…the latter category, as the company looks to do better in 2013 after crashing 36% last calendar year. Cypress reports first-quarter results on Apr. 18. The company has been waiting on the success of Android tablets for quite some time now, but to no effect. Moreover, Cypress has been reeling under the effects of tepid economic conditions, and its products have not been finding good traction. However, the stock has seen a sort of mini rally since the middle of February, when Needham upgraded it to a Buy from Hold.
Travelzoo 1st-quarter profit jumps (CNBC.com)
Travelzoo Inc. (NASDAQ:TZOO) said on Thursday that its first-quarter net income jumped 49 percent, although its adjusted profit fell from last year. The online travel deals company earned $5.6 million, or 36 cents per share, for the quarter that ended March 31. That was up from $3.7 million, or 23 cents per share, during the same period last year. Revenue rose 7 percent to $42.2 million, from $39.3 million a year earlier.
Why Verizon Communications Inc. (VZ) Will Stay On Top Of The LTE Market (Insider Monkey)
The 4G LTE market is a huge landscape, encompassing both private and government organizations. There is enormous gain for mobile providers that can deliver efficient solutions for 4G LTE-enabled devices to surf the web, post status-updates, share music and download files at speed faster than other networks. So when Verizon Communications Inc. (NYSE:VZ) announced that it has activated 4G LTE coverage to two sites in Delaware County in New York, I was not surprised by the initiative. Over the past two years, Verizon has made the 4G LTE network available to more than 273 million people across the US. Recently, the company expanded the network to Cayuga County, Chautauqua County, Rochester, Syracuse, and Utica-Rome in the New York area. The initiative has allowed Verizon Communications Inc. (NYSE:VZ) to extend its 4G LTE network, provide speed for surfing the internet, and strengthened the company’s investment in local exchanges used for business and consumer communications.
‘I Jumped to Save My Body’: Walmart Slammed Over Nicaragua Stabbings and Bangladesh Fire (The Nation)
Survivors of a factory fire in Bangladesh and an armed assault in Nicaragua both called this week for Wal-Mart Stores, Inc. (NYSE:WMT) to crack down on abuses in its global supply chain. Former garment worker Sumi Abedin, who jumped from a third story window to escape Bangladesh’s Tazreen factory, will lead a mock “funeral procession” tonight to the New York City home of Walmart board member Michele Burns. Tomorrow, students and other supporters will converge on the New York and Los Angeles offices of SAE-A, a Walmart contractor accused of fomenting violence against union activists. Wal-Mart Stores, Inc. (NYSE:WMT) did not respond to a request for comment on either case.
Nat Gas Rises as Chilly Weather Keeps Stockpiles Low (UNG) (StreetInsider.com)
United States Natural Gas Fund, LP (NYSEARCA:UNG) is popping Thursday following data from the U.S. Energy Information Administration (EIA) showing a lower-than-expected increase in stockpiles last week. Latest information pointed to a 31 billion cubic feet (bcf) increase in inventory, versus expectations calling for a 34 bcf rise.
Coal miner Peabody posts 1Q loss, outlook upbeat (MiamiHerald.com)
Coal miner Peabody Energy Corporation (NYSE:BTU) said Thursday that it posted a loss for the first three months of the year on lower U.S. shipments and prices for its Australian coal, though the results still beat Wall Street’s expectations. St. Louis-based Peabody, the world’s biggest private-sector coal producer, cautioned…
