ThinkstockOil field services firm Nabors Industries Ltd. (NYSE: NBR) warned on second-quarter earnings after markets closed last night. The Bermuda-based firm said that it now projects operating income for the quarter in the range…
ThinkstockData centers are the backbone of the Internet. Gartner estimates that given current rising levels of data use, global data center demand will rise 7% on a compounded annual growth rate (CAGR) from now…
ThinkstockFamily Dollar Stores Inc. (NYSE: FDO) reported third-quarter fiscal 2013 results before markets opened this morning. The discount retailer reported diluted earnings per share (EPS) of $1.05 on revenues of $2.57 billion. In the…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a drop of 4% in the group’s seasonally adjusted composite index, following a drop of nearly 12% for the…
ThinkstockAngela Merkel is likely to be elected to a third term as Chancellor of Germany, an office she has held since 2005. If she does win, the nation’s leverage in the fight for austerity…
By International Monetary Fund , via Wikimedia CommonsBarely buried in the new International Monetary Fund (IMF) forecast for global growth was the prediction for U.S. gross domestic product (GDP) improvement for 2013 and 2014.…
TwitterOne of the tactics Twitter has adopted to increase its ad revenue is to put sponsored tweets among the normal tweets in people’s Twitter feeds. The tactic has backfired to a great extent, as…
ThinkstockIn an action that is likely to cause deep concern among America’s largest banks: The Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC)…
ThinkstockChina’s exports dropped 3.1% in May, which is viewed as more evidence the Chinese economy is slowing. PMI data has recently confirmed the trend as have downward revisions in GDP improvement from both public…
ThinkstockAlthough it is hard to believe, the United States may have started to make progress in talks with China over its shameless hacking of government and private Web properties. American investigators believe that they have…
Restoration HardwareA filing was made last week by Restoration Hardware Holdings Inc. (NYSE: RH) to allow its insiders and backers to sell shares in a secondary offering. While the stock has almost doubled since…
ThinkstockIntrexon Corp. has filed its paperwork with the Securities and Exchange Commission to allow the company to come public in an initial public offering. No formal financial terms have been set for the initial…
ThinkstockA Gulf of Mexico oil well that has been inactive for 15 years began leaking gas condensate late Monday as workers were pluggiing the well for permanent abandonment. Five workers were safely evacuated from…
Adrian Pingstone, via Wikimedia CommonsFedEx Corp. (NYSE: FDX) may soon have a new friend and foe alike. Market rumors have been out on Tuesday that activist investor Bill Ackman may be taking a large…
July 9, 2013: U.S. equity markets opened higher this morning on a day when there was no economic data due from the U.S. and only a bit from the rest of the world. In…