Crude Prices Tumble More than 4.5%
thinkstockYesterday’s election results did, indeed, have an affect on the price of crude today, but not enough to send WTI down nearly 5% shortly before the market closes. Or enough to send Brent crude…
All Work
Paul Ausick
Ranking Innovation: Who’s Number 1?
courtesy of AppleIn its third annual ranking of the world’s most innovative companies, analysts at Booz & Co. created two lists: one based on dollars spent and the other based on asking those surveyed…
Thanksgiving Holiday Planes Expected to Be Full
ThinkstockU.S. airlines are expected transport nearly 24 million passengers over the 2012 Thanksgiving holiday weekend, up by about 150,000 from last year’s holiday period. Planes should be flying at about 90% of capacity on…
Yields Drop on 10-Year Treasuries
ThinkstockAt today’s $24 billion auction of U.S. Treasury 10-year notes, the morning’s demand for the safe haven of U.S. debt continued apace. In this morning’s bond trading, yields had fallen to 1.646% due to…
Projected Retail Q3 Earnings Up Sharply, Q4 Looks Even Better
thinkstockAs third quarter earnings results continue to pour in, overall earnings have been decidedly weaker. According to research firm Retail Metrics, the blended S&P 500 earnings growth rate for the third quarter of 2012…
Third Quarter E-commerce Spending Nears $42 Billion
ThinkstockRetail e-commerce spending rose 15% year-over-year in the third quarter to $41.9 billion according to the latest data from comScore Inc. (NASDAQ: SCOR). Sequentially, however, online retail spending was down 2.8% from the second…
Crude, Gasoline Inventories Up Sharply
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories rose by 1.8 million barrels last week, bringing the total U.S. commercial crude inventory to 374.8…
Election Outcome, Poor Pricing Hammer James River Coal
ThinkstockJames River Coal Co. (NASDAQ: JRCC) reported third-quarter 2012 earnings this morning. The mining company posted a net loss of $0.59 per share on revenues of $288.1 million. In the same period a year…
Health Care Stocks Head in Different Directions (WLP, THC)
ThinkstockWellPoint Inc. (NYSE: WLP) and Tenet Healthcare Inc. (NYSE: THC) both reported third-quarter 2012 earnings this morning. WellPoint is health care benefits company and Tenet is a hospital operator. For the quarter, WellPoint posted…
Gold Miner Randgold Tanking on Weak Results
ThinkstockRandgold Resources Ltd. (NASDAQ: GOLD) reported third-quarter 2012 earnings this morning. The gold mining company posted basic earnings per share (EPS) of $1.12 on revenues of $319.87 million. In the same period a year…
Sprint Makes Airwaves Buy
ThinkstockThe number three U.S. wireless carrier, Sprint Nextel Corp. (NYSE: S) announced this morning that it has agreed to pay $480 million to United States Cellular Corp. (NYSE: USM) for additional wireless spectrum and…
Time Warner’s Earnings Boosted by Buybacks
Wikimedia CommonsTime Warner Inc. (NYSE: TWX) reported third-quarter 2012 earnings this morning. The New York City cable provider posted adjusted diluted earnings per share (EPS) of $0.86 on revenues of $6.8 billion. In the…
Hurricane Sandy Stifles Mortgage Applications
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a drop of 5% in the group’s seasonally adjusted composite index compared with last week’s decrease of 12%. Unadjusted,…
News Corp. Looks Good on One-Time Items
thinkstockNews Corp. (NASDAQ: NWSA) reported first fiscal quarter 2013 earnings after markets closed today. For the quarter, the media giant posted adjusted diluted earnings per share (EPS) of $0.43 on revenues of $8.14 billion.…
24/7 Wall St. Closing Bell — November 6, 2012: Markets Open and Close Higher (CS, CMG, BEAM, SMRT, USM, CF, ESRX, PAA, WLT, Z, AMSC, AOL, CVC, CVS, FOSL, LPX, VVUS, GDP, NWSA, RAX, TWO, AES, AGU, CLH, ENB, HFC, JRCC, LEAP, M, THC, TWX, WLP, THQI, CDE, ODP)
U.S. equity markets opened higher this morning as investors seemed to prefer a little risk trading on U.S. election day. Asian markets were cautious ahead of today’s elections, while in Europe some weak non-manufacturing…
Vringo Beats Google in Court, but It’s Not the Big Score
Wikimedia CommonsA jury in Norfolk, Virginia, today awarded Vringo Inc. (NYSEMKT: VRNG) $30 million in patent infringement suit against Google Inc. (NASDAQ: GOOG) and several other companies. Vringo, originally a mobile phone ringtone provider,…
Three-Year Treasury Yield at Seven-Month High
ThinkstockThe U.S. Treasury auctioned $32 billion in three-year note today at a yield of 0.392%. Demand was down, from a four-auction average of 3.73 times the amount sold to 3.41 times. As a result,…
Amazon Prime Going Monthly (AMZN, NFLX)
Wikimedia CommonsHas Amazon.com Inc. (NASDAQ: AMZN) got a deal for you! For just $7.99 a month, you get the company’s Prime free 2-day shipping service plus access to the company’s streaming video service. For…
Getting Oil and Gasoline to the East Coast
ThinkstockIf there’s any truth to the old saying about “doing well by doing good,” then oil and gasoline trader stand to do quite well over the next couple of weeks. That’s because the federal…
Chinese Firm to Build Coal-to-Liquids Plant in Wyoming (SNP, ACI)
ThinkstockChina Petrochemical Corp., a state-controlled company best known as Sinopec (NYSE: SNP) will build an advanced coal-to-gasoline plant near Medicine Bow, Wyoming, that is expected to produce 21,000 barrels a day of gasoline when…