Mon, May 28, 2012, 5:32 PM EDT - U.S. Markets closed for Memorial Day

Financial News from Forbes

  • Sales of this truck maker soared 45% to $4.8 billion from $3.3 billion in the year ago quarter.

  • Mobile is going to be the biggest challenge ever faced by Mark Zuckerberg and Facebook. Here's why.

  • We've known for some time that Apple had another Englishman joining at senior level but it's only just been made generally known on what terms. The new head of Apple retail is gaining $56 million worth of restricted stock. We've known is early in the year that John Browett was joining [...]

  • H&E has posted four straight positive earnings surprises and carries an implied earnings growth rate of 43%.

  • Delek has been on a roll since the beginning of 2012, jumping more than 45% year-to-date.

  • Medley Capital Corporation (NYSE: MCC) has been named as a Top 10 dividend-paying financial stock, according to Dividend Channel, which published its most recent ''DividendRank'' report. The report noted that among shares of financial companies, MCC displayed both attractive valuation metrics and strong profitability metrics. …

  • Northstar Realty Finance Corp (NYSE: NRF) has been named as a Top 10 Real Estate Investment Trust (REIT), according to Dividend Channel, which published its most recent ''DividendRank'' report. The report noted that among REITs, NRF shares displayed both attractive valuation metrics and strong profitability metrics. For …

  • EMC Insurance Group Inc. (NASD: EMCI) has been named as a Top 10 dividend-paying financial stock, according to Dividend Channel, which published its most recent ''DividendRank'' report. The report noted that among shares of financial companies, EMCI displayed both attractive valuation metrics and strong profitability metrics. …

  • According to GuruFocus Insider Data, these are the largest insider sells during the past week. Blackrock Inc (BLK): Director Bank Plc /eng/ Barclays sold 35,210,022 Shares Director of Blackrock Inc (BLK) Bank Plc /eng/ Barclays sold 35,210,022 shares on 05/22/2012 at an average price of $171.26. BlackRock, Inc. is one of …

  • A cameraman films an LNG tanker docked at the liquefied natural gas (LNG) plant on Sakhalin island outside the town Korsakov on February 17, 2009. Russia on February 18 is set to begin production of liquefied natural gas on Sakhalin Island, greatly increasing its role as an energy exporter in [...]

  • That's the story coming out of Taiwan that Foxconn, the major supplier to Apple, is going to double the workers' wages again. No doubt any number of campaigners will claim victory here but it's almost certainly nothing at all to do with demands that Apple be "ethical" and everything to [...]

  • The Facebook fiasco has spooked a lot of tech investors, especially those holding shares of recently-launched social media companies with similarly unproven earnings streams.

  • Video Image credit: Getty Images via @daylife Following my post the other day on jailbreaking the iPhone, I've been getting a lot of questions from readers related to jailbreaking. These questions are aimed at the newbies to jailbreaking, so if you're the sort of person who's already jailbroken an iOS device, not much  …

  • Goldman Sachs released a report highlighting the companies with the largest short positions among hedge funds.

  • Shares in Chinese electric car pioneer BYD dropped by 5.9% today after one of the company’s electric vehicles reportedly caught fire after being rear-ended in a high-speed accident on Saturday in Shenzhen, just over the border from Hong Kong. Three people – the driver of the BYD E6 electric taxi and [...]

  • Investors in China’s main financial district are talking about the following before the start of trade today:  Chinese share prices may be hurt by a new downbeat economic report this weekend. The central government's Statistics Bureau said on Sunday profit among Chinese big industrial firms declined by 2.2% in April from …

  • One of the main criticisms of consumer-driven health care is that, today, consumers have no way of figuring out how much a particular health care service costs. Indeed, one of the reasons that health care is so expensive in America is because people have no idea what they’re paying for it. Hence, it’s important for reformers …

  • Hong Kong fashion chain I.T. Ltd. reported an increase in full-year profit and sales in its annual results announcement out on Friday, but was cautious about the outlook for this year. The company said while it was confident about the long-term prospects for the region, particularly mainland China, it would also [...]

  • In a new exclusive interview, eight years after the founding of Facebook, Eduardo Saverin finally talks openly about the website's creation, his current investments and, of course, his so-called feud with Mark Zuckerberg.

