The world’s second largest microprocessor maker, Advanced Micro Devices Inc. (NYSE: AMD), has been sued by Taiwan’s Quanta Computer Inc. for selling defective products to the world’s largest maker of white-label notebook computers. The…
In a court battle that has been going on for nearly 20 years, an Ecuadorian court has ruled that Chevron Corp. (NYSE: CVX) must pay nearly $18 billion in actual and punitive damages related…
The Boeing Co. (NYSE: BA) may be about to close its military aircraft manufacturing plant in Wichita, Kansas, as a result of proposed cuts to the US defense budget. About 2,000 employees would be…
Chesapeake Energy Corp. (NYSE: CHK) set two goals last year: first, to reduce long-term debt by 25% by the end of 2012; and second, to increase production by 30%. The company said today debt…
There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include LCA-Vision Inc. (NASDAQ: LCAV), Life Partners Holdings Inc. (NASDAQ: LPHI), Acme…
Two pipeline companies have agreed to a 50-50 joint venture to build a new 149-mile offshore gathering system in the Gulf of Mexico. Enterprise Products Partners L.P. (NYSE: EPD) and Genesis Energy LP (NYSE:…
Dunkin’ Brands Inc. (NASDAQ: DNKN) has signed a new deal with its subsidiary National DCP LLC, under which National will be the exclusive supply chain provider for Dunkin’s more than 7,000 US locations. Dunkin’…
Clothes maker Liz Claiborne Inc. (NYSE: LIZ) sold its namesake brand, among other things, to J.C. Penney Co. (NYSE: JCP) last October for about $328 million. Other brands were sold to Kohl’s Corp. (NYSE:…
A discounted rights offer by Italian bank UniCredit SpA has chilled Europe’s markets this morning and is raising traders wariness over the Eurozone’s debt crisis. The bank, Italy’s largest credit lender, announced that it…
US stock markets rallied on the first morning of trading in the new year. Index futures were up sharply and trading zoomed past the mark to rise more than 2%. Strong manufacturing data from…
In an apparent effort to blow out its existing inventory, Research in Motion Ltd. (NASDAQ: RIMM) has dropped the price of all its PlayBook tablets to $299 — regardless of memory size. The price…
The US EPA first issued its Cross-State Air Pollution Rule in July and electricity generation companies that use coal to fuel their plants have been fighting it ever since. Known as the ‘downwind’ rule,…
Independent oil & gas producer Devon Energy Corp. (NYSE: DVN) today announced an agreement with a subsidiary of China’s Sinopec which will give the Chinese firm a 33% stake in five of Devon’s shale…
The latest research from Gallup shows that Americans are regaining confidence in the US economy, but that last August’s Congressional dispute over raising the debt ceiling is still affecting Americans’ attitudes. The index dipped…
The US Commerce Department reported today that construction spending in November grew 1.2% month-over-month to a seasonally adjusted annual rate of $807.1 billion, a gain of 0.5% over November 2010. For the first 11…
Battered solar PV stocks could be setting the stage for a comeback in 2012. One thing’s for sure though — solar PV prices can’t drop another 50% this year. Solar makers Yingli Green Energy…
There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include Orchard Supply Hardware Stores Corp. (NASDAQ: OSH), Rambus Inc. (NASDAQ: RMBS),…
In yet another of the deals that shakes up the landscape of US shale gas production, Chesapeake Energy Corp. (NYSE: CHK) has formed a joint venture with Total SA (NYSE: TOT) and privately held…
On the first trading day of 2012, US stock-index futures are sharply higher this morning after manufacturing data from China came in better than expected and pushed Asian markets higher. The Institute for Supply…
In 2007, the Venezuela government expropriated the Cerro Negro project owned by Exxon Mobil Corp. (NYSE: XOM) after the US oil giant refused to take a minority stake in the project. ConocoPhillips (NYSE: COP)…