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Local.com Sees Q4 Results Below Prior Expectations, Street Estimates

Published on Fri, 01/07/2011 - 08:34
By FNNO Staff in Earnings Preview, LOCM, business, earnings, eps, finance, investing, lcom, local.com, market analysis, news, stock trading
business, earnings, eps, finance, investing, lcom, local.com, market analysis, news, stock trading

Local.com (LOCM) expects Q4 revenue to be about $19.9 mln, below previous guidance of $22 to $23 mln. Adjusted EPS is seen at about $0.19, vs. previous guidance of $0.20 to $0.21 per share. The Street view is $23 mln in revenue an

By FNNO Staff
fnnonline@gmail.com

Tech Sector Report - January 6, 2011

Published on Thu, 01/06/2011 - 17:09
By FNNO Staff in General Interest, AAPL, CBS, yhoo, aapl, apple, business, cbs, finance, investing, market analysis, news, stock trading, technology, yahoo, yhoo
aapl, apple, business, cbs, finance, investing, market analysis, news, stock trading, technology, yahoo, yhoo

Technology shares are higher in late trading and Apple (AAPL) is looking to replicate the popularity of its iPhone app store on its line of Macintosh computers. In late-session technology news, Apple (AAPL) shares are have switche

By FNNO Staff
fnnonline@gmail.com

Financial Sector Report - January 6, 2011

bac, bank of america, bill daley, business, finance, financial, investing, jpm, jpmorgan, market analysis, news, stock trading

Financial shares have remained lower into the late session as the broader market traded in mixed fashion for much of the day. In late-session financial sector news, Bank of America (BAC) shares are trading lower as the bank introd

By FNNO Staff
fnnonline@gmail.com

Exxon Mobil CEO Disputes Findings of WH Panel Investigating

Published on Thu, 01/06/2011 - 16:51
By FNNO Staff in General Interest, BP, XOM, bp, business, exxon mobil, finance, investing, market analysis, news, stock trading, xom

Tillerson said, according to a Reuters report of the comments, "The commission did not investigate the entire industry. It seems to ignore years of records of good performance, so I do not agree with that conclusion."

Earlier today, the oil major signed a deal with Qatar's state run oil firm Qatar Petroleum to develop an $8.6 billion project in the country to supply gas to users, Bloomberg reports.

bp, business, exxon mobil, finance, investing, market analysis, news, stock trading, xom

Exxon Mobil Chief Executive Officer Rex Tillerson disputed findings of a White House commission that blamed--in part--lax industry practices for the massive BP (BP) oil spill last year.

By FNNO Staff
fnnonline@gmail.com

Former Tyson Foods CEO Donald J. Tyson, an Industry "Visionary," Dead at 80

Published on Thu, 01/06/2011 - 16:48
By FNNO Staff in General Interest, TSN, business, finance, investing, market analysis, news, stock trading, tsn, tyson fods

Tyson joined the poultry business founded by his father in 1952, and went on to become the company's president in 1966. Tyson Foods became the largest worldwide poultry producer in 1989 when it acquired Holly Farms.

His son, company chairman John R.

business, finance, investing, market analysis, news, stock trading, tsn, tyson fods

Former chief executive of Tyson Foods, Inc. (NYSE:TSN), Donald J. Tyson, died Thursday at 80-years-old. According to company spokesman Gary Mickelson, Tyson passed away at his home with his family due to cancer-related complicatio

By FNNO Staff
fnnonline@gmail.com

Dell & T-Mobile Unveil Streak 7 Tablet at CES

Published on Thu, 01/06/2011 - 16:05
By FNNO Staff in General Interest, DELL, business, dell, finance, investing, market analysis, news, stock trading, streak tablet

The tablet, which Dell plans to market as a media consumption device, is T-Mobile's first 4G HSPA+ tablet.

business, dell, finance, investing, market analysis, news, stock trading, streak tablet

Dell Inc. (NASDAQ:DELL) and T-Mobile unveiled the Streak 7 tablet at the Consumer Electronics Show in Las Vegas Thursday, slated to arrive in the U.S. in the next few weeks. Though the device is similar to the previous Dell Streak

By FNNO Staff
fnnonline@gmail.com

Medtronic CEO Predicts Better Days for Medical Device Maker

Published on Thu, 01/06/2011 - 16:03
By FNNO Staff in General Interest, mdt, business, finance, investing, market analysis, mdt, medtronic, news, stock trading

CEO Bill Hawkins said he sees less pricing pressure on Medtronic products and more stability for the company's downtrodden spin business.

The comments came at a Goldman Sachs conferece.

Medtronic shares are up 0.11%, or $0.04, to $36.53.

business, finance, investing, market analysis, mdt, medtronic, news, stock trading

Shares of Medtronic (MDT) are up fractionally in afternoon trading after the company's outgoing chief executive said he sees better days ahead for the medical device maker, Reuters reported.

By FNNO Staff
fnnonline@gmail.com

Wet Seal Sheds 11.5%; Dec. Same-Store Sales Drop 2.1%

Published on Thu, 01/06/2011 - 15:50
By FNNO Staff in General Interest, wtsla, business, finance, investing, market analysis, news, stock trading, wet seal, wtsla

It sees Q4 EPS at or near the low end of initial guidance between $0.03 to $0.05. The Thomson Reuters mean is for a nickel per share.

business, finance, investing, market analysis, news, stock trading, wet seal, wtsla

The Wet Seal (WTSLA) is down after it says December same-store sales fell 2.1%, slightly below the company's expectations.

By FNNO Staff
fnnonline@gmail.com

Centene Lifted to Overweight by Barclays Capital; Shares on the Rise

Published on Thu, 01/06/2011 - 15:50
By FNNO Staff in Analyst reflections, CNC, business, centene, cnc, finance, investing, market analysis, news, stock trading

Raskin wrote: "We see Centene as maintaining a solid set of assets in the growing market of Medicaid managed care. The company is more diversified than its peers, with operations in 12 states.

business, centene, cnc, finance, investing, market analysis, news, stock trading

Centene Corp. (NYSE:CNC) was lifted from Underweight to Overweight by an analyst at Barclays Capital on Thursday. Analyst Joshua Raskin cited the firm's auspicious position in the Medicaid space as the reasoning behind the upgrade

By FNNO Staff
fnnonline@gmail.com

Skype acquires mobile video provider Qik

Published on Thu, 01/06/2011 - 15:50
By FNNO Staff in General Interest, ebay, acquisition, business, ebay, finance, investing, market analysis, merger, news, qik, skype, stock trading
acquisition, business, ebay, finance, investing, market analysis, merger, news, qik, skype, stock trading

Skype announced it has entered into a definitive agreement to acquire Qik, a provider of mobile video software and services. Qik has 60 employees, and is headquartered in Redwood City, California and has an office in Moscow, Russi

By FNNO Staff
fnnonline@gmail.com

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