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Twitter Stock , earnings

Twitter Shares Spike After Earnings Beat, Guidance

Twitter shares saw a surge of 30% in after-hours trading after the company reported second quarter earnings that beat analyst expectations by a healthy margin. The company also suggested that investors should expect third quarter revenue to also beat expectations. CEO Dick Costolo said, “We believe we can extend Twitter’s appeal to an even broader audience.” He […]

Amgen Job Cuts

Amgen To Cut Jobs, Close Facilities

Amgen Inc has announced that it intends to reduce its global workforce between 12 and 15%. The company will also close facilities in two different states as part of its plan to focus more resources on the development of new drugs. Amgen is a leader in biotechnology and is the largest biotech company by sales. But the […]

NCAA Settles Concussion Suit

NCAA Settles Concussion Lawsuit

The NCAA has agreed to create a $70 million fund to determine whether or not thousands of former players sustained brain trauma while playing contact sports as a settlement of a class action lawsuit. The NCAA has also agreed to implement an umbrella return to game policy which sets the ground rules for how teams are […]

Channelside acution

Liberty Channelside Trumps Vinik Bid In Bankruptcy Court

Last week Tampa Bay Lightning owner Jeff Vinik bid $7.1 million in an open auction for control of Channelside Bay Plaza in downtown Tampa. The Lightning owner’s bid was declared the “highest and best” bid by the auctioneer. Liberty Channelside, a developer that declined to make an official bid in the auction, until now. Liberty […]

T-Mobile Refunds

FTC Files Against T-Mobile – Refunds Due Customers

The Federal Trade Commission filed on Wednesday against T-Mobile USA. They allege that the carrier allowed customers to be billed for text-messaging services that are premium that were not authorized by the customer. The FTC further accuses that T-Mobile made it difficult for consumers to tell that they were being charged for these things and […]

Corinthian Colleges Stock

Corinthian Colleges (COCO) Reaches Agreement With Dept of Education

Corinthian Colleges (COCO) stock is up 25% after the company announced that it had reached a short-term agreement  with the Department of Education to keep operating until the for-profit educator and regulators complete a transition plan. The stopgap measure includes $16 million in federal aid earned through enrollment, which would avert a liquidity shortfall and allow its students to continue […]

Apple Stock

Apple: New Products, Lower Share Price, Buying Opportunity

In April, Apple CEO Tim Cook during the Q2 investor call announced “Our teams are hard at work on some amazing new hardware, software, and services that we can’t wait to introduce in the fall and into 2014. We continue to be very confident in our future product plans.” Cook said that there will be “really […]

Starbucks

Starbucks Coffee to Cost a Few More Bucks

Starbucks announced that it will be raising prices on some of its drinks, somewhere between 5 cents and 20 cents. Additionally look for the price of bagged coffee that is sold in grocery stores to increase by a dollar. Earlier this month Dunkin Donuts announced it would be raising prices on coffee as well . Coffee prices […]