ThinkstockThe Institute for Supply Management (ISM) has issued its report on business for the manufacturing sector, showing that growth resumed in June after contracting in the prior month. ISM’s report was back up at…
ThinkstockThe current 2013 heat wave in the West is becoming almost unbearable. It has been extremely hot in Las Vegas and in the desert region of the western United States. The power companies are…
ThinkstockThe Dow Jones Industrial Average is still technically in a bull market with gains of 13.7% so far in 2013. Despite a rough market in June, the DJIA is up so far in 2013,…
thinkstockThe owner of the Los Angeles Times, the Chicago Tribune and other major daily newspapers is spending about $2.73 billion to acquire 19 TV stations in 16 markets. The Tribune Company already owns superstation…
ThinkstockSlower-than-expected Chinese growth and Federal Reserve tapering discussions have severely affected the commodity world. Strengthening of the U.S dollar, unwinding of the global carry-trade and tame global inflation also have played their part in…
These are the top analyst upgrades, downgrades and initiations from select Wall Street research calls on Monday, July 1, 2013. They include Apple, BlackBerry, 3M and Best Buy.
ThinkstockThe world of biotech investing is always a difficult one. Often a binary event, such as a Food and Drug Administration (FDA) approval or a life-saving capital raise, is the difference between not only…
ThinkstockThat summer camping trip just got a little bit cheaper. The average price of a gallon of regular gas has dropped seven cents in the past week, from around $3.56 to $3.49. A month…
ThinkstockCancer-drug developer Onyx Pharmaceuticals Inc. (NASDAQ: ONXX) issued a terse press release yesterday, saying it had “received and rejected” a buyout offer from Amgen Inc. (NASDAQ: AMGN) for $120 per share. Shares of Onyx…
courtesy of Nokia Corp.Partners in huge global joint ventures rarely drop out of them if they believe the future is positive. Nokia Corp. (NYSE: NOK) bought Siemens out of a joint venture that builds…
ThinkstockPurchasing managers index (PMI) data for the eurozone continued to be awful in June, although research firm Markit reported that numbers got slightly better. The improvement was no cause for celebration. The region continues…
courtesy Best Buy Co. Inc.Shares in Best Buy Co. Inc. (NYSE: BBY) rose 25% in the second quarter. J.C. Penney Co. Inc.’s (NYSE: JCP) stock was up 15%, in contrast to a 3% rally…
ThinkstockAfter work and sleep, most Americans have eight hours left of their day to spend as they please. How much time Americans spend watching TV, getting exercise, cleaning and playing sports depends on whether…
ThinkstockBy way of contrast, during the depths of the U.S. recession, unemployment peaked at 10.1%. Eurostat announced that May unemployment in the euro area hit 12.1% in May, staggering given the fact that the…
ThinkstockGermany did not join the parade of European Union (EU) nations which showed very, very modest improvements in manufacturing purchasing managers index (PMI). France, Spain and Italy continue to post contractions, albeit at a…