Natural gas producer Sempra Energy (NYSE: SRE) said today that a subsidiary has added 7.5 billion cubic feet of natural gas storage capacity at the company’s hub in Simpson County, Mississippi. The addition doubles…
At what might be the conclusion of a courtship that has lasted for more than two years, Hertz Global Holdings Inc. (NYSE: HTZ) is asking shareholders of Dollar Thrifty Group Inc. (NYSE: DTG) to…
Spain continues to talk with other Eurozone countries over the conditions that the country would have to meet in order to secure funds to help with its rising borrowing costs. In an exclusive report…
Digital media research firm comScore Inc. (NASDAQ: SCOR) has released its ranking of the top 50 U.S. web properties for July and the list is topped by the usual suspects. comScore counted a total…
The U.S. Energy Information Administration (EIA) today reported the US natural gas stocks rose by a total of 47 billion cubic feet, higher than the 38 billion cubic feet that analysts were expecting. Natural…
China’s ministry of commerce raised its rare earth minerals export quotas for 2012 to nearly 31,000 tons yesterday, up from just over the previous limit of just over 30,000 tons. The increase comes despite…
The U.S. Census Bureau this morning released data on new single-family home sales for July. Economists had been expecting a seasonally adjusted annual rate of 365,000, and were pleasantly surprised by a reported increase…
Financial research firm Markit this morning reported that the flash PMI index for the Eurozone has contracted for the seventh consecutive month in August. The August reading of 46.6 is virtually unchanged from July’s…
The Opel division of General Motors Co. (NYSE: GM) has been unprofitable for so long that the U.S. automaker has more than once considered shutting the operations down. Today, however, Opel lives on after…
Big Lots Inc. (NYSE: BIG) reported second quarter EPS of $0.36 on $1.18 billion in sales before markets opened today. In the same period a year ago, the discount retailer reported EPS of $0.50…
The first official warning of food price increases due to the U.S. drought came last month, when the U.S. Department of Agriculture forecast an increase of 2.5% to 3.5% for food consumed at home…
In a closely watched case related to the construction of the Keystone XL pipeline, a judge in Texas has ruled against a landowner and in favor of TransCanada Corp. (NYSE: TRP) in a decision…
flickr/incendiarymindAccording to a study released late today by Pew Research Center, 85% of the American middle class say that it is harder to maintain their standard of living now than it was 10 years…
Hewlett-Packard Co. (NYSE: HPQ) reported adjusted third-fiscal quarter EPS of $1.00 on $29.7 billion in sales after markets closed today. In the same period a year ago, the high-tech giant reported EPS of $1.10…
The three major US stock indexes opened lower this morning after Japan reported an unexpected plunge in its exports in July (our coverage here). In Europe there was not economic news out today, and…
According to Gallup’s latest annual Work and Education poll, 40% of US workers are worried that their job benefits will be cut in the near future. Only 28% are worried about pay cuts or…
In a report from the Fair Labor Association (FLA) published yesterday, Apple Inc. (NASDAQ: AAPL) supplier Hon Hai Precision Industry Co., better known as Foxconn, is ahead of schedule on correcting a total of…
While M&A activity might be slower this year than it was last, there is one buyer that has picked up the pace. Actually, a number of buyers from one country: China. And their sights…
According to the latest data from the Congressional Budget Office (CBO), the US budget deficit for the fiscal year ending September 30th is now forecast at $1.1 trillion. That’s lower than the deficit forecast…
The U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories fell by 5.4 million barrels last week, bringing the total U.S. commercial crude inventory to 360.7…