Researchers at Toyota Motor Corp. (NYSE: TM) have been able to develop a new type of motor for the company’s hybrid cars that does not include the use of the expensive rare earth minerals…
The European Union has agreed to curtail oil imports from Iran and to freeze the Iranian’s central bank’s assets in a move designed to get the country back to the bargaining table regarding its…
International Monetary Fund managing director, Christine Lagarde, has warned that the global economy “could easily slide into a ‘1930s moment’ unless global leaders take the actions that they know must be done. Lagarde’s speech…
Equity markets opened mixed this morning, with the DJIA up slightly and the NASDAQ Composite and S&P 500 down slightly. That pattern held throughout the day as last night’s report from Google Inc. (NASDAQ:…
Newly public social gamemaker Zynga Inc. (NASDAQ: ZNGA) is considering offering a real-money gambling game, most likely to be poker. The company’s Facebook Casino attracts some 7 million players every day who are happy…
Citigroup Inc. (NYSE: C) CEO Vikram Pandit was awarded an annual bonus for 2011 of $3.7 million in stock after the bank posted net income for the year of $11.3 billion. Twelve Citi executives…
Oil & gas exploration and production company Whiting Petroleum Corp. has lowered its fourth-quarter and full fiscal year 2011 production estimates and provided guidance for first-quarter and full-year 2012 production. The company now plans…
The government of Iran is resuming its efforts to remove Barbie dolls from the country’s store shelves. The popular dolls, made by Mattel Inc. (NYSE: MAT), have been banned in Iran for more than…
US 10-year Treasury yield fell for the third-straight day yesterday as the bond markets appear to believe the signals that the US economy is growing again and that Europe is working through its debt…
Earlier this week, Kinross Gold Corp. (NYSE: KGC) released a preliminary statement on 2012 production, mining costs, and a writedown a portion of $4.6 billion in goodwill on an African property. Shares traded at…
The US Food and Drug Administration (FDA) has found no traces of an illegal-in-the-US fungicide in orange juice imports. Results of 19 tests have so far revealed none of the carbendazim fungicide. The Coca-Cola…
Shares of Sears Holdings Corp. (NASDAQ: SHLD) are jumping this morning on increased speculation that majority shareholder Eddie Lampert will take the company private. The speculation first surfaced earlier this week when Lampert bought…
A federal judge in Chicago has narrowed the scope of a patent infringement case involving Apple Inc. (NASDAQ: AAPL) and Motorola Mobility Holdings Inc. (NYSE: MMI). The dispute revolves around patents related to mobile…
Last year the US Defense Department threatened to cancel a portion of its contract with Lockheed Martin Corp. (NYSE: LMT) for the new F-35 jet fighter. The company had failed to address certain technical…
There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include Insmed Inc. (NASDAQ: INSM), Ascent Solar Technologies Inc. (NASDAQ: ASTI), Cogent…
Texas Congressman Pete Olson has introduced legislation to classify ethanol made from coal and natural gas as a renewable fuel. The bill has three Democratic and two Republican co-sponsors. The largest ethanol producers in…
Florida-based Spirit Airlines Inc. (NASDAQ: SAVE) has priced a secondary offering of 11 million shares at $14.50/share. The price is a discount of 1.2% to last night’s closing price of $14.67/share. The offering will…
The operating license for Entergy Corp.’s (NYSE: ETR) Vermont Yankee nuclear power plant expires this year. The plant received an 20-year extension from the US Nuclear Regulatory Commission last year, but the state of…
US index futures are lower this morning as talks between Greece and its bondholders continue for a third day. Bloomberg News cites a Greek newspaper as saying that a voluntary swap of Greek bonds…
Even with a scorecard it might be impossible to keep up with the suits and counter-suits in the patent infringement fight being waged in German courts between Apple Inc. (NASDAQ: AAPL) and Samsung Electronics…