Transocean Ltd. (NYSE: RIG) yesterday announced a secondary offering of 26 million shares. The sale was completed today at a share price of $40.50, more than a dollar lower than the stock’s closing price…
The latest delay to a US decision on whether or not to allow the Keystone XL pipeline project has shifted attention to two other proposed pipelines that would carry bitumen from the Alberta oil…
Korea’s Samsung C&T, the engineering and construction unit of Samsung Group, will pay about $780 million for Parallel Petroleum, a Texas-based company owned by Apollo Global Management LLC (NYSE: APO). Apollo has owned the…
Crude oil is trading right around the levels it closed at yesterday. On the Nymex, WTI crude for January delivery is trading at $99.75/barrel at about 8:00 a.m. On the ICE, Brent crude is…
In the summer of 2010, Scottish oil company Cairn Energy announced an ambitious program to explore the waters of the west coast of Greenland. The US Geological Survey estimates that Greenland holds oil reserves…
This morning’s announcement by AMR Corp. (NYSE: AMR), parent of American Airlines, that it had filed for Chapter 11 bankruptcy protection appears to have pushed up the shares of competing US carriers. Shares of…
Over the past month, a number of internet stocks have received new target prices from analysts. We’ve seen five targets rise: Google Inc. (NASDAQ: GOOG), LinkedIn Corp. (NASDAQ: LNKD), AOL Inc. (NYSE: AOL), Baidu…
Janet L. Yellen, vice-chair of the Federal Reserve board of governors, told an audience in San Francisco that the Fed has the ability to do more to aid the US economic recovery: he scope…
As the price for WTI crude oil continues to hover around $100/barrel, up from about $75/barrel just two months ago, consumers are seeing pump prices fall. The latest survey from AAA shows an average…
AT&T Inc. (NYSE: T) is working on a deal that it hopes will salvage its $39 billion takeover of T-Mobile USA, a division of Germany’s Deutsche Telekom AG (OTC: DTEGY). AT&T is in talks…
The bankruptcy filing of AMR Corp. (NYSE: AMR), parent of American and American Eagle Airlines is not expected to have any impact on the company’s recent orders for 200 new aircraft from Boeing Co.…
The latest Case-Shiller report on house prices was released this morning, and the news was worse than expected: Data through September 2011, released today by S&P Indices for its S&P/Case-Shiller Home Price Indices, the leading…
About $200 million of an undetermined total amount of cash missing following the bankruptcy of MF Global has been uncovered in a British branch bank of JPMorgan Chase & Co. (NYSE: JPM). More than…
Trading firm Susquehenna has cut its estimates on the sales of both the iPhone and the iPad from Apple Inc. (NASDAQ: AAPL). The firm cites supply constraints as the reason for the cut in…
Three recent internet IPOs are struggling, even as the market jumped by more than 2.5% yesterday. Angie’s List Inc. (NASDAQ: ANGI), Groupon Inc. (NASDAQ: GRPN), and LinkedIn Corp. (NASDAQ: LNKD) are all slumping badly.…
Over the past two months, Japan’s Nomura Holdings, the country’s largest brokerage, has shed nearly $2.4 billion in Italian bonds as the company tries to reduce its exposure to Europe. The company reports that…
Chinese insurance firm New China Life Insurance Co. is preparing to raise about $2.26 billion in IPOs on the Hong Kong and Shanghai stock exchanges. The Hong Kong offering will raise about $1.5 billion and…
Transocean Ltd. (NYSE: RIG) has filed a prospectus with the SEC to issue 26 million new shares in a secondary offering. The proceeds will be used to refinance partially the $2.23 billion acquisition of Aker…
Reported strong consumer spending over the Thanksgiving holiday weekend pushed stocks up sharply at the opening this morning and gains have been held throughout the day. New home sales figures were slightly less than…
In just four weeks, the target prices of three of world’s leading makers of solar PV modules have fallen by at least -30%. The drops have coincided with falling forecasts from the manufacturers themselves…