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Closing Bell for Friday on Wall Street: Stock Markets Open Higher Today, March Upward

Posted: May 17, 2013 at 4:06 pm

U.S. equity markets opened higher this morning, taking advantage of buying opportunities after yesterday’s slide in equities’ prices. In the U.S., the Thomson Reuters/University of Michigan consumer sentiment index and ...
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Offshore drill rig

Icahn Wins One, Loses One at Transocean Shareholder Meeting

Posted: May 17, 2013 at 2:12 pm

Activist investor Carl Icahn had proposed that the world’s largest offshore drilling firm, Transocean Ltd. (NYSE: RIG), pay shareholders a one-time dividend of $4 a share and to replace 3 ...
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Manufacturing

State Unemployment Rates Post Little Change in April

Posted: May 17, 2013 at 1:04 pm

The US Bureau of Labor Statistics (BLS) today released its data on state and regional unemployment for April. Compared with March data, unemployment rates fell in 40 states and the ...
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Railroad Oil Tank Cars

Rail Cars Fill Up with Crude Oil, While Grain and Coal Shipments Remain Soft

Posted: May 17, 2013 at 11:50 am

In its weekly report issued yesterday, the Association of American Railroads (AAR) noted that rail carloads of petroleum rose 50.8% in the week, compared to the same week a year ...
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Tableau Software: Big Data IPO Goes out Above Expected Range, Shares Spike Higher

Posted: May 17, 2013 at 10:45 am

Seattle-based software maker Tableau Software Inc. (NYSE: DATA) begins trading today following an initial public offering (IPO) of 8.2 million shares at a price of $31 a share. The offering ...
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Consumer Sentiment Index, Leading Economic Indicators on the Upswing Again

Posted: May 17, 2013 at 10:30 am

Consumer sentiment as measured by the University of Michigan/Thomson Reuters index jumped from a weak 76.4 reading in April to a more robust 83.7 in May. Economists had expected a ...
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Oil Tanker

European Union Investigates Crude Oil Price-Fixing

Posted: May 17, 2013 at 9:10 am

Two days ago, officials of the European Commission (EC), the executive arm of the European Union, raided the offices of Royal Dutch Shell PLC (NYSE: RDS-A), BP PLC (NYSE: BP), ...
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McDonald's Big Mac

Deutsche Bank Likes Five Top Restaurant Stocks for the Summer

Posted: May 17, 2013 at 8:30 am

Restaurants, like any other retail stock, are dependent on a reasonably strong and healthy consumer. The gradual improvement in the job picture and the economy may bode well for the ...
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Tesla Model S

Tesla Motors Rides All-Time High, Offers More Stock, New Debt

Posted: May 17, 2013 at 8:15 am

Electric carmaker Tesla Motors Inc. (NASDAQ: TSLA) is issuing up to 3.9 million new shares at a non-discounted share price of $92.24, striking while the iron is hot and investors ...
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Cell Tower detail

Oppenheimer Offers Communication, Wireless and Cloud Stocks to Buy

Posted: May 17, 2013 at 8:00 am

Wireless continued to be a strong performing sector in the first quarter. While competition continues to squeeze margins, the need for speed and data is becoming the most important part ...
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Not a Good Day for Retailers: J.C. Penney, Nordstrom, Stage Stores Earnings Come Up Short

Posted: May 17, 2013 at 7:40 am

After markets closed last night, J.C. Penney Co. Inc. (NYSE: JCP) and Nordstrom Inc. (NYSE: JWN) reported quarterly results that did not meet expectations. This morning, before markets opened, Stage ...
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airplane

Brace for Record Air Traffic in U.S. This Summer

Posted: May 17, 2013 at 7:10 am

For those who do not have to travel by air this summer -- don't. The number of seats filled will hit near-record levels. Airports will be crowed, in many cases where ...
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Bill Gates 2012 World Economic Forum

Bill Gates Tops Bloomberg Billionaires — for Now

Posted: May 17, 2013 at 7:05 am

In the battle of the billionaire lists, Forbes has held the high ground for years. Now, Bloomberg Billionaires has taken a prominent spot in media coverage. That was boosted yesterday when ...
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VWJettaSportwagenTDI

European Auto Sales See a Bounce in April

Posted: May 17, 2013 at 7:00 am

The European Automobile Manufacturers Association reported that regionwide car sales rose for the first time in a year and a half: In April, the EU market of new passenger cars grew ...
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Dell HQ

J.C. Penney Earnings and Dell Revenue Show Recovery May Be Near

Posted: May 17, 2013 at 6:45 am

The earnings reports of J.C. Penney Co. Inc. (NYSE: JCP) and Dell Inc. (NASDAQ: DELL) show that revenues at each company finally may have found bottoms. This sets a stage ...
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