• T-Mobile (TMUS) announced Monday it was ending monthly overage fees, with outspoken chief executive John Legere forcefully pounding the message that the fourth-largest U.S. carrier will continue making war on its larger rivals for the rest of 2014.

    “We need to reassert our position that we will never stop,” Legere said in a phone interview. “It’s almost endless.”

    On Monday T-Mobile said it would eliminate overage fees, those surprise charges that pop up on monthly bills after a customer uses more minutes, texts or data than their plan allowed. Instead, T-Mobile said it would allow unlimited voice and text on most plans and shift customers to slower downloads when they used up their data allotments. Customers can also go to T-Mobile’s website and purchase additional high-speed data at $10 per 2 gigabytes. The change takes effect in May for bills arriving in June. 

    T-Mobile set up a petition on Change.org seeking the elimination of overage charges at all carriers. "We're trying to get

    Read More »from T-Mobile ends overage fees, with more cuts to come: CEO Legere
  • GM stock is cheap but still not a buy

    More bad news ahead for General Motors (GM) as the public sifts through the 250,000 documents released by lawmakers last week that highlight the carmaker’s 10-year denial of auto-safety problems.

    GM CEO Mary Barra is waiting on two more reports that address how to deal with compensation for victims and repercussions for GM. GM reports earnings on April 24, and the outlook may be negative for the first time in four years given the recent recall of nearly 7 million cars.

    Related: GM’s image problem worsens

    Recent email revelations show that GM senior executives have known about the cars’ switching problems since at least 2011. Barra testified that she did not became aware of the problem until last December.

    So what does this mean for the stock? “It’s certainly one of the cheapest car companies in the universe right now,” says David Nelson, chief strategist at Belpointe. “And sometimes buying headline risk like this can be an opportunity.”

    Nelson isn’t so concerned about the Barra-GM

    Read More »from GM stock is cheap but still not a buy
  • Stocks opened slightly higher Monday following a big beating last week that left the Nasdaq (IXIC) down 3.1%, its biggest weekly percentage decline in almost two years. The Dow (^DJI) slipped 2.4% last week. 

    The major averages could fall even further says David Nelson, chief strategist at Belpointe Capital.

    Related: 3 reasons why this pullback could get much more severe

    Nelson tells The Daily Ticker he's still bullish on stocks but has rotated out of some names such as Google (GOOG), based on chart indications.

    "I don't think the market is in a bubble but some names clearly are," says Nelson. He describes Amazon (AMZN)  and Netflix (NFLX) as ""ridiculously expensive."

    Related: Are social media stocks in a bear market?

    Nelson admits the carnage that started with those names and other so-called momentum stocks like Facebook (FB), Tesla (TSLA), Twitter (TWTR) has "bled over." Case in point: Gilead (GILD), a biotech stock that got "pummeled" but looks cheap based on a P/E using next year's

    Read More »from Stocks rally but this bull sees more pain ahead
  • After a rapid rotation out of high-flying growth stocks and into value names, the bull market's music seemed to stop last week -- save for the faint sound of Martha and the Vandellas' "Nowhere to Run" playing in the background.

    But while the selling has spread beyond formerly high flying tech and biotech names, David Winters, manager of the $2.3 billion Wintergreen Advisers funds, says there's still great value in value stocks.

    Related: Coke's compensation plan is "outrageous" and "excessive": Wintergreen's David Winters

    As as "the bloom has come off the rose" of the "most speculative securities" investors are "realizing you'd rather go for the steak than the sizzle," Winters says. "We think there's a lot of steak out there that's available for big discounts: you can get filet mignon for chuck prices."

    Winters' favorite cuts of beef (stock) include:

    Canadian Natural Resources (CNQ): "They have a great history of growing assets and trades at a massive discount," he says. "The stock is

    Read More »from "You can get filet mignon for chuck prices": David Winters sees value in the selloff
  • Citigroup (C) reported better-than-expected earnings before the bell. The company reported earnings of $1.30 a share for the quarter and revenue of $20.1 billion. Analysts were expecting $1.14 a share and $19.37 billion in revenue. The Wall Street Journal also reported that Citigroup is cutting between 200 and 300 jobs worldwide. Last month, the Federal Reserve rejected Citi's proposal to boost its dividend and buyback more shares. Citigroup's results were welcome news to traders after J.P. Morgan's (JPM) disappointing results on Friday.

