Warm winter weather and low prices for natural gas have combined to weaken demand for coal, and as a result of that decline, underground mining machinery maker Joy Global Inc. (NYSE: JOY) reported quarterly…
The Organization for Economic Co-operation and Development (OECD) reported today that total imports for the G7 nations plus Brazil, China, India, and Russia (BRICs) fell by -0.2% in the fourth quarter of 2011, after…
At about noon today, all three major US stock indexes are pointed lower, with the DJIA down nearly 59 points at about 12,946, the Nasdaq down more than 13 points at 2,974, and the…
Analysts at Goldman Sachs Group Inc. (NYSE: GS) have made a number of changes to the firm’s rating of oil & gas pipeline companies. The major changes were the addition of Williams Companies Inc.…
The US Energy Information Administration (EIA) released its weekly petroleum status report this morning. US commercial crude inventories rose by 4.2 million barrels last week, bringing the total US commercial crude inventory to 344.9…
The three major US equities indexes opened higher this morning following a better-than-expected report on US GDP growth (our coverage here) and the $712 billion purchase by eurozone banks in the European Central Bank’s…
Department store firm Dillard’s Inc. (NYSE: DDS) has increased its stock repurchase program by $250 million. The company said it still has $27.5 million left in its previous share buyback program. Yesterday the company…
US index futures are marginally higher this morning following reports from Europe that the continent’s banks took $712 billion from the European Central Bank in the second of the bank’s long-term refinancing operations (LTRO).…
The government of Shanghai has forced the closure of a battery-making plant belonging to Johnson Controls Inc. (NYSE: JCI) on charges that the plant is emitting excess lead into the nearby environment. The Shanghai…
The dispute between Proview Technology Shenzen and Apple Inc. (NASDAQ: AAPL) was heard in the Higher People’s Court of Guangdong today, but was adjourned when the judges asked the disputants if they wished to…
Office supplies retailer Staples Inc. (NASDAQ: SPLS) reported fourth quarter and full year earnings this morning that topped expectations, if only barely. The company reported fourth quarter EPS of $0.41 versus a consensus estimate…
India’s Oil & Natural Gas Co. (ONGC) will offer a 5% stake in the company (about 428 million shares) tomorrow at a 2.3% premium to the share price at closing on Tuesday. The minimum…
Indian drug maker Sun Pharmaceutical Industries Ltd. has received approval from the US Food and Drug Administration to sell its generic version of Zyprexa Zydis tablets in the the US. Eli Lilly & Co.…
Brazilian energy company Petrobra, formally Petroleo Brasileiro SA (NYSE: PBR) has confirmed the discovery of an accumulation of hydrocarbons in the offshore southern Campos Basin. The discovery is about 120 miles offshore in the…
Stocks started the day nearly flat before turning down on a poor report on US durable goods orders (more coverage here) and a slide in the Case-Shiller home price index (more coverage here). The…
Shares of Apple Inc. (NASDAQ: AAPL) hit an all-time intra-day high of $534.62, likely due to the announcement of next week’s San Francisco event at which an iPad 3 is expected and — perhaps…
When an underground pipe broke at a shale gas well in Pennsylvania last December, well-owner Chevron Corp. reported an underground spill of about 2 barrels of condensates. As of today, the broken pipe is…
Networking giant Cisco Systems Inc. (NASDAQ: CSCO) has announced the development of technology that would permit mobile wireless carriers to more cheaply move the masses of data expected to be sent over existing broadband…
Ecommerce site PriceGrabber.com surveyed 933 online shoppers during a three-week period in late January to mid-February, and 51% of those surveyed said that they intend to maintain the same level of spending in 2012…
Mobile advertising network InMobi has released some interesting new survey data on mobile media consumption for the fourth quarter of 2011. The key finding, according to InMobi, is that mobile web users spend 27%…