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Michael Matthews

Benzinga Staff Writer

August 09, 2012 10:35 AM
The Justice Department is seeking the cooperation of low-level UBS (NYSE: UBS) employees in its investiation of the global interest rate-setting scand ...
August 06, 2012 12:23 PM
Another Yahoo! (NASDAQ: YHOO) executive -- VP Jim Heckman -- has left the company just three weeks after the arrival of new CEO Marissa Mayer. His d ...
August 06, 2012 10:29 AM
Knight Capital (NYSE: KCG) shares fell approximately 25 percent in early trading Monday after the company announced rescue financing that will shore u ...
August 06, 2012 9:46 AM
Best Buy (NYSE: BBY) shares rose 23 percent in premarket trading after founder Richard Schulze on Monday offered to take the electronics retailer priv ...
August 03, 2012 1:20 PM
An 82-year-old nun may have just signaled a coming wave of potential business for several Department of Homeland Security contractors. Congress will ...
August 02, 2012 10:59 AM
First Solar (NASDAQ: FSLR) shares gained more than any other S&P 500 stock early Thursday, after the company boosted earnings guidance and reporte ...
August 02, 2012 10:11 AM
General Motors (NYSE: GM) rose Thursday after second-quarter earnings fell less than expected and the automaker posted a slightly narrower-than-expect ...
August 02, 2012 9:42 AM
Knight Capital (NYSE: KCG) shares fell 58 percent in premarket trading to near $3 a share Thursday after it reported a pretax $440 million loss on a t ...
August 01, 2012 3:08 PM
Apple (NASDAQ: AAPL) gained the most U.S. smartphone market share in the second quarter, making strides against category leader Google according to a ...
August 01, 2012 10:47 AM
Harley-Davidson's (NYSE: HOG) beat second-quarter earnings expectations on a 30 percent net income surge and held firm to 2012 targets amid continued ...
August 01, 2012 9:54 AM
If small business is the “engine” of the U.S. economy, it's leaking oil and running on only three cylinders according to Wednesday's release of a ...
August 01, 2012 9:23 AM
Apple could (and probably should) buy Nuance Communications (NASDAQ: NUAN) with part of its $117 billion cash stash. Acquiring Nuance would help it ke ...
July 31, 2012 12:06 PM
Given investors' high expectations for U.S. quantitative easing and additional stimulus in Europe, gold's lack of a truly impressive rally may not be ...
July 27, 2012 3:44 PM
The value of Amazon's (NYSE: NASDAQ) stake in LivingSocial fell in the second-quarter, even though the daily-deals site reported 26% sequential revenu ...
July 27, 2012 9:47 AM
Facebook (NYSE: FB) is getting clobbered on growth concerns, but CEO Mark Zuckerberg did soothe some fears Thursday about how the company plans to mon ...
July 27, 2012 8:40 AM
Weyerhaeuser (NYSE: WY) missed second-quarter earnings expectations, but said it expects "significantly higher" Q3 earnings driven by its cellulose fi ...
July 26, 2012 5:26 PM
Deckers Outdoor (NASDAQ: DECK) shares surged nearly 14% after hours to $47.90 after it lost less than expected and posted a rise in its retail stores ...
July 26, 2012 4:56 PM
Starbucks shares (NASDAQ: SBUX) fell 8 percent following market-close after the company missed earnings, reported flat European sales in the second qu ...
July 26, 2012 3:40 PM
Groupon (NYSE: GRPN) slid to at all-time low on Thursday after analyst Ken Sena at Evercore downgraded the stock, citing transparency and disclosure c ...
July 26, 2012 2:47 PM
Morgan Stanley (NYSE: MS) could be worth $32 a share if it were to separate its investment banking business from its consumer businesses, said CLSA an ...
July 26, 2012 9:26 AM
The bar is set low for Facebook (NASDAQ: FB) for its first-ever earnings report -- and now even lower after Zynga's (NASDAQ: ZNGA) dismal results. Th ...
July 25, 2012 9:53 AM
Apple's (NASDAQ: AAPL) earnings miss has investors looking ahead to the iPhone 5 launch – something Wells Fargo analysts have touted as the “bigge ...
July 25, 2012 7:20 AM
Now the wait begins for the iPhone 5 and possibly three other major Apple (NASDAQ: AAPL) product releases ahead of the holiday season. Apple's June q ...
July 24, 2012 3:57 PM
Jim Rogers is out with fresh salvos in the latest investing tiff over the future of China. Two of the foremost bears are wrong about the country's pr ...
July 24, 2012 9:39 AM
UPS (NYSE: UPS) lowered its 2012 earnings guidance Tuesday and warned that global economic growth expectations have come down, likely crimping busines ...
July 24, 2012 8:19 AM
Cisco (NYSE: CSCO) plans to lay off about 1,300 more employees, about 2 percent of its workforce, as sluggish sales growth continues for one of the be ...
July 24, 2012 7:25 AM
Germany's credit rating - one of the few in Europe that still carries a top-notch AAA rating - is now in doubt, with Moody's Investors Service changin ...
July 23, 2012 5:20 PM
Apple (NASDAQ: AAPL) has only missed earnings once in the past eight years - last fall, ahead of a major product launch, back when analyst expectation ...
July 23, 2012 9:31 AM
A weak euro relative to the dollar whipped McDonald's (NYSE: MCD) second-quarter results like a McCafe Frappe, pinching margins and turning roughly in ...
July 23, 2012 8:52 AM
Cnooc Ltd is offering $15.1 billion in cash to buy Canadian oil sands giant Nexen (NYSE: NXY) – a deal that may test nationalist sentiment throughou ...