    Watch Kraft (KRFT) today as the company rolls out a new image campaign for Maxwell House. Kraft is reportedly planning to quadruple ad spending on the coffee brand after the advertising budget was slashed last year. Maxwell House will also get a new look. The brand has fallen from the number one spot to number two behind Folgers. Kraft is also launching a social media campaign to try and recapture Maxwell House's former number one position.

    And we'll

    Read More »from STOCKS TO WATCH: CITIGROUP, KRAFT, HERBALIFE
  • Retail sales had their largest increase in a year-and-a-half, signaling a recovery from the brutal winter that impacted much of the economy. March retail sales rose 1.1%, the biggest gain since September 2012. It’s the second month of increases, with February retail sales increasing a revised 0.7%.

    One of the stocks the Yahoo Finance team will be watching today is Citigroup (C), which reported better-than-expected earnings this morning that beat Wall Street estimates. Earnings were $0.16 better than analysts expected. Revenue declined 2%, but also came in ahead of expectations. The Wall Street Journal reported that Citigroup is cutting between 200 and 300 jobs worldwide. Last month, the Federal Reserve rejected Citi's proposal to boost its dividend and buyback more shares.

    We’ll also be watching Herbalife (HLF) after a report that the FBI and the Department of Justice are investigating the company. The criminal investigation is a separate inquiry from civil investigations the

    Read More »from March retail sales; Citigroup posts earnings; Facebook gets into banking
  • On first hearing, it sounds almost insane – every year, Amazon (AMZN) offers workers in its distribution warehouses up to $5,000 to quit. Why would a company ask employees to quit and why in the world would it pay them to do so?

    But like many of the unusual practices adopted under Amazon CEO Jeff Bezos, the pay-to-quit policy is grounded in data. The goal of the offer is to encourage unmotivated and disaffected employees to leave on their own, while making employees who reject the offer feel more dedicated to the job.

    Delivered with the headline “Please Don’t Take This Offer,” the pay-to-quit offers start at $2,000 for an employee’s first year and rise by $1,000 a year up to a maximum of $5,000.

    “The goal is to encourage folks to take a moment and think about what they really want,” CEO Bezos explained in a letter to shareholders this week. “In the long-run, an employee staying somewhere they don’t want to be isn’t healthy for the employee or the company.”

    Creating a positive work

    Read More »from Amazon offers workers $5,000 to quit, but it’s not crazy
  • Markets ended the week down The Dow (^DJI) ended the day down at 16,026.75. The Nasdaq (^IXIC) closed lower at 3,999.73 And the S&P 500 (^GSPC) ended the day 17 points lower at 1,815.69.

    Better employment figures and leaving a harsh winter behind boosted Consumer Confidence in April to its highest level since July. The index rose to 82.6 beating analysts’ estimates of 81. April’s number was up from last month’s four-month low of 80.

    Despite the market woes, it was a great market debut for Zoe’s Kitchen (ZOES). The Mediterranean-themed restaurant priced its shares at $15, but the stock opened at $25.65 and shot up as high as $26.14 per share. Shares of the company closed at $24.72.

    Women’s retailer Coldwater Creek (CWTR) filed for Chapter 11 bankruptcy protection today. The company, which hasn’t posted an annual profit since 2007 and had a loss of $81.8 million last year, said it was unable to find a potential buyer or a source to fund its turnaround. Coldwater Creek received $75

    Read More »from Markets close the week in the red
  • Report: Stocks most overvalued since dot-com bust

    Report: Stocks most overvalued since dot-com bust

  • 'Shark Tank' Secrets on How to Be Untouchable

    The “Sharks” on ABC’s hit TV show Shark Tank are known for their killer instincts when it comes to making sharp investments in ideas and the people behind them.

