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Cars So Hot They Are Out of Stock 2014

July 24th, 2014

After vehicle sales reached a six-year high last year, the U.S. auto industry has continued its torrid growth pace in the first half of 2014. With more than 8 million cars sold in the first six…

RadioShack CEO Should Not Join American Apparel Board

July 24th, 2014

The CEO of one of the worst-run retailers in American is joining the board of another company in the same category. Joseph Magnacca of RadioShack is among the new board members of American Apparel.

Moody’s Cuts Atlantic City to Junk

July 24th, 2014

Atlantic City, which at one point was supposed to rival Las Vegas as a gambling destination, has nearly fallen to pieces. One of the last bricks taken out of its wall is a new rating by Moody’s…

Americans Favor Beer Over Liquor and Wine

July 24th, 2014

Good news for the world’s brewers. Americans prefer beer over both liquor and wine. According to a new Gallup poll: As they have for most of the past two decades, Americans who drink alcohol…

Facebook Posts an Earnings Blowout

July 23rd, 2014

Facebook Inc. (NASDAQ: FB) has reported its earnings for the second quarter which handily beat expectations. The social media giant earned $0.42 in earnings per share and it posted a gain in revenues…

AT&T Gives Up Revenue and Profits to Keep Customers

July 23rd, 2014

AT&T Inc. (NYSE: T) reported second quarter 2014 results after markets closed Wednesday. The telecom giant reported adjusted diluted quarterly earnings per share (EPS) of $0.62 on revenues of…

QUALCOMM Posts Great Earnings, Guidance Not So Much

July 23rd, 2014

QUALCOMM Incorporated (NASDAQ: QCOM) has reported earnings of $1.31 in earnings per share, or $1.44 in adjusted earnings per share, for its fiscal third quarter. The mobile chip maker reported that…

The 4 Stocks That Weighed Down the DJIA

July 23rd, 2014

July 23, 2014: Markets opened mixed on Wednesday as the DJIA lagged on a weakness among some of the heavy-hitter blue chips. Tech stocks pumped up both the S&P 500 and the Nasdaq Composite as…

GM Adds Yet Another 718,000 Vehicles to Recall Tally

July 23rd, 2014

General Motors Co. (NYSE: GM) announced six recalls totaling 717,950 recent model vehicles Wednesday, just a day before the company is scheduled to announce second quarter 2014 earnings. The company…

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