Steelmaker AK Steel Holdings Corp. (NYSE: AKS) reported quarterly earnings today and the results that were better than expected, but earnings per share (EPS) still came in negative. AK Steel joins both Nucor Inc.…
The third round of Fed quantitative easing is pumping up the issuance of CCC-rated debt, according to the latest report from Fitch Ratings. Of total bonds issued in September, 26% were junk-rated, a new…
The Canadian government is nearing a ruling on the proposed $15.1 billion acquisition of Nexen Inc. (NYSE: NXY) by China’s Cnooc Ltd. (NYSE: CEO), and the government is apparently seeking reciprocity as part of…
Big-box retailer Target Corp. (NYSE: TD) today announced that it has agreed to sell its credit card business to TD Bank Group (NYSE: TD) for the value of its receivables, currently about $5.9 billion.…
The government of Iran said today that if sanctions against the country become any more stringent, Iran would stop its exports of oil and that the country could survive without oil revenues. Sanctions against…
United Parcel Service Inc. (NYSE: UPS) reported third-quarter 2012 results before markets opened this morning. For the quarter, the package delivery company posted adjusted diluted earnings per share (EPS) of $1.06 on revenues of…
RadioShackRadioShack Corp. (NYSE: RSH) reported third-quarter 2012 results before markets opened this morning. The electronics retailer posted a net loss of $0.47 per share on revenues of $1 billion. In the same period a…
E.I. du Pont de Nemours & Co. (NYSE: DD) reported third-quarter 2012 results before markets opened this morning. The chemicals maker posted adjusted diluted earnings per share (EPS) of $0.44 on revenues of $7.4…
ThinkstockWestern Digital Corp. (NASDAQ: WDC) reported fiscal first quarter 2013 results after markets closed today. For the quarter, the hard drive maker posted adjusted diluted earnings per share (EPS) of $2.36 on revenues of…
The three major U.S. stock indexes opened mixed this morning with the S&P 500 and the DJIA slightly lower and the Nasdaq slightly higher. In Asia Japan’s trade deficit was wider than had been…
Citing a “stiffer supply-chain management structure,” Samsung Electronics said today that it will end its contract with Apple Inc. (NASDAQ: AAPL) and stop supplying the U.S. company with LCD panels. Samsung shipped more than…
At a conference today in Florida, Gartner Inc. (NYSE: IT) forecast that information technology (IT) spending in 2012 would rise 3.8% in 2013, from $3.6 trillion to $3.7 trillion. But the really big news…
The 32-Gbyte version of the Microsoft Corp. (NASDAQ: MSFT) Surface tablet without the Touch Cover has sold out in the U.K. The sold-out tablet lists for $599 in the U.S. and £399 in the…
Shares of A123 Systems Inc. (NASDAQ: AONE) have jumped more than 50% (again) today after one of the company’s lenders and shareholders, China’s Wanxiang Group Corp., said it would waive its rights to exercise…
German conglomerate Siemens AG (NYSE: SI) said today that it will exit the solar business by offering its solar assets for sale. The company said in a statement: Due to the changed framework conditions,…
Oil and petroleum products shipper Overseas Shipholding Group Inc. (NYSE: OSG) filed a document with the Securities and Exchange Commission this morning indicating that the company is “evaluating its strategic options, including the potential…
The lack of interest in nuclear power generation in the United States continues to grow. Today, Dominion Resources Inc. (NYSE: D) announced that it will stop producing power at its 556-megawatt Kewaunee nuclear generating…
Agribusiness giant Archer Daniels Midland Co. (NYSE: ADM) has bid $2.8 billion for Australian grain grower and marketer GrainCorp. According a press release from GrainCorp, the offer is a nonbinding offer at AUS$11.75 a…
Peabody Energy Corp. (NYSE: BTU) reported third-quarter results before markets opened this morning. The coal mining company posted adjusted diluted earnings per share (EPS) of $0.51 on revenues of $2.06 billion. In the same…
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) reported third-quarter results before markets opened this morning. The mining firm posted adjusted diluted earnings per share (EPS) of $0.86 on revenues of $4.42 billion. In the…