The world’s leading package delivery company, FedEx Corp. (NYSE: FDX) was downgraded by Stifel Nicolaus to a “hold” from a “buy” on Monday. Stifel pointed out that the company still expects headwinds due to slow global economic growth. In all, currently, thirteen equity analysts keep a “hold” rating on the stock; sixteen have assigned a [...]
Apple Inc. (NASDAQ: AAPL) sold record 9 million iPhones over the weekend. The tech giant’s two latest models, iPhone 5S and 5C went on to sales on Friday. The demand for the 5S model, the high end version, has been so strong that some customers had to go disappointed from Apple Stores due to supply [...]
The New York Times Co. (NYSE: NYT) said on Friday that board of directors has agreed to pay quarterly dividend payout. The dividend payout will be the first one in almost last five years. The Company said that it will pay 4 cents per share on October 24 to class A and B shareholders as [...]
Parent Company of Olive Garden and Red Lobster, Darden Restaurants Inc. (NYSE: DRI) said on Friday that fiscal first quarter earnings fell sharply as rising labor and food costs dented margin even as the restaurant operator’s biggest chain did not fare well. For the period which ended Aug. 25, same-store-sales at Olive Garden fell 4% [...]
ConAgra Foods Inc. (NYSE: CAG) said on Thursday that net income dipped 42% in the fiscal first quarter. The Company said weaker results in the consumer food division hurt the bottom line. Overall revenue climbed 27% to $4.2 billion, aided by the acquisition of Ralcorp Holdings. Still, it fell short of street’s expectation of $4.29 [...]
Beleaguered smartphone maker, Blackberry Ltd. (NASDAQ: BBRY) on Wednesday unveiled its new phone, the Z30, aimed at taking on the challenge from rivals Apple Inc.’s iPhone 5S and Samsung Electronics Galaxy S4, at time when its future looks uncertain. While unveiling the new device, Blackberry said that “(Z3) is the company’s) biggest, fastest and most [...]
Restaurant operator, Cracker Barrel Old Country Store Inc. (NASDAQ: CBRL) said on Wednesday that fiscal fourth quarter income fell 1.1% as revenue dipped due to one less week for sales compared to same period of last year, offsetting better-than-expected growth in comparable-store-sales. Both earnings and revenue edged past analysts’ expectation; however, shares fell sharply as [...]
Microsoft Corporation (NASDAQ: MSFT) announced a new $40 billion stock buyback plan on Tuesday. Shares gained following the announcement. The Company’s previous share repurchase program will expire on Sept. 30. Separately, the tech giant lifted its quarterly dividend by 22% to 28 cents. The dividend will be payable on November 21, the company said. Commenting [...]
Beauty products and fragrances maker, Coty Inc. (NYSE: COTY) reported its first quarterly results after becoming a publicly traded company on Tuesday. Earnings topped analysts’ expectation as the bottom line was bolstered by higher sales of branded perfumes such as Chloe and Marc Jacobs in Asia. However, shares edged lower. The Company expects revenue in [...]
August turned out to be a disappointing month for equities as all three benchmark indexes fell. The losses in U.S. equity market were mainly due to concerns over Federal Reserve’s bond purchase program. There is growing speculation that the Fed might start easing its $85 billion a month bond purchases soon. [...] |
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