Now that the Japanese partner of BP plc (NYSE: BP), Mitsui & Co’s MOEX, settled claims against it for its portion of the Macondo well explosion that killed 11 people and dumped 5 million…
US construction company URS Corp. (NYSE: URS) has agreed to acquire Canadian oil field services firm Flint Energy Services Inc. (OTC: FESVF) for CDN$1.25 billion and CDN$225 million in Flint debt. The price works…
US index futures are higher this morning following an agreement on the Greek debt swap and bailout. In Europe, markets are weaker on the news as traders appear to have re-focused attention on fundamental…
Pump prices have reached an all-time high for this time of year — $3.53/gallon — and seem to be inexorably on a path to $4/gallon or even more. The rise is worst in California,…
Wal-Mart Stores Inc. (NYSE: WMT), the world’s largest retailer, posted fourth quarter and full year results this morning. For the quarter, the company reported EPS of $1.51, which includes about $0.07 of one-time benefits.…
One of China’s largest e-commerce players is Alibaba Group Holding Inc., but the company is perhaps best know in the US for its relationship with Yahoo Inc. (NASDAQ: YHOO), which owns about 40% of…
US stocks opened mixed this morning, with the Nasdaq opening lower than both the DJIA and the S&P 500. The Nasdaq briefly crossed into positive territory this morning, but has traded lower otherwise. There…
A bankrupt mainland China subsidiary of Taiwan-based Proview Technology is now demanding $2 billion from Apple Inc. (NASDAQ: AAPL) for the right to use the iPad name on mainland China. Apple licensed the name…
The US Department of the Interior has approved an oil-spill plan presented by Royal Dutch Shell plc (NYSE: RDS-A) to respond to a potential spill when the British/Dutch company begins to explore its leases…
At about noon ET today, two of the three major equity indexes remain solidly positive, with the DJIA up nearly 20 points at about 12,924 and the S&P 500 up less than 1 point…
Robert Murray http://www.geograph.org.uk/photo/1449653Fuel Systems Solutions Inc. (NASDAQ: FSYS) has acquired the compressor business and the right to use certain trademarks from Dresser Italia S.r.l. in an all-cash transaction. The purchase price was not disclosed.…
Gallup reports this morning that the US unemployment rate in mid-February has risen from 8.6% inJanuary to 9% in mid-February. The figure is not seasonally adjusted. Gallup notes that the seasonally adjusted rate of…
Two of the three major US equities indexes opened higher this morning with the Nasdaq composite being the laggard. The gains are modest due to any news from Europe on the Greek debt crisis.…
Shares in First Solar Inc. (NASDAQ: FSLR) are up sharply this morning following a report that the company has won a permit from the local government agency to proceed with its 230-megawatt Antelope Valley…
The US Bureau of Labor Statistics reported this morning that the US consumer price index (CPI) rose 0.2% in January and the core inflation index also rose 0.2%. Economists had predicted a rise of…
A patent dispute over the “slide-to-lock” feature between Apple Inc. (NASDAQ: AAPL) and Motorola Mobility Holdings Inc. (NYSE: MMI) in a German court has been decided in Apple’s favor. This marks the first clear…
US index futures are slightly higher this morning, with the DJIA and the S&P up and the Nasdaq flat. In Europe, markets are up sharply following a day of solid gains in US markets…
Two major food companies reported quarterly earnings this morning, and the differences between the two are notable. Campbell Soup Co. (NYSE: CPB) reported second quarter EPS of $0.64 on revenue of $2.11 billion and…
Constellation Energy Group Inc. (NYSE: CEG) posted an EPS loss of -$2.91 on revenue of $2.95 billion. Stripping out costs related to the company’s merger with Exelon Corp. (NYSE: EXC), adjusted EPS came in…
Shortly after Gilead Sciences Inc. (NASDAQ: GILD) announced its $11 billion acquisition of Pharmasett, the company also reported some very promising results on a hepatitis C drug that came in the acquisition. Today, those…