    Shark investors Barbara Corcoran and Daymond John clearly know a few things about what makes a great business -- and a great employee. They shared the secrets to their successful, untouchable careers with Yahoo Finance.

    How did you become untouchable?

    Barbara: What drives me is the fact that I was such a bad student. In school I couldn’t read or write and I learned shame in the classroom. I was labeled ‘stupid’ and so that takes a long time to get over. And you know what I think, really? I think my passion, my drive and everything I do, I do it to prove again and again, probably more to myself, but I think to the world, that I am not stupid and it keeps me running hard and keeps me insecure enough to run hard. And I have to say, of all the entrepreneurs I invest in on "Shark Tank," that’s the one trait I’m looking for:

    Read More »from 'Shark Tank' Secrets on How to Be Untouchable
  • On April 3 David Letterman announced that he would be retiring sometime in 2015. Letterman has been the driving force behind the “Late Show With David Letterman” for 21 years. CBS Corporation (CBS) has announced that Comedy Central’s Stephen Colbert will be next in line to host the long-running, late-night show. The financial terms of Colbert's five-year contract have not yet been revealed.

    Related: Netflix Could Be the Next Big TV Network

    What this means for CBS is unclear. Fresh competition from younger late-night hosts like Jimmy Fallon, Jimmy Kimmel and Seth Meyers has hurt Letterman's numbers. Both the Tonight Show and Jimmy Kimmel have outperformed Late Show in the 18-49 age demographic in 2014.

    Stephen Colbert’s “The Colbert Report” has earned two Peabody Awards and 27 Emmy nominations.

    "Stephen Colbert is one of the most inventive and respected forces on television," said CBS chief executive Leslie Moonves in a press release.

    Related: Top 5 Secrets of the As Seen On TV

    Read More »from Sorry Stephen Colbert: New Yorkers prefer Conan over you
  • Canadian investors appear to be releasing their white-knuckle grip on their portfolios, believing better days are ahead in the markets. Still, many don’t plan to do anything too risky and believe property will continue to be one of the best investments over the next decade.

    These are some of the key findings from a new survey from Franklin Templeton Investments, which has a more optimistic tone that some of the reports released during RRSP season.

    It could be because the survey was done in January, when investors were still smiling at their huge returns from the market surge in 2013.

    Franklin Templeton's 2014 Global Investor Sentiment Survey says 65 per cent of Canadians expect the stock market to rise this year – most of them are retirement age and older.

    And despite the doom and gloom reported during RRSP season, when some surveys showed not enough people felt they were ready for retirement, this one says 81 per cent of Canadians feel they’re on track to meet their personal finance

    Read More »from Canadian investors optimistic but plan to play it safe
  • David Winters, CEO of Wintergreen Advisers, won't back down from his battle with the world's largest soda maker. Winters has openly criticized Coca-Cola's (KO) proposed 2014 equity compensation plan, calling it "potentially highly dilutive to shareholders"..."unnecessary"..."unsupported by any strategic rationale" and "a bad precedent for corporate America." And that's not all.

    In a March 21 letter to Coca-Cola's board of directors, Winters characterizes the proposal as an "outrageous grab" and an “excessive transfer of wealth” from Coca‐Cola shareholders to the company’s senior management.

    Winters accuses Coca-Cola of not adequately disclosing its equity plan in proxy materials. Wintergreen Advisers, which owns about 2.8 million shares of Coca-Cola, will ask board members to withdraw the proposal at the company's April 23 shareholder meeting. Calvert Investments and The Ontario Teachers’ Pension Fund announced this week that they will vote against the compensation plan; Calvert also

    Read More »from Coke's compensation plan is "outrageous" and "excessive": Wintergreen's David Winters
  • Zoe's Kitchen (ZOES) was off to a swift start on its first day of trading Friday, surging above its initial price and reaching the mid-$20s as investors bought up shares of the Mediterranean-styled fast-casual restaurant operator.

