Thinkstock A $24 Billion Standoff — October 17, 2013 Wednesday night, Congress approved and the president signed a bill that reopens the federal government and extends the U.S. borrowing authority. As we noted in yesterday’s…
October 9, 2013: U.S. markets opened slightly higher Wednesday morning but sank to daily lows by mid-morning following the inventory report on crude oil, which showed another massive addition to supplies. The release of…
Wikimedia CommonsConglomerates are supposed to be stable earnings due to diversified sources of income. That implies that they are supposed to have safe and growing dividends as well. Now we have news out that…
courtesy U.S. Federal ReserveThe Minutes from the September 17 to 18 FOMC meeting are not going to give the bulls nor the bears the smoking gun that they needed to build a case for…
Does anyone truly care about it being the 2013 Securities Analyst Meeting for Hewlett-Packard Co. (NYSE: HPQ)? The stock market is so enthralled with the company that even the S&P Indexes group decided that…
ThinkstockSFX Entertainment Inc. (NASDAQ: SFXE) held its initial public offering (IPO) Wednesday morning, selling about 3.8 million shares at an IPO price of $13, the top of its proposed range of $11 to $13…
ThinkstockThe federal government has been buying sugar since June as it is required to do by law when the price falls below $0.21 a pound. Uncle Sugar indeed! A report at Bloomberg indicates that…
ThinkstockIt is always interesting when bank analysts and brokerage firm analysts upgrade or downgrade their peers and competitors. The same is true for when they initiate research coverage. So what are investors supposed to…
ThinkstockThey say that some banks are too big to fail, but Italy is among the nations in the PIIGS, and it is simply “too big to bail.” That means Italy has to solve its problems…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 6.8 million barrels last week, maintaining a total U.S. commercial crude inventory to 370.5…
ThinkstockPlanned job cuts in the third quarter rose 25% from a year ago. With September jobs cuts up 19% from last year, it represented the fourth month in a row in which job cuts…
ThinkstockAubrey McClendon, co-founder and former CEO of Chesapeake Energy Corp. (NYSE: CHK), has raised about $1.7 billion for the new company he founded almost as soon as the ink was dry on his firing…
Federalreserve.govNow that Janet Yellen is reportedly being appointed as the next chairman, or chairperson, of the Federal Reserve, the markets may get what they really wanted all along. Yellen represents a continuation of the…
via Wikimedia CommonsAriad Pharmaceuticals Inc. (NASDAQ: ARIA) is getting crushed on Wednesday due to a clinical hold placed by the U.S. Food & Drug Administration. The company confirmed that the FDA has placed a…
ThinkstockWhen telecom giant Alcatel-Lucent S.A. (NYSE: ALU) announced Tuesday morning that it would cut 10,000 jobs and make other changes to cut costs, it could have been predicted that the company would get some…