Garmin Ltd. (GRMN) reported fourth quarter earnings that missed consensus estimates by 19 cents, or 21.8%. Currency had a 15 cent negative impact on earnings, and if excluded would have raised the EPS by a like amount. Garmin is deferring lifetime maps, connected services and premium traffic over their economic lives. Net deferrals were 19 [...]

Libyan Rebels control most of the oil coast and have moved within 30 miles of Tripoli. Oil prices have risen along with the violence and PIMCO Co-CEO Calls Oil Spike “Stagflationary”. The New York Times reports Qaddafi Strikes Back as Rebels Close In on Libyan Capital Thousands of mercenary and irregular forces struck back at [...]

By Gwen Ruta Imagine if you could tap the brainpower of proven innovators from around the globe to help your company create its next business breakthrough and enhance its environmental record. Environmental Defense Fund (EDF) announced today that it is teaming up with InnoCentive, a global leader in crowdsourced innovation, to help companies do just [...]

Fallbrook Technologies (Fallbrook) along with global automotive consulting and technology development firm Advanced Strategic Leadership (ASL) Partners announced that China’s Shanghai (Yangpu District) government approved a proposal for an Electric Vehicle Design Center to develop prototype transmissions for electric vehicles leveraging Fallbrook’s NuVinci DeltaSeries technology. The approval follows the Yangpu District Government’s grant to ASL [...]

Vertex Pharmaceuticals Inc. (VRTX) recently reported positive data from a late stage trial on VX-770, being evaluated for the treatment of cystic fibrosis (CF). In the phase III (STRIVE) trial, which compared VX-770 with placebo, all the primary and secondary endpoints were met. Following the trial results, the Vertex Pharma’s share price shot up 15% [...]

Priceline.com Inc PCLN) reported strong numbers in the seasonally down fourth quarter. The company’s earnings including stock based compensation and excluding other items beat the Zacks Consensus by 16 cents, or 5.7%. Shares dropped 1.8% during the day since expectations were low given the fact that competitor Expedia Inc (EXPE) missed expectations. However, after Priceline’s [...]

Saks Incorporated (SKS) delivered fourth-quarter 2010 earnings (excluding one-time items) of 13 cents per share, compared with 6 cents in the year-ago quarter. The Zacks Consensus Estimate was a net loss of 8 cents. The year-over-year improvement in the quarter reflects same-store sales growth and gross margin rate expansion. On a reported basis, the company [...]

Ed. Note: This post is part of the Celebrating Black History Month series, which highlights African Americans from across the Administration whose work contributes to the President's goals for winning the future. As United States Trade Representative, I am a member of President Obama's Cabinet and serve as the President's principal trade advisor, negotiator and [...]

Envergent Technologies’s RTP (Rapid Thermal Processing) technology (earlier post) will convert biomass feedstock into a renewable oil to heat and power the Crane & Co. Mass. facility where it produces paper used for US currency. RTP is a rapid thermal process in which biomass such as wood chips or straw is rapidly heated at ambient [...]

On Tuesday, I joined President Obama in Cleveland to meet with small business leaders and get their ideas on how we can support their work in clean energy. America’s small businesses are engines of innovation and job creation. In fact, they create two out of every three new jobs in this country. Their ingenuity is [...]