    In recent trading, Plano, Texas-based Zoe's was at  $25.34, some 68% higher than its offering level. The company had been planning to sell 5.8 million shares in a range of $11 to $13, but earlier this week, it increased the estimate to $13 to $15. Pricing was set at $15 late Thursday. It's achieved the first-day gains despite a somewhat dodgy market, and avoided the jitters that appear to have perturbed the hopes of other IPOs.

    [Related: IPO window slamming shut on tech and biotech]

    Yahoo Finance had speculated that traders might well send Zoe's into the $25 range, a suggestion not based simply on the idea that IPOs often soar. This company is a small chain with outsized growth forecasts, something Wall Street tends to gravitate toward, and it operates in a

    Read More »from Zoe's Kitchen jumps above offering price to trade in mid-$20s
  • The last thing the stock market needed today was more bad news, but that's just what it got when JPMorgan (JPM) reported a 19% decline in first quarter earnings.

    Profits at the country's largest bank fell $1.26B from a year ago to $5.27B, or $1.28 a share, well below expectations of $1.40 a share. Revenues were off 8.5% to $22.3 billion

    A major reason for the profit drop: a decline in the bank's mortgage business. Mortgage loan originations plummeted $17 billion, or 68% from the year before.

    Related: 'Banks need more capital - the good times won't last forever': Sheila Bair

    "There aren't many [mortgage] customers out there," says Chris Whalen, NY- based author and investment banker. He explains that a weak job market and sluggish incomes are crimping demand for housing while new bank regulations under Dodd-Frank mean many people can no longer qualify for a mortgage. In addition, new capital rules incentivize banks to "really write only prime mortgages" and investors, who have

    Read More »from Fewer mortgages, less trading and more regulations hurt bank earnings: Chris Whalen
  • Torontonians must be honoured that their city was recently named the most resilient in the world, but then again, they already knew that.

    After all, Canada’s largest city just struggled through one of the worst winters in its history and it has a controversial and now world-renowned mayor who, despite so much controversy, vows to carry on.

    But it’s the ability to rebound from disasters of the past that helped the city earn its new title at the top of the list, as well as its forward-looking plans for the future when it comes to transportation and infrastructure.

    It’s also in a good geographic position. Despite some harsh winters and hot summers, there’s little worry about earthquakes that can cause property damage, and hurricanes are extremely rare.

    “Toronto has a great deal going for it,” said Richard Barkham, group research director at Grosvenor, a privately owned property group that conducted the resiliency report.

    It studied 50 cities around the world and judged them based on their

    Read More »from Toronto ranked as world’s most resilient city
  • Stock futures were sharply lower after disappointing quarterly results from J.P. Morgan Chase (JPM) and a surprising jump in wholesale inflation in March. J.P. Morgan said revenue fell 8% year over year and earnings missed Wall Street estimates by $0.12 a share. Wells Fargo (WFC) beat earnings estimates by $0.08 a share. Revenue declined, but came in just ahead of analysts’ estimates.

    Meanwhile, the government reported the producer price index jumped 0.5% March. Economists were expecting a more tepid 0.1% increase. Stocks sold off on Thursday, with the Nasdaq down more than 3%. But the selling was not contained to tech stocks this time around. Bank stocks joined biotech and other momentum names that were sharply lower in Thursday’s selloff.

    Among the biggest losers were biotechs, Alexion Pharmaceuticals (ALXN), Biogen Idec (BIIB) and Intercept (ICPT), as well as momentum favorites Netflix (NFLX) and Facebook (FB).

    In the associated video, Yahoo Finance Editor-in-Chief Aaron Task,

    Read More »from Market selloff: is this the beginning of a correction?
  • Editor's note: This post originally appeared on Business Insider.

    Financial markets are on edge Friday morning after yesterday's bloodbath in momentum stocks.

    On Thursday the Nasdaq suffered its worst one-day decline since November 2011 and is off 7% from its March high; the Dow and S&P 500 are down about 3% from their highs.

    Related: Are social media stocks in a bear market?

    Some signs suggest that this pullback — or another one sometime soon — could get much more severe. Why?

