The continuing difficulty that Spain faces in persuading investors to buy the country’s sovereign debt got a little worse today. Treasury Minister Cristobal Montoro told a Spanish radio station that it is “technically impossible”…
courtesy Facebook Inc.Anyone hoping for a paper stock certificate to show off as a souvenir of ownership in Facebook Inc. (NASDAQ: FB) is going to be disappointed. The company has indicated through Computershare, its…
In a rare bit of good news, the ISM non-manufacturing index came in higher than expected this morning, at 53.7%, up 0.2% from April and the same amount above the consensus estimate. The price…
Yesterday’s announcement from Netflix Inc. (NASDAQ: NFLX) that the company would its own content delivery network (CDN) based on the Open Connect standard. White-box provider Intequus will build the servers which will feature 100…
Over the next five years, global demand for natural gas will rise at an average annual growth rate of 2.7% according to a report from the International Energy Agency (IEA) entitled Medium-Term Gas Market…
Since its introduction just over two years ago, the iPad from Apple Inc. (NASDAQ: AAPL) has either been the only tablet device on the market or the biggest seller by a very wide margin.…
The three major US stock indexes opened very slightly higher this morning, but soon turned south on a disappointing report on US factory orders (our coverage here). In Europe, Germany once again proposed a…
Delta Air Lines Co. (NYSE: DAL) reported May traffic numbers this morning and the results have been dragging down sector stocks. Here’s the root of the problem: While lower than recent guidance by one…
Late last Friday, Walgreen Co. (NYSE: WAG) issued a brief statement on the company’s dispute with Express Scripts Inc. (NASDAQ: ESRX): The parties have agreed to dismiss their respective claims, and no other action…
Last week China’s State Council adopted a plan to further develop seven industries that the government has declared strategic, even as the country’s economy slows down. The plan includes the launch of 20 major…
The board of directors of Chesapeake Energy Corp. (NYSE: CHK) has agreed to demands from its two largest shareholders, Southeastern Asset Management and Carl Icahn, to replace four of its independent directors. Southeastern will…
Natural gas producer Vanguard Natural Resources LLC (NYSE: VNR) announced this morning that it has agreed to purchase natural gas and liquids assets from privately held Antero Resources for about $445 million. The company…
Customer relationship management firm Salesforce.com Inc. (NYSE: CRM) has signed a definitive agreement to acquire privately held Buddy Media for approximately $689 million in cash and stock. The transaction is expected to close by…
The three major US stock indexes opened sharply lower this morning on weak PMI reports from Europe and even weaker news on US employment (our coverage here). The US ISM manufacturing index fell more…
At an investor conference today, the CEO of AT&T Inc. (NYSE: T) said that data-only subscription plans for wireless networks are “inevitable” as wireless revenues shift more heavily to data rather than voice transmission.…
Of the top 25 price gainers today, 15 are gold or silver miners, most are the juniors, and all are up about 9%-12%. Recent weak US employment news and a pricey dollar-euro exchange is…
Jon OggA sharply rising Japanese yen raises the possibility that the Bank of Japan will intervene in currency markets to push down the nation’s currency. The USD-JPY exchange rate plunged to 77.84 earlier this…
Paper and packaging giant International Paper Co. (NYSE: IP) today announced that it has sold three of its US paperboard mills for $470 plus working capital. The sale was required as part of the…
Coal stocks are taking another hit today, although there has been a slight bounce in the late morning. Buyers must hold the opinion that the stocks have reached or nearly reached a bottom. Certainly…
The April report on personal income and outlays from the Department of Commerce is out today. According to the Bureau of Economic Analysis, personal income rose 0.2% month-over-month in April in both current and…