News of the Day

  • IBM Plunges as CEO Abandons 2015 Earnings Forecast

    International Business Machines Corp. (IBM) plunged the most in more than four years after abandoning an earnings forecast for 2015, as the company struggles to transform fast enough to handle the shift to cloud computing. IBM said it will provide an update on its projections in January, ditching a five-year plan to boost profit. The shares tumbled as much as 8.4 percent, dragging down the Dow Jones Industrial Average. Warren Buffett, IBM’s biggest shareholder, had as much as $1 billion of his investment wiped out.

  • What to look for in Chipotle earnings

    Chipotle Mexican Grill Inc. is scheduled to report earnings after the bell on Monday. This is what investors can expect:Earnings: The fast-casual Mexican chain CMG, +1.31% is expected to report per-share earnings of $3.84, up from $2.66 in the same period a year ago, according to analysts polled by FactSet.Revenue: Those same analysts are forecasting revenues of $1.060 billion, up from $827 million in the year-ago period.

  • U.S. companies still optimistic, but cautious

    U.S. corporations were slightly less upbeat about sales and hiring in the third quarter as Europe's economic slowdown emerged as a headwind to growth, a new survey shows.Forty-nine percent of industry and corporate economists said sales at their firms rose from July through September, down from 57% in the second quarter, according to the survey by the National Association for Business Economics. The group surveyed 76 members from Sept. 22 to Oct. 1.

  • Businesses Upbeat About Jobs, Economic Growth

    The job market is improving, wages are increasing, and even the prospect of a small uptick in interest rates is no reason for concern, reported the chief economists of some of the largest corporations in the U.S. According to the National Association of Business Economists quarterly Business Conditions Survey, the country’s economy is on a clear path to continued growth

  • U.S. Architecture Firms’ Billing Index Falls in Aug.

    Billings at U.S. architecture firms fell in August, according to the American Institute of Architects.Billings at architecture firms, tracked by the Work-on-the-Boards survey, fell to 53.0 in Aug. from 55.8 a month earlier. The inquiry index, which tracks a firm’s capacity to take on additional work, slipped to 62.6. A score above 50 indicates an increase in billings, while a reading below 50 indicates a negative outlook.

  • Mortgage Giants Set to Loosen Lending

    Fannie Mae , Freddie Mac and mortgage lenders are nearing an agreement that could lower barriers and restrictions on borrowers with weak credit, a move that would expand access to home loans amid the sluggish housing recovery.The move by the mortgage-finance giants and their regulator, the Federal Housing Finance Agency, would help lenders protect themselves from claims of making bad loans, according to people familiar with the matter. Fannie and Freddie are also considering programs that would make it easier for lenders to offer mortgages with down payments of as little as 3% for some borrowers, the people said. That would be a reversal for the loan giants. The moves could be announced as soon as this coming week

  • Gallup: GOP Leads on Top Issues

    A new poll released by Gallup yesterday has quantified the skepticism of the American people, and shows empirical proof that the games Democrats play have serious consequences when it comes to the level of trust voters have in their ability to lead on the major issues.In late September, Gallup asked registered voters to rate the importance of 13 preselected issues, and then to identify which party they believed would do a better job handling those issues.

  • Toys R Us Breaking Bad dolls: the must-have Christmas toy for your kids?

    A woman called Susan Schrivjer, from Florida, has discovered that US branches of Toy R Us are stocking a highly desirable range of Breaking Bad action figures.The Walter White figurine comes packaged with a duffle bag filled with presumably pre-laundered non-sequential banknotes and a tiny bag of (fake) crystal meth, while the Jesse Pinkman figure sports a gas mask, teaching children an important lesson about the dangers of inhaling the noxious byproducts of the methamphetamine production process.

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