Google Inc. (NASDAQ: GOOG) is nothing if not determined to slice off a share of Apple Inc.’s (NASDAQ: AAPL) dominance of the market for personal media. At the company’s I/O developer’s conference today, Google…
Chemical and biofuels maker Gevo Inc. (NASDAQ: GEVO) announced this morning that it “intends to offer and sell, subject to market and other conditions, shares of its common stock and convertible senior notes due…
At a meeting in New York this morning, Exxon Mobil Corp. (NYSE: XOM) CEO Rex Tillerson said that his company is “losing our shirts” on natural gas production. Did he just notice that prices…
The OECD has just released its Economic Survey of the United States, and once the word gets out, the report is likely to spark a lot of interest among the chattering class. The argument…
Homebuilder Lennar Corp. (NYSE: LEN) reported second quarter earnings today that handily beat both EPS and revenue estimates. Excluding a one-time tax gain, the company posted EPS of $0.21 compared with a consensus estimate…
Flickr, Images of MoneyThe Mortgage Bankers Association today released its weekly survey on mortgage applications, noting that total volume fell by -7.1% on both a seasonally adjusted and unadjusted basis. The refinance index fell…
General Mills Inc. (NYSE: GIS) reported fourth quarter and full fiscal year earnings this morning, posting mixed results and offering an outlook for the 2013 fiscal year that came in below consensus estimates. For…
An appeals court in the District of Columbia has ruled that the US Environmental Protection Agency was “unambiguously correct” in taking steps to set limits on greenhouse gas emissions. The three-judge panel unanimously upheld…
The three major US stock indexes opened slightly higher this morning as markets didn’t get any more bad news from Europe and got some good news on housing prices from the S&P Case-Shiller housing…
At last week’s Rio+20 conference in Brazil, a representative of Standard & Poor’s Latin American office told a panel on sustainable development that “banks and utilities are unlikeloy to provide financing of about $1…
The projected US corn crop is currently in worse condition than it’s been in since 2002, which were then the worst since 1990. Only 56% of this year’s crop was judged to be in…
With the possible exception of very modest good news from the housing front, US economic data has simply taken a turn south. And consumer confidence is among the front runners. Today’s report from the…
The Conference Board and State Street Global Markets both released confidence surveys today, with one falling and the other rising. The Conference Board’s Consumer Confidence Index fell -2.4 points in June, from 64.4 in…
It’s hard to say that things got worse for solar panel makers today, but it’s easy to say that things did not get better. LDK Solar Co. Ltd. (NYSE: LDK) reported results the first…
US home prices rose an average of 1.3% in April according to the latest S&P Case-Shiller home price index. Prices rose in both the 10-city and 20-city indexes after seven consecutive months of decline.…
Retails sales for the month of June are expected to show only modest growth according to research firm Retail Metrics Inc. June is not a particularly good month for most retailers, and this year…
Dry bulk shipper Eagle Bulk Shipping Inc. (NASDAQ: EGLE) filed a Form S-3 with the SEC this morning announcing the sale of up to 3.15 million shares of common stock priced at $2.84. Shares…
Earlier this month Las Vegas Sands Corp. (NYSE: LVS) withdrew its appeal of a decision by the Chinese government that denied the company a permit to construct a new casino on property it had…
The three major US stock indexes opened lower this morning as markets have begun to reach the conclusion that this week’s Eurozone summit is not likely to resolve the continent’s financial crisis. Spain has…
The US Energy Information Administration today published its Annual Energy Outlook for 2012, which includes the agency’s projections for energy use through 2035. The AEO, as its called, also includes projected energy use electricity…