Speaking at an event to tout Google Inc.’s (NASDAQ: GOOG) Motorola division, the company’s chairman — Eric Schmidt — said that Google is now activating 1.3 million Android-based devices every day. Of that number,…
Canadian pipeline company TransCanada Corp. (NYSE: TRP) today submitted a revised Supplemental Environmental Report to the state of Nebraska related to the company’s proposed Keystone XL pipeline project. Today’s submission offers TransCanada’s proposed re-routing…
The world’s largest producer of crude oil and its largest exporter of crude could become a net importer of crude in the next 20 years according to an analyst at Citigroup Inc. (NYSE: C).…
Nokia Corp. (NYSE: NOK), with an assist from Microsoft Corp. (NASDAQ: MSFT) this morning, announced two new smartphones from Nokia that will use Microsoft’s Windows Phone 8 operating system. The two tech giants did…
Today’s report that Intel Corp. (NASDAQ: INTC) plans to cut the power consumption of its Core line of chips by more than 40% shines a spotlight on the whole semiconductor sector. Intel’s dominance of…
At its meeting today in advance of tomorrow’s scheduled announcement of yet another plan to save the eurozone’s banking system, the European Central Bank (ECB) will discuss a plan put forward by ECB President…
In what to many investors must seem like a slow-motion effort to revive the company, Nokia Corp. (NYSE: NOK) today will introduce its latest smartphones running the Windows Phone 8 operating system from Microsoft…
The Mortgage Bankers Association released its weekly report on mortgage applications this morning, noting a 2.5% decline in the group’s composite index compared with last week’s total. Applications for refinancing fell 3% (seasonally adjusted),…
The explosion and sinking of the Deepwater Horizon in April 2010 killed 11 workers and spilled millions of barrels of crude oil into the Gulf of Mexico. BP PLC (NYSE: BP) has spent billions…
The world’s largest coffee store chain, Starbucks Inc. (NASDAQ: SBUX) will offer customers a $10 store gift card for $5 through daily-deal company Living Social, a competitor to Groupon Inc. (NASDAQ: GRPN). Starbucks made…
The three major U.S. stock indexes opened flat to slightly lower this morning after the three-day holiday weekend. PMI readings from Europe came out weaker than expected yesterday (our coverage here), as did the…
German drug and chemicals maker Merck KGaA said today it plans to cut 10% of its workforce by 2015. That means about 1,100 employees of the company’s 10,900 German-based staff will eventually be let…
The latest reading from Gallup’s August U.S. Economic Confidence Index is -27, on par with the January reading, matching the low for the year to date. The index’s highest reading for 2012 of -17…
Following its recent court victory in a patent infringement suit, Apple Inc. (NASDAQ: AAPL) is seeking an injunction on the sale of a number of products from Samsung Electronics (OTC: SSNLF). Sterne Agee’s Vijay…
courtesy Facebook Inc.Shares of Facebook Inc. (NASDAQ: FB) have now lost 50% of their value since the company’s March IPO. If you believe the Greek philosopher Zeno, this halving can go on indefinitely, but…
Solar stocks have fallen so far in the past year and a half that there doesn’t seem to be any further for them to fall. But that’s not the way the stocks are being…
Following the lead of Chrysler, which reported a year-over-year gain of 14% in August sales, Ford Motor Co. (NYSE: F) and General Motors Co. (NYSE: GM) both posted impressive U.S. sales gains in August.…
That did not take long. Amazon.com Inc. (NASDAQ: AMZN) announced today that it has signed a deal with premium entertainment network Epix to offer Epix content to Amazon Prime customers. Until last Friday, Netflix…
U.S. sales in August topped 148,000 units at Chrysler, the company’s highest total in five years, the carmaker reported today. Sales of the company’s light trucks came in at more than 25,000, up 19%…
Campbell Soup Co. (NYSE: CPB) reported adjusted fourth quarter 2012 earnings per share (EPS) of $0.41 on $1.61 billion in sales before markets opened today. In the same period a year ago, the food…