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Today's Top News
SeekingAlpha
16 May 18:57  Though Sony (SNE) is posting huge losses thanks to its electronics woes, its financial services and entertainment ops reported a $2.5B operating profit in FY12. The FT thinks Sony's growing entertainment business could be worth $10B or more, making it a potential gold mine for a company valued at just $13.8B. That is, assuming management...
16 May 18:46  Oracle (ORCL) and H-P (HPQ) fire new salvos in their legal battle over Oracle's decision to end support for H-P servers running Intel Itanium CPUs. Oracle has released a series of e-mails showing Intel wasn't thrilled about continuing to support "Itanic," and H-P has responded with instant messages from Oracle sales reps suggesting the c...
16 May 18:33  Two days ahead of the biggest tech IPO ever, debate continues to swirl over the long-term health of Facebook's (FB) ad business. The WPP Group's Martin Sorrell asks whether Facebook's focus on social interactions makes it an ineffective marketing platform, albeit a useful one for PR and word-of-mouth. Others tout Facebook's effectiveness...
16 May 18:20  Seaspan (SSW): Q1 EPS of $0.51 beats by $0.26. Revenue of $152M (+25.7% Y/Y) in-line. Shares -0.2% AH. (PR)
16 May 18:15  In its Energy in Charts report, the American Petroleum Institute warns of a looming U.S. energy crunch, calling for steps from opening up more federal lands for drilling to accessing more U.S. coastal areas for oil and gas exploration. A Center for American Progress response stresses the results of unchecked global warming that could ens...
16 May 18:13  Nvidia's (NVDA) cloud-based graphics processpor ((GPU)) solution is a big deal, argues industry consultant Patrick Moorhead. Unlike present-day GPUs, Nvidia's offerings can handle multiple PC users at once from the confines of a data center. That could provide a lift to the PC virtualization market in general, especially since market lea...
16 May 18:12  Ctrip.com International (CTRP): Q1 EPS of $0.18 in-line. Revenue of $153M (+18% Y/Y) beats by $9M. Shares +3.3% AH. (PR)
16 May 18:11  More on 8x8 (EGHT): FQ4 beats on a 33% Y/Y jump in total revenue. Revenue from business customers increased 44% year over year to $22.8M. Average number of services subscribed to per business customer grew to 9.8 from 8.0 in the same year-ago period. Business customer churn was 2.0%, compared with 2.3% in Q411, revenue churn was 1.6%. Sh...
16 May 18:00  The retina displays Apple (AAPL) is reportedly planning to use in next-gen MacBook models due next month could cost nearly $100 more than regular displays, estimates NPD's Richard Shim. That could put some near-term pressure on Apple's gross margin, which hit a record in the March quarter, though the company's history of cutting favorabl...
16 May 18:00  On the hour: S&P -0.05%. 10-yr -0.02%. Euro +0.01% vs. dollar. Crude +0.18% to $92.81. Gold +0.15% to $1540.65.
16 May 17:58  Southwest Airlines (LUV) defers deliveries of 30 Boeing (BA) 737-800 jets by some four years, saving more than $1B as the carrier extends a cap on fleet size and works to curb rising costs until it hits financial targets. Even as travel demand is strong, LUV CEO Gary Kelly wants to slow growth until hitting a goal of 15% return on invest...
16 May 17:52  "Good news for all North American oil producers": The spread between Brent crude and WTI will collapse as the reversed Seaway pipeline is completed and expanded, Canadian National Resources (CNQ) President Steve Laut predicts. The spread should equal the ~$4/bbl cost of cost of shipping on the line upon completion in 2013, Laut says. (ea...

16 May 17:41  Politicians May Want to Heed Fed's Warning
16 May 17:11  Limited Brands, Herbalife: After-Hours Headlines
16 May 17:01  Pfizer, Glaxo, J&J Grab ASCO Spotlight
16 May 17:00  ASCO '12 Abstract Dump: Cancer Stocks in Focus
16 May 16:23  Eurozone Crisis Razes Investor Sentiment
16 May 16:20  J.C. Penney, Staples: S&P Laggards
16 May 16:04  Stocks Finish With Mild Losses
16 May 15:52  Americans Just Don't Get Credit Scores: Study
16 May 15:33  Morgan Stanley: Tragic Greek Loser
16 May 15:25  JPMorgan, GE: Dow Movers
16 May 14:57  Today Pandora Officially Crushes Terrestrial Radio
16 May 14:56  Is Brocade a Buy Ahead of Earnings?
16 May 13:59  A Pepsi Split-Up Will Come After Turnaround (Update 1)
16 May 13:36  Do We Need to Protect Grid From Sunstorms?
16 May 13:28  FED Warns of Fiscal Tightening in 2013
16 May 13:26  CEOs Gone Wild: What's Wrong With Corporate America?
16 May 13:18  5 Dividend-Captures With Option Trades
16 May 13:11  Sprint's EVO 4G LTE: Awaiting The LTE
16 May 13:04  ECB Cuts Off Greek Banks
16 May 12:44  Abercrombie, China Telecom Slump to 52-Week Lows

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