oil rig

Ocean Rig Partners Files for IPO — From DryShips

Ocean Rig Partners L.P. filed its F-1 form with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO). No terms were given for the offering, but ...
Read Full Story »

Chevy Pushes 24-Hour Online Buying Service

Chevy thinks it can sell more cars and light trucks if consumers can buy them 24 hours a day. Whether the nocturnal crowd can help boost sales is too early ...
Read Full Story »
Oil Tanker

Frontline Tankers May Restructure

This has not been a good week for Norwegian shipping magnate John Fredriksen. On Wednesday Seadrill Ltd. (NYSE: SDRL), the Fredriksen-controlled offshore drilling firm, posted a solid beat on earnings, ...
Read Full Story »

Very Mixed Analyst Bag on Shipping and Tankers

Canaccord Genuity has issued a very mixed report on the tanker and shipping companies that move energy products around the globe. 24/7 Wall St. gave the coverage of these and ...
Read Full Story »
shipping boxes

UPS: Bigger Boxes Mean Higher Prices

The one-size, one-price strategy employed off and on by the U.S. Postal Service, United Parcel Service Inc. (NYSE: UPS) and FedEx Corp. (NYSE: FDX) has come to an end. The ...
Read Full Story »

Old Dominion Freight Line Delivers Good News for Investors

Since reporting Q1 earnings last month, less-than-truckload weight (LTL) trucker Old Dominion Freight Line (NASDAQ: ODFL) shares have stomped the gas, and rushed ahead 12% already. This week, the company ...
Read Full Story »
Dry Bulk Ship

The Mysterious Rise Behind NewLead Shipping

NewLead Holdings Ltd. (NASDAQ: NEWL) jumped from a penny stock last Thursday when the dry bulk shipping company enacted a one-for-50 reverse stock split so that the company's shares would ...
Read Full Story » logo

Amazon’s Sunday Delivery an Effort to Retain Sales

Residents of 15 more U.S. cities are now eligible for Sunday delivery of their orders from Inc. (NASDAQ: AMZN). The company launched the service last November in New York ...
Read Full Story »
Bulk ship

Making Heads or Tails of Dryships Earnings Release

Dryships Inc. (NASDAQ: DRYS) has reported its fourth quarter earnings. The drybulk and petroleum products marine transportation services provider reported a net loss of $24.4 million, or a -$0.06 loss ...
Read Full Story »
Oil Tanker

Kinder Morgan Goes Big Into Marine Tankers With Nearly $1 Billion Purchase

Kinder Morgan Energy Partners L.P. (NYSE: KMP) announced on Monday that it has entered into an agreement to acquire American Petroleum Tankers (APT) and State Class Tankers (SCT) for nearly ...
Read Full Story »
WMT strike Black Friday 2012

Walmart’s “$10 Or Less” Item Black Friday Sale

If discounts are the stuff of Black Friday's allure, then Walmart (NYSE: WMT) has set enough products which sell for $10 or less to draw nearly every shopper. In the ...
Read Full Story » logo

Amazon’s $1 Item Black Friday Sale

While J.C. Penney (NYSE: JCP) and Walmart (NYSE: WMT) have run ads in newspapers and online around the country to get shoppers through their doors in a desperate attempt to take ...
Read Full Story »
USPS Sorting Center

When Will People Stop Using Mail As First Class Postage Price Rises

The United States Postal Service made two announcement recently. First, it announced a $5 billion annual loss. It also said the price of a first class stamp would rise from $.46 ...
Read Full Story » logo

Amazon Sunday Delivery Poses Threat to Retailers Inc.'s (NASDAQ: AMZN) challenge to large retailers is not just that it does not need physical stores to do business, nor that it has one of the most visited ...
Read Full Story »
FedEx Corporation logo

FedEx Forecasts Early Peak in Holiday Shipping

FedEx Corp. (NYSE: FDX) expects December 2 to be its peak shipping day this holiday season. Most analysts believe this means e-commerce will rob bricks-and-mortar companies of sales. The activity of the last-minute mall shopper ...
Read Full Story »