U.S. equity markets opened lower this morning and were never able to shake off the doldrums as stocks traded below the break-even line all day. There was little data out in either Asia or…
ThinkstockThe U.S. Securities and Exchange Commission (SEC) said today that the CR Intrinsic unit of hedge fund SAC Capital has agreed to pay $600 million to settle insider trading charges brought by the SEC…
ThinkstockStandard & Poor’s Ratings Services today revised upward its outlook on the city of Detroit’s general obligation bonds, from ‘negative’ to ‘stable. The ratings upgrade affects the city’s unlimited- and limited-tax general obligation bonds…
ThinkstockFor a while there it looked like satellite TV operator DirecTV (NASDAQ: DTV) might end up writing a rather large check to Vivendi to pay for the French media company’s Brazilian unit, GVT. But…
ThinkstockThe U.S. Environmental Protection Agency (EPA) released its annual report on U.S. automobiles’ fuel economy today, and the preliminary projections for model year 2012 cars is the highest ever — 23.8 miles per gallon.…
Brian Solis, via Wikimedia CommonsInternet jobs site Glassdoor has released its list of the top 50 U.S. CEOs, based on employee feedback, for the past 12 months through February 27. The company asked the…
ThinkstockThe Thomson Reuters/University of Michigan consumer sentiment index took a surprising nosedive in March, falling from a final February reading of 77.6 to a preliminary March reading of 71.8, the lowest since December of…
ThinkstockThe Federal Reserve reported this morning that U.S. industrial production rose 0.7% month-over-month in February, following a flat reading in January. The total index rose to 99.5, up from a revised 98.8 in January.…
Frank Golhen, via Wikimedia CommonsThe stock market has come a long way since the dark days of March 2009. The Dow Jones Industrial Average has been up 10 days in a row. The last…
ThinkstockThe Federal Reserve Bank of New York’s Empire State manufacturing index fell slightly in March, from a February reading of 10 to a new reading of 9.2. Any number above zero indicates expansion. This…
Ed Brown, via Wikimedia CommonsThe U.S. Labor Department this morning reported that the Consumer Price Index (CPI) for February rose 0.7%, led by a 9.1% spike in gasoline prices. CPI is up 2% over…
Brian Katt / Wikimedia Commons / GNU Free Documentation LicenseThe annual stress tests on the biggest U.S. banks produced a few surprises when the results were announced last night. The capital plans submitted by…
ThinkstockWe reported yesterday that the EMC Corp. (NYSE: EMC) and VMware Inc. (NYSE: VMW) strategic forum in New York City was used as a platform to not only showcase earnings and prospects for the…
ThinkstockOnce an investor’s darling, Molycorp Inc. (NYSE: MCP) has not aged well. The rare earths miner’s shares hit a post-IPO high of around $75 a share in April 2011, but the decline since then…
courtesy Boeing Co.Boeing Co. (NYSE: BA) has said, once again, that its deeply trouble 787 will take to the air again soon. Battery problems with the plane have kept it grounded for two months.…