US News

The share price of ASOS (LSE:ASC) has taken a dramatic upturn today, reaching 2,763.00 by 2:30 this afternoon, a rather phenomenal 17.7% increase from yesterday’s closing price of 2,348.00. Perhaps the most interesting fact about the sudden turnaround in share price is that the company hasn’t done anything to motivate investor interest. Unless you consider rumors to […]

Food for thought? Tyson Foods, Inc. (NYSE:TSN) and The Hillshire Brands Company (NYSE:HSH) today announced that Tyson has extended the offering period of its previously announced tender offer to purchase all of the outstanding shares of common stock of Hillshire Brands for $63.00 per share in cash, without interest. Pursuant to the Agreement and Plan […]

Made available for investment in underserved communities The U.S. Treasury Department today announced that it has guaranteed $325 million in new bonds to help support economic development opportunities in low-income and underserved communities across the country. The funding, provided through the Community Development Financial Institutions (CDFI) Bond Guarantee Program, is designed to help...

So, how did they do? Premier, Inc. (Nasdaq:PINC) today reported financial results for the fiscal 2014 fourth quarter and full year ended June 30, 2014. Fiscal-Year Highlights: Pro forma results reflect the impact of the company’s reorganization and initial public offering (IPO)*. – On a pro forma basis, net revenue of $869.3 million increased 14% […]

Data “Presents clear analysis of today’s lending landscape” Equifax, Inc. (NYSE:EFX) today released its monthly Economic Trends Commentary authored by Chief Economist Amy Crews Cutts and Deputy Chief Economist Dennis Carlson, which examines the highly-publicized notion that subprime auto lending is creating “the next bubble.” By examining data aggregated from the...

The financial world waited nervously for Fed Chairwoman Janet Yellen’s speech in Jackson Hole, Wyoming today. The anticipation and tension was felt, as it is every month, in markets around the globe as investors expectations increased as the time drew closer for her to share her insights into the economy and the actions that the […]

Did it bump into Northrup’s fridge? Aerojet Rocketdyne, a GenCorp (NYSE:GY) company, has received the Outstanding Achievement Award from the Electric Propulsion Technical Committee at the American Institute of Aeronautics & Astronautics for its contribution to the Advanced Extremely High Frequency-1 (AEHF-1) Rescue Team. The team, which included two other aerospace companies and the...

A cool thing about space Cryogenic refrigerators from Northrop Grumman Corporation (NYSE:NOC) that chill satellite sensors to hundreds of degrees below zero Fahrenheit (°F) for maximum sensitivity are to be deployed by NASA. The space agency launched Orbiting Carbon Observatory-2 into space on July 2. Its mission is to make the clearest and most complete […]

At 3:07 pm London time today, Carillion (LSE:CLLN) renewed its wooing of Balfour Beatty (LSE:BBY).  At 3:25 pm, Balfour Beatty’s board responded that it “notes” the Carillion proposal, will consider it, and will make a public response “in due course.” Both Carillion’s share price and Balfour Beatty’s share price responded to the dual announcements...

The last time the NASDAQ closed higher than 4,500 was March 2000. That’s more than 14 years ago. That was before 9/11, before the fall of Saddam Hussein, Muammar Gaddafi, or Osama bin Laden. It was before the sub-prime lending crisis and the bank bailout. It was before Facebook was born, and even before an […]