by Nicholas Kusnetz, ProPublica, Feb. 3, 2011, 11:05 a.m. On Sept. 14, 2009, natural gas operators finished drilling the 3H well on the Lbros farm in southwest Pennsylvania. Just over four months later, they…
Today’s action is showing a very favorable move to Market Vectors Junior Gold Miners ETF (NYSE: GDXJ) after news that Newmont Mining Corporation (NYSE: NEM) is acquiring Fronteer Gold Inc. (AMEX: FRG). The $2.3…
For its first fiscal quarter of 2011, Viacom Inc. (NYSE: VIA) reported that profit fell -12% and revenue fell by -4.8% due mainly to weakness in the company’s film business. Viacom’s cable TV business…
Facebook is now worth $50 billion and has become the hottest property on the Internet. The problem is that the site may find it more difficult to generate revenue than many imagine. Despite the…
All that snow in January didn’t keep shoppers at home, apparently, as retailers posted a 4.2% increase in same-store sales for the month. That topped estimates that had started at 3.1% growth before falling…
Kinder Morgan, Inc. (NYSE: KMI) is soon to be public again. We have covered this on multiple occasions and listed it as one of our Top 17 IPOs to Watch in 2011. Unless things…
Rising commodity prices didn’t hurt fourth quarter earnings or revenues at Dow Chemical Co. (NYSE: DOW). The company posted EPS of $0.37 from profits of $511 million on revenue of $13.77 billion. Excluding items…
Another small internet search assistance company is being acquired. Answers.com, (NASDAQ: ANSW) is being taken private by AFCV Holdings, LLC, a portfolio company of growth equity investor Summit Partners. The total cash consideration is…
Newmont Mining Corporation (NYSE: NEM) is doing what we would have expected to see more of in late 2009 and into 2010. It is making an acquisition. The company is buying a Canadian company…
Active traders and day traders have many stocks to choose from this Thursday morning. We are tracking news and moves in shares of Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR), Hansen Medical, Inc. (NASDAQ: HNSN), On…
The U.S. Labor Department just released the weekly jobless claims and the reading fell by 42,000 down to 415,000. The week’s reading from a week ago was revised to 457,000 from 454,000. Dow Jones…
These are some of this Thursday’s top analyst calls with upgrades, downgrades, and initiations seen from Wall Street research firms. Anadarko Petroleum Corporation (NYSE: APC) Cut to Equal-Weight at Barclays. Arch Coal Inc. (NYSE:…
Economists cheered the ADP data that showed the private sector added 187,000 jobs in January. It did not help the stock market much but was probably offset by bad news from Egypt. The ADP…
Several industry groups and weather and securities analysts say that the cold and snowy first month of the year will hurt retail sales and airline traffic. That is almost certainly true. But, no one…
A judge said BP plc (NASDAQ: BP) $20 billion fund head Ken Feinberg is not independent of the oil company. (Reuters) Record snow will hurt retail sales. (Reuters) Poor weather will move food prices…