Macro Markets articles

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Expedia Shares Plunge As Stormy Weather Batters Results

Expedia Shares Plunge As Stormy Weather Batters Results

Expedia Inc (NASDAQ:EXPE) shares plummeted sharply on Friday, losing 16% and have fallen by another 3% this morning after the online travel company reported its third-quarter earnings on Friday. Based on the data, the company posted a profit of $2.51 per share, below analysts’ estimates of $2.62 per share. The sharp decline in the stock was its most

Wrestling

World Wrestling Entertainment Downgraded by FBN Securities After Torrid Run

World Wrestling Entertainment Inc (NYSE:WWE) had its stock downgraded by analysts at FBN Securities on Monday after they soared to a multi-year high following the company’s third-quarter earnings release last week. According to a research report issued by FBN, it lowered its rating on WWE’s shares to  ‘Sector Perform’ from ‘Outperform’, citing the recent rally and

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Southwest Airlines Co (LUV) Swap Trade Exemption Worries Observers

Southwest Airlines Co (NYSE:LUV)’s 15-day exemption from derivatives trading transparency is raising concerns among regulators and stimulated arguments regarding the impact of such a move to the market. An exclusive report by Reuters cited an unnamed person familiar with the CFTC approval process as confirming that Southwest ‘s exemption from the rules, enabling the company

Petroleo Brasileiro Petrobras SA (ADR) (PBR)

Petroleo Brasileiro Petrobras SA (PBR) Risks Losing International Bond Funding Due to Corruption

Petroleo Brasileiro Petrobras SA (NYSE:PBR), the state controlled oil company of Brazil,  is facing the risk of being left out of the capital markets even as the corruption probe currently besetting the company reveals that it is deeply entrenched in a wide corruption scandal. Reuters reports that an early repayment of bonds amounting to $11

Verizon Retail Index Launched To Monitor Holiday Season Traffic Activity, NRF Predicts Slow Start For Shopping Season

Verizon Enterprises Solutions has launched Verizon Retail Index to analyze consumer retail spending and shopping activities. The index would be updated on a regular basis and as per the company’s official website, the data would help the company understand latest shopping trends. Verizon Retail Index will monitor online traffic patterns including average daily traffic along

The Blackstone Group (BX)

The Blackstone Group L.P. (BX) Confirmed to Lay Off Advisory Business Unit

The Blackstone Group L.P. (NYSE:BX)’s management announced yesterday that it would lay off its financial advisory services, reorganization and structuring of its advisory services along with its Park Hill Fund businesses and combine it with Paul J. Taubman’s PJT Partners. The firm is trying to focus over its alternative asset management business by spinning off

Verizone (VZ)

AT&T Inc. (T), Verizon Communications Inc. (VZ), and Exxon Mobil Corporation (XOM) Emerge Top on Corporate Spending

In a report released on Wednesday by Progressive Policy Institute (PPI), three companies, AT&T Inc. (NYSE:T), Verizon Communications Inc. (NYSE:VZ) and Exxon Mobil Corporation (NYSE:XOM), have been ranked as the top corporate spenders. An article by USAtoday indicates that AT&T Inc. (NYSE:T) spent $20.6 billion, topping the list for a third consecutive year. Verizon Communications

Petroleo Brasileiro Petrobras SA (ADR) (PBR)

Petroleo Brasileiro Petrobras SA (ADR) (PBR): Riding on a High Tide with the Hope of New Government

The Brazilian stocks touched a new height after a poll result favoring Marina Silva against President Dilma Rousseff came in. The biggest benefactor was the state-controlled energy firm Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR). Its shares touched a 52-week high of $20.87 and closed at $20.65 on September 2, 2014. According to the survey, Rousseff

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