Jon OggState Street Corp. (NYSE: STT) and Bank of New York Mellon Corp. (NYSE: BK) will begin charging depositors to hold Danish kroner and Swiss francs. The two custody banks will charge money managers,…
In a new report issued today, the International Energy Agency (IEA) declares that “Iraq’s energy sector holds the key to the country’s future prosperity and can make a major contribution to the stability and…
Sears Holdings Corp. (NASDAQ: SHLD) announced this morning that it has completed the subscription period for its rights offering that will spin off the company’s Sears Hometown and Outlet stores. The rights offering was…
Consumer products company Spectrum Brands Inc. (NYSE: SPB) today announced that it has signed a definitive agreement to acquire the hardware and home improvement division of Stanley Black & Decker Inc. (NYSE: SWK) for…
Last week the International Organization of Securities Commissions (IOSCO) issued a report largely gave the world’s oil trading markets a pass. It didn’t want to, but the original draft which called for more transparency…
The three major U.S. stock indexes opened lower this morning as banks and bond markets were closed in the U.S. The World Bank cut its forecast for Chinese economic growth in 2012 to 7.7%…
Fitch Ratings today bestowed a ‘AAA’ rating on the European Stability Mechanism (ESM) that began its operations today and replaced the temporary European Financial Stability Fund (EFSF). Fitch’s rating is based on the following…
courtesy Barnes & Noble Inc.Barnes & Noble Inc. (NYSE: BKS) CEO William Lynch said today that orders for the company’s just introduced Nook HD and Nook HD+ devices are coming in at “the highest…
Iran’s currency, the rial, has been hit with hyper-inflation over the last years, rising from about 10,000 rials to the U.S. dollar to more than 35,000 as of last week. The inflation rate has…
While solar panel makers have been suffering from falling prices and over-capacity, U.S. solar installers have been taking advantage of the cheap panels and devising new financing schemes to grow their businesses. One of…
Wikimedia commons / Stefan KühnJapan’s economics minister Seiji Maehara said Friday that the country’s nuclear power plants could be restarted if the Japan’s new atomic energy regulatory body determines that the plants are safe…
In early September, activist investor Carl Icahn demanded four seats on the board of Navistar International Corp. (NYSE: NAV), calling the appoint of Lewis Campbell as chairman and interim CEO “worse than ill-advised.” The…
courtesy BP plcMarathon Petroleum Corp. (NYSE: MPC) announced this morning that it has purchased the 451,000 barrel per day Texas City refinery from BP PLC (NYSE: BP) for $598 million. Included in the sale…
Wal-Mart Stores Inc. (NYSE: WMT) this morning announced an agreement with American Express Co. (NYSE: AXP) on a prepaid credit card called Bluebird that the two companies ran as a pilot program last year…
Chemical maker TPC Group Inc. (NASDAQ: TPCG) in late August agreed to a buyout by private equity firms First Reserve Capital and SK Capital Partners at $40 a share. That valued the company at…
U.S. health insurer UnitedHealth Group Inc. (NYSE: UNH) today announced that it is acquiring Brazilian health insurer Amil Participacoes S.A. for $4.3 billion in cash. The total deal is worth $4.9 billion, but UnitedHealth…
Electronic health-records provider Allscripts Healthcare Solutions Inc. (NASDAQ: MDRX) said late last month that it would explore a sale of the company. Bloomberg is reporting this morning that private equity firms Blackstone Group LP…
Google Inc. (NASDAQ: GOOG), the second most valuable tech company in the world, today launches a program in the United Kingdom that will help its customers finance online advertising purchases. The service is expected…
The three major U.S. stock indexes opened higher this morning following the Department of Labor’s report that headline unemployment in the U.S. fell to 7.8%, the lowest reading since January 2009 (more coverage here).…
Today’s collapse in Zynga Inc. (NASDAQ: ZNGA) shares was predictable given last night’s downward revision for quarterly earnings expectations. What was not predictable was today’s rise in shares of Groupon Inc. (NASDAQ: GRPN). Groupon…