Stock down 11% to after saying that international growth will expand much less that expected and investors seeing more competition from Amazon and others. Overall not a good outlook for the next quarter or so.
Back on the “no privacy” train: In its latest report on government requests for user information released Monday, Apple revealed U. law enforcement agencies lodged 1,015 requests for customer account information affecting 5,192 users in the second half of 2015.(Not time to be a criminal like the old days) Smart mattress: Sleep tracking is nothing new, but one company wants to track when your mattress is being used, especially if you’re not home. ) And now – the Bloomberg Top 10 biz schools (under-grad) [LINK] United Health Group (UNH) said it would remain in only a very small number of the Affordable Care Act’s marketplaces next year and suggested that it doesn’t currently see a way to run the business effectively.Treasury Secretary Jacob Lew planned last year to announce a redesign of the bill that would put Susan B. Nothing was done at the bu Opec/Non-Opec gathering over the weekend, but oil continues to rise. EPS beat, but company is still suffering – Stock up near 3 (was 7 in February) Yahoo! Sport Chalet has announced the closure of all its stores in the next several weeks.Earnings are starting to come in and so far there is nothing to get too excited about. – Verizon still seems to be the front-runner in the “bidding” for Yahoo! The Southern California-based sporting goods company owns 47 stores in about 50 locations in California, Nevada, Utah and Arizona.
Banks are beating estimates, but bad loans are growing and volumes of equity trading and fixed income are plummeting. The company issued an online statement saying that its stores have begun the process of closing on April 16, but it offered no explanation.
Also pending legistlation that would allow for victims of 9/11 to directly sue… ) IBM now racks up 16 consecutive quarters of declining revenue. Seeing more sporting goods stores file for bankruptcy – The owner of Eastern Mountain Sports, which has 13 stores in Massachusetts, and Bob’s Stores, which has 11 Bay State locations, has filed for Chapter 11 bankruptcy, with debts over 0 million.
Oil at — Kuwait strike takes 1.6m barrels/day offline — Nigeria has pipeline issue — IRAQ production interrupted Saudi Arabia – threatened to sell all their U. Treasury holdings – estimated at 0 billion my some if the 28 pages of redacted information on the 9/11 report is released.
The company stopped selling merchandise online but its retail stores will remain open for several weeks in order for customers to use their rewards and gift cards.
— At the same time there is rumor that Bass Pro Shops is possibly looking to buyout Cabelas (CAB) Goldman Sachs Group Inc., the worst performer in the Dow Jones Industrial Average this year, posted a 60 percent drop in profit as the firm reported its lowest revenue for a first quarter since Chief Executive Officer Lloyd Blankfein took the top post.
Netflix (NFLX) – earnings out and while the company beat expectations, the outlook was miserable – at best.