The US Energy Information Administration today reported the US natural gas stocks rose by a total of 62 billion cubic feet, considerably above the 53-57 billion cubic feet increase that analysts had expected. Natural…
US Senator Chris Coons (D-Delaware) is scheduled to introduce legislation today that would allow a wide range of renewable energy projects to qualify as master limited partnerships (MLPs). The partnerships are common among mid-stream…
Curiosity about the latest update to the iPhone from Apple Inc. (NASDAQ: AAPL) is reaching a heightened level following the posting of a video today at TheVerge, purporting to show the rear panel of…
The founder and board chairman of Best Buy Co. Inc. (NYSE: BBY), Richard Schulze, resigned today, just more than a month before his previous plan to step down as chairman at the company’s annual…
Canadian-based Agrium Inc. (NYSE: AGU) announced this morning that it would raise its semi-annual dividend to $0.50, more than double the previous $0.225 payment. The company’s CEO said: The further increase in our dividend…
Chesapeake Energy Corp. (NYSE: CHK) CEO Aubrey McClendon used his stake in the company’s wells to borrow more than $1.5 billion to pay for his share of the operating expenses of those wells. That…
China’s central bank, the People’s Bank of China, has announced an interest rate cut of 0.25% on both its lending and deposit rates. The new rates, which take effect tomorrow, will lower the one-year…
Debt-laden natural gas producer Chesapeake Energy Corp. (NYSE: CHK) is reportedly in discussions with private equity firm Global Infrastructure Partners (GIP) regarding a sale of Chesapeake’s stake in Chesapeake Midstream Partners L.P. (NYSE: CHKM)…
About 8 million cryptographic hashes have been posted to a user forum at insidepro.com that is dedicated to cracking passwords. Of the posted lists some 6.5 million entries are thought to belong to users…
The three major US stock indexes opened higher this morning despite the refusal of the European Central Bank to lower its interest rates (our story here) and a lower-than-expected rise in US labor costs…
Growth in mobile phone shipments this year is expected to be about 4%, the lowest growth rate since 2009. That’s according to the latest global mobile phone tracking data from IDC. Total phone shipments…
The country’s largest financial institutions are having another good day today, despite the announcement by the European Central Bank (ECB) early this morning that it would not be lowering interest rates. Shares of Bank…
Wikimedia Creative Commons, JohnnyMrNinjaAt the company’s annual meeting last week, Netflix Inc. (NASDAQ: NFLX) shareholders voted overwhelmingly to change the way the company’s board is structured. The vote was advisory only, but if the…
Just last week, A123 Systems Inc. (NASDAQ: AONE) filed a notice with the US SEC regarding the company’s ability to continue as a “going concern.” Nothing much has changed for the company since then,…
Ron Burkle and his Yucaipa funds have distributed nearly 12 million shares of Barnes & Noble Inc. (NYSE: BKS) to shareholders of two of the funds, according to a filing yesterday with the SEC.…
Barrick Gold Corp. (NYSE: ABX) announced this morning that it has replaced now-former CEO Aaron Regent and appointed the company’s now-former CFO, Jamie Sokalsky, as the new CEO, effective immediately. Sokalsky will also have…
Mattress maker Tempur Pedic International Inc. (NYSE: TPX) updated full-year and second-quarter guidance this morning and investors did not like what the company had to say. Sales in the second quarter “have been below…
More than $50 billion in defense spending is set to be chopped from the federal budget at the end of this year as part of the compromise deal reached last August that raised the…
The three major US stock indexes opened lower this morning, but only the DJIA remained negative until the afternoon. Economic news from Europe was mixed ahead of a G7 meeting related to Spain (our…
The current drop in crude oil prices is putting a little more cash in the pockets of consumers at the expense of the big integrated oil and refining companies. The reason is fairly simple:…