With 80% of the 120 companies it tracks having reported first quarter 2012 results, research firm Retail Metrics says that retailers who beat earnings estimates are up 5% year-over-year for the period, considerably higher…
courtesy Facebook Inc.Investors can’t seem to part with shares of Facebook Inc. (NASDAQ: FB) fast enough. Nearly 90 million shares traded hands today, and the buyers had to be optimists. Shares opened at $32.61…
The three major US stock indexes opened slightly higher this morning following their European and Asian counterparts, none of which were the least concerned about a downgrade to Japanese debt or dire predictions from…
Here’s what Patriot Coal Corp. (NYSE: PCX) had to say this afternoon about the $625 million term loan it couldn’t close last week: Earlier this month,Patriot Coal Corporation (PCX) announced that it entered into…
Research firm IHS Global Insight reports new data showing that four states — Alaska, Louisiana, North Dakota, and Texas — have or will soon post unemployment rates equal to or better than those they…
Shares of Patriot Coal Corp. (NYSE: PCX) are in freefall this afternoon on a report from Debtwire that the company is seeking a firm to help with its restructuring. The Debtwire report cited at…
The National Association of Realtors (NAR) issued its monthly report on existing home sales for April this morning, and the news was about what was expected. Sales rose 3.4% in the month at a…
courtesy Facebook Inc.Facebook Inc. (NASDAQ: FB) shares are ticking back up as we approach noon today. Nearly 56 million shares have traded hands so far this morning, making it today’s second most active stock.…
The month-long slide in crude oil prices has chopped the share price of many of the biggest names in the oil patch. Exxon Mobil Corp. (NYSE: XOM) is about -4% in the past month,…
Shares of Facebook Inc. (NYSE: FB) traded down nearly -7.5% in pre-market action this morning and opened down at $32.59 after closing at $34.03 last night. The stock is down about -26% below its…
Natural gas prices have been rising, getting to around $2.75/thousand cubic feet last week before falling back a little to around $2.69. At this level, coal once again enters the picture, as prices for…
Electronics retailer Best Buy Co. Inc. (NYSE: BBY) reported first quarter results this morning that were better than expected and the company’s shares are getting a much-needed bounce. The company reported adjusted EPS of…
The International Atomic Energy Agency (IAEA) and the government of Iran have agreed to a new inspection plan that gives the IAEA access to previously closed Iranian nuclear development facilities. The agreement was reached…
The three major US stock indexes opened higher this morning as what seems to be a declaration of love for Greece at the G8 summit meeting pushed down fears that the Greeks would leave…
A ruling by a US International Trade Commission judge has declared a patent claimed by Eastman Kodak (OTC: EKDKQ) to be invalid, casting even more doubt on the value of the iconic photography company…
Until now, the evidence that manufacturing is moving back to the US from offshore — a process sometimes called ‘re-shoring’ — has been largely anecdotal. Manufacturing jobs have been growing according to reports from…
When a CEO lays out good money to purchase shares of his company at market prices, that’s usually a positive signal to shareholders. Such is the case with Continental Resources Inc. (NYSE: CLR) this…
Jamie Dimon, CEO of JPMorgan Chase & Co. (NYSE: JPM) told an investor’s conference this morning that the bank would suspend its share buyback program as the company pays down its losses on its…
Eaton Corp. (NYSE: ETN), a diversified industrial company that is best known for its power management equipment, has announced that it is acquiring Ireland-based Cooper Industries (NYSE: CBE) for a total of about $11.8…
Earlier this month Micron Technology Inc. (NASDAQ: MU) was named the top bidder in the auction for bankrupt Japanese DRAM maker Elpida Memory. Now, it seems that some creditors think that Micron’s $2.5 billion…