US News

One of the main talking points on Wall Street these days is retail giant Amazon’s high valuations. Keeping in mind the saying “Invest into ideas and not stocks”, this article explains the rationale behind investing into Amazon’s future ideas and focuses on its growth over the years, declining profitability in the recent past, challenges and […]

US Airways Group Inc. (NYSE:LCC): The stock is moving on the news of its impending merger with American Airlines. The announcement is expected to be made within this week.

The US Department of Commerce has reported that the country’s trade deficit improved in December to $38.5 billion.  That is down from $48.6 billion in November 2012 and from $51.7 billion in December 2011. The report revealed a somewhat unexpected 2.1% increase in US exports and a 2.7% decrease in imports during the month, which […]

BlackBerry (NASDAQ:BBRY): Consequent to the launch of its new BB10 devices, the company has received a spate of upgrades. Wells Fargo upped its recommendation for the stock from Market Perform to Outperform.

AstraZeneca Plc (NYSE:AZN): The pharma company offers 5.83 percent dividend yield, making it an attractive income stock. AstraZeneca is likely to keep performing well despite posting weak results for the fiscal fourth quarter. The company‘s net profit for the quarter dropped to $6.3 billion while it revenue stood at $28 billion.

CVS Caremark Corporation (NYSE:CVS): The company reported 6 percent increase in its profits for the fourth quarter. CVS Caremark earned 90 cents per share, up from 81 cents per share it had earned in the corresponding quarter of the last year. Its revenue also increased 11 percent to $31.39 billion.

Vringo Inc. (AMEX:VRNG), which deals in mobile technologies and intellectual properties, has announced the filing of a law suit against Microsoft Corporation (NASDAQ:MSFT) for infringement of two patents. I/P Engine, a 100% subsidiary of Vringo filed the suit in New York.

Automatic Data Processing Inc. (NASDAQ:ADP): The company is scheduled to announce its quarterly earnings on 5th of February. ADP Inc. is expected to report its quarterly profit at 71 cents per share while its revenue is likely to be at $2.72 billion, up 5.4 percent from the revenue it had reported a year back for […]

Senate passes bill to suspend debt ceiling ahead of budget negotiations. A bill to suspend the United States’ debt ceiling until May has been passed in the Senate in a 64-to-34 vote. Following an earlier 285-to-144 vote in the House of Representatives, the bill must now be signed by President Obama for it become law. […]

Petrol giant narrowly misses all-time profit high ExxonMobil, the world’s largest independent petroleum refiner, has announced a 6% increase in net-profits during the final three months of 2012. Reporting the $9.95bn profit increase ExxonMobil, for a total of $44.88bn during 2012, the company feel $340m short of its all-time high of £45.22bn recorded in 2008. […]