Aastrom Biosciences Inc. (NASDAQ: ASTM) announced today a $40 million private placement of Series B convertible preferred stock with Eastern Capital Ltd. The company expects to receive net proceeds of about $38 million and…
Shortly before noon ET today, all three major US stock indexes have posted gains, with the DJIA up about 41 points at around12,949, the Nasdaq up about 20 points at 2,991, and the S&P…
China’s ambassador to the European Union has said that he believes it “makes sense” for the Chinese government to delay signing orders for new Airbus aircraft from the European Aeronautic Defence and Space Co.…
Pre-paid debit card issuer Green Dot Corp. (NYSE: GDOT) has announced the acquisition of privately held Loopt Inc. for an undisclosed price. The transaction is expected to close by the end of the first…
In the first two months of 2012, the Boeing Co. (NYSE: BA) has sold a net 385 new aircraft compared with just a net total of 91 for the Airbus unit of European Aeronautic…
The three major US equities indexes opened higher this morning following a solid growth report on US non-farm payrolls. In Europe, the Greek debt swap deal went off smoothly, and in Asia, the Japanese…
Following the disastrous wreck of its Costa Concordia liner, cruise operator Carnival Cruise Lines (NYSE: CCL) reported first quarter earnings this morning that were better than analysts expected, even though the company has cut…
Anadarko Petroleum Co. (NYSE: APC) and Sonatrach, Algeria’s national oil company, have reached an agreement in a long-standing dispute over the way Sonatrach applied Algeria’s excess profits tax beginning in 2006. From Anadarko’s press…
Enterprise software company Quest Software Inc. (NASDAQ: QSFT) has agreed to be acquired in an all-cash transaction by private equity firm Insight Venture Partners in a deal worth $2 billion, or $23/share. The purchase…
In its Monthly Oil Market Report for March, the Organization of Petroleum Exporting Countries (OPEC) said that falling demand in Europe has flattened out, while demand from Asia remains high enough to offer some…
US index futures are very slightly lower this morning as markets await the US report on non-farm payrolls. The consensus estimate is that 210,000 jobs were added in February. In Europe, the Greek debt…
Chinese social networking company Renren Inc. (NYSE: RENN) reported fourth-quarter and full-year earning this morning with a surprising upside on profits. The company is one of many Internet and social networking firms in China.…
Ocean Power Technologies Inc. (NASDAQ: OPTT) reported its fiscal third quarter results before the market opened this morning. The company designs and builds a device that generates electricity from ocean wave action. The company…
Retailing giant Wal-Mart Stores Inc. (NYSE: WMT) has won approval from a South African appeals court for its takeover of the country’s Massmart. The $2.4 billion deal was approved by the country’s regulators nearly…
US package delivery giant United Parcel Service Inc. (NYSE: UPS) is rumored to be near an agreement to acquire Europe’s second-largest delivery service, Dutch-listed TNT N.V. (OTC: TNTEY) for more than $6.5 billion. TNT…
The three major US equities indexes opened higher this morning on the news from Europe that the Greek debt swap deal would be a success. That prediction turned out to be solid, as about…
The Federal Aviation Administration today released its annual forecast of US air traffic, predicting that passenger traffic would double by 2032. Revenue passenger miles, a standard measure of air traffic, is projected to increase…
Several agencies of the US government, including the Department of Labor and the Energy Information Administration, are taking steps to prevent the early release of market-moving data such as the monthly unemployment report and…
In yet another move designed to get the European Union to eliminate the carbon emissions fee it charges airlines using EU airports, the government of China is withholding approval of an order for 35…
Health care products maker Abbott Laboratories (NYSE: ABT) received US Food and Drug Administration approval to market its new glucose monitoring system for the nearly 26 million US diabetics who take insulin. The company…