CONSOL Energy Will Spin Off Coal Business, Issue $300 Million in Junk Bonds
CONSOL Energy is proceeding with its plan to split into two companies: one focused on coal and the other on natural gas. The spin-off is scheduled for mid-November.
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Paul Ausick
August Home Prices Push Higher: Case-Shiller
U.S. home prices rose more than 6% year over year in August as they zero in on setting a new all-time high.
Online Low-Price Leader? Amazon
The primary reason U.S. consumers shop online at Amazon is to take advantage of low prices. A recent study confirms that Amazon's pricing is the lowest, but Walmart is not far behind.
BP Stock at Boosted by Profit, Promise of Share Buybacks
BP reported stronger third-quarter revenues and profits this morning and said that it will restart its share buyback program in the fourth quarter.
Airbus Earnings Please Investors, but Legal Risks Loom
European aircraft maker Airbus reported better earnings this morning, but investigations into bribery charges in the United Kingdom, France and now the United States present a material risk to company.
Merck, General Electric Sink into Monday’s 52-Week Low Club
Merck, General Electric, Macy's, and CenturyLink all posted new 52-week lows Monday.
Merck, General Electric Lead Dow Lower Monday
Merck, Macy's, General Electric, and 3M all posted new 52-week lows on Monday.
Why Electric Cars Need Cobalt, and Where It Comes From
As demand for electric vehicles surges, so does demand for cobalt, an essential metal used in making battery cathodes. The current price is $60,000 a ton and it could rise by a third next…
Gasoline Prices Rising After Weeks of Decline
U.S. gasoline prices rose by less than a penny over the past week. Not much, but the first rise in seven weeks as refinery maintenance and surging exports reduce stockpiles.
Kohl’s Black Friday Ad Leaked
Kohl's 64-page Black Friday advertising supplement has been leaked. The company is offering a variety of doorbuster items for early shoppers along with an coupon deal that returns $15 for every $50 spent.
For-Profit Colleges Strayer, Capella to Merge
For-profit schools Strayer and Capella have agreed to a merger valued at about $1.9 billion. The combined company will change its name to Strategic Education when the deal closes in the third quarter of…
Homebuilders Lennar, CalAtlantic in $9.3 Billion Merger
Homebuilders Lennar and CalAtlantic have agreed to merger in deal valued at $9.3 billion including $3.6 billion of CalAtlantic debt. The deal is expected to close in the first quarter of next year.
IPO News This Week: 9 Firms Seeking Total of $2 Billion in Capital
The IPO calendar is loaded again for the coming week following six successful offerings last week. Nine firms are looking for investments totaling about $2 billion.
Trump Goes to China With Plenty of Backup
President Trump begins a five-nation tour of Asia on Friday and a number of companies are taking part in the two-week trip in hopes of furthering relationships, especially with China.
Market Cap of 5 Largest US Companies Up 36% in Most Recent Year
The top five U.S. companies based on market cap have increased their values by an average of 36% in the past 12 months and they all appear to be on track for even more…
General Electric Posts 5 Straight 52-Week Lows to Remain DJIA’s Biggest Loser
General Electric stock had a tough week. The share price dropped nearly 13% last week and the company posted a new 52-week low every day.
Boeing Shares Dive but Remain DJIA’s Top Performer Last Week
Boeing continued its run as the best performing stock included in the Dow Jones Industrial average, even though the stock price took a hit after the company reported earnings on Wednesday.
What Scares You the Most About Halloween — and Credit Cards?
While Halloween is not a holiday that drives a lot of consumer spending, its focus on things that are scary may be a natural segue into what people's biggest financial fears are.
Sweetening the Deal May Help Sell Your House
When you put your house on the market, you might receive some unexpected last-minute requests to sweeten the deal by including certain furnishings. Plan ahead for dealing with these requests so you don't lose…
Penney’s, General Electric Plunge into Friday’s 52-Week Low Club
JC Penney, General Electric, Mattel, and Rite Aid all posted new 52-week lows Friday.