Merrill Lynch To Be Dissolved: Bloomberg (BAC)
Merrill Lynch, which was acquired by Bank of America Corp. (NYSE: BAC) more than four years ago at the height of credit crises, might cease to exist as a legal entity. According to Bloomberg,...
Category: Hot Stocks to Watch
Forex Market Update: Dollar Recovers As Yields On Treasuries Soar
The U.S. dollar gained traction against a basket of rival currencies on Friday after a tumultuous trading session on Thursday; however, the currency will remain vulnerable as concerns over when the Federal Reserve would...
Aspen Technology Swings to a Profit in Q4, Shares Rally in Afterhours (AZPN)
Aspen Technology Inc. (NASDAQ: AZPN) said late on Thursday that it swung to a profit in its fiscal fourth quarter, aided by sharp increase in revenue from subscriptions and software sales. Shares jumped about...
Jos. A. Bank Clothiers Provides Disappointing Outlook For Q2 (JOSB)
Shares of Jos. A. Bank Clothiers Inc. (NASDAQ: JOSB) tumbled about 6.50% in aftermarket hours on Thursday after the men’s apparel retailer said that both sales and EPS for the fiscal second quarter will...
Forex Market Update: Dollar Index Edges Down, More Economic Data Eyed
The U.S. dollar traded broadly lower during Asian trading hours on Thursday as ambiguity over when and at what pace the Federal Reserve will start winding down its multi-billion asset purchase program prompted investors ...
Agilent Technologies Q3 Profit Drops 31% But Non-GAAP Earnings Tops Guidance (A)
Agilent Technologies Inc. (NYSE: A) said late on Wednesday that fiscal third quarter income fell 31%. The diversified testing equipment maker blamed weakness in the electronic measurement division. Other business segments, however, showed growth...
NetApp Q2 Guidance Cautious, Shares Fall (ntap)
Data storage company, NetApp Inc. (NASDAQ: NTAP) said on Wednesday that fiscal first quarter income increased 28%, aided by the recent launch of its OnTap operating system as well as stronger sales of its...
Forex Market Update: Euro Down Against Dollar, Sterling Up after BOE Minutes
Notwithstanding a spate of positive GDP data from the euro zone, the euro slipped against the U.S. dollar on Wednesday as rising yields on treasuries amid growing speculation that the Federal Reserve’s multi-billion asset...
Brocade Communications Beats Q3 Estimates
The data storage and communication networking solutions provider, Brocade Communications Systems Inc. (NASDAQ: BRCD) said late on Tuesday that fiscal third quarter results surpassed the company’s own expectation as cost cutting efforts and unexpectedly...
SeaWorld Entertainment’s First Quarterly Results After Its IPO Disappoints Investors
Theme park and entertainment company, SeaWorld Entertainment Inc. (NYSE: SEAS) said on Tuesday that it swung to fiscal second quarter loss as unfavorable weather conditions and higher ticket prices dissuaded visitors. Shares plunged about...