ThinkstockAnother hefty settlement is apparently due to be announced related to charges of money laundering that have hit some of the world’s biggest banks. The Wall Street Journal is reporting that HSBC Holdings plc…
U.S. equity markets opened lower this morning, probably as a reaction to the news that Italy’s prime minister has said that he will resign after a new budget is agreed to (more coverage here).…
courtesy GameStop Corp.Just as the holiday retail shopping season gets down to its last two weeks, GameStop Corp. (NYSE: GME) said today that it would begin selling two models of the Kindle Fire tablet…
ThinkstockWhen Valero Energy Corp. (NYSE: VLO) reported second quarter earnings last July, the company said it would seek a tax-efficient spin-off of its retail business. In a presentation to investors today, the company offered…
courtesy of AppleMonitor shipments for notebook PCs have been dropping for some time now, and prices have tagged along with the decline. High-definition 14- and 15.6-inch displays are selling for less than $40, nearly…
ThinkstockU.S. new car sales in November rose 15% year-over-year to a seasonally adjusted annual rate of 15.54 million. Compared with October, sales rose 4.7% to 1.14 million units sold according to data released today…
ThinkstockThinkstockBritain’s Standard Chartered plc has agreed to pay $327 million in fines related to charges that the bank hid some $250 billion in transactions for Iranian clients. Such transactions are a violation of U.S.…
ThinkstockLive sports programming commands the highest subscriber rates in the cable and satellite industry, and the competition for leverage in live sports programming is only going to get fiercer. Attracting more viewers is critical…
courtesy Boeing Co.Aircraft maker Boeing Co. (NYSE: BA) this morning announced a firm order from Turkish Airlines for 15 of the company’s 777-300ER aircraft in a deal worth $4.7 billion at list price. The…
courtesy of McDonald'sAfter a surprise drop in global sales last month, McDonald’s Corp. (NYSE: MCD) surprised analysts again this morning by posting a larger-than-expected rise of 2.4% in global same-store sales. November sales rose…
ThinkstockIn its second acquisition in less than three months, Honeywell International Inc. (NYSE: HON) this morning announced that it would acquire Intermec Inc. (NYSE: IN) in an all-cash transaction worth about $600 million. In…
courtesy of Hostess Brands Inc.Today is the deadline for interested bidders to get their bids in for bankrupt Hostess Brands Inc. At last count, about 110 potential bidders had expressed interest. The maker of…
ThinkstockAfter markets closed on Friday, Canadian Prime Minister Stephen Harper announced that the government had approved both the $15.1 billion sale of Nexen Inc. (NYSE: NXY) to China’s Cnooc Ltd. (NYSE: CEO) and the…
U.S. equity markets opened higher this morning following a poor growth forecast from Europe and a better-than-expected report on U.S. unemployment. The German central bank said this morning that Germany’s expected GDP growth in…
ThinkstockOil supermajor ConocoPhillips (NYSE: COP) said today that its capital budget for 2013 would be $15.8 billion, approximately flat with 2012 spending. About 60% of the capital spending will be in North America, with…
ThinkstockFedEx Corp. (NYSE: FDX) expects to move 19 million packages on Monday, making it the busiest day in the company’s history. Over the course of the peak holiday shopping season — from Thanksgiving Day…
ThinkstockHouse Speaker John Boehner held a press conference earlier this morning in which he declared that no progress has been made in budget talks between House Republicans and the Obama administration. Boehner accused the…
ThinkstockAfter getting pummeled for two days, shares of Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) are getting a bit of boost today following an announcement from Moody’s that the proposed $9 billion deal ($20…
courtesy Ford Motor Co.Ford Motor Co. (NYSE: F) has been touting its Fusion hybrid and one model of its C-MAX hybrid family with EPA mileage per gallon (mpg) ratings of “47 city/47 highway/47 combined…
ThinkstockIn its latest report on gambling revenues in the state, the Nevada Gaming Commission said that total revenue for October 2012 came in at $979 million, up 1.9% compared with October 2011. The Las…