Fortune Finance reported Friday that Bank of America (NYSE: BAC) was about to get serious about the measures it's taking to revamp unpaid loans with its mortgage modification program and foreclosure activities. In order to do so, BAC has formed a new department, called the …
CVS falls despite future Medicare Part D advantage (CVS, RAD, WAG)
Shares of CVS Caremark Corp (NYSE: CVS) fell 4.99 percent today, from $34.65 to $32.92, after it released its fourth quarter 2010 financial results. The company beat analysts estimates but its EPS and revenues fell from the prior year. This comes just a few weeks …
In corporate marketing, sometimes it's better to think inside the box (PG, ALL, GPS)
With the barrage of information and advertisements hitting consumers through social media, television and radio, it can be difficult for a company to get consumers' attention. This causes many companies to think outside the box for their advertising and promotion ideas, and adopt creative viral …
Archer Daniels Midland stock rises sharply on results, grain supply reduction (ADM, BG, CPO)
ADM had a 30 percent increase in their EPS, an unexpected rise partially due to reduced global grain supplies. Some are still concerned that ADM might miss
Intel's flawed chip to cost company $1 billion - what about the stock? (INTC, AMD)
Intel (NASDAQ: INTC) announced today that the recently released Intel® 6 series support chips, which have been highly anticipated for months now, were issued with a design issue that has now been fixed. In the world of business, there are mistakes--and then there are mistakes. …
How recent M&A actions have impacted stock prices (CMCSA, GE, VZ, TMRK, SLE)
January 27th, which fell to $20.20 on January 28th. CMCSA closed at $23.31 on January 27th, then fell to $22.84 on January 28th. In other MA news, Verizon
Mobile phone service wars cool down as financial results are announced (MMI, T, VZ, TMRK, NOK)
Motorola Mobility Holdings (NYSE: MMI) shares plummeted Thursday after an earnings announcement that slightly exceeded analysts' expectations, but also acknowledged some weakness in its smartphone business. MMI also forecasted a loss for quarter one 2010, which was not what analysts had anticipated. Investors took heed …
Higher coffee prices hit Starbucks' bottom line; Green Mountain, Peet's also affected (SBUX, GMCR, PEET)
Starbucks (NASDAQ: SBUX) put an extra tremor in the steps of caffeine addicted investors this morning when it announced that it expected the rising cost of coffee to derail profits more than previously anticipated. This announcement followed an adjusted earnings forecast that came in below …
Google and AOL plan for 2011 hiring, while Yahoo downsizes (GOOG, AOL, YHOO)
Google (NASDAQ: GOOG) revealed some positive information on the company's 2011 employment front today. On the company's blog, Alan Eustace, the SVP of Engineering and Research states: I love Google because of our people. It's inspiring to be part of the team. And that's why …
Julian Day Steps Down as RadioShack CEO: Can the company bounce back? (RSH, SHLD, BBY, VZ)
Radioshack (NYSE: RSH) fell substantially today---from $17.61 to $15.62---on both the announcement of CEO Julian Day's retirement and the pre-announcement of a reduced quarter four 2010 EPS that is lower than 2009 quarter four's EPS and analysts' estimates. RSH hired Day in 2006 after the …