Market News

It was a choppy day of trading on Wall Street as investors took in the latest round of earnings reports.

Marathon Oil (MRO) announced that it earned 55 cents per share, below estimates of 68 cents per share, for the most recent fiscal quarter versus 78 cents per share in the same period last year. Revenues were $4.236 billi...

The Mortgage Bankers Association announced on Wednesday that the refinance index increased by 15% for the week ended February 1 from the previous week, and total mortgage applications filed increased by 16%. On a seasona...

The first municipal bond backed by the bond-insurance arm of Warren Buffett's Berkshire Hathaway in more than three years is meeting with good demand from investors Wednesday.

Fixed-income investors with the stomach for placing interest rate bets will have a new source thanks to the NASDAQ OMX (NASDAQ: NDAQ) and Bank of New York Mellon. They announced plans this morning to allow investors to t...

Getting a commercial rejected from the Super Bowl telecast is turning out to be the best thing to happen to SodaStream International (SODA) in quite some time. The maker of home beverage carbonation systems had its first...

Mandatory audit firm rotation was an old tune sung again by the Public Company Accounting Oversight Board, the audit industry regulator, beginning in August of 2011. The regulator?s chorus ? too-long audit firm tenure br...

Analysts expect higher profit for CareFusion (CFN) when the company reports its first quarter results on Thursday, February 7, 2013. The consensus estimate is calling for profit of 52 cents a share, reflecting a rise fro...

Kellogg (K) had its estimates and price target increased by BMO (BMO) due to improving North American sales trends. A $63 price target was issued with a market perform rating.

Universal Corporation (UVV) maintained its quarterly dividend of 50 cents per share. The dividend is payable May 13, 2013, to common shareholders of record at the close of business on April 8, 2013.

Carlisle Companies Incorporated (CSL) maintained its quarterly dividend of 20 cents per share. The dividend is payable on March 1, 2013 to shareholders of record at the close of business on February 18, 2013.

Express (EXPR) was upgraded by JP Morgan (JPM) to overweight due to stabilizing trends.

CH Robinson (CHRW) was downgraded by Bank of America/Merrill Lynch (BAC) to underperform from buy with a price target of $60, as the firm believes there will be challenges in terms of meeting targets for long term growth...

Apple returned to the Yerba Buena Gardens in San Francisco to introduce its latest device, the long-awaited iPhone 5. Here are some of the new features they revealed.

In trading on Wednesday, music & electronics stores shares were relative laggards, down on the day by about 1.6%. Helping drag down the group were shares of Gamestop Holding (GME), off about 10% and shares of Best Buy (B...

In trading on Wednesday, real estate shares were relative leaders, up on the day by about 1.9%. Leading the group were shares of China HGS Real Estate (HGSH), up about 18% and shares of Brookfield Asset Management (BAM) ...

Lewis Hamilton made a disastrous start to testing his new Mercedes at Jerez after colliding with a tire barrier Wednesday.

The continued improvement in the US economy, coupled with lower unemployment and a rebound in the housing market, is fueling hopes for an uptrend in the retail sector, and MoneyShow's Tom Aspray highlights a few stocks t...

Analysts are looking for decreased profit for Owens & Minor (OMI) when the company reports its results for the fourth quarter on Monday, February 11, 2013. Owens & Minor reported profit of 51 cents a year ago, but the co...

Dun & Bradstreet (DNB) reports its fourth quarter earnings on Monday, February 11, 2013.

Loews (L) is expected to report poor fourth quarter earnings on Monday, February 11, 2013 with analysts expecting a 51.9% drop in earnings from a year ago. The consensus estimate is 37 cents per share, down from earnings...

Time Warner (TWX) announced it earned $1.17 billion, or $1.21 per share, for the fourth quarter of 2012, up from $773 million, or 76 cents per share, in the same period last year. Adjusted earnings were $1.17 per share, ...