ThinkstockThe number three U.S. wireless carrier, Sprint Nextel Corp. (NYSE: S), has now struck a definitive agreement with Clearwire Corp. (NASDAQ: CLWR) to acquire the 48.3% of Clearwire that it does not already own…
ThinkstockAmerican International Group Inc. (NYSE: AIG) will sell its stake in Asian life insurance company AIA Group Ltd. in a block sale that is expected to occur tomorrow. AIG turned down an offer of…
courtesy of Apple Inc.It’s a long way from the report of the one lonely guy outside an Apple store in Shanghai to Apple Inc.’s (NASDAQ: AAPL) press release this morning claiming that the weekend…
U.S. equity markets opened lower this morning and only the Dow was able to break into positive territory even briefly. There was no terrible news, but there was no unexpected big, good news either.…
ThinkstockWith about an hour and half to go before the markets close today, coals stocks are getting a boost from this morning’s announcement by Peabody Energy Corp. (NYSE: BTU) that its first quarter 2013…
courtesy General Electric Co.For the fifth time in three years, General Electric Co. (NYSE: GE) is raising its quarterly dividend. This time by $0.02 to $0.19 a share, almost double its level following a…
courtesy Chesapeake Energy Corp.The country’s second largest natural gas producer, Chesapeake Energy Corp. (NYSE: CHK) today announced that it has offered a voluntary separation program to approximately 275 employees “as part of the company’s…
courtesy of Apple Inc.Apple Inc. (NASDAQ: AAPL) has its sights set on shipping 100 million iPads in 2013 according to a blog post at NPD DisplaySearch. That’s a big jump from the 70 million…
ThinkstockDrug developer Rigel Pharmaceuticals Inc. (NASDAQ: RIGL) watched its shares plummet 35% yesterday following a report that rheumatoid arthritis treatment it was developing with AstraZeneca plc (NYSE: AZN) did not show the expected benefits…
ThinkstockWhen Sprint Nextel Corp. (NYSE: S) made its $2.1 billion offer yesterday for Clearwire Corp. (NASDAQ: CLWR), it was inevitable that some shareholders would object to the $2.90 per share bid as being too…
courtesy Best Buy Co. Inc.The weekend deadline for Richard Schulze to make an offer for Best Buy Co. Inc. (NYSE: BBY) has been extended to February 28, according to reports at CNBC.com and Reuters.…
ThinkstockThe world’s largest oil field services firm, Schlumberger Ltd. (NYSE: SLB) issued an update on fourth-quarter operations that lowers the company’s earnings per share (EPS) forecast by $0.05 to $0.07 per share. The terse…
ThinkstockThe lone negative vote on the Fed’s recent adoption of inflation and employment thresholds was cast by Richmond Federal Reserve President Jeffrey Lacker, which is not terribly surprising given his long-standing opposition to expansion…
ThinkstockBiotech giant Amgen Inc. (NASDAQ: AMGN) made a series of moves after markets closed last night that appear to add up to an effort giving something to everybody. First out of the chute was…
ThinkstockState governments really got whacked by the recession of 2008-2009. Barred by law from deficit spending and facing cuts in federal payments, most states cut programs and services sharply. That situation is now slowly…
courtesy Boeing Co.A faulty generator has grounded another 787Dreamliner from Boeing Co. (NYSE: BA) after just delivering the plane to Qatar Airways. The defect is similar to one that forced a Dreamliner owned by…
courtesy of Hostess Brands Inc.A couple of surprise names have popped up in the bidding war for bankrupt Hostess Brands Inc., makers of Twinkies, Ho-Hos, and Wonder Bread. Last Monday was the deadline for…
U.S. equity markets opened about flat this morning but fell into a swoon following remarks from House Speaker John Boehner indicated that there has been no change to the gridlock in negotiations on the…
ThinkstockYahoo! Inc. (NASDAQ: YHOO) today announced the appointment of Max Levchin to its board of directors, effective immediately. Two other board members, David Kenny and Brad Smith, are leaving the board, also immediately. Yahoo’s…
courtesy Dell Inc.At its Dell World conference in Austin today, Dell Inc. (NASDAQ: DELL) confirmed that the company is no longer in the smartphone business. At least smartphones using the Android operating system from…