Troubled movie renter Blockbuster has been looking for a buyer, and we learn today that DISH Network (DISH) has won the auction for the company, with a deal valued at $228 million in cash.

Blockbuster was once the biggest name in video rentals, but it has been unable to keep up with changes in the market created by companies such as Netflix (NFLX) and Redbox.

Continue reading DISH Networks Wins Blockbuster Auction

DISH Networks Wins Blockbuster Auction originally appeared on BloggingStocks on Wed, 06 Apr 2011 12:40:00 EST. Please see our terms for use of feeds.

Some good news for everyone out there looking for a job: unemployment fell to a two-year low in March, down to 8.8%.

While an 8.8% percent unemployment rate is still nothing to celebrate, it is a clear indication that we are headed in the right direction. Companies hired new employees at the fastest two-month pace since before the recession began.

Continue reading Unemployment Rate Falls to Two-Year Low

Unemployment Rate Falls to Two-Year Low originally appeared on BloggingStocks on Fri, 01 Apr 2011 11:20:00 EST. Please see our terms for use of feeds.

Continue reading Oil Closes at Two-and-a-Half Year High

Oil Closes at Two-and-a-Half Year High originally appeared on BloggingStocks on Thu, 31 Mar 2011 18:00:00 EST. Please see our terms for use of feeds.

There are a lot of upset people today following Google's announcement that Kansas City was the company's choice for its blistering fast 1 Gbps broadband Internet.

When Google (GOOG) announced its desire to find a place to test the development of a 1 gigabit fiber to the home network last February, cities and towns all across the nation started working on their presentations to get Google to come to their area. Google received 1,100 applications, but in the end, it is Kansas City that got the nod.

Continue reading Kansas City Wins Google Over

Kansas City Wins Google Over originally appeared on BloggingStocks on Thu, 31 Mar 2011 11:00:00 EST. Please see our terms for use of feeds.

According to the ADP Employer Services Report, the private sector added 201,000 new jobs in March, basically in-line with 203,000 new jobs that analysts had been expecting to see.

February's figures were revised downwards to 208,000 from a previously estimated 216,000 new jobs.

March's employment gains bring the four-month average of new jobs to 211,000, more than enough to keep the labor track on path. Analysts estimate that the economy needs to add 125,000 new jobs each month in order to keep up with population growth, so any jobs over that figure result in a lower unemployment figures.

Continue reading Labor Market Continues to Show Signs of Improvement

Labor Market Continues to Show Signs of Improvement originally appeared on BloggingStocks on Wed, 30 Mar 2011 12:30:00 EST. Please see our terms for use of feeds.

Discount retailer Family Dollar Stores Inc. (FDO) reported its fiscal second quarter results this morning, topping analyst estimates and sending the stock higher in premarket trading.

For the quarter, Family Dollar reported it earned 98 cents per share, topping analyst estimates by a penny. During the same period last year, the company earned 81 cents per share.

Continue reading Family Dollar Earnings Top Estimates, Sending Shares Higher

Family Dollar Earnings Top Estimates, Sending Shares Higher originally appeared on BloggingStocks on Wed, 30 Mar 2011 09:00:00 EST. Please see our terms for use of feeds.

Continue reading Consumer Confidence Hits Three-Month Low

Consumer Confidence Hits Three-Month Low originally appeared on BloggingStocks on Tue, 29 Mar 2011 16:00:00 EST. Please see our terms for use of feeds.

Shares of software giant Oracle Corp. (ORCL) traded higher after the market closed Thursday as the company reported fiscal third-quarter earnings above analyst estimates.

Going into this afternoon's earnings report, analysts had been expecting to see Oracle report earnings of 50 cents per share. Excluding one time items, Oracle stated that its quarterly earnings were 54 cents.

Continue reading Better-Than-Expected Earnings Report Cheers Oracle Investors

Better-Than-Expected Earnings Report Cheers Oracle Investors originally appeared on BloggingStocks on Fri, 25 Mar 2011 09:30:00 EST. Please see our terms for use of feeds.

Shares of retail giant Best Buy (BBY) traded higher Thursday morning after the company posted better-than-expected earnings for its fourth quarter.

Going into the earnings report, analysts had been expecting to see Best Buy report earnings of $1.84 per share for the quarter. Best Buy topped estimates by posting earnings of $1.98 per share.

Continue reading Best Buy Tops Earnings Estimates but Revenues Disappoint

Best Buy Tops Earnings Estimates but Revenues Disappoint originally appeared on BloggingStocks on Thu, 24 Mar 2011 10:50:00 EST. Please see our terms for use of feeds.

Bookseller Barnes & Noble, Inc. (BKS) has been hoping to find a potential buyer, but it appears as though its search will end with no buyer.

The book seller has been searching for months for a potential buyer, and the search will likely continue for a couple more weeks, but people close to the bidding process have stated that it looks unlikely that the company will be able to find a buyer.

