ThinkstockGrowth prospects for 2013 have fallen among 1,330 CEOs surveyed by consulting firm PricewaterhouseCoopers. Continuing uncertainty about global economic growth weighed on the minds of 81% of the CEOs included in the survey. Other…
courtesy U.S. State DepartmentGovernor Dave Heineman of Nebraska has sent a letter to President Obama today expressing his approval for the re-worked Keystone XL pipeline project through the state. Heineman’s approval can now be…
ThinkstockPlatinum prices jumped last week following an announcement from Anglo American plc that it would shut down several of its South African mines, ultimately removing about 400,000 ounces of the white metal from global…
ThinkstockThe National Association of Realtors (NAR) reports that the seasonally adjusted annual rate of existing home sales in December fell 1% to 4.94 million from a downwardly revised total of 4.99 million in November.…
courtesy of BlackberryIn an interview with a German magazine over the weekend, the CEO of Research In Motion Ltd. (NASDAQ: RIMM) said that a possible sale of the company’s hardware unit and licensing the…
ThinkstockFreeport-McMoRan Copper & Gold Inc. (NYSE: FCX) reported fourth quarter and full-year 2012 results before markets opened this morning. The mining company posted diluted quarterly earnings per share (EPS) of $0.78 on revenues of…
ThinkstockDelta Air Lines Inc. (NYSE: DAL) reported fourth quarter and full-year 2012 results before markets opened this morning. The airlines posted adjusted diluted quarterly earnings per share (EPS) of $0.28 on revenues of $8.6…
ThinkstockWhen Dish Network Inc. (NASDAQ: DISH) acquired bankrupt Blockbuster nearly two years ago, the company said that the 1,700 Blockbuster stores that were part of the deal would “complement our existing video offerings while…
courtesy of VerizonVerizon Communications Inc. (NYSE: VZ) today reported fourth-quarter and full-year 2012 results before markets opened this morning. The telecom giant reported adjusted diluted quarterly earnings per share (EPS) of $0.38 on revenues…
U.S. equity markets opened mixed this morning, with the Nasdaq Composite lower on a weak quarterly earnings report last night from Intel Corp. (NASDAQ: INTC). The big news for today came out of China,…
ThinkstockWhen the U.S. Treasury and General Motors Co. (NYSE: GM) announced that GM had repurchased 200 million shares of Treasury-owned stock, the Treasury said it would sell the remaining 300 million shares it owns…
ThinkstockA second initial public offering (IPO) went off this morning: SunCoke Energy Partners LP (NYSE: SXCP). The master limited partnership’s (MLP) common units went out at $19, the low end of the prospective range…
ThinkstockOne of the big ideas floating around for the past year or so is the securitization of single-family rental payments into securities that could then sold to investors. If this sounds like a mortgage-backed…
ThinkstockSpot market prices for liquefied natural gas (LNG) have reached $18 per million BTUs and could go higher this year as supplies of the fuel appear to be softer than many traders had originally…
courtesy of Wal-Mart Stores Inc.Retail giant Wal-Mart Stores Inc. (NYSE: WMT) has revealed plans to open a 2,500-square foot store on the campus of Georgia Tech. The store will be, by far, the smallest…
Courtesy Norwegian Cruise Line Holdings Ltd.Cruise ship operator Norwegian Cruise Line Holdings Ltd. (NASDAQ: NCLH) kicked off its initial public offering today. The firm priced 23.53 million shares at $19 a share, which was…
ThinkstockEarlier this week, Consol Energy Inc. (NYSE: CNX) outlined its investment plans for 2013 and said it would focus more on natural gas production. Today the company released its fourth-quarter operational review, and it…
ThinkstockExploring for crude oil and gas is not cheap, and the smaller companies that are involved in the search often run up against problems with cash flow, credit availability and limited reserves, among many…
thinkstockThe International Energy Agency (IEA) raised its monthly forecast for crude oil demand growth in 2013 by 235,000 barrels a day, from a prior estimate of 865,000 barrels a day to 930,000 barrels a…
ThinkstockMorgan Stanley (NYSE: MS) reported fourth-quarter and full-year 2012 results before markets opened this morning. The bank reported adjusted diluted quarterly earnings per share (EPS) of $0.28 on revenues of $7 billion. In the…