Financial


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Forbes - United States

FireEye Beats & Gets A Beatdown

Good numbers plus a raise

Posted on 30 July 2015 @ 8:52 pm

Electronic Arts Helped By Digital Sales As Investors Await Star Wars Release

Electronic Arts beat earnings estimates in its fiscal first quarter, helped by robust growth in digital sales and live streaming.

Posted on 30 July 2015 @ 8:30 pm

SoulCycle Is Gearing Up For An IPO

SoulCycle is officially gearing up for an IPO, the boutique spinning studio said in a regulatory filing on Thursday.

Posted on 30 July 2015 @ 7:04 pm

Four Ways You May Be Putting Your Financial Security At Risk

Achieving financial security in retirement requires anticipating the risks that could prevent you from having a quality retirement, and avoiding erroneous assumptions.  First, the risks:
Not planning for unanticipated expenditures – We don’t know when they’re going to happen, but we know there are going to be unexpected expenses in retirement.  It might be fixing the furnace or repairing the roof, or perhaps a child in need of some extra help.  Any number of $5,000, $10,000 or even $20,000 expenses will arise.  It is essential to not only have money invested to produce retirement income, but to set aside money for emergencies, so you won’t need to disturb your core retirement nest egg. That planning should begin when you’re about five years away from retirement – one account set aside for core retirement income; another to be used for emergency expenses.
Not focusing on long-term planning – In building a long-term retirement investment plan, you should expect a 30 year retirement.  Thirty years ago, gasoline cost $1.31 a gallon – today it is about triple that.  You may live for 30 years after retiring, so use that time frame, with your goal being to have investment income outpace costs over time.
Not working as long as you planned – You may not be able to work as long as you expect – for health reasons, or because your company downsizes you out of a job.  Your plan may be to work until age 65 or 70, but the company may tell you at age 62 that it is time to move on.  Even if you locate another job, the salary may not approach what you earned previously.
Increasing life span – Perhaps the biggest planning mistake people make is looking at the family tree.   They figure that since mom lived to 72 or dad to 77, they can anticipate their own life expectancy.  Don’t count on it.  Healthcare and medicine is considerably better today, so my rule of thumb is to expect 30 years of retirement.

Posted on 30 July 2015 @ 6:55 pm

Thursday Sector Laggards: Energy, Industrial

In afternoon trading on Thursday, Energy stocks are the worst performing sector, showing a 1.5% loss. Within that group, Range Resources Corp (NYSE: RRC) and Diamond Offshore Drilling, Inc. (NYSE: DO) are two large stocks that are lagging, showing a loss of 7.6% and 4.5%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (AMEX: XLE), which is down 1.0% on the day, and down 9.39% year-to-date. Range Resources Corp, meanwhile, is down 26.12% year-to-date, and Diamond Offshore Drilling, Inc., is down 39.39% year-to-date. Combined, RRC and DO make up approximately 0.9% of the underlying holdings of XLE.

Posted on 30 July 2015 @ 6:35 pm

Thursday Sector Leaders: Utilities, Services

Looking at the sectors faring best as of midday Thursday, shares of Utilities companies are outperforming other sectors, up 0.7%. Within that group, Southern Company (NYSE: SO) and Exelon Corp. (NYSE: EXC) are two large stocks leading the way, showing a gain of 1.9% and 1.7%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (AMEX: XLU), which is up 0.7% on the day, and down 6.20% year-to-date. Southern Company , meanwhile, is down 7.46% year-to-date, and Exelon Corp., is down 12.90% year-to-date. Combined, SO and EXC make up approximately 12.5% of the underlying holdings of XLU.

Posted on 30 July 2015 @ 6:33 pm

A "Long" Look At FireEye

FEYE looks good into ER tonight

Posted on 30 July 2015 @ 6:13 pm

RTT News - United States

PG&E Q2 Results Beat View; But Lowers 2015 Outlook

Public utility firm PG&E Corp. (PCG), an energy-based holding company that owns Pacific Gas and Electric Co., on Wednesday reported a 51 percent increase in profit for the second quarter from last year on higher revenues.

