-than-expected 79% rise in third quarter profits, bolstered by higher drilling activity and pricing. Precision saw a rise of 20% in rig utilization within the United States. Revenue for Precision’s contract drilling increased 22% to $447 million or roughly 86% of […]

ECB Fails 25 Banks in Stress Test

Yesterday, the European Central Bank (ECB) said that of the 130 Eurozone’s banks, 25 failed the 2014 stress test, a landmark event prior to it taking over supervision. Overall, the results suggest leftover problems under capitalization in the Eurozone focus on the region’s small to medium-sized financial institutions. However, this has raised some questions in […]

KAL-Tencor Announces Leveraged Recapitalization Plan

After announcing a leveraged recapitalization plan late Thursday, which includes a special $16.50 per share dividend, as well as an additional $250 million on its existing buyback, KLA-Tencor shares jumped 6.90%. This deal is equivalent to 23% of the company stock’s current value and a special dividend with an aggregate value of about $2.75 billion. […]

Wall Street Earnings Up while S&P Posts Top Weekly Advance

Wall Street earnings were up in Friday’s trading but the S&P 500 posted its best weekly advance in two years. Gains from companies like Microsoft and Procter & Gamble helped boost US shares but also declining concerns about the deadly Ebola virus spreading. From its low in October, the S&P 500 SPX climbed by 5.5%, […]

Oil Prices Down: Fifth Weekly Loss Posted

For the fifth consecutive week, global oil prices were posted as a loss, this as concerns of high supplies continued to weigh on prices. For months, prices have declined while supply growth outpaced demand. At this time, analysts are taking a “wait and see” position whether Saudi Arabia and other Organization of the Petroleum Exporting […]

Amazon Low 3rd Quarter Results and 4th Quarter Expectations

Despite the upcoming holiday season, Amazon reported disappointing third quarter results and low expectations for fourth quarter profits, this as shares of Amazon.com dropped more than 8% in Friday’s trading. As a result, top analysts now question if Jeff Bezos, company CEO can turn things around. Based on Friday’s plunge, Amazon is now down 28% […]

Proctor & Gamble Spinning Off Duracell

Proctor & Gamble announced it was spinning off its Duracell battery division. The company says the decision was to boost its stock price and to lower the amount of outstanding shares. It hopes to offer shares of standalone Duracell to shareholders late in 2015, but said there were other options possible, including possibly selling the […]

Profit at Ford Slides

Ford has reported declines in both the top and bottom line for its third quarter earnings. The shareholders are not happy, but the company maintains there is reason for a lot of hope. Ford Motor Co reported revenue for the third quarter of $34.8 billion down by 0.9% from the third quarter of last year, […]

Earnings at Under Armour Do Not Impress

Under Armour earnings on Thursday topped both the top and bottom lines but the gains did not impress investors as the stock went into the red. The athletic apparel maker reported revenue for the third quarter of $937.8 million, which was up 30% from the same quarter one year ago. The company’s net income was […]

U.S. Bancorp Meets Wall Street Estimates

U.S. Bancorp the largest regional lender in the nation reported profit for the third quarter that matched the estimates of analysts as the bank loaned more money to businesses. Net income ended the quarter at $1.46 billion equal to 78 cents per share. That compared to $1.46 billion equal to 76 cents per share during […]

Sears Gets Breathing Room for Twelve Months

The latest efforts by Eddie Lampert to raise new funding for Sears Holding Corp has raised optimism that the retailer of 128 years will have another 12 months to turn the sagging fortunes of the business around. A rally in the bonds for the company pushed yields lower on Monday to levels that have not […]

BNY Mellon Sees Rise in Profits

Bank of New York Mellon Corp said its profit for the third quarter had climbed 11% helped in part from its sale of assets. BNY Mellon net income reached $1.07 billion for the quarter equal to 93 cents per share from last year during the same quarter of $962 million equal 82 cents per share. […]

Goldman Sachs Bond Trading Focus Pays Off

Goldman Sachs Group has reported a jump of 50% in its profit for the quarter as a pickup last month in activity in the bond market boosted its trading revenue, showing that the banks that stick with the volatile business can reap huge rewards. Goldman’s FICC – fixed-income commodities and currency – business, which at […]

BlackRock Net Profit for Third Quarter Up 26%

BlackRock Inc the world’s largest money manager posted a profit for the third quarter that increased 26% as investors injected cash into its funds, increasing fees for managing client’s money. Net income ended the quarter at $917 million equal to $5.37 per share from the same period a year ago of $730 million equal to […]

Citigroup Profits Pass Analysts’ Estimates

Citigroup Inc said it was shuttering consumer banking in 11 locations that includes Egypt and Japan, as the U.S. bank with the most international business focuses on businesses that are more profitable. Citigroup, which reported a 13% increase in its adjusted net profit for the third quarter, is returning to a structure of before that […]

Changes in Irish Tax Could Cost Billions

The plan by Ireland to close a tax loophole it calls the Double Irish could costs companies in the U.S. including Google and Apple billions of U.S. dollars. Tax advisers and analysts predict that companies, which require access to the 500 million consumers in the European Union, will find it difficult to establish schemes that […]