  • 11 All-Weather ETFs To Balance Your Portfolio @ Forbes - Sun, May 27, 2012 2:25 PM EDT

    All weather investment strategies can shield investors during the worst bear markets.

  • Chesapeake's Strange Plan To Make 'Green' Gasoline @ Forbes - Sun, May 27, 2012 1:40 PM EDT

    McClendon's risky investment in Sundrop Fuels is a prime example of what Carl Icahn says is wrong with the company.

  • Why Meg Whitman Needs To Shrink Hewlett-Packard @ Forbes - Sun, May 27, 2012 12:18 PM EDT

    Meg Whitman has just announced that she's going to shrink the workforce at Hewlett-Packard. She says the organisation has reached a size where it is sinking under its own weight and thus simply cannot continue at the same size. This neatly illustrates a long held belief of mine. One that [...]

  • What the Facebook IPO Debacle Doesn't Tell Us @ Forbes - Sun, May 27, 2012 11:08 AM EDT

    Image via CrunchBase Ross Douthat shares my personal visceral dislike for Facebook, but I'm afraid he's let this warp his analysis of the economics of Facebook. For those note really paying attention, the issue is that Facebook went public last week, meaning it's shares were made available for the public to [...]

  • The hardy Vice Fund devotes at least 80% of assets, and often more, to four types of equities: alcohol, aerospace-defense, tobacco and gaming.

  • Ten Stocks With Safe Dividends @ Forbes - Sun, May 27, 2012 10:07 AM EDT

    Here are 10 stocks with the financial flexibility to continue paying a solid dividend.

  • Kevin Costner as 'Devil' Anse Hatfield This Memorial Day weekend, some of the country will still be feuding about Phillip Phillips win over Jessica Sanchez on American Idol. But those waiting for real blood, guts, and paranoia will have to tune into History Channel’s eagerly anticipated Hatfields & McCoys miniseries. It’s …

  • Facebook IPO Lawsuits: Will IRS Share? @ Forbes - Sun, May 27, 2012 7:12 AM EDT

    Image via psychologytoday The Facebook IPO was much anticipated—in fact, it was downright hyped. That was then. Now lawsuits are flying. See Facebook: Lawsuits Piling Up. If you lost money, you may have a claim. See Facebook, Zuckerberg Sued Over IPO. But if you do, will it go into your pocket or must you split [...]

  • Television ratings for the Indianapolis 500 have been trending down for several years, from a high of 6.5. in 2005 to below 4.0 in both 2010 and 2011. That has put a lot of pressure on Randy Bernard, who became CEO of the Izod IndyCar Series in early 2010. Bernard told me a year ago [...]

  • Will MHI achieve their restructuring goals? We cannot say. What we can say is that substantial failure would imperil not just the company, but Japan and, perhaps, the world. We should all hope they succeed.

  • How the Indianapolis 500 Helps Chevrolet's Fuel Economy @ Forbes - Sat, May 26, 2012 5:49 PM EDT

    I'm here at the Indianapolis 500, the annual Memorial Day Weekend collaboration of horsepower, torque and an oval track - and yes, the occasional mullet. The 2012 Chevrolet Camaro ZL1 I spent Friday morning driving the freakishly fast 580 horsepower 2012 Chevrolet Camaro ZL1 on winding country roads, and then the afternoon …

  • With Facebook going public and lots of other startups ready to IPO, many of us have to ask ourselves "how do these companies manage themselves and grow so quickly?" Our research over the last few years has shown that the high-performing organizations of today actually operate and manage themselves in a [...]

  • What you may have missed in the market this week.

  • The Biggest U.S. IPOs Of The Last 25 Years @ Forbes - Sat, May 26, 2012 2:27 PM EDT

    Facebook's splashy debut raised the second-most money of any American company since 1986.

  • There are really two things that make Facebook potentially valuable. The first is that it has lots of customers. We might want to upgrade that to scads of customers actually, given 500 million regular users and near a billion adding in the occasional visitors. The second is that Facebook has [...]

  • This past week more money leaked out of Greece and out of the euro, which fell to its lowest level in two years. One headline said Greece was making plans to withdraw from the euro. The Greeks promptly denied it. You know what they used to say in Soviet Russia: no rumor is confirmed until it is officially denied.

