JP Morgan May Lose $5 Billion from Credit Derivatives Trading
JP Morgan May Lose $5 Billion from Credit Derivatives TradingWSJ reported this morning the trading loss from JP Morgan's derivative bets could add up to $5B. This number is a guess, but if it were true, I wouldn't be surprised. JP Morgan had shor…
- 2 days ago, 18 May 12, 10:20pm -
Facebook Trades Up on Day 1
Facebook Trades Up on Day 1Happy Friday and the listing day of Facebook. Mark and Sheryl rang the bell at NASDAQ and it was a very emotional moment because their story represents the essence of American Dream. On the trading side, the company was…
- 2 days ago, 18 May 12, 8:54pm -
Obama Discusses Budget Cut with French President
Obama Discusses Budget Cut with French PresidentPresident Obama had his first meeting with the new French president Francois Holland today in the White House. They agreed that global leaders should focus on ways to promote growth as well as budge…
- 2 days ago, 18 May 12, 8:25pm -
Donaldson Beats EPS Estimates (DCI)
Donaldson Beats EPS Estimates (DCI)Donaldson (NYSE:DCI) reported fiscal Q3 EPS of $0.46, beating estimates by $0.03.Revenues in the quarter rose 8.8% year-over-year to $647 million, missing estimates by $2 million. Donaldson Company, Inc. manufac…
- 2 days ago, 18 May 12, 7:51pm -
JP Morgan Chase Had No Treasurer As CIO Places Trade (JPM)
JP Morgan Chase Had No Treasurer As CIO Places Trade (JPM)JP Morgan (NYSE:JPM) again made headlines this morning following the previous weeks' financial blunder. The WSJ reported this morning that JP MORGAN's latest press release admits that the…
- 2 days ago, 18 May 12, 7:48pm -
El Paso Pipeline Acquires Remaining 14% Interest In Colorado Interstate Gas (EP)
El Paso Pipeline Acquires Remaining 14% Interest In Colorado Interstate Gas (EP)El Paso Pipeline (NYSE:EP) announced it would acquire the remaining 14% interest in Colorado Interstate Gas and all of Cheyenne Plains Investment, which owns Cheyenne…
- 2 days ago, 18 May 12, 7:47pm -
Kirkland Reports Inline Results (KIRK)
Kirkland Reports Inline Results (KIRK)Kirkland's (NASDAQ:KIRK) reported Q1 EPS of $0.10, inline with estimates. Revenues in the quarter rose 3.6% year-over-year to $97.8 million, inline with estimates. Kirkland's, Inc. retails home accessories an…
- 2 days ago, 18 May 12, 7:47pm -
GE Plans To Double China JVs (GE)
GE Plans To Double China JVs (GE)GE (NYSE:GE) said it plans to double joint ventures in China over the next five years. The company currently has 28 joint ventures in China, Reuters reported, citing comments by Vice Chairman John Rice. General El…
- 2 days ago, 18 May 12, 7:47pm -
Brown Shoe Tops Estimates As Revenues Inch Higher (BWS)
Brown Shoe Tops Estimates As Revenues Inch Higher (BWS)Brown Shoe (NYSE:BWS) reported Q1 EPS of $0.46, topping estimates by $0.03. Revenues in the quarter rose 1.1% year-over-year to $647 million, beating estimates by $26 million. Brown Shoe Comp…
- 2 days ago, 18 May 12, 7:40pm -
Ann Inc. Tops Estimates And Reaffirms Guidance
Ann Inc. Tops Estimates And Reaffirms GuidanceAnn Inc. (NYSE:ANN) reported Q1 EPS of $0.58, beating estimates of $0.51. Revenues in the quarter came in at $560.4 million, also above estimates of $559.9 million. The company reaffirmed annual comp…
- 2 days ago, 18 May 12, 7:29pm -
Foot Locker Tops Estimates As Comp Sales Rise 9.7%
Foot Locker Tops Estimates As Comp Sales Rise 9.7%Foot Locker (NYSE:FL) reported Q1 EPS of $0.83, topping estimates of $0.74. Revenues in the quarter came in at $1.58 billion, also beating estimates of $1.55 billion. The company reported its Q1 c…
- 2 days ago, 18 May 12, 2:17pm -
Facebook Co-Founder Evading Taxes, US Senators Not Happy
Facebook Co-Founder Evading Taxes, US Senators Not HappyCo-founder of the social network giant Facebook will be saving some money once the company goes public today. Eduardo Saverin will save at least $67 million in taxes once people start buying…
- 2 days ago, 18 May 12, 2:07pm -