The three major US stock indexes opened higher this morning following the release of Chinese GDP and other data. The Middle Kingdom’s GDP grew at a rate of 7.6% in the second quarter, down…
In a speech today in Mississippi, Atlanta Fed President Dennis Lockhart reviewed the state of the nation’s recovery from the financial meltdown of 2008-2009, telling his audience that the difference between US GDP and…
Shares of Wal-Mart Stores Inc. (NYSE: WMT) posted an all-time high over $73/share this morning as investors continue to react to yesterday’s terrible earnings report from Supervalu Inc. (NYSE: SVU). In comments on Supervalu’s…
Ford Motor Co. (NYSE: F) announced today that sales in its 19 traditional western European markets fell by -16.1% in June and by -10.3% for the first half of 2012. The drop in June…
The US Department of Justice is delaying the proposed acquisition by Verizon Wireless of wireless broadband spectrum from SpectrumCo. Verizon Wireless is a joint venture of Verizon Communications Inc. (NYSE: VZ) and Vodafone Group…
Petroleo Brasileiro SAShares of Petroleo Brasileiros SA (NYSE: PBR), known as Petrobras, are up more than 5% this morning following a wholesale price hike on diesel fuel in Brazil. The state-controlled company had been…
Shares of Bridgepoint Education Inc. (NYSE: BPI) are collapsing today following the company’s disclosure that the for-profit school’s accrediting agency has asked for a report from Bridgepoint’s Ashford University, which has been placed under…
Led by the country’s largest producer of rare earth minerals, China is reported to be preparing the launch of a spot trading platform for rare earth minerals on August 8th. Reuters cites a report…
In a ruling that could change the way people watch TV, a New York judge has denied a petition for an injunction against TV-rebroadcasting start-up Aereo, a company partially backed by Barry Diller, Chairman…
In an effort to get around European sanctions on the sale of its crude oil, Iran changed both the names and the flag of many of its crude tankers. The change allowed the Iranian…
The three major US stock indexes opened lower this morning following yesterday’s release of the minutes of the June FOMC meeting which did not raise hopes for another round of Fed easing. Markets in…
Cheniere Energy Partners L.P. (NYSEMKT: CQP) has announced today that its has signed “firm financial commitments” for about $3.4 billion to develop, build, and put into service the first two natural gas liquefaction plants…
The US Department of Agriculture released its weekly drought monitor today, noting that rainfall in some parts of the US last week did almost nothing to alleviate the hardest-hit areas: nly a few scattered…
In its latest report on gambling revenues in the state, the Nevada Gaming Commission said that total revenue for May 2012 came in at $885.1million, down -10.05% compared with May 2011. For the first…
We reported this morning that Boeing Co. (NYSE: BA) was expected to announce an order today for 100 of its new 737 MAX aircraft from United Continental Holding Co. (NYSE: UAL) as the Farnborough…
Recently public companies Groupon Inc. (NASDAQ: GRPN) and Zynga Inc. (NASDAQ: ZNGA) rose sharply following their IPOs, but have taken a turn south that has taken shares off post-IPO highs by more than -70%…
Wikimedia, public domainResearch firm CoreLogic (NYSE: CLGX) reported today that both the number and total value of residential properties with negative equity declined in the first quarter of the year. As a percentage of…
Activist investor Carl Icahn has sent a letter to the non-executive members of the board of directors of Forest Laboratories Inc. (NYSE: FRX) asking them avoid a protracted proxy fight over his request to…
The former CEO of McDonald’s Corp. (NYSE: MCD), James Skinner, has been named the new non-executive chairman of the board of Walgreen Co. (NYSE: WAG). Skinner replaces Al McNally who has been the non-executive…
Shares of grocer Supervalu Inc. (NYSE: SVU) have lost more than -30% since the company announced quarterly results after the markets closed last night. We covered the gruesome details after the company reported its…