The U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks rose by a total of 51 billion cubic feet, slightly higher than the 48 billion cubic feet that analysts were expecting.…
Internet security firm Palo Alto Networks Inc. (NYSE: PANW) this morning priced a secondary offering of 4.8 million shares at $63 a share, about 4% below last night’s closing price of $65.50. The company…
Weak macroeconomic data drove central banks’ monetary policy during the third quarter, and those policies drove the world’s demand for gold, according to the latest report from the World Gold Council on gold investments.…
In a filing today with the Securities and Exchange Commission, Sprint Nextel Corp. (NYSE: S) said that it will buy some 34 million shares of Clearwire Corp. (NASDAQ: CLWR) from Eagle River Holdings, giving…
Russia’s largest state-controlled oil company, OAO Rosneft, has reportedly offered BP PLC (NYSE: BP) about $28 billion for BP’s share its Russian joint venture TNK-BP. BP’s partner in the venture is a Russian firm,…
Nokia Corp. (NYSE: NOK) reported third quarter results before markets opened this morning. The mobile handset maker posted a net loss of €0.07 (about $0.09) per share on revenues of €7.2 billion (about $9.4…
Verizon Communications Inc. (NYSE: VZ) reported third-quarter results before markets opened this morning. The telecommunications giant posted adjusted diluted earnings per share (EPS) of $0.64 on revenues of $29 billion. In the same period…
Both Kinder Morgan Energy Partners L.P. (NYSE: KMP) and Kinder Morgan Inc. (NYSE: KMI) reported third quarter results today. KMP will pay a distribution of $1.26 per common unit, more than double the consensus…
The three major U.S. stock indexes opened lower this morning, and never really got untracked all day. Spanish 10-year bond yields fell 28 basis points to around 5.51%, while Spain again demurred on its…
Internet security providers Check Point Software Technologies Ltd. (NASDAQ: CHKP) and Fortinet Inc. (NASDAQ: FTNT) both reported weaker than expected results for the third quarter and both lowered fourth quarter forecasts. Another competitor, Sourcefire…
Last week we noted that Royal Dutch Shell plc (NYSE: RDS-A) (NYSE: RDS-B) had applied for a permit to export U.S. crude. BP plc (NYSE: BP) has already received a permit to export U.S.…
Medicaid insurance provider Centene Corp. (NYSE: CNC) today announced that it is exercising its contractual right to discontinue offering its Medicaid managed care in the state of Kentucky. The state and the company have…
After markets closed last night, Apollo Group Inc. (NASDAQ: APOL), which owns and operates the University of Phoenix, reported a better-than-expected earnings per share (EPS) of $0.52, but revenues fell 11% compared with the…
The U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories increased by 2.9 million barrels last week, bringing the total U.S. commercial crude inventory to 369.2…
We learned last week that there were 6 billion mobile device users in the world. Today, research firm Strategy Analytics said that the number of global smartphone users has topped 1 billion. The company…
New housing starts in September soared to an annual seasonally adjusted rate of 872,000, an increase of 15% from the revised August rate of 758,000 and a gain of 34.8% above the September 2011…
PepsiCo Inc. (NYSE: PEP) reported fiscal third-quarter results before markets opened this morning. The food and beverage company posted adjusted diluted earnings per share (EPS) of $1.21 on revenues of $16.65 billion. In the…
Halliburton Co. (NYSE: HAL) reported fiscal third-quarter results before markets opened this morning. For the quarter, the oil and gas services company posted adjusted diluted earnings per share (EPS) of $0.67 on revenues of…
The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a drop of 4.2% in the group’s seasonally adjusted composite index compared with last week’s decrease of 1.2%. Unadjusted,…
CSX Corp. (NYSE: CSX) reported fiscal third quarter results before markets opened this morning. For the quarter, the railroad operator posted diluted earnings per share (EPS) of $0.44 on revenues of $2.89 billion. In…