Equity markets got off to a good start this morning as all three major US stock indexes opened higher on the news that the Greek parliament had approved a new round of austerity measures,…
Crude oil futures rose sharply today on hopes that Europe can shake its economic woes now that the Greek parliament has agreed to adopt strict new austerity measures. Whether that pans out remains to…
About two weeks ago development-stage renewable fuel maker Gevo Inc. (NASDAQ: GEVO) was awarded a US patent for recovering alcohol cheaply during the fermentation process. The recovered alcohol is then used to produce biobutanol,…
Google Inc. (NASDAQ: GOOG) has received approval from the European Union for its $12.5 billion acquisition of Motorola Mobility Holdings Inc. (NYSE: MMI). Google is expecting similar approval from the US Department of Justice…
Ratings agency Moody’s has raised the debt rating of Boston Scientific Corp. (NYSE: BSX) from ‘Ba1’ to ‘Baa3’ with a stable outlook. The new rating applies to new senior unsecured debt and to shares…
The spokesman for the Iraqi energy ministry has said the Exxon Mobil Corp. (NYSE: XOM) will be excluded from the next round of bidding for licenses to produce the country’s oil & gas deposits.…
At about 12:30 p.m., the three major equity indexes all remain in positive territory though down somewhat from the opening surge. The DJIA is up about 48 points at about 12,849, the Nasdaq is…
It’s probably a weird thing to say considering the number of pages the thing consumes, but President Obama’s $3.8 trillion FY2013 budget proposal really doesn’t present anything new. The broad outline of the proposed…
The Greek parliament’s vote to approve the austerity measures forced on the country if it wants a second bailout package worth $172 billion put some air under equity markets — and the euro —…
Ethanol makers like Archer Danials Midland Co. (NYSE: ADM), Valero Energy Corp. (NYSE: GPRE), and Green Plains Renewable Energy Inc. (NASDAQ: GPRE) are expected to experience lower prices for ethanol in the first part…
The three major US equities indexes opened higher this morning as traders respond positively to Greek parliament’s vote to accept additional austerity meausres in exchange for a second $172 bailout package. The DJIA is…
The nation’s second-largest producer of natural gas, Chesapeake Energy Corp. (NYSE: CHK), has announced a new plan to achieve what it calls “equilibrium” between its capital expenditures and its cash flow from operations. As…
The Organization for Economic Cooperation and Development (OECD) has published its latest reading on its composite leading indicators on the global economy. The data indicate that the global economy is improving, even if slowly:…
Norway’s Director General of the country’s Financial Supervisory Authority has said in an interview: Growth rates on household debt and house prices are not following a sustainable path. The longer these developments go on,…
US index futures are sharply higher this morning, reacting to the Greek parliament’s approval of the new austerity measures that will likely release the $172 billion the country needs to pay its bills and…
The US Air Force is expecting to save about 5% — $3 billion — of its maintenance and engineering budget by consolidating services and eliminating duplication. The Washington Post notes three companies that are…
The on-going damage in the world’s shipping business still has to wreak more havoc before it has run its course. The latest example is the fourth-quarter earnings report for Nordic American Tanker Ltd. (NYSE:…
When China took on its economic stimulus plan a few years ago, the central government simply ordered the country’s banks to make loans to local and regional governments for the purpose getting the local…
The possibility of a major shakeup in the UK wireless market was revealed over the weekend as Vodafone plc (NASDAQ: VOD) announced that it was in “the very early stages of evaluating the merits…
All three major US stock indexes opened lower this morning and the day was mostly a gentle slide for the rest of the trading session. The failed Greek debt deal weighed on futures this…