Conoco Sells Caspian Sea Stake
ThinkstockConocoPhillips (NYSE: COP) announced this morning that it is selling its 8.4% stake in a production sharing agreement in the north Caspian Sea for about $4.9 billion. The carrying value of Conoco’s share in…
All Work
Paul Ausick
Cyber Monday at Target
courtesy of TargetShopping online at Target Corp. (NYSE: TGT) stores is quite similar to the shopping experience at the Wal-Mart Stores Inc. (NYSE: WMT) website. The first thing on the homepage is an offer…
Cyber Monday at Amazon
Wikimedia CommonsThe most popular shopping site on the web belongs to Amazon.com Inc. (NASDAQ: AMZN), and one look at today’s homepage indicates what the retailer has learned over the years. The look of the…
Cyber Monday at Best Buy
courtesy Best Buy Co. Inc.The convenience of shopping online attracts a lot of customers, and it seems reasonable that an online retailer would take advantage of the Cyber Monday traffic to promote certain items.…
Cyber Monday at Walmart
courtesy of Wal-Mart Stores Inc.After a busy weekend of pounding the pavement in search of bargains, shoppers are expected to be pounding their keyboards today in search of online bargains. Here’s what Wal-Mart Stores…
CNH Global, Fiat Industrial Merger Moves Forward
thinkstockFarm and industrial equipment maker CNH Global N.V. (NYSE: CNH) has agreed to the terms of proposed merger with Fiat Industrial SpA in a move that will create the third-largest capital goods maker in…
24/7 Wall St. Closing Bell — November 23, 2012: Markets Higher on Throngs of Shoppers (E, PQ, TI, NOK, BIG, JOSB, SDRL, RIMM, KITD, MCP)
U.S. equity markets opened higher this morning after taking a day off to celebrate Thanksgiving. Reasonably good news out of Europe this morning on several fronts. First, PMI numbers were above expectations in France,…
Walmart Claims Black Friday “Best Ever”
courtesy Wal-Mart Stores Inc.Walkouts and protests, notwithstanding, Wal-Mart Stores Inc. (NYSE: WMT) said that today’s Black Friday shopping numbers are the retailer’s “best ever.” From 8:00 p.m. through midnight last night, Walmart said it…
Today’s Market Winners and Losers
The stock market is up Friday, with the Dow Jones Industrial Average up 0.73%, the Nasdaq up 0.78% and the S&P 500 up 0.73%. Today’s winners include a mobile phone maker rising on hope,…
Tractor Maker Gets Sweetened Offer from Fiat
thinkstockFarm equipment and construction machinery firm CNH Global NV (NYSE: CNH) on Wednesday received a sweetened offer from Fiat Industrial SpA for the 12% of the Dutch company that Fiat does not already own.…
GM Acquires International Lending from Ally
courtesy of General MotorsLess than two weeks ago, a possible sale of Ally Financial Inc.’s international auto lending business to General Motors Co. (NYSE: GM) was just a rumor. Late Wednesday, when most of…
Chinese Airline Orders 60 Planes from Airbus
ThinkstockAt the beginning of this year, new, tougher carbon emissions rules went into effect for airplanes arriving or departing from EU airports. Complaints and protests came from every direction, but among the loudest complainers…
BP Reorganizing Production Operations — Reuters
courtesy of BP plcOil supermajor BP PLC (NYSE: BP) is reorganizing its oil and gas production operations for the second time since the explosion at its Macondo well in the Gulf of Mexico killed…
Walkouts Begin at Walmart
courtesy Making Change at Walmart and UFCWEmployees of Wal-Mart Stores Inc. (NYSE: WMT) began their promised job walkouts last night at Walmart stores in Miami, Dallas, Wisconsin and the San Francisco Bay area. The…
Ford Slows Production in New Romanian Plant
courtesy Ford Motor Co.In July of this year, Ford Motor Co. (NYSE: F) announced the beginning of production at its plant in Craiova, Romania, after spending more than €500 million to retool the plant…
Rio Tinto Gets OK to Expand Australian Mine
ThinkstockAt a time when iron ore prices are falling like tears, Rio Tinto PLC (NYSE: RIO) has just received approval from the Australian state government to expand one of its iron ore mines, boosting…
24/7 Wall St. Closing Bell — November 21, 2012: Markets Hold Onto Modest Gains (EV, MPC, YUM, HPQ, COH, KID, CRM, ZLC, DE, NOK, STJ, GRPN)
U.S. equity markets opened slightly higher this morning following another week with more than 400,000 new claims for jobless benefits (more coverage here) and weak news from Japan on exports. In Asia, the lower…
Black Friday, Cyber Monday … Now, Green Tuesday
ThinkstockDaily deals website GreenDeals.org and its founder, Jonah Myrto, have launched an effort to designate an “annual shopping occasion” the company has dubbed “Green Tuesday.” This year the occasion falls on Tuesday, November 27th,…
Holiday Season Online Sales Rise 16% So Far
ThinkstockThrough the first 18 days of the 2012 holiday shopping season, online sales have risen 16%, from $8.77 billion last year to $10.14 billion this year according to the latest data from comScore Inc.…
Natural Gas Inventory Declines More than Expected
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks declined by a total of 38 billion cubic feet, more than the 28 billion cubic feet decline that analysts were expecting.…