Drug manufacturer Allergan, Inc. (AGN) will be reporting its second quarter results on Monday, with analysts expecting to see an 8% earnings increase from the same period last year.

Analysts have forecast earnings of $0.81 for the quarter, versus $0.75 during the same period last year.

Allergan has managed to outpace analyst estimates for each of the past six quarters, and has not failed to at least match estimates since the first quarter of 2007.

I remember six years ago when the Beastie Boys released their newest album. It dealt with New York City and what it meant to the group -- hence the title, "To the 5 Boroughs." It seems that athletic shoe and apparel giant Nike (NKE) also will attempt to capitalize on the pride generated in each of the city's five boroughs, as it will release a limited edition line of shoes celebrating each of the boroughs.

These shoes will only be sold in New York, with select stores in each borough receiving the corresponding shoe. These shoes were produced for the inaugural World Basketball Festival that will take place from August 12 through August 15. The selected stores in Brooklyn will receive shoes with a black, plum, and white color scheme; a logo for the borough; and laces that identify the shoes as the Brooklyn edition.

Walmart (WMT) seems to have the big-box retail format cornered. It is growing sales faster than the competition, is expanding internationally with success and seems to be able to do no wrong (albeit with a few small sidesteps).

Shares haven't really done much in recent years, closing yesterday right above $50 after sitting in $40 land for much of the past three years. About this time last year, shares were on a trajectory to hit $60 -- which they made before declining again.

If you don't think Nokia (NOK) is nervous about the growing domination of the iPhone and Android-based smartphones, you had better update your map.

Nokia announced Tuesday that it is going to be selling its wireless modem business to Japan's Renesas Electronics for $200 million in an attempt to concentrate its focus on its handsets.

Much has been written in recent years about the waning relevance of the world's largest software company, Microsoft Corporation (MSFT). The cancellation of some of Microsoft's mobile efforts just this week, after two short months, as well as seeming uncertainty about its overall strategy outside operating system and productivity software, has made its stock languish for years.