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Bernstein Cuts it Rating on Chesapeake
Chesapeake Energy Corp (CHK) has been downgraded by Stanford Bernstein to market perform from its earlier rating of outperform. According to analysts at Sanford Bernstein, though the company is moving… Read more
Dell Forecasts Reduction of $2 Billion in Expenses
Dell Inc (DELL) gave its relieving forecast according to which the company expects the reduction of $2 billion in its expenses by the year 2015. The company hopes to cut… Read more
Nokia to Cut 10,000 Jobs
Once the world’s leading mobile phone producer, Nokia intends to slash 10,000 jobs because it is losing market share to rivals Samsung and Apple. On Thursday Nokia reported that its… Read more
CarMax, Inc: Earnings Preview
CarMax, Inc is expected to announce its first quarter results on Thursday, June 21, 2012. CarMax, Inc. operates as a dealer of second-hand automobiles in the United States through its… Read more
Delta Airlines to acquire refinery
Delta Airlines (DAL) has made arrangements to purchase the Trainer, Pennsylvania, refinery later this month for $180 million, which will allow it to start maintenance in early July. It will… Read more
3 High Yield Stocks To Check
Following is a closer look at three stocks having dividend yields of more than 5% and sustainable yields. Lorillard, Inc. (LO) Lorillard, Inc. is engaged in manufacturing of cigarettes having… Read more
Nokia Rises on Buyout Rumor
Former mobile phone king Nokia (NYSE:NOK) who has made more headlines in the past two years for the things they have done wrong rather than have done right, rose on… Read more
Lululemon Beats Street, Guidance Disappoints
Literally everything has gone right for Canadian yoga-ware maker Lululemon (NASDAQ:LULU) since the company started in 2004. Since going public the stock is up an amazing 800% that escapes the… Read more
Facebook Stock Price Record
After much fanfare Facebook Inc. (FB) created history on May 18 by making its debut. The IPO price was $38 per share. During the first day of trading, its highest… Read more
Nokia and Siemens Ink Saudi Arabia 4G Deal
For those that don’t know, Saudi Arabia is one of the top 5 countries in the world for smartphone penetration at 60%. Most of those people still use a Blackberry… Read more
G-III Apparel Group: First Quarter Earnings
The accessory and outerwear company, G-III Apparel Group disclosed its first quarter earnings with net sales amounting to $229.4 million. The company achieved record net sales during a quarter. In… Read more
Microsoft Unveils SmartGlass for Xbox Live
Microsoft (NASDAQ:MSFT) made their big pitch at E3 today unveiling a number of new technologies. But the biggest thing was a system called SmartGlass which is an interface to interconnect… Read more
