Starbucks 1Q Profit Up 10 Percent

Filed under Finance headlines 3 months ago

Starbucks Corp.'s fiscal first-quarter profit increased 10 percent as the coffee company added stores, customers and new......

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FINALLY, STOCKS FALL: Here’s What You Need To Know (DIA, SPY, QQQ, DHI, LEN, CAT, NFLX, MMM)

Filed under Finance headlines 3 months ago

Disappointing housing and jobs data gave reasons for people to sell stocks. First, the scoreboard: Dow: 12,725.6, -31.31, -0.3%S&P 500: 1,317.9, -8.1, -0.6%NASDAQ: 2,804.6, -13.6, -0.5% And now, the top stories:A quick note on Europe: Greece's debt swap negotions with private creditors grind......

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Barney Frank to wed partner in Massachusetts

Filed under Finance headlines 3 months ago

BOSTON (Reuters) - Barney Frank, the 16-term congressman from Massachusetts who was one of the first openly gay politicians at a national level, plans to marry his partner, his office said on Thursday.......

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Starbucks Boosts Forecasts As Revenue Tops Expectations (SBUX)

Filed under Finance headlines 3 months ago

Starbucks announced first quarter earnings of $0.50 a share, topping expectations by a penny. Analysts polled by Bloomberg were looking for first quarter earnings of $0.49, on top line results of $3.3 billion. Those same research teams predicted second quarter guidance of $0.38 on revenue of $3.1......

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Australia Urges Order in Papua New Guinea on Mutiny Report

Filed under Asia headlines 3 months ago

Australia called for Papua New Guinea’s military chain of command to be restored amid reports soldiers staged a mutiny in the country’s capital, Port......

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Netflix Will Rebound Faster than You Think

Filed under Finance headlines 3 months ago

Few companies faced bigger self-created challenges in 2011 than Netflix. Last summer the company tried to split itself in......

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Corruption scandal shakes Vatican as internal letters leaked

Filed under Finance headlines 3 months ago

VATICAN CITY (Reuters) - The Vatican was shaken by a corruption scandal Thursday after an Italian television investigation said a former top official had been transferred against his will after complaining about irregularities in awarding contracts.......

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Market Slips After Rally As Housing Sputters

Filed under Finance headlines 3 months ago

Wall Street dipped on Thursday as housing and financial stocks declined after weaker-than-expected housing data gave investors reason to pause after a recent......

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Most Share Buybacks Don’t Pay Off for Investors

Filed under Finance headlines 3 months ago

Companies are repurchasing shares at levels not seen since before the financial crisis, but most buybacks don't pay off for shareholders, a new report......

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Bravo Whitney Tilson!

Filed under Finance headlines 3 months ago

Hedge fund manager Whitney Tilson had a pretty rough 2011. He famously shorted Netflix on its way up, covered near its high, and then watched the stock plunge not long thereafter. Then in late October, he announced that he was going Netflix, seemingly catching a falling knife, and and also......

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Congressman Frank to wed same-sex partner in Massachusetts

Filed under Finance headlines 3 months ago

BOSTON (Reuters) - Barney Frank, a gay 16-term congressman from Massachusetts, plans to marry his partner, his office said on Thursday.......

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Facebook May Be Largest IPO in History: Sean Parker

Filed under Finance headlines 3 months ago

It is 'inevitable' that Facebook will go public and when it does it could be 'the largest offering in history,' said Sean Parker, the first president of the social-networking......

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ECB role under scrutiny as Greek debt talks resume

Filed under Finance headlines 3 months ago

ATHENS (Reuters) - Greece's tortuous negotiations over a debt swap with private creditors honed in on Thursday on demands that the European Central Bank contribute to a deal to bring Athens' messy finances back on track.......

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Treasuries Advance With Commodities on QE Bets as Dollar Weakens

Filed under Asia headlines 3 months ago

Treasuries and commodities rose for a second day after the Federal Reserve yesterday pledged to keep interest rates low and said it is considering more bond purchases. U.S. stocks reversed early gains, while Europe’s benchmark equity index entered a bull......

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Japan Builders Draw Sales With Quake-Resistant Features

Filed under Asia headlines 3 months ago

Ken Saishoji, a 46-year-old Tokyo real-estate agent, used to answer questions from potential apartment buyers about the proximity to train stations and prices. After the March 11 earthquake, that......

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French breast implant boss arrested

Filed under Finance headlines 3 months ago

MARSEILLE, France (Reuters) - Jean-Claude Mas, the Frenchman who sparked a global health scare by selling substandard breast implants, was arrested on Thursday as Marseille prosecutors build a case against him for manslaughter.......

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