Total Dumps Canadian Oil Sands Project for $1.65bn Loss
France’s Total S.A. (NYSE: TOT) will sell its 49% stake in its Canadian oil sands project to Suncor Energy Inc. for $500 million, netting the French oil giant a $1.65 billion loss on the…
Archive
Year: 2013
All Year: 2013 Articles
Newest first · Page 328Nasdaq Wants to Add More ETF Market Makers, Offers Liquidity Rebating
ThinkstockThe NASDAQ OMX Group Inc. (NASDAQ: NDAQ) must be having some serious ETF Envy, or maybe the electronic financial exchange just wants to get whatever additional crumbs and pieces of the pie that it can…
How Long Will the LNG Train Keep a-Rollin’?
ThinkstockInterest in liquefied natural gas exports is spreading globally. This week, British energy company Centrica announced plans to get LNG from the southern United States and Shell last month plunked down $6 billion for…
Exxon Oil Spill in Arkansas, Keystone Spoiler?
ThinkstockThe rupture of an Exxon Mobil Corp. (NYSE: XOM) pipeline on 29 March in Mayflower, Arkansas, just northwest of Little Rock, adds to Keystone XL’s woes as the public tallies recent oil spills and…
Bill Gross of PIMCO Rates Himself and Peers in Investment Outlook
ThinkstockBill Gross of PIMCO has retained his title as “The Bond King” even if he had to take a lot of heat over his “Death of the Cult of Equities.” In his April 2013…
Airlines Hit by Federal Budget Cuts
ThinkstockUS Airways Group Inc. (NYSE: LCC) reported today that March traffic rose 5.1% year-over-year as measured by revenue passenger miles. Available seat miles rose by 3.2% over March 2012, and load factor came in…
Addressing the Unusual Netflix Trading
courtesy of NetflixNetflix Inc. (NASDAQ: NFLX) is playing a serious game of give back after it was the top S&P 500 stock in the first quarter. Shares doubled yet again during the bull market’s…
Crude Price Falling After Inventory Report
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories increased by 2.7 million barrels last week, bringing the total U.S. commercial crude inventory to 388.6…
Argus Model Portfolio Change Adds Newmont and Unloads Monsanto
ThinkstockArgus offers investors what is generally considered to be truly independent research. The firm has none of the possible conflicts of interest that you might see from traditional Wall St. sell-side firms because the…
Weak ISM Non-manufacturing Confirms Weak Manufacturing Report Ahead of Earnings Season
ThinkstockWednesday brought about the report from the Institute for Supply Management in the non-manufacturing sector. The ISM non-manufacturing figure for March came in 54.4%. Unfortunately that is shy of the 56.0% expected by Bloomberg,…
Real-Money Gambling Goes Live
ThinkstockToday’s launch of real-money gambling in the United Kingdom has sent shares of Zynga Inc. (NASDAQ: ZNGA) soaring this morning. The anticipated launch in a partnership with Bwin.party Digital Entertainment is viewed as the…
Another Gold Mine Strike, More Woes for Gold (GFI, GDX)
ThinkstockMining for gold and other metals is a messy business. In some cases, the public might just want to think of it like boudin because no one wants to know how it comes together.…
Hyundai Recall, Another Black Eye
courtesy of Kia MediaAfter the mileage debacle Hyundai and Kia faced when they misstated, to their advantage, MPG on a number of their cars, the companies have been hit by another disaster. According to…
Boston Scientific Downgrade — Valuation or Turnaround Risk?
Boston Scientific Corp. (NYSE: BSX) is in a long-term turnaround that frankly just feels like it never really has turned around. Or has it? We can criticize the mistakes of management from before the…
Biggest Increase in Home Prices Since 2006 — CoreLogic
ThinkstockHome prices rose 10.2% in February, compared with the same month a year ago. That was the largest monthly increase since March 2006, according to research firm CoreLogic Inc. (NYSE: CLGX). The firm had…