Author: Devin Weiss

Elan Corporation (ELN) recently announced its decision to split into two separate publicly traded companies. The spin-off, approved by its Board of Directors, is expected to be completed by year end. The closure of the...

International Business Machines Corp.’s (IBM) committed effort to expand in Africa solidified with the launch of its first research lab in the continent. The IBM research lab will be set up in Nairobi, Kenya, jointly with...

o Shares of Sears Holdings Corporation (NASDAQ:SHLD) surged 5.7% following the news that it will divest its remaining Hometown outlets and certain hardware stores o SYSCO Corporation (NYSE:SYY) posted fourth quarter earnings per...

Weak Japanese GDP data affected the domestic mood and dragged the benchmarks lower on Monday. The dismal economic reading from Japan came on the heels of disappointing data from China, thus highlighting the concerns in the Asian...

World’s largest home improvement retailer, The Home Depot Inc.’s (HD) earnings for the second quarter of fiscal 2012 came in at $1.01 per share, climbing 17.4% from the prior-period earnings of 86 cents, primarily...

Following some decent earnings numbers from a few of the U.S.’s top retailers, we also received good economic data this morning. The Producer Price Index (PPI) reported up 0.3%, which was as expected, but 0.4% subtracting...

August 14, 2012 Following some decent earnings numbers from a few of the U.S.’s top retailers, we also received good economic data this morning. The Producer Price Index (PPI) reported up 0.3%, which was as expected, but...

After seeing busy traffic over the last two months, most of the North American airlines witnessed weak traffic in July. Weakening economy is restricting the demand for business travel, thereby leading to lower traffic in July....

Groupon Inc. (GRPN) reported second quarter 2012 results with earnings of 8 cents per share, much better than the Zacks Consensus Estimate of a loss of 2 cents. However, revenue was well short of the consensus mark. Shares...

Arena Pharmaceuticals Inc. (ARNA) suffered a loss (excluding special items) of 12 cents per share in the second quarter of 2012 as against a loss of 16 cents incurred in the year-ago quarter. However, second quarter 2012 loss...