The Ekati diamond mind in northern Canada could be about to change hands. BHP Billiton plc (NYSE: BHP), which owns 80% of the mine, is reportedly in discussions with several potential buyers, including Harry…
The Federal Trade Commission (FTC) is reported to have subpoenaed documents from Apple Inc. (NASDAQ: AAPL) related to how the company incorporates the search engine from Google Inc. (NASDAQ: GOOG) on Apple’s iPhone and…
China Ming Yang Wind Power Group Ltd. (NYSE: MY) has opened a US research and development facility at North Carolina State University’s Centennial Campus. The new R&D center will focus its research on offshore…
Shortly after noon ET today, the three major US stock indexes have reversed course from their higher openings. The DJIA up more than 15 points at around13,193, the Nasdaq down less than 1 point…
Cheniere Energy Inc. (AMEX: LNG) increased the size of its secondary stock offering from 17 million to 21 million shares and priced the offering at $15.10/share this morning. Credit Suisse, the sole underwriter, was…
The US Energy Information Administration (EIA) released its weekly petroleum status report this morning. US commercial crude inventories rose by 1.8 million barrels last week, bringing the total US commercial crude inventory to 347.5…
The three major US equities indexes opened slightly higher this morning as investors react to the results of the bank stress tests reported late yesterday. Fed Chairman Ben Bernanke is giving a speech this…
The Solar Energy Industries Association (SEIA) and GTM Research have released their review of the US solar market for 2011. The good news is that new solar installations more than doubled year-over-year from 2010.…
The weekly market composite index for mortgage loan applications fell by a seasonally adjusted -2.4% in the week ending March 9th compared to the previous week according to the Mortgage Bankers Association (MBA). Refinancing…
Italy sold €5 billion in new 3-year bonds this morning at a yield of 2.76%, down dramatically from a 3.41% yield on a sale of similar bonds last month. The government also sold €1…
Comerica Inc. (NYSE: CMA) has announced that it will consider a proposal to increase its dividend by 50% to $0.15/quarter and commence a $375 million share buyback plan. The dividend increase and buyback plan…
US index futures are mixed this morning following a booming performance yesterday. In the US, the late afternoon release of the results of the bank stress tests is weighing down the pre-market this morning.…
Semiconductor maker LSI Corp. (NYSE: LSI) this morning raised its first quarter outlook for EPS and revenues due to a “stronger than expected hard disk drive market recovery and ramp of flash-based products.” The…
Chesapeake Energy Corp. (NYSE: CHK) has announced plans to build a $900 million mid-stream complex that includes a natural gas processing facility and a pipeline system in eastern Ohio to handle the volumes of…
The International Energy Agency (IEA) has released its oil market report for March, and if anyone is still looking for a reason for higher crude and gasoline prices, the answer should be pretty clear…
Fitch Ratings has rated the new issue Greek sovereign bonds as ‘B-’. These are the 11- and 30-year bonds that Greece issued yesterday as part of the debt swap — or private sector involvement…
Fourth quarter worldwide shipments of media tablets such as the iPad from Apple Inc. (NASDAQ: AAPL) grew 155% year-over-year and 56% sequentially, according to the latest data from International Data Corp. (IDC). For the…
Markets opened higher this morning following a solid report on US retail sales. Reports on both consumer and small business confidence both showed improvement in February (more coverage here and here). In the afternoon,…
Sprint Nextel Corp. (NYSE: S) has launched an Android-powered smartphone for $99.99, available through its Virgin Mobile USA prepaid brand beginning March 15th. Virgin Mobile USA offers the phone for $35/month with an unlimited…
Retail giant Wal-Mart Stores Inc. (NYSE: WMT) has announced that it will kick off a new program in April to convert a customer’s physical DVDs to a digital, downloadable version using the company’s Vudu…