Archive

Year: 2013

All Year: 2013 Articles

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OPEC Lowers Forecast on Demand for Its Own Crude

ThinkstockThe Organization of Petroleum Exporting Countries (OPEC) released its March Oil Market Report this morning. The cartel did not change its forecast for global demand growth of 800,000 barrels a day to a total…

Paul Ausick · 14 years ago

Banks Foreclosing on the Most Homes

ThinkstockThe housing market is clearly improving. According to the National Association of Realtors, existing home sales have risen and distressed mortgages account for a smaller part of those sales. Close to a million home…

Mike Sauter · 14 years ago

Lexington Realty Raises Capital After Big Share Gains

ThinkstockLexington Realty Trust (NYSE: LXP) has joined the waves of other companies raising capital by secondary stock offerings. The single tenant-REIT has priced an underwritten registered public offering of 20,000,000 common shares at a…

Jon C. Ogg · 14 years ago

Small Business Confidence Struggles Continue

ThinkstockThe National Federation of Independent Business (NFIB) this morning reported a rise of 1.9 points in its small business optimism index, from 88.9 in January to 90.8 in February. The NFIB noted that the…

Paul Ausick · 14 years ago

Costco: Profits Depend on Membership Fees

ThinkstockCostco Wholesale Corp. (NASDAQ: COST) reported second-quarter fiscal 2013 results before markets opened this morning. The warehouse club retailer reported diluted earnings per share (EPS) of $1.24 on revenues of $24.34 billion. In the…

Paul Ausick · 14 years ago