Earlier this morning Dell Inc. (NASDAQ: DELL) announced that it would acquire network security firm SonicWall Inc. from private equity firm Thoma Bravo LLC and the Ontario Teacher’s Pension Plan. No price was announced.…
Today’s auction of benchmark 10-year Treasury notes saw yields rise to 2.07%, a gain of 3 basis points and the highest yield on Treasuries since October. The improvement in retail sales reported earlier today…
Thin-film solar panel maker First Solar Inc. (NASDAQ: FSLR) yesterday announced an agreement to build the 26-megawatt Avra Valley solar project near Tucson, Arizona. The plant will be owned by NRG Energy Inc. (NYSE:…
Car maker Volkswagen AG has announced plans to build a 400,000-square foot parts distribution warehouse in Tennessee, near the Chattanooga plant where the company builds its Passat models. According to the company’s press release:…
Shortly after noon ET today, the three major US stock indexes have continued to rise, with the DJIA up about 105 points at around13,065, the Nasdaq up about 29 points at 3,012, and the…
An affiliate of asset management giant Apollo Global Management LLC (NYSE: APO) has agreed to acquire water-park resort owner Great Wolf Resorts Inc. (NASDAQ: WOLF) for $5/share, or about $165 million in cash. The…
Oil and gas producer MarkWest Energy Partners LP (NYSE: MWE) this morning priced a secondary offering of 5.9 million new common units at $59.54/unit. The price represents a discount of 3.2% below yesterday’s closing…
Trading shares in privately-held companies will result in Security and Exchange Commission (SEC) sanctions against two firms according to Bloomberg News citing unnamed sources. The two firms, Felix Investments Inc. and SharesPost Inc., both…
Dell Inc. (NASDAQ: DELL) announced its intention to acquire network security firm SonicWall Inc. for an undisclosed price. SonicWall was taken private in 2010 by private equity firm Thoma Bravo LLC and the Ontario…
The three major US equities indexes opened higher this morning as investors reacted positively to the 1.1% gain in February retail sales. This afternoon’s announcement on interest rates by the Federal Reserve is not…
courtesy of Chevron Corp.Chevron Corp. (NYSE: CVX) plans to increase its production of oil-equivalent barrels by 20%, compared with its 2011 production of about 2.7 million barrels/day. In its analyst presentation today, the company…
The National Federation of Independent Business (NFIB) has released its monthly index on small business optimism, and the gain, though small, marks the sixth straight month of improvement. The index reading of 94.3 is…
US index futures are higher this morning following a much-better-than-expected report on German investor confidence. In the US, today’s retail sales report is expected to show a gain of 1.1% in February, and this…
Wireless carriers AT&T Inc. (NYSE: T) and Verizon Wireless, a joint venture between Verizon Communications Inc. (NYSE: VZ) and Vodafone plc (NASDAQ: VOD), will launch the new iPad from Apple Inc. (NASDAQ: AAPL) on…
The Federal Housing Finance Agency (FHFA) was established in 2008 to mitigate the losses that would be suffered by US taxpayers as a result of the devastation in the home financing market. Fannie Mae…
The new iPad from Apple Inc. (NASDAQ: AAPL) may not have a catchy new name, but it definitely has plenty of appeal. A recent survey by ChangeWave Research indicates that 22% of companies plan…
While President Obama was getting beaten up in a poll we noted earlier today for not doing enough about rising gasoline prices, the latest Gallup poll indicates that his overall job approval rating is…
US markets opened mixed this morning as there was not a big piece of news to drive investors in any particular direction. The Greek debt swap deal triggered a credit event and a payout…
The main refined products pipeline from the Gulf Coast to the East Coast of the US will expand capacity by 125,000 barrels/day by 2014. The Colonial Pipeline Co. announced the expansion today according to…
The US Treasury Department reported today that the budget deficit for the month of February totaled $231.7 billion, up from $222.5 billion in February 2011. The deficit for the first five months of the…