US News

Another down week for the UK flagship index  with a revisit to near April lows of 6215 and hand-rubbing by bargain hunters looking for a rebound. Declines driven by more intense fears over global growth (emerging + developed), with weaker Chinese weekend growth data (as suggested last week) seeing the prior Friday’s sell-off in risk […]

Cypress Semiconductor Corporation (NASDAQ:CY): The stock is currently trading at $9.95, down 9.18 percent after the announcement of its disappointing result. The chip manufacturer reported its net loss for the first quarter at $28.2 million, up from its quarterly loss of $19.5 million it had reported for the first quarter of the previous year. On […]

Bank of America argues that their customer strategy is working Bank of America Corporation has announced net income of $2.6 billion, or $0.20 per diluted share, for the first quarter of 2013, compared to $653 million, or $0.03 per diluted share, in the first quarter of 2012. Revenue, net of interest expense, on a fully […]

Company cites “market softness” as they announce losses in key company results. Intel Corporation today has first-quarter revenue of $12.6 billion, operating income of $2.5 billion, net income of $2.0 billion and EPS of $0.40. The company generated approximately $4.3 billion in cash from operations, paid dividends of $1.1 billion, and used $533 million to […]

Failure of Fresh & Easy stores to cost company £1.2bn Following a failure to make a success out its US operation Tesco’s is to close all 199 of its Fresh & Easy shops, at a cost of £1.2bn. Making the decision after a strategic review of Fresh & Easy, including the indications of interest received […]

If you want to know which way gold is going to move the best thing to do is watch it every day on ADVFN and you should build up a feel for its real value. Gold should be a small part of your investment portfolio and nothing beats keeping tabs on your investments and the […]

Earlier today, the International Monetary Fund released its semi-annual World Economic Outlook, subtitled “Hopes, Realities, Risks.” From a 30,000 foot view, the IMF thinks that the world economy is beginning to recovery from a slow 2012 although risks to the economy are still being considered high “in the medium term.”  The report cited two major […]

Change in name to reflect greater cooperation between investment and real estate operations M&G Investments, one of Europe’s leading investment managers, today announces that its property business, PRUPIM, will be renamed M&G Real Estate. The change of name is effective from the end of June. Alex Jeffrey, Chief Executive of PRUPIM, says the name change […]

Pep Boys-Manny, Moe & Jack (NYSE:PBY): The company reported higher than expected losses for its fourth quarter. Its fourth quarter loss stood at $14.5 million, up from $4.4 million in loss it had suffered for the corresponding quarter of the previous year. On per share basis, its loss has been reported at 27 cents per […]

“There’s fool’s gold—pyrite—and then there’s fool’s gold—gold owned by idiots willing to trade it for worthless dollars.” ~ Jarod Kintz Some blame Cyprus.  Others blame China.  Yet others blame the U.S.  Regardless of whom you choose to blame, the price of gold has declined in the last two days of trading from $1,561 per ounce […]