Just a few days ago, the European Central Bank (ECB) took €820.8 billion (about $1.08 trillion) in overnight deposits, a record amount. Last night deposits totaled €727.74 billion, considerably lower, but higher than Wednesday’s…
Markets opened higher this morning after positive news on new unemployment benefits claims and manufacturing (more coverage here). Indexes have risen more or less steadily all day, with the S&P set to close above…
China, India, and Brazil represent the strongest market opportunities for smartphone makers for the period form 2012 through 2016. International Data Corp. (IDC) says that China, which has overtaken the US as the smartphone…
The number of twenty-foot cargo containers (TEUs) landing at US ports in January totaled more than 1.475 million, a year-over-year increase of 4.1% and an increase of 11% over December imports. January makes the…
Analysts at Deutsche Bank upgraded two LED makers this morning and the effect is rippling through through the other names in the industry. Aixtron SE (NASDAQ: AIXG) and Veeco Instruments Inc. (NASDAQ: VECO) were…
Sales of microprocessors for personal computers rose 13.2% year-over-year in 2011 according to data released today by International Data Corp. (IDC). Intel Corp. (NASDAQ: INTC) grabbed 80.1% of global market share and Advanced Micro…
Shortly after noon ET today, the three major US stock indexes have all moved solidly higher. The DJIA is up nearly 25 points at around13,219, the Nasdaq up nearly 10 points at 3,050, and…
Canadian grain handling company Viterra Inc. (OTC: VTRAF.PK) is reported to have three potential buyers in its data room, in advance of making an offer to acquire the firm. Bloomberg News is reporting that…
US pipeline company Kinder Morgan Inc. (NYSE: KMI) has reached a tentative agreement with the US Federal Trade Commission (FTC) on asset sales that Kinder Morgan must make in order to get FTC approval…
The US Energy Information Administration today reported the US natural gas stocks fell by a total of 64 billion cubic feet, higher than the drawdown of 56-60 billion cubic feet that analysts had expected.…
The CEO of Frontline Ltd. (NYSE: FRO) told Reuters that the demand for oil tankers is unexpectedly high right now as imports to China swell. This could be good news for other tanker lines…
The three major US equities indexes opened higher this morning following a reported drop in new claims for unemployment benefits. The US producer price index rose pretty much in-line with expectations (more coverage here)…
The US Treasury Department has released its Treasury International Capital (TIC) report for January, and the data shows that foreigners continue to be net buyers of long-term US debt. China added $8 billion to…
Steel-maker Nucor Corp. (NYSE: NUE) released guidance for its first quarter of 2012 that is about 50% less than consensus estimates. The company said that EPS for the first quarter would be $0.30-$0.35 versus…
The New York Fed’s Empire State manufacturing index came out this morning at 20.2 its fourth consecutive positive reading. The index measures manufacturing activity in New York state. Economists had been expecting a reading…
Cisco Systems Inc. (NASDAQ: CSCO) has announced that it will acquire London-based video software and content security firm NDS Group Ltd. for approximately $5 billion, including debt and retention bonuses. NDS is 49% owned…
US index futures are higher this morning as investors wait for a slew of data including the report on new unemployment benefits claims and two reports on manufacturing growth. In Europe, yields on short-term…
China Petroleum & Chemical Corp., known popularly as Sinopec (NYSE: SNP), has said that it will acquire all the overseas oil & gas assets of parent company China Petrochemical Corp., better known as Sinopec…
South Korean-owned solar panel maker Hanwha SolarOne Co. Ltd. (NASDAQ: HSOL) reported fourth quarter and full-year earnings this morning, and the company may have put up the worst numbers yet for any solar maker.…
Stocks opened modestly higher this morning and have wiggled around the neutral line all day. No significant news came out that would have influenced market action much one way or another. The dollar index…