April CPI was released from the Labor Department with a nominal rate of +0.2% and a core rate of +0.1%. According to Bloomberg estimates, those expectations were +0.3% on nominal CPI and and +0.2%…
The cost of food in the US was up .9% last month, the highest increase in 18 years. The news reinforces the concern that the rising price of agricultural commodities is taking a toll…
Fluor Corporation (NYSE:FLR) won a contract from Scottish & Southern Energy to construct a 500 MW wind farm, the world’s largest, off the coast of Suffolk in the UK. Fluor will book the $1.8…
Annaly Capital Management, Inc. (NYSE: NLY) has priced its public secondary stock offering of 60 million shares of common stock at $16.15 per share. The gross proceeds are about $969.0 million before fees, and…
These are some of the top analyst calls we are looking at this Wednesday morning: ADC Telecom (NASDAQ: ADCT) raised to Buy from Hold at Jefferies. Alexion Pharma (NASDAQ: ALXN) started as Buy at…
Perhaps someone could have figured this out a year ago, Social networks like MySpace, owned by News Corp (NWS) and Facebook are poor targets for marketers. No wonder. A social network is a patch…
Somewhere between The Wall Street Journal and The New York Times, the signals got crossed. After Sony’s earnings announcement, Rupert Murdoch’s paper ran a headline saying "PC, Camera, Flat-Screen Sales Help Sony Swing To…
Wal-Mart (WMT) is setting up standards for toy makers which are much tougher than those issued by the Feds. It wants its customers to know that is it cracking down, especially on dangerous products…
Food or a roof over your head? Without food people die. Without a home, they just get wet and cold. The rising prices of commodities like wheat, corn, and rice is driving up food…
For someone who buys 600 gallons of gas at a price per gallon which is $1 higher than it was last year, a $600 federal tax rebate is not much comfort. Merrill Lynch sees…
Wall St. bonuses will be down sharply in 2008. One would hope so. Management at the lower tip of Manhattan has cost investors hundreds of billion of dollars in lost market cap in big…
Usually the White House does what it can to hide bad news. It is rule of politics never to admit troubling information. Hurts the party and national morale. Odd then, that the Administration is…
Anyone who does not think that insurance regulators have done what they can to keep credit ratings high at Ambac (ABK) and MBIA (MBI) is a chump. With their tremendous losses and risk in…
According to Reuters, lenders and Clear Channel (CCU) have reached an agreement for an LBO of the company. Reuters writes that Carl Icahn may mount a proxy fight for control of Yahoo! (YHOO) Reuters…
Markets in Asia were mixed with most indexes up. The Nikkei rose 1,2% to 14,119.’ Docomo (DCM) was 2.6% to 159000.Sony (SNE) was up 1.3% to 4850. Yahoo Japan was up .9% to 45850.…