Press Releases

Boeing (NYSE: BA) has rolled out of the factory the first 787 Dreamliner to be built at the increased production rate of seven airplanes per month. The airplane, which rolled out earlier this week, is the 114th 787 to be built overall and the 100th 787 to be built at the Everett, Wash., factory...

Mall operator Simon Property Group (NYSE: SPG) reported first quarter results that beat analyst estimates pre-market Friday. The company also raised its outlook for fiscal year 2013 slightly but was still slightly lower than analyst estimates. For the first quarter of 2013, Simon Property Group...

Famed currency investor George Soros, famous for "breaking the sterling" in the 1980's, has taken a large 7.9 percent stake in struggling retailer J.C. Penney (NYSE: JCP). Soros now is long the stock along with Pershing Square's Bill Ackman and now is opposed by Carl Icahn. Although he has taken a...

Altria Group Inc. (NYSE: MO), which reported softening first-quarter cigarette volumes, will enter the e-cigarette market later this year, a move to address a pocket of the tobacco market that is gaining heightened attention among consumers. Profitability grew 16% for the quarter, aided by...

In a move meant to improve safety – not to mention bookings and share prices – Carnival Corp. (NYSE: CCL) announced Wednesday that it would spend more than $300 million to enhance emergency procedures on its fleet of 24 cruise ships. According to a PRNewswire press release, Carnival will “...

Intermolecular, Inc. (Nasdaq: IMI) today announced that it has entered into a multi-year technology development and IP licensing agreement with Micron Technology, Inc. (Nasdaq: MU), focused on technology development and related IP for advanced memory technologies. The collaboration will involve...

U.S. banking behemoth Bank of America (NYSE: BAC) reported first quarter results early Wednesday that missed analyst estimates and shares slid in the pre-market. For the first quarter of 2013, Bank of America reported earnings per share of $0.20 on adjusted revenue of $23.8 billion. Analysts were...

After a trip to Asia, Jefferies' Peter Misek has lowered his confidence in Apple's (NASDAQ: AAPL) ability to beat street estimates in the next two fiscal quarters. Misek expects Apple to achieve the low end of guidance in the first quarter, but believes the results will be below the consensus...

The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Merrill Lynch, Pierce, Fenner & Smith Inc. $1.05 million for failing to provide best execution in certain customer transactions involving non-convertible preferred securities executed on one of its proprietary...

U.S. Bancorp (NYSE: USB) reported first quarter results that met expectations on the bottom line but missed on the top line. Earnings for the first quarter of 2013 were driven by a year-over-year reduction in non-interest expense and a lower provision for credit losses. For the first quarter of...