Earnings season is over. Well, sort of. We have the delayed reports and the reports from companies which have off-regular quarterly or fiscal earnings. Next week we have AthenaHealth, Inc. (NASDAQ: ATHN), Sequenom Inc.
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American Express (AXP) has informed a number of its card members that their account numbers, names, the date on which their cards became effective, and the expiration dates have been stolen. The firm also said that the employee who took the data has been arrested and that an investigation is ongoing. American Express stated that social security numbers [[ This is a content summary only.
The video game industry had another rough outing in February as revenue fell 15% from last year. Total sales of games and consoles totaled $1.26 billion in the US. Microsoft (MSFT) and Sony (SNE) at least gained ground from the first month of this year.
Updated throughout the day. Janet Yellen will be nominated to be vice chair of the Fed (various) Meg Whitman’s former CEO of Ebay (EBAY) run for governor of California may be hurt by her investments in firms that may have profited from the recession (LA Times). Pierre-Henri Flamand of Goldman Sachs (GS) may start his hedge fund (The Telegraph).
Toyota’s US sales are recovering in March, as improbable as that may seem. Industry research group Edmunds.com said the Japanese company’s zero percent incentive plan has brought Toyota’s market share in the US back up to 16.8% from 12.8% in March. Edmunds reports that “Toyota’s daily retail sales rate is running at about 47 percent higher [[ This is a content summary only
Mortgage research firm RealtyTrac reported that the rate of mortgage defaults slowed to a four-year low in February, but the trend of foreclosures was still up by 6% compared with the same month last year. The federal government continues to do what it can which includes the President’s $75 billion Homeowner Stability Initiative. One of [[ This is a content summary only
Pfizer (PFE) and other big pharma companies have been under assault for several years as some of their most profitable drugs lose patent protection which creates low-priced generic competition. Pfizer has not been able to replace some of its most successful products fast enough to keep its margins high and has cut costs and laid off [[ This is a content summary only.
Reuters. Obama will nominate Yellen to be Fed vice chair. Reuters: China told Obama to leave yuan policy to its government. Reuters: A Chineese minister said the nation could not keep up fast industrial growth Reuters: Toyota (TM) says discounts are helping sales.
Average: “an estimation of or approximation to an arithmetic mean”–Webster Among the public companies in the handset business which trade on US exchanges, Nokia (NOK) has performed the most poorly over the last year. The firm’s shares are up a little over 30% while the DJIA is higher by 50%.