Continue reading Barnes & Noble Struggles to Find a Buyer

Barnes & Noble Struggles to Find a Buyer originally appeared on BloggingStocks on Wed, 23 Mar 2011 18:00:00 EST. Please see our terms for use of feeds.

Shares of retailer American Eagle Outfitters (AEO) traded sharply higher Wednesday morning after the company posted stronger-than-expected fourth quarter results before the market open.

Going into the earnings report, analysts had been expecting to see the Pittsburgh-based company report earnings of $0.43 per share, but the company beat by a penny with earnings of $0.44. During the same period last year the company had earnings of $0.38 per share.

Continue reading American Eagle Soars Following Q4 Earnings Report

American Eagle Soars Following Q4 Earnings Report originally appeared on BloggingStocks on Wed, 09 Mar 2011 12:00:00 EST. Please see our terms for use of feeds.

Fortune has released its list of the world's 50 most respected companies and once again Apple Inc. (AAPL) tops the list.

This is the fourth year in a row that the Cupertino based company has grabbed the top slot. Apple's respect comes mainly due to the company's ability to release new products at an amazingly quick pace, often updating its main product lines at least once a year.

Continue reading Apple Still Fortune's Most Respected Company

Apple Still Fortune's Most Respected Company originally appeared on BloggingStocks on Thu, 03 Mar 2011 17:30:00 EST. Please see our terms for use of feeds.

Continue reading AutoZone Drives Home Great Q2 Results

AutoZone Drives Home Great Q2 Results originally appeared on BloggingStocks on Tue, 01 Mar 2011 14:00:00 EST. Please see our terms for use of feeds.

Continue reading AutoZone Fiscal Q2 Earnings Preview

AutoZone Fiscal Q2 Earnings Preview originally appeared on BloggingStocks on Mon, 28 Feb 2011 15:00:00 EST. Please see our terms for use of feeds.

The housing market got a bit of bad news Monday morning, with pending home sales falling faster than expected in January.

Consumer confidence has been on the rise over the past couple of months, but that boost in confidence did not carry over to pending home sales, which were down 2.8% during the month of January.

Continue reading Pending Home Sales Down in January

Pending Home Sales Down in January originally appeared on BloggingStocks on Mon, 28 Feb 2011 12:00:00 EST. Please see our terms for use of feeds.

Retail giant Target Corp. (TGT) reported its fourth quarter results this morning, and a strong holiday shopping season helped boost profit by 11%.

The company reported earnings of $1.38 per share, slightly lower than the $1.40 that analysts had been expecting. During the same period last year, the company earned $1.24 per share.

Continue reading Target Trades Higher Following Fourth-Quarter Earnings

Target Trades Higher Following Fourth-Quarter Earnings originally appeared on BloggingStocks on Thu, 24 Feb 2011 10:00:00 EST. Please see our terms for use of feeds.

Shares of women's clothing retailer Chico's FAS Inc. (CHS) traded sharply higher Wednesday morning, despite missing its earnings estimate by one penny before the market opened.

Going into this fourth-quarter earnings report, analysts had been expecting to see earnings of $0.13 per share, but the company came up a bit shy at just $0.12.

Continue reading Chico's FAS Soars Despite Earnings Miss

Chico's FAS Soars Despite Earnings Miss originally appeared on BloggingStocks on Wed, 23 Feb 2011 11:20:00 EST. Please see our terms for use of feeds.

Shares of food giant Campbell Soup Co. (CPB) traded sharply lower Friday morning after it posted lower-than-expected revenues and lowered forward guidance.

Earnings for the company's second quarter were in-line with analyst estimates at $0.71 per share, but revenues came in at just $2.13 billion for the quarter. Analysts had been expecting to see Campbell report revenues of $2.15 billion.

Continue reading Campbell Shares Sink on Weaker-Than-Expected Revenues

Campbell Shares Sink on Weaker-Than-Expected Revenues originally appeared on BloggingStocks on Fri, 18 Feb 2011 12:00:00 EST. Please see our terms for use of feeds.

Continue reading Home Depot Hiring 60,000 Employees

Home Depot Hiring 60,000 Employees originally appeared on BloggingStocks on Tue, 15 Feb 2011 14:30:00 EST. Please see our terms for use of feeds.

Yesterday marked a pretty big day for Verizon Communications Inc. (VZ), as customers could finally walk into a Verizon store and pick up an iPhone. Some analysts had expected to see some long lines, but they did not materialize, creating the impression that the launch was less than successful, but looks can be deceiving.

It is easy to understand where the confusion comes from. In the past, whenever Apple released a new iPhone we saw long lines and often not even supply to cover the launch date demand, resulting in long waits for eager iPhone fanatics to get their hands on the new smartphone.

Continue reading Small Lines for Verizon's iPhone Launch Could Be Deceiving

Small Lines for Verizon's iPhone Launch Could Be Deceiving originally appeared on BloggingStocks on Fri, 11 Feb 2011 16:30:00 EST. Please see our terms for use of feeds.