Grantham, Mayo, Van Otterloo & Co.’s latest 13F filing with the Securities and Exchange Commission indicates that the company purchased 104 new stocks during the first quarter and sold out of 79 stocks. It also increased its holdings in 292 companies and reduced its holdings in 183 stocks. GMO’s Top Holdings As of the end of the first quarter of the year, the firm’s top five holdings included Johnson & Johnson (NYSE:JNJ), which made...
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Morning Market Update Stocks that are expected to trade actively in U.S. markets on Wednesday include: The Walt Disney Company (NYSE:DIS), DaVita HealthCare Partners Inc (NYSE:DVA), Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B), AOL, Inc. (NYSE:AOL), McDonald’s Corporation (NYSE:MCD), J. C. Penney Company, Inc. (NYSE:JCP), Microsoft Corporation (NASDAQ:MSFT), Yahoo! Inc. (NASDAQ:YHOO), Electronic Arts Inc. (NASDAQ:EA), Herbalife Ltd. (NYSE:HLF), Tripadvisor Inc (NASDAQ:TRIP), Plum Creek Timber Co. Inc. (NYSE:PCL), Symantec Corporation (NASDAQ:SYMC) and Zillow Inc (NASDAQ:Z). Market Levels...
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AOL, Inc. (NYSE:AOL) released its earnings before opening bell this morning, reporting diluted earnings per share of 32 cents, compared to 22 cents per share in the same quarter a year ago. The company’s total revenue for the quarter was $538.3 million. Analysts were expecting the company to report quarterly earnings of 45 cents per share on revenue of $542 million. As a result of the company’s significant earnings and revenue misses, shares of...
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More quarterly earnings reports are due this week. We’re expecting reports from Telefonica S.A. (NYSE:TEF), Tim Hortons Inc. (NYSE:THI) (TSE:THI), Cognizant Technology Solutions Corp (NASDAQ:CTSH), Toyota Motor Corporation (NYSE:TM) and AOL, Inc. (NYSE:AOL). Telefonica S.A. (NYSE:TEF) A consensus of analysts polled by Bloomberg Businessweek indicates expectations of $1.42 in earnings per share for the full year on €59.7 billion in revenue for the full year. Reuters’ consensus indicates expectations of €954 million in net...
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AOL, Inc. (NYSE:AOL) has confirmed today that its CEO of advertising division AOL Networks, Ned Brody, has resigned from the company, says a report from TechCrunch. The company confirmed that the resignation follows a report from AllThingsD that Yahoo may want Ned to fill in the vacant position of the head of sales for North America. AOL has not yet found a replacement for Brody, but for the time being CEO Tim Armstrong will take...
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The stock price of AOL, Inc. (NYSE:AOL) surged by more than 7 percent to $38.87 per share on Wednesday around 2:00 PM in New York after analysts from Barclays Equity Research upgraded their price target to $44 per share and overweight rating for the company. Barclays Equity Research analyst, Anthony DiClemente and Ryan Ripp believe that will experience a significant growth in earnings as the global internet company returns to modest revenue growth as...
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Time Warner Inc (NYSE:TWX) announced on Wednesday that it plans to sell its magazine division, Time Inc., as an independent trading company towards the end of this year. Time Inc publishes famous titles such as Time, Fortune, and People. The spinoff news comes after the announcement made by the News Corp (NASDAQ:NWSA) (NASDAQ:NWS) to break up its entertainment and publishing unit into two companies, which is planned to be concluded by the end of this year. “After a thorough...
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AOL, Inc. (NYSE:AOL) on, one of its board directors – Susan Lyne – to run the AOL portfolio brands. The vice chairman of the online clothing flash sale site Guilt.com, Lyne will leave her position on the AOL, Inc. (NYSE:AOL) board to look after advertising and publisher affairs to monitor and grow traffic as the Brand Group CEO. Meanwhile, Artie Minson is stepping down as COO as the role disappears from the company and staying for a transition period....
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AOL, Inc. (NYSE:AOL) just acquired a tech review website called gdgt, which was built by the same folks behind AOL’s other tech website, Engadget. Gdgt announced the acquisition on their website. They mentioned their project partnership with Engadget last year to get structured product data on their website. The company soon realized that their product and service would be a natural fit for Engadget. The announcement read: We’ve got some big news: we couldn’t be...
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The stock price of AOL, Inc. (NYSE:AOL) surged by nearly 8 percent to $33.90 a share during the midday trading on Friday. The jump came after the company reported strong financial results for the fourth quarter of 2012. Based on the financial statement, the company’s total revenues during the fourth quarter was $599.5 million, a 4 percent increase from $576.8 million in total revenues recorded in the same period last year. AOL, Inc. (NYSE:AOL)’s advertising...
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Friday sees a small group of important companies announcing earnings. Of interest to many investors will be Moody’s Corporation (NYSE:MCO), AOL, Inc. (NYSE:AOL), Brookfield Infrastructure Partners L.P. (NYSE:BIP), Buckeye Partners, L.P. (NYSE:BPL), and Apollo Global Management LLC (NYSE:APO). Moody’s Corporation (NYSE:MCO): The bond ratings agency may face a DOJ lawsuit in the coming months, though the market didn’t seem all that worried on Friday. The company is expected to announce earnings of 69 cents...
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