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Twitter finally reveals revenue ambition, wants to be Google -- but not yet
Twitter calls Google ( GOOG ) a "good role model," but says it isn't ready to rush down the road to advertising . Nonetheless, an ad-based revenue model is something that cofounder Biz Stone says they "will be looking to do down the line." But, for now, he continues, Twitter is focused on ...
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Earnings highlights: Ann Taylor, GameStop, Home Depot, Sears, TJX ...
Here are some highlights from this past week's earnings coverage on BloggingStocks: Ann Taylor Stores Corp. ( ANN ) declining same-store sales offset better-than-expected Q3 earnings . Canadian Solar Inc. ( CSIQ ) reached a new 52-week high after Q3 results handily exceeded ...
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Ken Lewis says he could stay on as CEO indefinitely
After previously announcing that he would leave the CEO post in December, Bank of America ( BAC ) head Ken Lewis is backpedaling in light of the company's difficulty in finding a replacement. The Wall Street Journal (subscription required) reports that Mr. Lewis "has said he would consider ...
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No more Nookie 'til next year, says Barnes & Noble
Take the Nook off your Christmas list. The new e-reader from Barnes & Noble ( BKS ) has already sold out, and more won't be available until after the holiday has passed . The next batch will be available, at best, by November 4, 2010. In a statement, the company said, "While we increased ...
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TransCanada: Pull-back is buy opportunity
TransCanada Corp.'s ( TRP ) shares, first recommended on May 11, 2009 , at a price of $26.56, have pulled back, and the dip represents a buy opportunity, which is why I'm reiterating my buy rating for the stock. TransCanada is natural gas play with promise: it's a natural gas transmission and ...
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Google says: Chrome for Christmas
Google ( GOOG ) is letting a few developers peek behind the curtain. The early look the company's new operating system, Chrome , is happening in true Google style: by invitation only. When it's released, which should be in time for the holidays , developers will be able to bang away at an open ...
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Earnings highlights: Dell, Foot Locker, Gap, Lowe's, Saks, Target ...
Here are some highlights from this past week's earnings coverage on BloggingStocks: ADC Telecommunications Inc. ( ADCT ) posted a surprise net loss for Q4 and predicted a loss in Q1. BJ's Wholesale Club Inc. ( BJ ) shares fell after Q3 earnings met expectations and offered guidance ...
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Why is gold marching higher? Ask the central bankers
The rally in gold just doesn't want to quit. You are probably wondering what is going on. Central banks around the world hold gold reserves. Periodically, they buy or sell gold, depending on how they view world markets. Right now, central banks are net buyers , the first time since 1988. A ...
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ECB Trichet's comments show central banks' delicate balancing act
European Central Bank President Jean-Claude Trichet jolted the markets Friday with the announcement that the ECB will gradually withdraw the emergency cash injections it has added to the financial system, in order to prevent an acceleration in inflation. "Not all our liquidity measures will be ...
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Ann Taylor out of style with investors after Q3 report
I was wrong about Ann Taylor Stores Corp. ( ANN ). Thought it might make a possible earnings trade. Well, Q3 earnings are out, and it looks like the market has given a thumbs down to my thesis. At the time of this writing, shares were off by almost 4%. It's funny, because Ann Taylor has done ...
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Ken Lewis' successor could be... Ken Lewis?
In the past, I've covered Rochdale Securities analyst Dick Bove's inane ramblings about how fantastically awesome Bank of America (NYSE: BAC ) CEO Ken Lewis is. Last month he called Mr. Lewis "phenomenally good" and his notes to investors are beginning to have more in common with 12-year old ...
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Newspaper ad revenue of 28%, 8 quarters of double-digit drops
We've put three quarters behind us in 2009, and the most recent one was merely another miserable step downward for the beleaguered newspaper industry. Total ad revenue plummeted in the third quarter to $6.4 billion for the print jockeys, a decline of 28%. This info from the Newspaper ...
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Manufacturing in the Philadelphia area grows at a faster pace
What is the Philly/Fed Index and why is it important? The Philly/Fed Index measures manufacturing activity in the Philadelphia area. While it measures only one area of the country, over the years it has been a leading index for manufacturing overall. Why bother measuring the manufacturing ...
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Closing Bell: Earnings working against stocks (BCRX, DELL, DHI, INTC, LEAP, PCS)
Today was a very unusual day. There was no real economic data to absorb. And the markets did see some unusual options trading ahead of expiration date at 4:00 PM today. Disappointing earnings kept a negative bias in the air despite a brief recovery into positive territory in the final hour ...
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Look for ADP to rise with payrolls
If, in fact, jobless claims have peaked, that's good news for payroll services specialist Automatic Data Processing ( ADP ), and that's one reason I'm reiterating my buy rating for the company's shares, first recommended on June 22, 2009 at a price of $36.84. If you bought ADP in June, you're ...
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Tyson Foods: Meandering into the new year
Tyson Foods' ( TSN ) stock has meandered since first recommended on May 11, 2009 at a price of $12.35, but I'm sticking with the stock. Here's why: First, Tyson has the product diversity to adjust to increasingly demanding, educated U.S. consumers, who may, for example, favor chicken over pork ...
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Is Harbinger giving up on The New York Times Co.?
Activist hedge fund Harbinger Capital disclosed in an SEC filing yesterday that it has sold 2.5 million shares of The New York Times Co. ( NYT ), reducing the company's largest outside shareholder's stake from to 14.6%. It also sold shares in September, when it reduced its position in the ...
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Even the good die young? High-quality mortgages approaching foreclosure
The loans that got us into this mess were generally the first to fall. Variable rate mortgages written without documentation for people with sketchy credit histories shocked nobody as their slide became an avalanche. But, the good stuff is starting to follow . An increasing amount of fixed rate ...
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Apple's iPhone set for South Korean launch
Apple ( AAPL ) continues to bring the iPhone to countries outside the U.S. Although its launch in China didn't generate as much fanfare as the company had hoped, things take time to roll into a big ball of success. Apple won't be slowing down international introductions of the handset that ...
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