Alcoa Inc. (NYSE: AA) kicks off the new earnings season after the markets close today, and according to S&P Capital IQ consensus estimates, it looks like earnings are going to be off to a…
Penn Virginia Resource Partners LP (NYSE: PVR) today announced its acquisition of Chief Gathering LLC, a privately held mid-stream company which owns six natural gas gathering systems in the Marcellus shale play in Pennsylvania.…
When the financial going gets tough, Americans would rather change their eating habits than give up text messaging, cable TV, or Internet downloads. That’s the finding of a survey conducted on behalf of the…
The International Monetary Fund (IMF) is considering lowering its estimate of future Chinese trade surpluses in the next World Economic Outlook due later this month. The IMF’s current forecast could be lowered to 5%,…
The Organization for Economic Cooperation and Development (OECD) said today that the world’s developed countries are showing signs of economic growth, led by the US and Japan. The OECD’s index of composite leading indicators…
The Android smartphone operating system from Google Inc. (NASDAQ: GOOG) grabbed nearly 70% of sales in China during the fourth quarter of 2011 according to a new report from Chinese research firm Analysys International.…
Color technology provider X-Rite Inc. (NASDAQ: XRIT), owner of the widely used Pantone color system, has agreed to be acquired by conglomerate Danaher Corp. (NYSE: DHR) for $5.55/share in a deal worth about $625…
US index futures are slightly higher this morning, but they have been losing ground steadily. In Europe, yields on Spanish bonds are up again, which combines an ever stronger belief that additional easing is…
LED lighting maker Cree Inc. (NASDAQ: CREE) has succeeded in making an LED streetlight that sells for less than $200 when purchased in volume. Provided the company can actually make a profit on the…
Between 2005 and 2010, more than 1 million undocumented Mexican immigrants into the US returned to Mexico, many for good. That number is about triple the number of undocumented immigrants who returned to Mexico…
Markets opened lower this morning on the first trading day in the US following last week’s poor report on non-farm payrolls. Higher-than-expected inflation in China also caused led some observers to suggest that the…
Despite the fact that Easter and Passover holiday may not be the best time to launch a new product, Amazon. com Inc. (NASDAQ: AMZN) reports that the Lumia 900 from Nokia Corp. (NYSE: NOK)…
Oneok Partners LP (NYSE: OKS) this morning announced that it plans to build a 1,300-mile pipeline from the Bakken shale in North Dakota to Cushing, Oklahoma, at a cost of $1.5-$1.8 billion. The pipeline…
Concerns about the global economic recovery and the ability of emerging markets, especially China, to keep growing are affecting prices for many commodities, including coal. Adding to coal’s problem is that US electricity generation…
Workforce management software maker ClickSoftware Technologies Ltd. (NASDAQ: CKSW) this morning forecast revenue for its first fiscal quarter at approximately $21.6 million, substantially lower than the $23.4 million consensus analyst estimate. The company said…
Pretty much as expected, the bidding for Great Wolf Resorts Inc. (NASDAQ: WOLF) is heating up. Last week the company got an offer from K-9 Acquisition Inc., an affiliate of Apollo Global Management LLC…
AT&T Inc. (NYSE: T) announced this morning that it had sold its advertising solutions and interactive divisions to an affiliate of Cerberus Capital Management LLC for $750 million in cash, a $200 million note,…
US index futures are down sharply this morning as investors express concern over last week’s lower-than-expected US job gains. Asian markets especially are worried that projected growth of US GDP is in danger. Also…
The board of directors of Avon Products Inc. (NYSE: AVP) have named Sherilyn McCoy as the company’s new CEO. McCoy has spent virtually her entire professional career with Johnson & Johnson (NYSE: JNJ), where…
In the first of a two-part post, Netflix Inc. (NASDAQ: NFLX) describes how it has fine-tuned its recommendation algorithms over the past couple of years and indicates the direction the company will follow in…