Archive

Year: 2013

All Year: 2013 Articles

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Positive Predictions for U.S. Pump Prices

ThinkstockBy Jen Alic of Oilprice.com Prices at the US pump are on the rise again for the first time since October, but the good news is—according to analysts—this year should see overall lower gas…

Mike Sauter · 14 years ago

$14 Billion Write-Down Costs Rio Tinto CEO His Job

ThinkstockMining giant Rio Tinto PLC (NYSE: RIO) said this morning that the company expects to take a noncash impairment charge totaling $14 billion in its full-year 2012 results. Rio Tinto’s CEO, Tom Albanese, and…

Paul Ausick · 14 years ago

Weekly Jobless Claims Hit Lowest Level Since 2008

ThinkstockThe U.S. Labor Department is out with its weekly jobless claims and the news looks rather good on the surface. In fact, if this can be repeated for two more weeks, it is very…

Jon C. Ogg · 14 years ago

Sharp Rise in Housing Starts

ThinkstockThe U.S. Census Bureau and the Department of Housing and Urban Development reported this morning that new housing starts in December rose to an annual seasonally adjusted rate of 954,000, a sharp increase of…

Paul Ausick · 14 years ago

Citigroup Posts Big Miss, Shares Fall

ThinkstockCitigroup Inc. (NYSE: C) shared its fourth-quarter and full-year 2012 results before markets opened this morning. The bank reported adjusted diluted quarterly earnings per share (EPS) of $0.69 on revenues of $18.66 billion. In…

Paul Ausick · 14 years ago

Charges Hammer Bank of America Earnings

Brian Katt / Wikimedia Commons / GNU Free Documentation LicenseBank of America Corp. (NYSE: BAC) reported fourth-quarter and full-year 2012 results before markets opened this morning. The mega-bank reported diluted quarterly earnings per share…

Paul Ausick · 14 years ago

UnitedHealth Earnings Good, but Not Exciting

ThinkstockUnitedHealth Group Inc. (NYSE: UNH) reported fourth-quarter and full-year 2012 results before markets opened this morning. The health insurance and benefits management firm reported diluted quarterly earnings per share (EPS) of $1.20 on revenues…

Paul Ausick · 14 years ago

Michael Dell’s Role in Dell Buyout Questioned

courtesy Dell Inc.Private equity firm Silver Lake Partner’s rush to fund a buyout of Dell Inc. (NASDAQ: DELL) has accelerated. And investors have begun to ask if founder Michael Dell has a conflict of…

Douglas A. McIntyre · 14 years ago

GM Promises Cheaper Chevy Volts

courtesy of General MotorsGeneral Motors Co. (NYSE: GM) said it will offer better prices on the next generation of Chevy Volts, the car company’s flagship electric car. Since almost no one buys Volts now,…

Douglas A. McIntyre · 14 years ago

Growing Pessimism About EU Economy

ThinkstockThe brief optimism that a resolution to financial problems in the European Union would begin a process that would resurrect the economy is over. Both economists and national leaders believe that low consumer demand, unemployment…

Douglas A. McIntyre · 14 years ago

What’s Important in the Financial World (1/17/2013)

ThinkstockMichael Dell and the Dell Buyout Private equity firm Silver Lake Partner’s rush to fund a buyout of Dell Inc. (NASDAQ: DELL) has accelerated. And investors begin to ask if founder Michael Dell has…

Douglas A. McIntyre · 14 years ago