    Three basic reasons:

    •         Stocks are still very expensive
    •         Corporate profit margins are at record highs
    •         The Fed is now tightening

    Let's take those one at a time.

    First, price.

    Even after the recent drops, stocks appear to be very expensive. Does a high PE mean the market is going to crash? No. But unless it's "different this time," a high PE means we're likely to have lousy returns for the next seven to 10 years.

    So that's price. Next comes profit margins.

    One reason stocks are so expensive

    Read More »from 3 reasons why this pullback could get much more severe
  • Stocks were poised for a second day of selling after Thursday’s rout. Bank earnings began rolling in with mixed results from J.P. Morgan Chase (JPM) and Wells Fargo (WFC). J.P. Morgan missed Wall Street earnings estimates by $0.12. Revenue declined 8% year over year. Meanwhile, Wells Fargo turned in better-than-expected earnings per share, beating the Street by $0.08.

    Biotechs have been especially volatile lately and one of the biggest movers investors are watching this morning is Alexion Pharmaceuticals (ALXN) after the stock plunged more than 7% yesterday along with other biotech names like Biogen (BIIB) and Intercept Pharmaceuticals (ICPT), which were both down more than 11% yesterday.

    Another favorite momentum stock that was hit hard yesterday is Netflix (NFLX). Netflix was off more than 5% yesterday amid the broad selling that dragged the Nasdaq down more than 3%. Netflix over the last year saw a dramatic run-up as one of the best performers of 2013, but so far this year has

    Read More »from STOCKS TO WATCH: JPM, WFC, HRB, GPS, ALXN, BIIB, NFLX
  • So much for the busiest week for IPOs since 2007 … because it looks like Thursday’s market swoon has derailed much of the new issues market.

    Seven companies were scheduled to go public after the close yesterday but it looks like only three actually made it: Mediterranean restaurant chain Zoe’s Kitchen (ZOES), energy infrastructure operator Enable Midstream Partners (ENBL) and livestock drug maker Phibro Animal Health (PAHC).

    That’s not surprising after the tech-heavy Nasdaq Composite Index plunged 3%, its worst single day decline since November 30, 2011. Recent IPOs and other fast-growing, unprofitable companies were among the hardest hit. Network security specialist FireEye (FEYE) dropped 12%, streaming music service Pandora (P) fell 10% and cloud HR provider Workday (WDAY) lost 9%.

    So as for the tech and biotech IPO candidates planning to price last night? Crickets. There is no pricing information for HR cloud services provider Paycom Software, early-stage biotechs Scynexis and

    Read More »from IPO window slamming shut on tech and biotech
  • Stocks fell sharply yesterday across the board with the Nasdaq falling 3.1%, its biggest one-day decline since 2011. The S&P was off 2.1% and the Dow was off 1.6%. Unlike some other recent down days, yesterday's selling spread well beyond momentum and biotech names.

    Bank stocks were also hit hard, among others, and they're selling off again after a disappointing report from J.P. Morgan (JPM) this morning. Earnings per share came in $0.12 short of Wall Street estimates, while revenue declined 8% year over year. Wells Fargo (WFC), however, reported better-than-expected earnings, but like J.P. Morgan saw a decline in revenue. The country’s number-one mortgage lender saw earnings of $1.05 per share for the first quarter versus expectations of $0.97 per share. Wells Fargo also saw a 14% rise in net profit.

    Biotechs have been especially volatile lately and one of the biggest movers investors are watching is Alexion Pharmaceuticals (ALXN). It plunged more than 7% yesterday along with other

    Read More »from Stock futures lower after J.P. Morgan earnings, Nasdaq's worst day since 2011; Is this the start of a correction?
  • Bitcoin plunges below $400 as Chinese exchanges halt bank transfers

    April 10

    Bitcoin prices fell below $400 on major exchanges Thursday after it was confirmed that two major Chinese exchanges were ordered to stop bank transfers from customers. The Chinese government issued a statement last month, requiring banks to close accounts of bitcoin exchanges by April 15. While the deposit halt had been expected, this didn't stop the slide that put the sell price at $390 as of late Thursday.

