Following Governor Romney’s statement in Wednesday night’s presidential debate that, “I love coal,” coal stocks got a nice boost in yesterday’s trading, with shares rising nearly 12% at James River Coal Corp. (NASDAQ: JRCC)…
Three of Europe’s leading economic institutes today lowered their economic growth forecasts for the eurozone. Germany’s Ifo Institute, France’s Insee, and Italy’s Istat all predict now that the single currency union will enter a…
About 14% of the total federal government workforce could lose their jobs if U.S. lawmakers cannot figure out a way to avoid the looming fiscal cliff. That’s 277,000 non-military jobs, of which 48,000 would…
Specialty retailer The Wet Seal Inc. (NASDAQ: WTSLA) announced this morning that it had reached an agreement with private equity firm Clinton Group that resulted in four of the retailer’s directors resigning from the…
Shares of First Solar Inc. (NASDAQ: FSLR) are down more than 8% in early trading today following a downgrade from Avian to Negative and a report that one of the components in the company’s…
The long-awaited conclusion to the acquisition of Dollar Thrifty Automotive Group Inc. (NYSE: DTG) by Hertz Global Holdings Inc. (NYSE: HTZ) is going to take a little longer. Hertz announced this morning that it…
Intellectual property firm Vringo Inc. (NYSEMKT: VRNG) has announced a secondary stock offering of 10.34 million shares in direct offering at a price of $4.35 a share. The company expects gross proceeds of $45…
In a tracking survey that estimates the percentage of the U.S. population employed at least 30 hours a week, Gallup reports that the Payroll to Population (P2P) employment rate fell from 45.3% in August…
Constellation Brands Inc. (NYSE: STZ) reported fiscal second-quarter 2013 adjusted diluted earnings per share (EPS) of $0.71 on revenue of $699 million. In the same period a year ago, the premium wine and beverage…
Biopharmaceutical firm Cell Therapeutics Inc. (NASDAQ: CTIC) announced a secondary offering this morning of 60,000 shares of its Series 17 preferred stock at a price of $1,000.00 per share: Each share of Series 17…
ZyngaZnyga Inc. (NASDAQ: ZNGA) futures are plunging this morning following last night’s warning on revenue and earnings. In its announcement the company said: We’re addressing these near-term challenges by implementing targeted cost reductions in…
A gallon of unleaded gasoline cost an average of $4.49 in California yesterday. In San Francisco, gasoline is a dime per gallon more expensive. Gas stations are closing either because they cannot get gasoline…
More small businesses shed employees in September than added new employees, according to the latest survey from the National Federation of Independent Businesses (NFIB). The net change in seasonally adjusted employment per business fell…
The three major U.S. stock indexes opened higher this morning, reaching a peak after the first half-hour of trading following an inline report on new jobless claims (more coverage here) and no changes to…
Four major oil and gas companies have reached an agreement on the route of an 800-mile natural gas pipeline to transport gas from Alaska’s North Slope to a port on the state’s southern coast.…
courtesy Barnes & Noble Inc.Microsoft Corp. (NASDAQ: MSFT) and Barnes & Noble Inc. (NYSE: BKS) announced a joint venture in April that would build on the two partners’ innovations in e-readers. Today the deal…
Ahead of tomorrow’s official release of the U.S. unemployment rate, Gallup today said that its non-seasonally adjusted rate fell from 8.1% in August to 7.9% in September. The final September figure is identical with…
Dan Loeb’s hedge fund, Third Point LLC, has put together a “significant” stake in Murphy Oil Corp. (NYSE: MUR) and filed with the SEC to buy even more. Murphy today acknowledged that it continues…
The market for notebook PCs will continue to grow for the next few years, but not fast enough to hold its current market share lead against Ultra-slim PCs, according to tech research firm NPD…
The U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks rose by a total of 77 billion cubic feet, somewhat higher than the 71 billion cubic feet that analysts were expecting.…