The U.S. Federal Reserve Bank and other U.S. bank regulators said this morning that new regulations related to capital reserve requirements for the country’s banks will be delayed beyond the current January 1st effective…
ThinkstockIn its Monthly Oil Market report released today, the Organization of Petroleum Exporting Countries (OPEC) forecast that demand for the cartel’s crude oil would fall from 30.1 million barrels a day in 2012 to…
courtesy of Sony Corp.Consumer electronics maker Sony Corp. (NYSE: SNE) is just one step away from having its bonds rated as “junk” by ratings firm Moody’s Investors Service. The ratings agency this morning cut…
Wikimedia CommonsOn Wednesday, the Iraqi government said that Exxon Mobil Corp. (NYSE: XOM) had notified it that the company planned to sell its stake in the West Qurna-1 oil field project. Exxon owns 60%…
ThinkstockStrayer Education Inc. (NASDAQ: STRA) reported third-quarter 2012 earnings this morning. The for-profit education firm posted diluted earnings per share (EPS) of $0.36 on revenues of $124.3 million. In the same period a year…
courtesy J.C. Penney Co. Inc.JCPenney Company Inc. (NYSE: JCP) reported third-quarter 2012 results this morning. The retailer posted a net loss of $0.93 per share on revenues of $2.93 billion. In the same period…
courtesy of DisneyThe Walt Disney Co. (NYSE: DIS) reported fourth fiscal quarter and full-year 2012 earnings after markets closed today. For the quarter, the entertainment giant posted adjusted diluted earnings per share (EPS) of…
ThinkstockGroupon Inc. (NASDAQ: GRPN) reported third-quarter 2012 earnings after markets closed today. For the quarter, the daily deals company posted diluted earnings per share (EPS) of zero on revenues of $568.55 million. In the…
U.S. equity markets opened slightly higher this morning, but by the end of the first hour stocks had turned south and remained in negative territory throughout the rest of the day. In Europe, the…
ThinkstockInvestors were buying gold yesterday on the belief that newly re-elected President Obama will not be able to come up with a way to avoid having the U.S. economy fall off the fiscal cliff…
ThinkstockSandRidge Energy Inc. (NYSE: SD) is seeing its share price get a nice boost today after receiving a letter from one of its largest investors, hedge fund TPG-Axon Capital, calling the company’s stock a…
ThinkstockShares of Groupon Inc. (NASDAQ: GRPN) fell more than 3.5% yesterday, the day before the company is scheduled to report third quarter results. Today’s earnings report will mark the fourth full-quarter of Groupon’s existence…
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks rose by a total of 21 billion cubic feet, below the 27 billion cubic feet that analysts were expecting. Natural gas…
ThinkstockThe Greek government’s statistical agency this morning reported that the country’s unemployment rate in August rose to 25.4%, from 24.8% in July and 18.4% in August of 2011. Among those age 24 and lower,…
ThinkstockIn its latest World Oil Outlook released today, the Organization of Petroleum Exporting Countries (OPEC) is forecasting that demand for energy will rise 54% by 2035. Fossil fuels, including oil, natural gas and coal,…
courtesy of McDonald'sMcDonald’s Corp. (NYSE: MCD) posted awful same-store sales data for October this morning. Same-store sales were down in the United States by 2.2%, in Europe by 2.2%, and 2.4% in the company’s…
ThinkstockTo virtually no one’s surprise, the European Central Bank (ECB) this morning announced that it will leave its key interest rate unchanged at a record low of 0.75%. Now everyone will wait to hear…
thinkstockKohl’s Corp. (NYSE: KSS) reported third-quarter 2012 earnings this morning. For the quarter, the department store chain posted diluted earnings per share (EPS) of $0.91 on revenues of $4.5 billion. In the same period…
ThinkstockDean Foods Inc. (NYSE: DF) reported third-quarter 2012 earnings this morning. For the quarter, the food and beverage company posted adjusted diluted earnings per share (EPS) of $0.33 on revenues of $3.1 billion. In…
U.S. equity markets opened lower this morning as traders and investors tried to sort out their reactions to the re-election of President Obama. The initial reaction is that the U.S. economy is headed for…