    Bitcoin bulls still remain, however. Although he has taken a 20% hit in his investment, Legg Mason's Bill Miller still believes the potential rewards of bitcoin outweigh the risks. 

     

     

     

     

     

    April 6

    Florida has become the first state to bring criminal money laundering charges in a case involving the virtual currency bitcoin.

     

    March 31

    The price of bitcoin dropped under the $500 mark since the IRS's notice on its policy of deeming bitcoin as property, not currency. Users of bitcoin will now have to keep a strict record of purchase with bitcoin, and then perform

    Read More »from Bitcoin plunges below $400 as Chinese exchanges halt bank transfers
  • Anatomy of an Advanced Persistent Threat

    Cyberattacks on high-profile companies are becoming an increasingly common occurrence, many fell victim to a specific kind of attack: Advanced Persistent Threat, or APT.

    APTs are unique in that the perpetrators usually have longer-term objectives. Once hackers launch an APT attack, the goal is to remain in the breached network for as long as possible, siphoning sensitive material from the company in a continual loop until being discovered and fully removed from the system.

    MEET HACKER X.

    He would like to get his hands on sensitive information about Acme Corporation. This sensitive material can include intellectual property, business contracts, internal memos, etc.

     

     

    1. RECONNAISSANCE

    To begin, Hacker X gathers email addresses of several employees of Acme Corporation. He also conducts research in social media sites, finding out as much personal information as he can about the individuals.

     

     

    2. INITIAL COMPROMISE

    Hacker X then prepares and sends an email to the various addresses

    Read More »from Anatomy of an Advanced Persistent Threat
  • Stocks were hammered on Thursday, as steep selling in the tech-heavy Nasdaq spilled over into the broader indices. After a two-day rebound earlier this week, traders were apparently looking for an opportunity to sell the rips, and they did. The Dow (^DJI) tumbled nearly 267 points, or 1.6%. The Nasdaq (^IXIC) was the big loser, shedding nearly 3.1%, while the S&P 500 (^GSPC) plunged 2.1%. Biotech shares were under pressure again, with the Biotech ETF (IBB) getting crushed to the tune of 5.6%.

    In other news, General Motors (GM) CEO Mary Barra placed two engineers on paid leave as a result of the investigation into the faulty ignition switches that has been linked to 13 deaths. It's the first action the company has taken against employees in the matter. The employees were removed after Barra was briefed by attorney Anton Valukas, who is conducting an internal investigation. The action by GM comes as House and Senate committees investigating the recall turn their attention to engineers

    Read More »from Stocks crushed as previous days gains wiped out
  • The largest players in the burger arena have reached the point at which any growth they manage  may be less about demand than about raising prices and selling costlier menu items, as the amount of sales at the likes of McDonald's (MCD), Burger King (BKW) and Wendy's (WEN) has stagnated.

    With that said, they're still sending a lot of orders out the door -- fast-food hamburger chains, including the big three, recorded $69.7 billion in U.S. sales in 2013. But even at that impressive number, sales volume increased only 0.9% for the segment, widely cited food-industry research group Technomic says. For American burger joints overall, sales exceeded $72 billion, and while that was up 1.2% from the previous year, if not for higher prices the number in fact would have declined.

    It isn't entirely unknown that growth has been difficult to come by in recent years for a number of restaurants, but the commentary from Technomic helps illustrate the considerable forces acting upon this industry and

    Read More »from Big burger shops have a growth problem
  • What if the next time your boss emailed you at home on a Saturday night, you could just ignore him with no fear of retribution? That’s the new reality for about 1 million workers in France – and it’s not just any workers. It’s employees in technology and consulting, two industries known for a reliance on off-hours work and an addiction to checking email, smartphones and laptops to stay on top of work around the clock. The law covers workers at large international companies, including American technology and consulting companies like Facebook (FB), Google (GOOGL) and PriceWaterhouseCoopers.

