Videos - In The News

  •      11:26 AM Snyder's-Lance Reported Mixed Q2 Results

    Snyder's-Lance (NASDAQ:LNCE) reported Q2 EPS of $0.16, ex-items, missing consensus estimates of $0.17 per share. Revenues for the quarter rose 75.7% year-over-year to $413.0 million, topping consensus estimates of $407.3 million.

    The company sees 2011 EPS of $0.75 to $0.90, vs. consensus...

  • 11:20 AM CBS Shares Climb On Upgrade

    Shares of CBS Corp.(NYSE:CBS) were up 10% Tuesday after Argus Research raised its rating on the stock to buy from hold.

    The stock is one of the biggest gainers on the S&P 500.

    After massive U.S. market selloffs recently, CBS stock is down 18.4% for the month, and 17.7% in the...

  • 09:50 AM ReneSola Reported Q2 Results; Issued Guidance

    ReneSola (NYSE:SOL) reported Q2 EPS of $0.02, missing consensus estimates of $0.16 per share. Revenues fell 1.8% year-over-year to $249.3 million, vs. consensus estimates of $147.6 million.

    Mr. Xianshou Li, ReneSola's chief executive officer said, "Both wafer and module prices fell faster...

  • 09:44 AM Freddie Mac Asking Government For Additional Aid

    Freddie Mac is requesting $1.5 billion in extra federal aid after posting a loss over the spring quarter.

    The mortgage giant says that it lost $4.66 billion during the April through June quarter. That takes into account $1.6 billion in dividends paid to the Treasury Department. It...

  • 09:41 AM Wells Fargo Reaches $590 Million Lawsuit Settlement

    Bloomberg reported that Wells Fargo (NYSE:WFC) reached a $590 million settlement in principle with plaintiffs who claimed in a lawsuit that Wachovia Corp. misled investors.

    The agreement, which is subject to court approval, is reproducing in the bank's financial statements and "will not...

  • 09:40 AM Ralcorp Holdings Inc. Plans to Acquire Sara Lee Unit

    Ralcorp Holdings Inc. (NYSE:RAH) plans to acquire Sara Lee's (NYSE:SLE) North American private label refrigerated dough business for an estimated $545 million in a deal that will assist the company in expanding its margins after the proposed spin-off of its cereals business.

    Ralcorp...

  • 09:39 AM Abraxas Petroleum Announces Production And 2011 Estimates

    During the month of July, Abraxas (NASDAQ:AXAS) produced 4,160 barrels of oil equivalent per day up from an average of 3,845 barrels of oil equivalent per day for the Q2.

    Abraxas expects production for 2011 to average 4,000 to 4,200 barrels of oil equivalent per day, including its equity...

  • 09:39 AM Neonode Signs Technology License Agreement With L&I Electronic

    Neonode Signs Technology License Agreement With L&I Electronic
  • 08:12 AM What's In The News: August 9, 2011

    This is what's in the news for Tuesday, August 9th. Sources tell the Wall Street Journal that Capital One (NYSE:COF) is close to a deal to buying HSBC's (NYSE:HBC) U.S. credit card portfolio. The deal will include around $30B of credit card loans. The Wall Street Journal also reported that...

  • 04:32 PM Wal-Mart To Start New Project By The Holiday Season (WMT)

    Wal-Mart is planning to start several new projects over the holiday season based on the technology it purchased from the social media startup Kosmix last April.

    When Kosmix was acquired by Wal-Mart, the company already raised $55 million in funding from a various investors throughout the...