PepsiCo Activist Breakup: Making the Stock Double!
Trian Fund Management, under Nelson Peltz, owns a stake more than $1.3 billion in shares of PepsiCo Inc. (NYSE: PEP). Now the fund group is becoming more of an activist as the group has…
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Year: 2013
All Year: 2013 Articles
Newest first · Page 182U.S. Approves Pipeline to Canada — Not That One Though
Thinkstock An 80-mile-long chunk of the Vantage Pipeline system to carry ethane gas from North Dakota to Alberta has been approved by the U.S. State Department and the President. Ethane is used as a…
Why Carl Icahn Will Win the Dell Buyout over Michael Dell
Dell Inc. (NASDAQ: DELL) is one of the most controversial buyouts in recent memory, certainly when you consider the size of this transaction going well above $20 billion. The fight between Carl Icahn and…
Fed’s Beige Book Describes “Modest to Moderate” Growth
ThinkstockThe U.S. economy continued to increase at a “modest to moderate pace” according to today’s release of the Federal Reserve’s latest Beige Book. Employment, one of the key drivers of the Fed’s monetary policy…
What American Express Did Not Say in Its EU Rebuttal
ThinkstockIf you knew one thing was coming it would be that American Express Co. (NYSE: AXP) would issue a statement after reports surfaced that the European Commission was drafting new proposals of regulation for…
Five Billion Reasons Google Needs to Sweeten Offer to Avoid EU Antitrust Action
courtesy of Google Inc.Google Inc. (NASDAQ: GOOG) dominates search in Europe even more than it does in the U.S. Fully 90% of all searches originating in European Union (EU) countries go to Google, and…
Oil Refiner Stocks May Offer One Value Play
ThinkstockCrude oil refiners have taken some heavy hits in the past couple of months. Because the cost of crude contributes about 65% to the price of gasoline, gas prices have remained high, but refiners’…
Crude Oil Futures Rise on Sharp Inventory Decline
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories dropped by 6.9 million barrels last week, maintaining a total U.S. commercial crude inventory to 367…
Argus Lowers Apple and iPhone Expectations Ahead of Company Earnings
courtesy of AppleApple Inc. (NASDAQ: AAPL) will be one of the most closely watched company earnings reports this earnings season. After all, it is still the darling of the consumer electronics world, even if…
Barclays Refusing to Pay $470 Million U.S. Penalty
ThinkstockU.K.-based Barclays PLC (NYSE: BCS) is refusing to pay fines totaling $470 million levied against the bank by the U.S. Federal Energy Regulatory Commission (FERC) related to electricity trading by four former traders who…
Ben Bernanke Delivers Calming Testimony on QE End and Tapering to Congress
courtesy U.S. Federal ReserveFederal Reserve Chairman Ben Bernanke is testifying in his semiannual report to the Congress on Wednesday. The stock, bond, commodity and currency markets are trying to find anything new or any…
New Housing Starts, Building Permits Drop in June
ThinkstockThe U.S. Census Bureau and the Department of Housing and Urban Development reported this morning that new housing starts in June fell to an annual seasonally adjusted rate of 836,000, a decrease of 9.9%…
Top 10 Analyst Upgrades and Downgrades: Adobe, Ciena, Linn Energy and More
These are the top analyst upgrades, downgrades and initiations from select Wall Street research calls on Wednesday, July 17, 2013. They include Adobe Systems, Ciena, McDonald's and Wells Fargo.
UBS Positive on Select Internet and Interactive Gaming Stocks
ThinkstockIt should come as no surprise to investors that Internet usage has skyrocketed in the past 10 years. The smartphone, which seemed like a luxury five years ago, has become almost ubiquitous, with pricing…
Abbott Labs Company Earnings Light on Revenues
ThinkstockAbbott Laboratories (NYSE: ABT) reported second-quarter 2013 results before markets opened this morning. The drugmaker reported adjusted diluted earnings per share (EPS) of $0.46 on revenues of $5.45 billion. In the same period last…