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Wayne Ellis

Cannibalizing REITs for a Bigger Pay Day

In AGNC’s most recent earnings conference call, CEO Gary Kain announced that the company had begun purchasing common stock of fellow MREITs at a significant discount to book value.

Apple Buys Back $14 Billion in Shares

In the last two weeks, Apple, Inc. has bought back $14 billion worth of outstanding shares from investors. This buyback comes on the tail of disappointing first-quarter results, according to Apple CEO Tim Cook.

Investors Fleeing Securities Funds in Record Numbers

A record $24 billion of investment funds had flowed out of equities in the United States by yesterday’s market close for the week through Feb. 5, according to EPFR Global, a fund research company.

The High Cost of Reorganization: GM Waves Bye-bye to Profit Growth in 2014

GM posted fourth-quarter revenue of $40.5 billion in 2013, compared to $39.3 billion in 2012. Yet, the company’s Q4 profit of $1.04 billion (67 cents per share) was down from the previous year’s $1.19 billion, mainly due to steep reorganization costs and higher tax rates.

AT&T 1-Year Turnaround… Not Enough to back the CEO

Following closely in Daimler AG’s footsteps, AT&T’s Q413 figures also were buoyed by a one-time gain — attributed to the company’s pension plan — which boosted earnings per share by 21 percent.

Daimler AG Boosts Dividend after 45 Percent Jump in Q4 Earnings

German auto-maker Daimler AG capped off the 2013 year with a strong finish, as the German auto manufacturer posted fourth quarter earnings 45 percent over the previous year.