Airbus A380 Wing Cracks Lead to Fleet Inspections (EADSY)
The discovery of small cracks in a bracket that attaches the wing frame to the outer skin of the Airbus A380 is now leading to an inspection of about one-third of the planes currently…
All Work
Paul Ausick
Natural Gas Exports on Front Burner (CHK, XOM, AA, DD, DOW)
Yesterday’s release of a new study by the US Energy Information Administration (EIA) on the impact of natural gas exports on domestic gas prices is just beginning to have its own impact on the…
Google’s Search Share in China Continues to Drop (GOOG, BIDU, SOHU)
Google Inc. (NASDAQ: GOOG) continues to lose share in the Chinese search market. In the fourth quarter of 2011, Google claimed just 16.7% of search revenue, compared with the 78.3% share claimed by China’s…
Schlumberger Tops Estimates (SLB, HAL, BHI)
The first of the big oil field services to report quarterly earnings is also the largest: Schlumberger Ltd. For the full fiscal year, the company reported revenue of $39.54 billion and diluted, adjusted EPS…
Intel Puts Up Big Numbers (INTC)
Intel Corp. (NASDAQ: INTC) reported fourth quarter and full year earnings after markets closed today. The chip-making giant beat EPS and revenue estimates all around. For the quarter, Intel reported EPS of $0.64 on…
24/7 Wall St. Closing Bell (V, MA, C, CVX, APD, EBAY, ZZ, BLK, BAC, FCS, FCX, MS, LUV, EGHT, TSL, JASO, STP)
Stocks opened higher this morning and have mostly remained in positive territory throughout the day. Reports that China was considering lowering its banks’ capital reserve requirements boosted both Asian and European markets this morning,…
Natural Gas Exports Will Raise Domestic Prices (CHK, XOM, AA, DD)
The US Energy Information Administration (EIA) today released a study on the impact of domestic pricing if the US begins to export natural gas. The question has been on the minds of natural gas…
GM Trumps VW & Toyota As World’s Top 2011 Automaker (GM, TM, F)
Just two years after emerging from bankruptcy protection and taking a $50 billion bailout package from the federal government, General Motors Co. (NYSE: GM) is once again leading the world in total automobile sales.…
NY Fed Sells AIG Bonds (AIG, CS, GS)
Remember those mortgage bonds the Federal Reserve bought when it bailed out American International Group, Inc. (NYSE: AIG). Today the NY Fed sold $7.01 billion worth of the bonds to Credit Suisse Group (NYSE:…
Apple’s Goes After Textbook Market (AAPL, MHP, PSO)
Today’s announcement from Apple Inc. (NASDAQ: AAPL) regarding its new textbook app for the iPad included news that McGraw-Hill Cos. Inc. (NYSE: MHP), Pearson plc (NYSE: PSO), and Houghton-Mifflin Harcourt will offer content through…
Washington Post Boosts Dividend (WPO, APOL)
The Washington Post Co. (NYSE: WPO) has raised its annual dividend from $9.40/share to $9.80/share beginning with the first quarter’s payment due next month. The company’s current dividend yield is 2.4%, which rises to…
Hong Kong Shipping Company Signs $4.6 Billion Lease with Port of Long Beach
Orient Overseas Container Line Ltd., one of the world’s largest container shippers, has signed a lease agreement with the Port of Long Beach worth $4.6 billion. Under the terms of the deal, Orient will…
Online Ad Spending to Pass Print in 2012
Digital media research firm eMarketer forecasts that online advertising will generate $39.5 billion in revenue in 2012. The firm also forecasts that total spending on print advertising will total $33.8 billion. This marks the…
DVD/Blu-ray Rentals Fall, Netflix Leads Streaming Market (NFLX, AMZN, CSTR, DISH)
Nearly a third of US consumers now watch movies and other videos on Internet streaming services such as those offered by Netflix Inc. (NASDAQ: NFLX) and Amazon.com (NASDAQ: AMZN). About 55% of streaming video…
J&J Settles Texas Lawsuit (JNJ)
The Janssen Pharmaceuticals unit of Johnson & Johnson (NYSE: JNJ) has reached an agreement with the state of Texas to pay $158 million to settle all claims related to overcharging the state’s Medicaid program…
US Petroleum Inventories, Imports Decline
The US Energy Information Administration (EIA) released its weekly petroleum status report this morning. US commercial crude inventories fell by 3.4 million barrels last week, bringing the total US commercial crude inventory to 331.2…
Natural Gas Inventories, Prices Fall Again
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks declined by 172 billion cubic feet last week, above an average expected drop of around 167 billion cubic feet. Natural gas…
Morning Movers (PLXS, NTCT, HSOL, FFIV, JCI)
There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include Plexus Corp. (NASDAQ: PLXS), NetScout Systems Inc. (NASDAQ: NTCT), Hanwha SolarOne…
US Housing Starts Falter
Today’s report on US housing starts contains mixed news. New construction fell by -4.1% to a seasonally adjusted annual rate of 657,000 units in December. For the full year, new housing starts rose by…
Starbucks Nears Store Opening in India (SBUX)
Early last year Starbucks Corp. (NASDAQ: SBUX) began buying coffee from India’s Tata Coffee Ltd. and agreed to discuss opening retail shops in the country with the Indian company. A report from Fox Business…