U.S. equity markets re-opened for business in New York this morning after a two-day shutdown forced by Hurricane Sandy. Markets opened higher, but lost their energy by mid-morning. Asian markets were higher on some…
ThinkstockMarket maker Knight Capital Group Inc. (NYSE: KCG) has shut down equities trading today after a backup power source failed at its offices in New Jersey. The failure is not affecting the company’s bond…
ThinkstockShares of MGM Resorts International (NYSE: MGM) dropped this morning after the company reported a larger-than-expected loss in the third quarter. The company posted an earnings per share (EPS) loss of $0.37, compared with…
courtesy BP plcNow that Hurricane Sandy has run its course, oil refineries on the East Coast are either returning to service or making preparations to do so. The NuStar Energy LP (NYSE: NS) 74,000-barrel…
courtesy PVH Corp.PVH Corp. (NYSE: PVH) announced this morning that it has entered a definitive merger agreement with The Warnaco Group Inc. (NYSE: WRC) and will acquire Warnaco for $2.9 billion. The transaction includes…
courtesy of ArcelorMittalArcelorMittal (NYSE: MT) reported third-quarter 2012 results before markets opened this morning. For the quarter, the mining and steel making giant posted a net loss of $0.46 per share on revenues of…
courtesy Phillips 66Phillips 66 (NYSE: PSX) reported third-quarter 2012 earnings this morning. The oil refiner and marketer posted adjusted diluted earnings per share (EPS) of $2.97 on revenues of $43.91 billion. In the same…
Environmental cleanup firm Clean Harbors Inc. (NYSE: CLH) announced on Monday that it has signed a definitive agreement to acquire privately held Safety-Kleen Inc. in an all-cash deal worth $1.25 billion. Safety-Kleen is a…
courtesy MasterCard Inc.MasterCard Inc. (NYSE: MA) reported third quarter 2012 results before markets opened this morning. The credit card issuer posted adjusted earnings of $6.17 per share on revenues of $1.9 billion. In the…
courtesy Mohawk Industries Inc.The largest U.S. maker of carpets and floor coverings, Mohawk Industries Inc. (NYSE: MHK) said on Monday that it would acquire Sweden’s laminated flooring maker Pergo for $150 million in cash.…
General Motors Co. (NYSE: GM) reported third-quarter 2012 results before markets opened this morning. The automaker posted diluted earnings per share (EPS) of $0.89 on revenues of $37.6 billion. In the same period a…
courtesy of BP plcBP PLC (NYSE: BP) reported third-quarter 2012 results in London on Monday morning. The oil supermajor posted adjusted diluted earnings per ADS of $1.63 on revenues of $90.6 billion. In the…
The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a drop of 4.8% in the group’s seasonally adjusted composite index, compared with last week’s decrease of 12%. Unadjusted,…
Chrysler Group reported on Monday that the company’s net income for the third-quarter totaled $381 million, up 80% from $212 million in the same period a year ago. Net revenue totaled $15.5 billion, or…
Gevo Inc. (NASDAQ: GEVO) reported third quarter 2012 results this afternoon. For the quarter, the biofuel maker posted an adjusted diluted earnings per share (EPS) loss of $0.31 on a mere $562,000 revenues. In…
U.S. stock markets were closed again today as New York City recovered from the damage brought on by Hurricane Sandy. In New York, both Nasdaq and the NYSE announced that the markets would be…
Trying to figure out the impact of tablets on a how a given person spends time connected to the rest of the world requires a lot of patience and a sharp eye for detail.…
Package delivery giant United Parcel Service Inc. (NYSE: UPS) said yesterday that it plans to hire 55,000 seasonal workers to sort, load, and help deliver packages during the coming holiday season. The total matches…
Confidence in the U.S. economy rose 4 points in the week ending October 28th, from a reading of -19 to -14, the highest reading since 2008 when Gallup began tracking economic confidence. The previous…
ThinkstockValero Energy Corp. (NYSE: VLO) reported third-quarter 2012 earnings this morning. The oil refiner and marketer posted adjusted diluted earnings per share (EPS) of $1.90 on revenues of $34.73 billion. In the same period…