After a somewhat cryptic marketing campaign, J.C. Penney finally announced what we’ve all been waiting to hear: they are getting rid of traditional sales. Instead of offering consumers limited-time chances to purchase the merchandise that they want, the retail chain will be slashing prices across the board, and then providing scheduled clearance days to get rid of excess stock. These scheduled... 

Personal Computing powerhouse Dell is going to go through a bit of restructuring soon, but this time it doesn’t mean scores of layoffs. Dell is actually expanding their development efforts and announced today that they would be expanding their research and development staff at their Silicon Valley headquarters. To help support this new employment push, Dell will be constructing another building... 

IBM (IBM) continued its acquisition purchase spree yesterday by agreeing to purchase Worklight, which is a privately-held company that creates applications for smartphones and tablets, including those for the Android and Apple platforms. Financial terms of the deal were not disclosed, and will likely remain a mystery until after the deal has been finalized, which should happen near the end of next... 

Yanzhou Coal Mining (NYSE: YZC) was downgraded by analysts at Nomura (NYSE: NMR) from a “buy” rating to a “reduce” rating in a research report issued to clients and investors on Tuesday. Separately, analysts at Barclays Capital (NYSE: BCS) upgraded shares of Yanzhou Coal Mining to an “overweight” rating in a research note to investors on Tuesday, January 3rd. Also,... 

Analysts at Raymond James (NYSE: RJF) started coverage on shares of FactSet (NYSE: FDS) in a research report issued to clients and investors on Tuesday. They set an “outperform” rating on the stock. Separately, analysts at Brigantine downgraded shares of FactSet from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, January 25th. They... 

Analysts’ new coverage for Tuesday, January 31st: Associated Estates (NYSE: AEC) is now covered by analysts at Cantor Fitzgerald. They set a “buy” rating on the stock. AvalonBay Communities, Inc. (NYSE: AVB) is now covered by analysts at Cantor Fitzgerald. They set a “buy” rating on the stock. Equity Residential (NYSE: EQR) is now covered by analysts at Cantor Fitzgerald.... 

CVS Caremark agreed to pay $5 million to settle charges brought by the Federal Trade Commission.  The FTC accused the company of misrepresenting the price of certain prescription drugs in one of its Medicare drug plans.    This misrepresentation caused many older consumers to pay prices that were significantly higher than advertised.  CVS Caremark runs prescription drug plans for employers and... 

A number of firms have modified their ratings and price targets on shares of II-VI (NASDAQ: IIVI) recently: II-VI was downgraded by analysts at Zacks Investment Research from a “neutral” rating to an “underperform” rating. II-VI had its “buy” rating re-affirmed by analysts at Needham & Company. II-VI had its price target raised by analysts at Longbow Research... 

Ubiquiti Networks (UBNT) issued its quarterly earnings data on Tuesday. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The company’s revenue for the quarter was up 94.7% on a year-over-year basis. On the ratings front, analysts at Wunderlich initiated coverage on shares of Ubiquiti Networks in a research note to investors on Friday,... 

Dolby Labs (DLB) posted its quarterly earnings results on Tuesday. The company reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters consensus estimate of $0.68 by $0.08. The company’s quarterly revenue was down 3.8% on a year-over-year basis. On a related note, analysts at Brigantine raised their price target on shares of Dolby Labs from $32.00 to $40.00 in a research...