ThinkstockFor its latest report on global risk, the World Economic Forum surveyed more than 1,000 experts and industry leaders, who concluded that the outlook for the next 10 years is not encouraging. The group…
ThinkstockAfter withdrawing a planned spin-off of a master limited partnership in November, SunCoke Energy Inc. (NYSE: SXC) this morning announced that its wholly-owned subsidiary SunCoke Energy Partners L.P. has launched an initial public offering…
thinkstockMonsanto Co. (NYSE: MON) reported first-quarter fiscal 2013 adjusted diluted earnings per share (EPS) of $0.62 on revenue of $2.94 billion. In the same period a year ago, the fertilizer and seed maker reported…
ThinkstockThe National Federation of Independent Business (NFIB) reported that its Small Business Optimism Index rose a meager 0.5 points in December to 88, only slightly better than the November reading that was the second-lowest…
ThinkstockOil field services company Baker Hughes Inc. (NYSE: BHI) this morning reported that its count of foreign oil and gas drilling rigs fell from 1,267 in November to 1,253 in December. Adding in Canadian…
ThinkstockRetailers employed additional 728,300 workers between October 1st and December 31st of the past holiday season according to a report from consulting firm Challenger, Gray & Christmas. The outplacement firm based its total on…
U.S. equity markets opened lower this morning as investors seem to have reined in the enthusiasm that kicked off the new year. There was little new data out today, so markets followed the news.…
courtesy Boeing Co.A 787 Dreamliner from Boeing Co. (NYSE: BA) and owned by Japan Airlines apparently caught fire after landing at Boston’s Logan International Airport earlier today. A mechanic inspecting the plane after it…
courtesy of Apple Inc.In the month of December, Apple Inc.’s (NASDAQ: AAPL) App Store recorded more than 2 billion downloads, slightly more than 10% of 2012 downloads totalling nearly 20 billion. Since the App…
ThinkstockThe Office of the Comptroller of the Currency and the Federal Reserve announced this morning that the agencies have reached an agreement with 10 banks to settle enforcement actions related to “deficient practices in…
ThinkstockThe government of Iran has long held that the U.S. and European sanctions being imposed on the country have had little impact on the Iranian economy. But in a report to the country’s parliament,…
ThinkstockAll the attention paid to avoiding the fiscal cliff may have obscured an even more important legislative failure. Congress did not act to raise the U.S. debt ceiling by the end of 2012, and,…
ThinkstockThe past year was a tale of two products for semiconductor makers. Makers of the brains for desktop and laptops PCs had a tough year, while chipmakers focused on mobile devices like smartphones and…
ThinkstockA shrinking global economy took a heavy toll on producers of nonprecious metals in 2012. Prices for base and industrial metals like copper, iron ore, and aluminum fell sharply as demand nearly collapsed. Some…
ThinkstockNuclear commercial services firm EnergySolutions Inc. (NYSE: ES) announced this morning that it is being acquired by a subsidiary of private equity firm Energy Capital Partners II LLC in a transaction worth about $1.1…
courtesy Airbus S.A.The president of Emirates Airlines said the world’s foremost carrier of international traffic could add another 30 Airbus A380 jumbo jets to its existing order for 90 of the planes built by…
Brian Katt / Wikimedia Commons / GNU Free Documentation LicenseCountrywide Financial is the gift that keeps on taking from Bank of America Corp. (NYSE: BAC). This morning it took $10 billion from Bank of…
courtesy of NetflixUsing words like “unprecedented” and “addictive” and “compelling,” Netflix Inc. (NASDAQ: NFLX) this morning announced that it has struck a deal with Warner Brothers Television Group (WBTV), which is ultimately owned by…
U.S. equity markets opened slightly higher this morning following the report that nonfarm payrolls had grown by 155,000, better than the expected growth of 150,000 (more coverage here). The December unemployment rate came in…
ThinkstockIn a speech today in Baltimore, Richmond Fed President Jeffrey Lacker said that he agrees with the view of most economists that U.S. inflation will be “a little less than 2 percent” in 2013.…