eBay HAMMERED for Freeze Policy and 4 Morning Hot Stocks Not to Miss

Bon-Ton Stores (NASDAQ:BONT) same-store sales were flat. Total sales fell 0.1 percent to $173.4 million.

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BHP Billiton (NYSE:BHP) is prepared to postpone a $20 billion port expansion plan in Australia, according to a memo from the company’s iron ore chief, who says that the resources industry is “facing numerous challenges including substantial capital and operating cost escalation and decreasing commodity prices.” Mining contractors located in Perth have apparently already started laying off workers.

eBay (NASDAQ:EBAY) experiences heat from a new policy allowing the company to temporarily freeze the accounts of suspicious PayPal users. The anti-fraud measures have hammered users ranging from individual sellers to start-up companies running afoul of an algorithm running behind the scenes.

Buckle (NYSE:BKE) same-store sales fell 1.0 percent, but it still beats the consensus of down 1.2 percent. Total sales increased 2.4 percent to $66.2 million.

Wet Seal (NASDAQ:WTSLA) same-store sales dropped 15.6 percent missing its consensus of down 14.0 percent. Total sales fell 12.9 percent to $40.4 million.

Oracle (NASDAQ:ORCL) may be forced to pay H-P (NYSE:HPQ) damages totaling billions of dollars following the latter’s victory in a dispute regarding support for Intel’s (NASDAQ:INTC) high-end Itanium server CPUs, according to the FT. An independent study that H-P commissioned calculates that the company has suffered lost sales reaching $500 million since Oracle claimed it would cease supporting Itanium, with total losses possibly reaching $4 billion by 2020.

General Motors (NYSE:GM) posted a $1.965 billion profit in North America, helping to offset a $361 million European loss. Automotive cash and marketable securities have increased 3.5 percent year over year to $32.6 billion.

Limited Brands (NYSE:LTD) reports a same-store sales increase of 12 percent in July. The results were good enough to prompt the company to raise its FQ2 EPS forecast to $0.46-$0.48, from its previous guidance of $0.40-$0.45. Also, the retailer claims it will pay a special $1 per share dividend to shareholders.

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