    As of last week, those 1 million workers now have the law on their side if they choose to say: I’ll deal with that Monday. Employer groups and unions last week signed a new, legally-binding labor agreement that will require staff to turn off their phones after 6pm. The new law is a response to French labor union complaints about employers increasingly extending the work week beyond the 35-hour week

    Read More »from New labor law: don’t call me at home
  • The list of companies going public keeps growing. Sixteen companies are expected to begin trading publicly just this week, making it the busiest week for IPOs since 2007. But are there signs investors are souring on IPOs?

    Some of this year's highest profile IPOs -- namely King Digital (KING), parent company of the extremely popular game Candy Crush -- flopped with investors. King Digital stock is down 19% from its offering price. An ETF that tracks the performance of new IPOs has dropped about 2% this year, and some recent IPOs have priced at the low end of their target range.

    Ally Financial (ALLY), the former financing arm of General Motors (GM), debuted Thursday on the NYSE at $24.25 a share -- 3% lower than its IPO price. Ally is the largest IPO so far in 2014 after the Treasury Department sold 95 million shares, raising $2.38 billion in the deal. Hotel chain La Quinta (LQ) raised a lower than expected $650 million in its IPO this week, reports Bloomberg's Leslie Picker.

    In an

    Read More »from The real reason IPOs are missing expectations
  • Ruby Tuesday (RT) was having one of its best days in years Thursday, despite a quarterly loss and another negative reading for same-store sales at the casual-dining restaurant operator.

    Shares of the Maryville, Tenn., seller of burgers, salads and entrees were jumping 15.8% to $6.90, and only 90 minutes into trading, volume was nearly four times the normal total for an entire session. The last time it rose more in a single day was April 2009.

    The surge, which appeared largely to be a relief trade for a troubled stock, came after Ruby Tuesday said it lost 7 cents a share, before items, in the third quarter, with a same-store sales decline of 1.9% at corporate locations. That was the 11th time in the past 13 quarters it's posted a drop in comparable sales. However, both were better than analysts expected, with FactSet carrying estimates for a loss of 8 cents and a comp sales decline of 5.2%. On the bottom line, it notably broke a string of seven consecutive misses.

    Revenue of $295.6

    Read More »from Ruby Tuesday soars as loss, same-store sales decline top estimates
  • U.S. Treasury Secretary Jack Lew's interview this week about lobbying Chinese leaders to reverse course on devaluing Chinese currency serves as a reminder that currency squabbles between countries continue.

    Lew, for his part, wants China to keep moving further towards the direction of a market-based exchange rate. "If they want the renminbi to be a world currency some day, if they want it to be a reserve currency some day, they need to demonstrate that," Lew told CNBC Wednesday.

    "From our perspective, it is something that is very important in preserving a level playing field for trade in the world."

    The China-U.S. currency dynamic is just one issue James Rickards, author of the bestselling book Currency Wars, revisits and pushes forward in his new book, "Death of Money: The Coming Collapse of the International Monetary System".

    Currency Wars detailed a Pentagon-sponsored excercise Rickards took part in back in 2009 -- the Pentagon's first-ever financial war game -- where players could

    Read More »from Russia, China aiming for dollar’s demise: Jim Rickards
  • Warning signs are flashing for the new-issues market, as almost one-third of deals priced in the past month have sunk below their IPO price amid a general rout of high-growth/no-profit stocks.

    But, in what could end up as the busiest week for IPOs in more than six years, most of the higher-profile deals are still holding up, leaving the opportunity to go public open for more action. These warning signs at least so far do not indicate a broken market but it's also hardly the gangbusters euphoria that characterizes a bubble.

    One of the deal's struggling to stay above water is Ally Financial (ALLY), the former finance arm of General Motors (GM), which priced at $25 a share on Wednesday night and traded down almost 2% on Thursday. The deal raised $2.4 billion, the most of any IPO is 2014. But the company is hardly a typical debut, with the U.S. government involvement, the taint of the subprime melt down and other unique factors.

    Tuesday’s $650 million debut for La Quinta Holdings (LQ

    Read More »from IPO market chugging along despite upheaval

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