ThinkstockFollowing an investigation and audit brought on by a number of consumer complaints, the U.S. Environmental Protection Agency (EPA) has changed the estimated fuel economy ratings for the majority of 2012 and 2013 models…
thinkstockWTI crude oil is trading down about 1.6% this morning at around $85.70 primarily due to the lack of demand for crude from two large refineries that were shut down due to Hurricane Sandy.…
ThinkstockThe U.S. Treasury Department today said that it will collect gross proceeds of $67 million from the sale of shares in 11 banks that received TARP bailout funds following the 2008 financial crisis. Treasury…
ThinkstockChevron Corp. (NYSE: CVX) reported third-quarter 2012 earnings this morning. The oil supermajor posted diluted earnings per share (EPS) of $2.69 on revenues of $58 billion. In the same period a year ago, the…
thinkstockRalph Lauren Corp. (NYSE: RL) reported fiscal second-quarter 2013 earnings this morning. The apparel company posted diluted earnings per share (EPS) of $2.29 on revenues of $1.86 billion. In the same period a year…
ThinkstockAlpha Natural Resources Inc. (NYSE: ANR) reported third-quarter 2012 earnings this morning. The coal mining company posted a net loss of $0.16 per share on revenues of $1.46 billion. In the same period a…
courtesy Chesapeake Energy Corp.Chesapeake Energy Corp. (NYSE: CHK) reported third quarter 2012 earnings this morning. For the quarter, the oil and gas exploration and production company posted adjusted earnings per share (EPS) of $0.10…
U.S. equity markets opened higher following a spate of moderately good news on U.S. employment. The ADP report showed job gains (more coverage here), and the report on new claims for unemployment benefits came…
courtesy of SourcefireJust a couple of weeks ago, Internet security providers Check Point Software Technologies Inc. (NASDAQ: CHKP) and Fortinet Inc. (NASDAQ: FTNT) reported weaker-than-expected third quarter results and lowered their fourth quarter forecasts.…
ThinkstockAtlanta Federal Reserve President Dennis Lockhart suggested in a speech today in Chattanooga, Tennessee, that the Fed needs to look beyond the headline unemployment rate and additions to non-farm payrolls if the U.S. job…
ThinkstockGold miners have been hit hard in the past 12 months by falling prices for the yellow metal and by higher mining costs. Over the course of the past year, prices are nearly flat,…
ThinkstockIn its October survey of senior lending officers, the Federal Reserve Bank notes that borrowing requirements have been relaxed for business lending and some consumer lending in the past three months. Home mortgage loans,…
ThinkstockThe US Energy Information Administration (EIA) released its weekly petroleum status report this morning. US commercial crude inventories fell by 2 million barrels last week, bringing the total US commercial crude inventory to 373.1…
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks rose by a total of 65 billion cubic feet, slightly below the 67 billion cubic feet that analysts were expecting. Natural…
ThinkstockThe U.S. Census Bureau reported this morning that construction spending in September rose by 0.6% to an estimated seasonally adjusted annual rate of $851.6 billion from a revised estimate of $846.2 billion from August.…
ThinkstockApache Corp. (NYSE: APA) reported third quarter 2012 earnings this morning. The oil and gas exploration and production company posted adjusted earnings per share (EPS) of $2.16 on revenues of $4.14 billion. In the…
courtesy of TargetSeveral retailers are announcing October same-store sales today, and the reports are generally good. Research firm Retail Metrics projects an overall gain of 4.6% for the month, excluding the impact of drug…
ThinkstockExelon Corp. (NYSE: EXC) reported third-quarter 2012 earnings this morning. The power company posted adjusted diluted earnings per share (EPS) of $0.77 on revenues of $6.57 billion. In the same period a year ago,…
ThinkstockBarrick Gold Corp. (NYSE: ABX) reported third-quarter 2012 earnings this morning. The gold miner posted adjusted earnings per share (EPS) of $0.85 on revenues of $3.44 billion. In the same period a year ago,…
ThinkstockCeasars Entertainment Corp. (NASDAQ: CZR) reported third-quarter 2012 results after markets closed today. For the quarter, the casino and resort owner posted a diluted earnings per share (EPS) loss of $4.03 on revenues of…