|Higher operating expenses pinch Costco profit|
Costco Wholesale reported a first-quarter profit and sales that fell short of analysts' estimates, hurt by a rise in operating expenses. Shares of the warehouse club operator, which sells everything from carrots to coffins at its …
Pilot in Asiana crash was 'very concerned' about routine landing
The Asiana airlines pilots who crashed a Boeing 777 in July at San Francisco International Airport were aware that the plane was flying too low and lacked the speed necessary for a smooth landing but were unable to fix …
BMW Said to Weigh Setting Up North American Engine Plant
Bayerische Motoren Werke AG, the world’s biggest maker of luxury cars, is considering building engines in North America for the first time and expanding vehicle production in the region to capitalize on growing demand …
Regulators Finalize Stricter Volcker Rule
WASHINGTON (Reuters) - U.S. regulators toughened key sections of the Volcker rule's crackdown on Wall Street's risky trades on Tuesday as they finalized one of the harshest reforms after the credit meltdown. The rule - …
Revere can have 2d vote on casino
The new Mohegan Sun casino proposal at Suffolk Downs will be allowed to compete for the Greater Boston casino license, after the state gambling commission offered Tuesday to waive its deadlines to permit a second …
SEC Task Force Probes Use of Non-GAAP Metrics
A Securities and Exchange Commission accounting-fraud task force is scrutinizing companies' use of their own tailor-made performance measures, the task force's chairman said Tuesday. "We're looking at non-GAAP measures," said David Woodcock …
Stocks Slide as Investors Lock In Gains
"As we get closer to the Fed meeting, there's going to be more and more concern about tapering" bond purchases and how aggressive the Fed will be, said Ian Winer, director of equity trading at Wedbush Securities. "Over the next several days, I wouldn't be …
U.S.-Japan Impasse Dogs Pan-Pacific Trade Talks
The goal of the Trans-Pacific Partnership, or TPP, is to reduce or eliminate tariffs on nearly all traded products and establish rules of the road to give companies a level playing field in areas such as intellectual property and …
Time for bond market to put down bets on Fed taper
It's time for bond traders to place their bets on whether the Fed is ready to begin tapering its bond buying program. The auction of $21 billion in reopened 10-year Treasury notes at 1 p.m. ET Wednesday could provide an …
GM Hits End of the Road in Australia
Auto giant General Motors Co. will stop manufacturing vehicles in Australia from 2017, shuttering its local Holden unit with the loss of 2,900 jobs and handing the conservative government a major headache in an economy …
|HomeAway Acquires Stayz Group - Analyst Blog|
U.S. vacation rental marketplace, HomeAway, Inc. ( AWAY ), recently announced that it has acquired Stayz Group, a vacation rental site in an all cash deal for $198 million. Based in Australia, Stayz Group is an
Dunkin' Donuts Grows in Virginia - Analyst Blog
Dunkin' Donuts, a well known brand of Dunkin' Brands Group, Inc. ( DNKN ), recently unveiled an outlet in Charlottesville, Virginia in association with its franchise partner, Norson Inc. The new outlet also boasts a "drive
Peregrine Reports In-Line Loss - Analyst Blog
Peregrine Pharmaceuticals, Inc. ( PPHM ) reported a net loss (excluding one time items) of 5 cents per share in the second quarter of fiscal 2014 (ended Oct 31, 2013), in line with the Zacks Consensus Estimate.
NCI Building Up on Earnings Beat - Analyst Blog
Shares of NCI Building Systems Inc. ( NCS ) went up 2.25% as the company reported a 25% increase in adjusted earnings per share to 10 cents in the fourth quarter ended Nov 3, 2013, ahead of
SanDisk's Solutions for Dell Servers - Analyst Blog
Flash storage solutions provider SanDisk 's ( SNDK ) SAS enterprise solid state drives (SSD) are being used by Dell's servers PowerEdge R720 and PowerEdge T620. Moreover, SanDisk's SSDs received VMware 's ( VMW )
GM to End Production in Australia - Analyst Blog
General Motors Company ( GM ) has decided to stop vehicle and engine production in Australia by 2017 end. Furthermore, it plans a transition into a national sales company in Australia and New Zealand. The automaker
In Line Earnings at Joy Global, Sales Beat - Analyst Blog
Joy Global Inc. ( JOY ) reported adjusted earnings of $1.11 per share in the fourth quarter of fiscal 2013, compared with $2.10 per share in the year ago quarter. Earnings came in line with the Zacks
Another Consolidation in the Offing - Analyst Blog
Yesterday, VARIETY reported that Discovery Communications Inc. ( DISCA ) is considering a bid to acquire Scripps Networks Interactive Inc. ( SNI ). This is reflective of the growing consolidation trend in the cable TV operators industry.
DIRECTV May Offer Online Services - Analyst Blog
Recently, DIRECTV ( DTV ), the largest satellite TV operator in the U.S., hinted at introducing online video streaming services. However, the initial offering will be at a much smaller scale than the existing service providers Netflix
Alcatel-Lucent Hits 52-Week High - Analyst Blog
Shares of Alcatel Lucent, S.A. ( ALU ) hit a 52 week high of $4.59 during yesterday's trading session. However, the stock closed the session at $4.50, reflecting a solid year to date return of 226.4%. The
New York Times Headlines
|DealBook: R.B.S. to Pay $100 Million to Settle Inquiries Into Violations of Sanctions
font size=3The Royal Bank of Scotland is settling civil investigations over banking transactions involving customers from Iran, Sudan and other nations subject to international sanctions.
State of the Art: Dropcam as Part Baby Monitor, Part High-Tech Security Guard
font size=3Dropcam has a robust new model of its baby monitor, with features like infrared, two-way audio, an HD video-recording webcam, and motion detection.
DealBook: Bitcoin Believers See a Role for Wall Street
font size=3A discussion of Bitcoin’s potential by some of the digital currency’s strongest advocates.
The Trade: Soothing Words on ‘Too Big to Fail’ but With Little Meaning
font size=3Jacob J. Lew, the Treasury secretary, said Dodd-Frank made the financial system safer, but simply asserting it does not make it so, Jesse Eisinger of ProPublica writes.
U.S. Cites Rise in Health Plan Signups as Sebelius Testifies
font size=3A House panel investigating the health care rollout was questioning Kathleen Sebelius, the health secretary, on Wednesday as new data showed a sharp rise in signups for coverage.
Tool Kit: Getting Organized With Evernote
font size=3An app that transcends your devices can bring order to digital clutter.
Economic Scene: Dwindling Tools to Raise Wages
font size=3The United States might not even need a minimum wage if it had some of the institutions that other advanced nations use to put a floor on workers’ living standards. But it doesn’t.
News Organizations Call On Syrian Rebels to End Kidnappings
font size=3Thirteen international news organizations have written a letter to the armed opposition in Syria asking for assurances that their reporters will not be abducted.
Markets Close Lower as Budget Deal Is Weighed
font size=3Stocks closed lower on Wednesday after lawmakers in Washington reached a provisional budget deal that raised expectations that the Federal Reserve may wind down its stimulus in the coming months.
DealBook: Boies Schiller Raises the Bar on Bonuses
font size=3The law firm is poised to pay bonuses of as much as $300,000 to some associates, with the average young lawyer taking home an additional $85,000.