Posted on 29 July 2015 @ 3:22 pm

General Dynamics Boosts 2015 Outlook As Q2 Results Top Estimates

Defense contractor General Dynamics Corp.(GD) reported Wednesday a profit for the second quarter that increased 39 percent from last year, reflecting improved margins and revenue growth. Both earnings per share from continuing operations and quarterly revenues topped analysts’ expectations. The company also raised earnings guidance for the full-year 2015.

Posted on 29 July 2015 @ 2:53 pm

Goodyear Tire Q2 Results Beat View; Reaffirms Full-year Outlook

Tire manufacturer Goodyear Tire & Rubber Co. (GT) on Wednesday reported a 10 percent decline in profit for the second quarter from last year on lower sales that were negatively impacted by unfavorable foreign currency translation. However, tire volumes rose 1 percent.

Posted on 29 July 2015 @ 2:45 pm

Gilead Sciences Q2 Profit Up 23%, Results Beat View; Lifts 2015 Sales Outlook

Gilead Sciences Inc. (GILD) on Tuesday reported a 23 percent increase in profit for the second quarter from last year, reflecting strong sales of its hepatitis C drug Harvoni.

Posted on 29 July 2015 @ 4:15 am

Cummins Q2 Profit Rises – Update

Engine maker Cummins Inc. (CMI), Thursday reported an increase in profit for the second quarter, on improved revenues and curbs is manufacturing costs. Both earnings and revenue for the quarter trumped Wall Street estimates.

Posted on 28 July 2015 @ 6:13 pm

Supervalu Profit Rises, Considering Save-A-Lot Spin-Off; Shares Up 17%

Supervalu, Inc. (SVU) Tuesday reported an increase in profit for the first quarter, as revenues increased and margins improved, with both earnings and revenues trumping estimates.

Posted on 28 July 2015 @ 4:30 pm

Ecolab Q2 Adj. Profit Meets View, But Revenues Miss; Backs 2015 Outlook

Cleaning and pest-control service provider Ecolab, Inc. (ECL) reported Tuesday a profit for the second quarter that declined three percent from last year, reflecting revenue decline. Adjusted earnings per share matched analysts’ expectations, while quarterly revenues missed their estimates. The company also provided earnings forecast for the third quarter, in line with Street view, and confirmed earnings forecast for the full-year 2015.

Posted on 28 July 2015 @ 3:36 pm

Deutsche Welle - Germany

IMF won’t join new Greek bailout for now

The International Monetary Fund has said it would not participate in a new bailout for the debt-stricken eurozone nation until Athens and its creditors take difficult decisions on debt relief and economic reforms.

Posted on 30 July 2015 @ 6:32 pm

Oil prices sinking – even without Iran

Oil prices worldwide have been falling for the past year. And the return of oil from Iran – following its landmark nuclear deal – is expected to put further pressure on the prices. DW examines the global oil market.

Posted on 30 July 2015 @ 5:09 pm

Business lobbying against German minimum wage revealed

Lobbyists from the farming and newspaper sectors worked hard to win exceptions to Germany’s minimum wage, it has been revealed. But the employers’ representatives don’t think it did them much good.

Posted on 30 July 2015 @ 4:29 pm

OPEC, Russia: ‘Oil market to stabilize’

The Organization of Petroleum Exporting Countries and Russia have said sharp drops in oil prices are unlikely to continue. At a meeting in Moscow, the two sides noted they expected the market to stabilize in 2016.

Posted on 30 July 2015 @ 4:20 pm

US economy strong amid increased consumer spending

The US economy has logged a solid performance in the second quarter following a harsh winter period. Economists say the revival was due mainly to healthy consumer spending and a pick-up in exports.

Posted on 30 July 2015 @ 2:30 pm

German unemployment rises slightly

The number of people out of work in Germany rose in July, ending nine consecutive months of falls. Still, the jobless rate remains at its lowest level since German reunification in 1990.

Posted on 30 July 2015 @ 11:13 am

Deutsche Bank, Lufthansa and Siemens post mixed Q2 earnings

It’s earnings season and some of Germany’s largest companies have watched their earnings soar as others’ have fallen flat. Lufthansa and Deutsche Bank were up while Siemens, amid restructuring, saw net profits ease.

Posted on 30 July 2015 @ 10:34 am

The Jerusalem Post - Israel

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Yahoo - United States

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