After months of haggling with governments in the US and Europe along with IMF officials. the world’s largest sovereign funds have agreed that their investments in banks and corporations will not be a veiled…
Almost everyone with any schooling in the matter thinks that oil demand is dropping as the global economy slows. Hurricanes might take out some production, but that would be temporary and the government says…
Drilling into the jaw bone without Novocaine. The competition to maybe buy or maybe not buy Lehman (LEH) picks up a new angle everyday. The latest is a report by Reuters that HSBC and…
According to Reuters, oil fell another $1 to $109. Reuters writes that Coca-Cola (KO) will pay $2.5 billion for Chinese juice maker Huiyuan, Reuters writes that Google (GOOG) believes the its new browser will…
Coeur d’Alene Mines (CDE) Bad day for commodities stocks. Drifts down to $1.62 from 52-week high of $5.18 Newfield Exploration (NFX) Crude down $6. Bad day for oil exploration stocks. Falls to $39.98 from…
With a $6 a barrel drop in oil prices, this was supposed to be one of the best days of the year for the stock markets. The Nasdaq opened up 55 points at 2,402…
Chesapeake Energy (CHK) announced today that it will create a joint venture with the US division of BP plc (BP) that will give BP a 25% stake in Chesapeake’s Fayetteville Shale assets in exchange…
24/7 Wall St. asked Sprint (S) CEO Dan Hesse a few questions.Here are his answers. 24/7: Sprint has clearly had trouble with customer service which has shown up in studies like JD Power. You…
Merck (MRK) and Schering-Plough (SGP) make two of the most widely sold drugs in the world. One is cholesterol drug Zetia. Another is a related drug called Vytorin. The sales of the treatments topped…
The Commerzbank buy-out of Dresdner Bank was not a shotgun wedding. Neither institution was failing. The severe balance sheet problems facing may other global money center banks were not an important consideration. The Commerzbank…
Earlier this year, it did not take much to disrupt the price of oil and send it rocketing up. The market was inclined to believe that almost all news about crude was bad news.…
In his latest column for The New York Times, Mark Hulbert discusses a study that shows that companies that invest aggressively in research and development tend to reward shareholders with strong returns over the…
According to Reuters, the manufacturing sector probably did not grow in August Reuters reports that it appears Gustav did little damage to oil rigs and refineries. Reuters reports that the Korea Development Bank confirmed…
Markets in Asia fell. The Nikkei was off 1.8% to 12,609. Bridgestone was up 3.5% to 1850. Canon was down 7.3% to 4670. The Hang Seng dropped 1% to 20,689. China Life (LFC) rose…
Microsoft’s (MSFT) Internet Explorer has dominated the browser world for nearly a decade. It has also been part of legal accusations that the world’s largest software company used the ubiquity of its operating systems…