Business

More Oil Gets Freed Up

Congress has finally passed a bill that will allow oil companies to drill for the 1.26 billion barrels of oil that sit below the Gulf of Mexico south of the ...
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Citi’s M&A Addiction

Stocks: (C)(JPM)(BAC)(PUK)There is no amount of bad press or investor discontent that can keep Citigroup from buying new pieces to add to its empire. Now that the rumors of a ...
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GlaxoSmithKline May Benefit from Weak U.S. Dollar

GlaxoSmithKline (GSK) is a pharmaceutical stock which has outperformed the S&P with less volatility, and which may also benefit if the U.S. Dollar continues to weaken against European currencies. And ...
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Biotech & Medical Venture Deals Roundup

From BioHealth Investorby Adam RubensteinNeoVista, Inc. (Fremont, CA), an ophthalmic device company focused on the treatment of age-related macular degeneration, has raised $41M in Series C funding. Essex Woodlands Health ...
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Toyota Quickens It Pace (TM)(GM)

Like a champion marathon runner trying to put more distance between himself and his pursuers, Toyota is planning to streamline the way it makes cars and builds factories. Woe to ...
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Old Media Goes After YouTube?

Stocks:  (GOOG)(NWS)(VIA)(CBS)(GE)Late word is that News Corp's Fox, CBS, Viacom, and GE's NBC Universal are cooking up a plan to start a video website to compete with Google's YouTube. The ...
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Barclays: No B of A Bid (BAC)(BCS)

The head of Barclays sold shares in the bank to prove that Bank of America had made no bid, nor was it likely to. He could not sell of he ...
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Wal-Mart: Do A Good Job And Get Fired (WMT)(IPG)

Julie Roehm, the recently sacked head of advertising at Wal-Mart, may actually have been doing a good job. She did a good job and DaimlerChrysler, which landed her the Wal-Mart ...
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The Hamburger Economy: McDonald’s Sales Up, Again (MCD)(WMT)

McDonald's cannot be stopped with an elephant gun. The huge food chain announced November same store sales rose 6.2%. Premium coffee and promotional games seemed to be big contributors. US ...
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Bank of America And Barclays: Bad News

Stocks:  (BAC)(C)(BCS)Bank of America got a lot of press for passing Citigroup as the world's largest bank based on market cap. Now, it wants to make the same mistakes that ...
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Chevron Gains An Edge (COP)(CVX)

Chevron will increase capex 20% next year to almost $20 billion. Exploration of new fields in the Gulf of Mexico are expected to fuel much of this. Conoco, on the ...
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UAW Will Retreat As GM Rolls

Stocks:  (F)(GM)(DCX)(TM)It's all big talk at GM and maybe it should be. The largest auto maker says that 40% of US sales will come from new models. It plans to ...
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Vanda Schizophrenia Drug Meets Phase III Endpoint

From BioHealth Investorby H.S. AyoubBioHealthInvestor.comShares of Vanda Pharmaceuticals (VNDA) look to open much higher on Thursday as the company announced early that its antipsychotic drug iloperidone met the primary endpoint ...
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Thursday’s Top Biotech and Medical Stocks

From BioHealth Investorby Mark S. SenakAs the lame duck Senate gets ready to waddle off to their place in history, they have moved to pass S. 3546 - a bill ...
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Cramer Eats Crow

Negative stocks: SIRI, HSY, PNRA, RATE, FCramer went back over Sirius (SIRI), and said he is eating crow.  He said point blank right now that neither one of these will ...
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