Internet behemoth Amazon.com Inc. (NASDAQ: AMZN) is considering acquiring the smartphone chip division of Texas Instruments Inc. (NASDAQ: TXN). The report of the talks, which are said to be “advanced,” comes from an Israeli…
Crop-nutrient maker Yongye International Inc. (NASDAQ: YONG) has announced that a consortium led by the company’s chairman and CEO has made a preliminary, nonbinding offer of $6.60 a share in cash to take the…
The European Union (EU) this morning announced that it has taken “further measures to ensure that EU financial institutions do not process funds that could contribute to Iran’s nuclear programme or to the development…
ClearwireThe $20.1 billion that Japan’s SoftBank Corp. has agreed to pay for a 70% stake in Sprint Nextel Corp. (NYSE: S) does not include any condition that Sprint increase its stake in Clearwire Corp.…
Coal miner Consol Energy Inc. (NYSE: CNX) this morning said that the company would report a net loss for the third quarter that ended on September 30. The company’s CFO said: While precise figures…
Guiding a full oil tanker onto the rocks in the Strait of Hormuz would create an environmental disaster that would force governments hostile to Iran to participate in the clean-up, essentially lifting the current…
The U.S. government deficit for fiscal year 2012 topped $1 trillion for the four consecutive year. The deficit actually fell 16% compared with the 2011 deficit and the budget ran a surplus of $75…
The three major U.S. stock indexes opened flat this morning, and after a brief stay in positive territory, shares went negative and remained no better than flat for most of the day. In Asia,…
Solid-state drive maker OCZ Technology Group Inc. (NASDAQ: OCZ) said today that it “cannot currently estimate the exact filing date of the Form 10-Q for the quarter ended August 31, 2012.” Earlier this week…
The defense industry has been warning about the effects of the coming fiscal cliff for several months now. If Congress fails to come to a resolution on how the U.S. will begin to solve…
The rumors of a an iPad mini from Apple Inc. (NASDAQ: AAPL) appear to be true. The Wall Street Journal’s AllThingsD blog reports today that the company has sent out invitations to a special…
Earlier this week we noted that some workers at Wal-Mart Stores Inc. (NYSE: WMT) had walked off the job at a few stores around the country. The walkouts were primarily aimed at alleged retaliation…
Earlier this year, French carmaker PSA Peugeot Citroen SA and General Motors Co. (NYSE: GM) created an alliance to pursue joint development and supply chain synergies in the European automobile market. Today, reports French…
As natural gas prices rise along with a forecast for a colder winter in the U.S., U.S. coal stocks have benefited from a burst of enthusiasm since early October. Share prices have jumped as…
Independent oil and gas company Linn Energy LLC (NASDAQ: LINE) today priced an IPO of its wholly owned subsidiary LinnCo LLC (NASDAQ: LNCO) at $36.50 per common share. The company had earlier said that…
Sears Hometown and Outlet Stores Inc. (NASDAQ: SHOS) began trading today following the close earlier this week of the rights offering from Sears Holdings Corp. (NASDAQ: SHLD). Shares were initially valued at $31 and…
The recent recovery in home sales and prices is “more durable” than previous blips in the housing market, according to the latest MarketPulse Report from CoreLogic (NYSE: CLGX). In its October report, the analytics…
Anglo-Dutch oil supermajor Royal Dutch Shell PLC (NYSE: RDS-A) (NYSE: RDS-B) is seeking permission from the U.S. Department of Commerce to export U.S.-produced crude oil. Under current law, such exports are prohibited without a…
J.P. Morgan Chase & Co. (NYSE: JPM) reported fiscal third-quarter results before markets opened this morning. The banking and finance giant posted record diluted earnings per share (EPS) of $1.40 on revenues of $25.9…
courtesy International Energy AgencyIn its Medium-Term Oil Market Report released today, the International Energy Agency (IEA) estimates that demand for crude will rise by 1.1 million barrels a day in each of the next…