Lululemon Athletica Q1 Profit Rises 40% (LULU)

Lululemon Athletica Inc. (NASDAQ: LULU), designer and retailer of technical athletic apparel operating primarily in North America and Australia, today, reported that its first-quarter profit climbed 40%. Despite posting better-than-expected first-quarter earnings, LULU shares have fallen sharply in pre-market trading today.

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Berkshire Hathaway Discloses Stake in Lee Enterprises (BRK.A, LEE)

Warren Buffett’s investment firm, Berkshire Hathaway Inc. (NYSE: BRK.A), disclosed in a regulatory filing that it owns a stake in Lee Enterprises Inc. (NYSE: LEE). The disclosure sent LEE shares sharply higher in trading on Wednesday.

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Micro-Cap in News; US Energy Initiatives Corporation (USEI)

US Energy Initiatives Corporation (PINK: USEI) this week announced that it entered into a joint venture with Bulova Tech Labs Inc. to distribute a fuel product that has been designed to replace the existing formulation of gasoline.

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