Recent Articles
Mobile Device Sales Rise Sharply, Android Soars (IT, NOK, RIMM, MOT, AAPL, GOOG)
Sales of mobile devices in the second quarter of 2010 grew 13.8% year-over-year according to IT research firm Gartner, Inc. (NYSE: IT). Total sales reached 325.6 million units worldwide, with pricier, higher-margin smartphones accounting for 19% of total sales, some 61.6 million units. That figure is 50.5% higher than smartphone sales in the same period a year ago.
New ETF Takes New Aim at Commodity Market (USCI, USO, UNG)
United States Commodity Funds LLC has launched a new ETF, the US Commodity Index Fund (NYSEArca: USCI) with an initial 100,000 units at $50 per unit. The company already offers two of the best known commodity ETFs.
Gold Miner Earnings Don’t Shine (IAG, ABX, GG, AUY, GLD, GDX, KGC)
In the past year, gold prices have risen from about $950 per ounce to around $1,200 per ounce, a boost of 26%. That increase has kept gold miners' stocks moving too. But not all the moves have been positive.
Asset Manager KKR & Co. Pulls Stock Offering
Citing an unfriendly market for stock offerings, KKR & Co. (NYSE: KKR) has pulled its planned $500 million secondary offering just one month after moving its listing from Euronext to the New York Stock Exchange. Other than a statement referring to "unfavorable market conditions" in its registration documents filed with the SEC, KKR has made no other comment about the withdrawn offering.
Subscribers Fall at DISH Sending Stock Down (DISH, SATS, DTV, CTL, Q)
Satellite TV provider Dish Network Corp. (NASDAQ: DISH) today reported second quarter earnings that were quadruple earnings from the same period a year ago. Net income attributable to common shareholders totaled $257 million, compared with $63 million in the same period a year ago.
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