  • Nothing works like good fundamentals, such as steadily growing corporate earnings and solid balance sheets, in picking stocks. And investors who pay close attention to them often reap bountiful rewards.

  • The Death Spiral of Greece @ Forbes - Sat, May 26, 2012 10:19 AM EDT

      This week, we achieved a new understanding of how methodically Greece is being locked into a cycle of decay. Tourism revenue declined by 15% YoY in 1Q12 - and that was before the things really started unraveling during 2Q12. In the ten days after the May elections, 50'000 bookings were [...]

  • A Quintessential Travel App: Download This @ Forbes - Sat, May 26, 2012 10:06 AM EDT

    Currency Exchange Fee Calculator Attempting to determine fair exchange rates when traveling in another country is usually a pointless pursuit.  Whether at an airport, hotel or random locale, there is simply no easy way - or any way at all - to avoid the headache of inequitable exchange rate tourist traps. Exchange [... …

  • Latin American Hot Spots For Summer 2011 @ Forbes - Sat, May 26, 2012 10:06 AM EDT

    A hand-picked selection of some of the coolest, adventurous and gorgeous uncommon travel destinations south of the border.

  • Ever since Mark Zuckerberg surprised everyone, including his board of directors, by snapping up Instagram with a $1 billion offer, people have been wondering: Who's next?Speculation has centered on a handful of apps that facilitate sharing of videos over social networks, including SocialCam, which has a reported 40 million …

  • The Cops Just Weren't On The JPM and FB Beats @ Forbes - Sat, May 26, 2012 8:39 AM EDT

    Not one of the 110 regulators inside JP Morgan Chase's NYC headquarters was overseeing the bank's $370 billion Chief Investment Office that was in effect just one big hedge fund making huge bets using indexes of credit defaul swaps that are non-transparent, illiquid, complex and potential weapons of mass destruction.

  • Why American Natural Gas Will Change The World @ Forbes - Sat, May 26, 2012 5:45 AM EDT

    LNG Carrier Galea - IMO: 9236614 - Singapore ‘It was the best of times; it was the worst of times’ – never a truer word spoken for the gas industry. Whilst Chesapeake is fighting for its life in the US, spot gas prices are reaching all-time highs in Asia. In this [...]

  • Ford Hiring In India, Adding To Growing Global Workforce @ Forbes - Fri, May 25, 2012 10:05 PM EDT

    Ford hiring in India.

  • Bearish Sentiment Growing In India @ Forbes - Fri, May 25, 2012 9:49 PM EDT

    India's GDP forecast revised lower as selling pressure continues in the world's largest democracy.

  • Brazil Facing Its Own 'Sub-Prime' Lending Problem @ Forbes - Fri, May 25, 2012 9:36 PM EDT

    Record number of Brazil car loans in default.

  • Hong Kong telecommunications billionaire Richard Li, the younger son of Asia’s richest man Li Ka-shing, is in acquisition talks with “several sizeable companies,” the elder Li said at a press conference on Friday, according to a front-page report in today’s South China Morning Post.  The businesses hold “long-term” prospects …

  • Facebook: Lawsuits Piling Up @ Forbes - Fri, May 25, 2012 8:46 PM EDT

    It now looks like every securities class-action firm in the country is going to file a lawsuit about the mishandling of the Facebook IPO. After coming public at $38 last week, the stock closed Friday at $31.91. Total slide for the week: 16.5%. Ugh. Ugh, unless you happen to make a [...]

  • When A Major Hedge Fund Guy Wins At Blackjack @ Forbes - Fri, May 25, 2012 8:25 PM EDT

    The hedge fund founder who won hundreds of thousands of dollars at the Bellagio's blackjack tables reportedly denies any card counting involvement.

  • Forbes Life Elon Musk @ Forbes - Fri, May 25, 2012 8:16 PM EDT

    At Home With The Bachelor Billionaire

  • Elon Musk On The Biggest Week Of His Life @ Forbes - Fri, May 25, 2012 8:16 PM EDT

    With Tesla production in high gear and the success of his SpaceX rocket, the billionaire playboy is proving the critics wrong—and enjoying every minute.

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