Archive

Year: 2013

All Year: 2013 Articles

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Mosaic Company Earnings Hide Some Weakness Ahead

thinkstockThe Mosaic Co. (NYSE: MOS) reported fourth-quarter and fiscal-year 2013 results before markets opened this morning. The fertilizer maker reported diluted earnings per share (EPS) of $1.14 on revenues of $2.69 billion for the…

Paul Ausick · 13 years ago

EU Car Sales Fall Sharply in June as GM Get Destroyed

ThinkstockJune car sales in the European Union prove two things. First, that the recession in the region continues to cripple auto registrations at an extraordinary rate. And second, that it is time for General…

Douglas A. McIntyre · 13 years ago

Gas Prices Surge Toward $5 in California

ThinkstockMost of the focus on the rise in gas prices, caused by the surge in oil prices, has been the effect of the march toward $4 a gallon. The focus is misplaced, at least…

Douglas A. McIntyre · 13 years ago

IPO Filing: Third Point Reinsurance, Tied to Dan Loeb

ThinkstockThird Point Reinsurance Ltd. has submitted its paperwork with the Securities & Exchange Commission in order to come public via an initial public offering (IPO). The reinsurance outfit’s IPO terms are not included, but…

Jon C. Ogg · 13 years ago

Wall Street After-Hours: WhiteWave Foods, Joe’s Jeans

thinkstockPackaged food and dairy products maker WhiteWave Foods Inc. (NYSE: WWAV) announced preliminary data for its second quarter after markets closed today. The company said it would report net sales of $616 million and…

Paul Ausick · 13 years ago

J.K. Rowling Crime Novel Sales Up 507,000% to $10 Million a Day

ThinkstockSales of J.K. Rowling’s new crime novel are up 507,000% according to the BBC. The book, titled “The Cuckoo’s Calling,” was written under the pseudonym Robert Galbraith. Amazon.com Inc. (NASDAQ: AMZN) shows the “The…

Douglas A. McIntyre · 13 years ago

Ethanol Credits Hit All-Time Highs in the U.S.

ThinkstockWe have been on the price of ethanol credits since they rocketed to $1.00 earlier this year. Today, the price soared to $1.25, an increase of more than 2,000% since the beginning of the…

Paul Ausick · 13 years ago

Two Analysts Raising CONSOL in Coal Turnaround

ThinkstockCONSOL Energy Inc. (NYSE: CNX) is one of the top players in the battered and out of favor coal sector. With politics working against coal and environmental regulation perpetually on the rise, it would…

Jon C. Ogg · 13 years ago

Phillips 66 Set for IPO of Pipeline MLP

ThinkstockIn a move first discussed in March, Phillips 66 (NYSE: PSX) has filed an amended Form S-1 with the U.S. Securities and Exchange Commission (SEC) for the initial public offering (IPO) of 15 million…

Paul Ausick · 13 years ago

Eurozone Financial Stability Debt Rating Lowered

ThinkstockThe European Financial Stability Facility (EFSF) was established to provide a financial backstop to potential sovereign debt default among eurozone nations. Backed by guarantees, primarily from Germany and France, the debt was rated ‘AAA’…

Paul Ausick · 13 years ago

Merrill Lynch Raises 2013 Target to 1,750 for S&P 500

Bank of America Merrill Lynch is calling for additional upside for the S&P 500 Index. The firm’s new price target for 2013 is 1,750 versus a prior target of only 1,600. While the 1,600…

Jon C. Ogg · 13 years ago