U.S. equity markets opened essentially flat again this morning as investors waited to see what would happen with the many data releases due out today. In Europe, the non-manufacturing PMI numbers were mixed, with…
An IPO scheduled on Nasdaq today was accidentally killed when an employee of The NASDAQ QMX Group Inc. (NASDAQ: NDAQ) cancelled the IPO instead of re-scheduling it for later in the day as had…
The U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has announced the first ever competitive lease sale of two offshore wind energy areas in federal waters. A date for the sale…
Yesterday’s announcement that Netflix Inc. (NASDAQ: NFLX) would get exclusive rights from The Walt Disney Co. (NYSE: DIS) for studio films beginning in 2016 sent Netflix shares sharply higher in the afternoon. The blush…
The number of foreclosure starts fell 21.9% in October according to the latest data from Lender Processing Services Inc. (NYSE: LPS). Year-over-year, new foreclosures are down 48% and the foreclosure inventory of homes for…
Thanks to a record Cyber Monday online shopping total of $1.46 billion, a 32% jump in Thanksgiving Day spending, and a 28% jump in online Black Friday spending, total U.S. online holiday shopping for…
The US Energy Information Administration (EIA) released its weekly petroleum status report this morning. US commercial crude inventories declined by 2.4 million barrels last week, bringing the total US commercial crude inventory to 371.8…
Drug store giant Walgreen Co. (NYSE: WAG) announced this morning that November same-store sales fell 6.2% year-over-year, primarily due to the impact of generic drug sales replacing sales of higher-priced brand-name drugs. Total sales…
At least one big mining firm has made acquisitions in the energy field in an effort to boost profits in the face of a slowdown in demand for mined materials. BHP Billiton PLC (NYSE:…
The Boeing Co. (NYSE: BA) 787 Dreamliner came to market years late and billions over budget. And given the variety of problems the aircraft has exhibited since it arrived, perhaps deliveries should have been…
Francesca Holdings Corp. (NASDAQ: FRAN) reported third-quarter 2012 results before markets opened this morning. The fast-fashion retailer of women’s apparel reported adjusted diluted earnings per share (EPS) of $0.24 on revenues of $72 million.…
The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a rise of 4.5% in the group’s seasonally adjusted composite index compared with last week’s drop of 0.9%. Last…
Pandora Media Inc. (NYSE: P) reported third-quarter 2012 earnings after markets closed today. For the quarter, the Internet radio company posted adjusted diluted earnings per share (EPS) of $0.05 on revenues of $120 million.…
U.S. equity markets opened essentially flat this morning on a day when not much new data was released. In Europe, unemployment data from Spain was awful, but not as bad as many had feared…
For the month of November, the Gallup U.S. economic confidence index came in at -13, an improvement of 4 points from October’s reading of -17 and the best monthly reading since Gallup began tracking…
Federal Reserve Governor Daniel Tarullo said in a speech this morning at the Brookings Institution that there remains one significant task in the reform of the financial system: he most important remaining task of…
Home prices rose 6.3% in October compared with the same month a year ago, the largest monthly increase since June 2006 according to research firm CoreLogic (NYSE: CLGX). Month-over-month, however, October prices fell 0.2%,…
Depending on your point of view, a report today that newly-elected Senator Elizabeth Warren (D-MA) will get a seat on the Senate Banking Committee is either good news or bad news. Warren has consistently…
Boeing Capital Corp., the leasing and financing arm of Boeing Co. (NYSE: BA), released its aircraft finance market outlook for the next five years this morning. Boeing Capital expects total industry deliveries to reach…
U.S. medical instruments and supplies maker Baxter International Inc. (NYSE: BAX) said this morning that it has signed a definitive agreement to acquire privately held Swedish dialysis product firm Gambro AB for a total…