ThinkstockMarkit issued manufacturing purchasing managers index (PMI) numbers for June for France, Italy and Spain. The figures painted a picture of a region still in recession with some modest improvements in pockets. Markit reported…
ThinkstockIt’s official. The manufacturing sector of China has reached a dead halt. June purchasing managers index (PMI) was 50.1%, just a tad above the point of contraction. The number is inaccurate enough the contraction…
June 28, 2013: U.S. equity markets opened lower this morning after a few days of stronger openings, mainly because investors were waiting for some economic data. They didn’t have to wait long as the…
Restaurant chain Noodles & Company (NASDAQ: NDLS) held its initial public offering (IPO) today, selling 5.4 million shares at $18 a share. The stock has since doubled, the first IPO of the year to…
courtesy of Sprint Corp.There has never been much question that the value of Clearwire Corp. (NASDAQ: CLWR), either to Sprint Nextel Corp. (NYSE: S), Dish Network Corp. (NASDAQ: DISH), or SoftBank, lay in the…
ThinkstockGold futures for August delivery opened just shy of $1,200 an ounce this morning on the Comex, and have since gained more than 6% to trade right around $1,217. But the good news ends…
courtesy of SamsungFor the three months ending in May 2013, Samsung Electronics closed the market share gap slightly between itself and Apple Inc. (NASDAQ: AAPL) in the U.S. market. Apple’s share of smartphone sales…
ThinkstockTwo U.S. aluminum smelters, two more in Spain, and one in Italy have already been shut down by Alcoa Inc. (NYSE: AA) as the aluminum fabricator and miner tries to come to grips with…
ThinkstockThe impact of biofuel production on food prices has been disputed not so much on the basis of whether there is such an impact, but rather about the dimension of that impact. Many have…
ThinkstockThe preliminary June reading on the Thomson Reuters/University of Michigan consumer sentiment reading came in at 82.7. Today’s final June reading rose to 84.1, above a consensus estimate of 83, but slightly below a…
ThinkstockThe Institute for Supply Management – Chicago reported that its purchasing managers’ index (PMI) reading for June fell to 51.6. That is down from a 14-month high of 58.7 in May, and well below…
ThinkstockOne sure way of making money in coal mining these days is to find a buyer for your mining assets. That is what Arch Coal Inc. (NYSE: ACI) did this morning, and its stock…
ThinkstockA purchase of the Financial Times is once again being discussed, and the buyers are said to Rupert Murdoch’s News Corp. (NASDAQ: NWSA) and the state-controlled Abu Dhabi Media Group. A report in a…
ThinkstockAs the Federal Reserve moves down the path of asset purchases intended to produce “substantial improvement” in employment while keeping inflation under control, markets are demanding more precise information about the conditions that would…
ThinkstockThe technology research analysts at UBS A.G. (NYSE: UBS) believe that the U.S technology sector is trading at an unjustified discount to the broader market despite its solid growth. Historically, investors have been well…