Steel bellwether ArcelorMittal (MT) posted a net loss of $0.3 billion or 21 cents per share in the first quarter of 2013 compared with a net income of $92 million or 6 cents per share a year ago. Analysts polled by Zacks were expecting earnings of 7 cents a share on an average for the [...]

Financials have been strong performers in this latest leg of the recovery, as these once beaten down companies have come back strong over the past six months. Yet while many investors might focus in on big banks for their exposure to this segment, one corner of the financial world has been doing even better; insurance. [...]

More often than not the technology sector is likely to report above par earnings than other sectors as the demand for technology and innovation remains high. However, technology stocks are considered to be more volatile than other sector specific stocks in the short run. In order to minimize this short term volatility almost all tech [...]

The Association of Southeast Asian Nations, or ASEAN for short, and their economies have had a long tradition of enticing investors from all over the globe. This is because the market is an attractive destination for domestic and foreign investors thanks to solid growth rates, booming populations and generally good governance when compared to other [...]

The European Central Bank (ECB) took its first step in ten months to avoid falling into a deeper recession by cutting its benchmark interest rate. The interest rate, which was last changed in July 2012, has now been reduced by a quarter percentage point to a record low of 0.50%. Also, the marginal lending rate [...]

In an attempt to revive its declining postpaid business, small wireless carrier, United States Cellular Corp. (USM) has tied up with Apple Inc. (AAPL) to sell the latter’s iPhone starting this year. Though U.S. Cellular has not divulged the date and the specifications of the model, the fifth-largest U.S. carrier promised to buy $1.2 billion [...]

Although financials continue to lead the market higher, newer segments are taking the reins in Q2. In addition to smaller regional banking institutions, many investors are seeing solid performances out of firms in the exchange business, such as CBOE Holdings (CBOE). While probably less famous than fellow Chicago-based exchange CME Group (CME), CBOE has been [...]

Monday, May 6, 2013 With the Q1 earnings season now largely behind us and not much on the economic calendar either, stocks may struggle to sustain the momentum from last week in the absence of a catalyst. We should keep in mind however that the market’s push into record territory has not been driven by [...]

FleetCor Technologies, Inc.’s (FLT) first-quarter adjusted earnings of 90 cents breezed past the Zacks Consensus Estimate of 77 cents. Results were up 50% year over year from 60 cents earned in the year-ago quarter. Including the negative impact of $10.5 million or 13 cents per share from stock based compensation, amortization of intangible assets, amortization [...]

Technology and outsourcing company, Accenture Plc. (ACN) has recently won a seven-year business process outsourcing agreement from a Swedish Steel manufacturer, SSAB. Accenture would provide finance & accounting, customer care and procurement services to SSAB. As per the agreement, Accenture would provide the much needed support to SSAB across selected operations in Europe and help [...]