U.S. equity markets opened mixed this morning following a depressing report on U.S. GDP growth, which turned out to be negative (more coverage here). Even a good jobs report from ADP couldn’t overcome the…
ThinkstockEverything about the mining industry is big, so it should come as no surprise that when things don’t work out as planned, the mistakes are big too. Two mining CEOs have lost their jobs…
ThinkstockPeabody Energy Corp. (NYSE: BTU) reported fourth quarter and full-year 2012 results yesterday that were objectively awful, but not bad in context. At least that’s what everyone thought yesterday when the company’s shares jumped…
courtesy of Research In Motion Ltd.Smartphone maker Research In Motion Ltd. (NASDAQ: RIMM) launched to new phones this morning, the Z10 touchscreen model and the Q10 with the familiar BlackBerry keypad. Oh, and RIM…
Thinkstock The U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories increased by 5.9 million barrels last week, bringing the total U.S. commercial crude inventory to…
Courtesy Chrysler Group LLCAutomaker Chrysler Group LLC, which is controlled by Italy’s Fiat SpA, announced this morning that full-year net income for 2012 rose more than 800%, from $183 million in 2011 to $1.7…
courtesy Boeing Co.The Boeing Co. (NYSE: BA) reported fourth-quarter and full-year results before markets opened this morning. For the quarter, the aircraft maker posted adjusted diluted earnings per share (EPS) of $1.46 on revenues…
ThinkstockPhillips 66 (NYSE: PSX) reported fourth-quarter and full-year results before markets opened this morning. For the quarter, the oil refiner posted adjusted diluted earnings per share (EPS) of $2.06 on revenues of $44.67 billion.…
ThinkstockNorthrop Grumman Corp. (NYSE: NOC) reported fourth-quarter and full-year results before markets opened this morning. For the quarter, the defense contractor posted diluted earnings per share (EPS) of $2.14 on revenues of $6.48 billion.…
ThinkstockKinder Morgan Energy Partners L.P. (NYSE: KMP) announced late last night that it has reached a definitive agreement to acquire midstream company Copano Energy LLC (NASDAQ: CPNO) in a transaction worth a total of…
ThinkstockChesapeake Energy Corp.’s (NYSE: CEO) CEO Aubrey McClendon is leaving the company he co-founded in 1989, citing “philosophical differences” with Chesapeake’s board. Until last year, there would have been no such differences because the…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a drop of 8.1% in the group’s seasonally adjusted composite index, following a rise of 7% for the previous…
Broadcom reported better-than-expected fourth-quarter and full-year 2012 results after markets closed on January 29, 2013.
U.S. equity markets opened slightly lower this morning following not-much in the way of new data and a wait-and-see attitude until tomorrow’s meeting announcement from the FOMC, which began a two-day meeting this afternoon.…
Thinkstock BP, Texas City refineryWhen oil refiner Valero Energy Corp. (NYSE: VLO) reported a big earnings beat this morning, it was almost inevitable that the halo would also appear above the other major refining…
ThinkstockThe U.S. Department of Justice has asked the Federal Communications Commission to defer a decision on the $20 billion Softbank plan to acquire control of Sprint Nextel Corp. (NYSE: S). Agencies of the DoJ,…
courtesy of Hostess Brands Inc.A deal worth more than $400 million may be on the table as soon as tomorrow for Hostess Twinkies and other of the bankrupt Hostess Brands Inc.’s popular snack food…
courtesy of Research In Motion Ltd.Tomorrow is the big day for Research In Motion Ltd. (NASDAQ: RIMM). The company will launch its latest smartphone handset and operating system, BlackBerry 10, into a world dominated…
ThinkstockFor the week ending January 27, the Gallup U.S. economic confidence index came in at -9, an improvement of four points the previous week’s reading of -13, beating the previous weekly high of -10…
ThinkstockThree U.S. steelmakers reported earnings before markets opened this morning. AK Steel Holding Corp. (NYSE: AKS), United States Steel Corp. (NYSE: X) and Nucor Corp. (NYSE: NUE). Given all the recent bad news about…