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Stocks Fall on News of Weak December Retail Sales

Retail sales were down over the holiday. A new report from the Department of Commerce says retail and food sales fell 0.9% in December 2014 from November 2014. Sales were up 3.2% from the prior year. However, much of the growth was from automobile sales as you can see in the chart above. Read more... January 14, 2015

Constellation Reports Higher Revenues on Strong Corona and Modelo Sales

Constellation Brands is reporting higher revenues for its third quarter. The company has net sales growth of 7%. Net sales for the company's beer segment increased 16%. Read more... January 8, 2015

JCPenney Reports 2014 Holiday Sales

JCPenney reported its 2014 holiday sales today. The retailer had a good holiday period with comparable store sales up 3.7% for the nine-week November and December period compared to this same period last year. JCPenney says it now expects to report fourth quarter comparable store sales at the upper end of its previous guidance range of 2 to 4%. Read more... January 6, 2015




Stocks Fall as Oil Prices Continue to Drop

Crude oil fell under $50 a barrel for the first time since April 2009. Oil prices have now fallen over 50% since their peak. The DOW fell 331 points (1.86%) and the NASDAQ was off 74.24 points (1.57%) Read more... January 5, 2015

U.S. Gas Prices Continue Falling. Average in Two States Dips Under $2 a Gallon

U.S. gas prices are continuing to fall. The average gas price in two states - Missouri and Oklahoma - has dipped under the $2 a gallon mark for the first time since 2009. Read more... January 4, 2015

Tim Hortons Shareholders Approve Sale of Company to Burger King

Tim Hortons shareholders have approved the sale of the doughnut and coffee chain to Burger King. Daniel Schwartz, the current CEO of Burger King Worldwide will be the CEO of the combined company. The combined entity is going to be named Restaurant Brands International. Read more... December 9, 2014

Google to Buy Skybox Imaging, a Provider of Satellite Imagery

Google has announced plans to buy Skybox Imaging for $500 million. Skybox is a provider of satellite imagery. Google says Skybox will help it keep Google Maps up-to-date. Read more... June 10, 2014

Google is Top Global Brand According to Millward Brown Report

Google is the most valuable brand in the world according to the BrandZ Top 100 Most Value Global Brand 2014 report, an annual report from Millward Brown. Google moved ahead of Apple, which slipped from the top slot to #2. Apple is followed by IBM, Microsoft, McDonald's, Coca Cola, Visa, AT&T, Marlbaro, Amazon and Verizon. Read more... May 27, 2014

Twitter Shares Fall 10% as Lock-up Period Ends

Twitter shares [TWTR] are down about 10% this morning. The plunge is linked to the expiration of a six-month lock-up period. Reuters reports that Twitter's lock-up involves about 470 million shares. Read more... May 6, 2014

FreightCar America's First Quarter Loss Larger Than Expected

The first quarter 2014 loss for FreightCar America was bigger than expected. The company reported revenues of $56.1 million for Q1 2014 and a net loss of $6.9 million, or $(0.58) per share. Analysts were reportedly expecting a smaller loss of $0.05 per share according to a Thomson Reuters poll of analysts. The company blamed the severe winter for part of its Q1 problems. Read more... May 4, 2014


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