Speculation continues to grow that Google Inc. (NASDAQ: GOOG) will release a tablet device later this year and join the gaggle of competitors chasing the iPad from Apple Inc. (NASDAQ: AAPL). The New York…
Driving continues to get more expensive for Americans, who are now paying an average of $3.911/gallon of regular unleaded gas according to AAA’s Fuel Gauge Report. That’s almost a nickel/gallon more than US drivers…
Markets opened slightly higher this morning but have been wobbling around the neutral line for the whole day. This morning’s report on the decline of housing prices (our coverage here) and the drop in…
This morning’s report on the S&P Case-Shiller housing price index indicated that housing prices continue to fall in the US (our coverage here). Shortly before the January data was released, homebuilder Lennar Corp. (NYSE:…
In a second day of argument, the US Supreme Court today seemed to indicate that the majority of justices are coming down against the individual mandate in the health care reform act known as…
After just five months on the job, Sears Holding Co. (NASDAQ: SHLD) marketing head Monica Woo has left the company. She is moving to privately held Mozido, a provider of white-label multi-channel financial services.…
Foster Wheeler LLC, a subsidiary of Swiss-based construction firm Foster Wheeler AG (NASDAQ: FWLT), snagged a ratings boost from Moody’s today. The company’s debt is now rated ‘Baa3’ with a stable outlook. A Moody’s…
After the markets closed last night, Oclaro Inc. (NASDAQ: OCLR) and Opnext Inc. (NASDAQ: OPXT) announced a definitive merger agreement that will give Opnext shareholders 0.42 shares of Oclaro common stock for each share…
Mobile advertising network Millennial Media Inc. filed its Form S-1 with the SEC in early January with a suggested price range of $11-$13/share. The company filed an amended S-1 today, lifting the proposed price…
For the month of February, the percentage of single-family homes that were three or more months behind in payments fell to 3.57%, the first time since August 2011 that the month-to-month change has fallen.…
Oil supermajor BP plc (NYSE: BP) has sold its southern gas assets in the North Sea to the UK’s Perenco UK Ltd for $400 million in cash. The sale is part of the company’s…
The enormously popular Angry Birds game released a new version last week, called Angry Birds Space, and so far consumers have downloaded some 10 million copies of the game, which is available for the…
Chinese meat and food processor Zhongpin Inc. (NASDAQ: HOGS) announced today that the company’s chairman, Xainfu Zhu, has submitted an offer to acquire all the outstanding shares he doesn’t already own for $13.50/share in…
New York Federal Reserve President, and vice-chair of the FOMC, William Dudley told a House subcommittee hearing today that the US has done as much as it needs to — for now — to…
The Conference Board released its consumer confidence index this morning, and US consumers are showing less enthusiasm about the economy in March than they did in February: Consumer Confidence pulled back slightly in March,…
In its monthly report on manufacturing activity in the central Atlantic states, the Federal Reserve Bank of Richmond notes that, “ll broad indicators—including shipments, new orders, and employment—continued to grow but at a rate…
A leaking well in the North Sea continues to hamper crude oil production from the Elgin field operated by Total SA (NYSE: TOT). The company has shut-in about 130,000 barrels/day of oil equivalent as…
Development stage drug maker Targacept Inc. (NASDAQ: TRGT) is having its troubles these days. Earlier this month the company said it would not seek US Food and Drug Administration approval for its TC-5214 anti-depressant…
UK-based mining giant Rio Tinto plc (NYSE: RIO) is mulling over the idea of shedding its diamond mining and production operations. The company’s review follows by two weeks reports that another mining giant, BHP…
Privately held Bausch + Lomb Inc. has made ISTA Pharmaceuticals Inc. (NASDAQ: ISTA) an offer it can’t refuse. The eye care company owned by private equity firm Warburg Pincus will acquire ISTA for $9.10/share,…