February 25, 2014 |
Consumer confidence retreated in February as fewer Americans expressed optimism about near-term economic conditions, the Conference Board reported Tuesday. The consumer confidence index fell to 78.1, down from 79.4 in January. The drop was primarily in its expectations index -- which measures consumers' expectations of economic activity in the next six months. The survey found that consumers had "concern over the short-term outlook for business conditions, jobs and earnings,” said Lynn Franco, director of economic indicators.
February 20, 2014 |
Hewlett-Packard reported first-quarter earnings Thursday that beat analysts' expectations even as the company reported another decline in revenue. HP said revenue for the first quarter ending in January was $28.2 billion, down from $28.4 billion, or about 1%. That topped the $27.2 billion Wall Street expected, according to Thomson Financial. Revenue at the company has been declining for a couple of years now. However, the 1% decline is less than the 4% decline Wall Street expected, and it's less than the 6% decline HP reported a year ago. "HP is in a stronger position today than we've been in quite some time," said Meg Whitman, HP's president and chief executive officer, in a statement released with the earnings.
February 19, 2014 |
A special Tuesday episode of "American Idol" was the only real competition for the Olympics, and the singing contest continued to feel some of the pressure. Tuesday's "Idol," which kicked off the series' first-ever so-called Rush Week, averaged 9.65 million viewers overall, down 3% from last Thursday's episode, according to early numbers from Nielsen. Among advertiser-desired 18-to-49-year- olds , the show fell 7% to a rating of 2.7. NBC's prime-time coverage of the Sochi Winter Olympics has achieved generally lower ratings than the Vancouver Games four years ago, but it is still easily beating its competitors.
February 17, 2014 |
NBC's prime-time Sochi Olympics ratings have failed to achieve the same high levels as four years ago when the games were held in a compatible time zone in Vancouver, Canada. The nine- to 12-hour time difference between Sochi, Russia, and the U.S. have tamped down audience levels, in part, because most viewers know the outcome of key competitions long before NBC's prime-time broadcasts begin. On Sunday night, NBC attracted 21.3 million viewers for its prime-time program, which showcased the breakout performance of American ice dancers Charlie White and Meryl Davis. Sunday's audience totals represented an 8% decline from the same night during the Vancouver Olympics, when many of the contests aired live.
February 11, 2014 |
Despite a season decimated by injury, the Lakers are still a big draw in the secondary ticket market. According to online marketplace StubHub, the Lakers are second to the Miami Heat in ticket sales when playing on the road. The Oklahoma City Thunder, Chicago Bulls and the Clippers round out the top five in ticket sales as the away team on StubHub. As the home team, the Lakers are fifth in the NBA on StubHub, behind the New York Knicks, Brooklyn Nets, Heat and Golden State Warriors.
February 6, 2014 |
Weaker signals from the housing markets sent mortgage rates lower for the fifth week in a row, with Freddie Mac reporting that lenders were offering 30-year fixed home loans to solid borrowers at an average of 4.23%, down from 4.32% a week ago. The rate is the lowest for Freddie Mac's weekly survey since November, and down from 4.53% at the beginning of the year. The average for 15-year fixed mortgages fell as well, from 3.4% to 3.33%, Freddie Mac said Thursday. The start rates for variable home loans also fell.