Freeport-McMoRan Cancels Another Drill Ship Contract
Less than two weeks after cancelling contracts for two ultra-deepwater drill ships, Freeport-McMoRan announced late Monday that it has cancelled a third one.
All Work
Paul Ausick
The 52-Week Low Club for Monday
May 23, 2016: Only 17 stocks posted new 52-week lows today and only one of those traded more than 1 million shares. NYSE advancers led decliners by less than 5 to 4 while Nasdaq…
The 4 Stocks That Buoyed the Dow on Monday
May 23, 2016: Markets opened essentially flat Monday following some weakness overseas on economic data from Japan and the eurozone. Bayer’s $62 billion offer for Monsanto boosted U.S. equities a bit out of the…
Nomura Raises Price Target on Noble Energy
On Sunday, Israeli Prime Minister Benjamin Netanyahu approved a deal that he and members of his ruling coalition hope will get the ball rolling on developing a huge offshore natural gas field.
Americans’ Retirement Income Falls Short
In order for Americans to enjoy a financially comfortable retirement, a rule of thumb from financial advisors is that they will need about 70% of their pre-retirement income in order to have comfortable life.
KBR Buys Government Contractor Wyle for $570 Million
KBR announced Monday morning that it has reached a definitive agreement to acquire privately held Wyle for $570 million.
Freeport-McMoRan Cancels Oil & Gas Spin-Off
Freeport-McMoRan has formally withdrawn its proposed spin-off and initial public offering in its oil and gas business into a company that would have been named Freeport-McMoRan Oil & Gas.
Mortgage Loan Numbers Drop Among Low Credit Score Applicants
In 2005, at the peak of mortgage loan applications, more than 11 million Americans applied for home-purchase mortgages. That number was less than 5 million in 2014.
Gas Prices Rise as Summer Driving Season Nears
The national average price for a gallon of regular gasoline rose about six cents in the past week, according to GasBuddy.
Americans Not Warming Up to Self-Driving Cars
Automakers have been piling into deals with tech companies recently as the two industries try to forge alliances on self-driving cars. U.S. consumers, however, are less infatuated with the idea.
Bayer Rationalizes $62 Billion Offer for Monsanto
German conglomerate Bayer Monday morning released details of its widely presumed offer for Monsanto.
Boeing’s $11.3 Billion Order Ends Airbus Lock on Vietjet Fleet
Boeing said it has finalized an order for 100 of its 737 MAX 200 aircraft with Vietnamese carrier Vietjet, which had flown Airbus planes exclusively.
Why Analysts See Home Depot and Lowe’s Heading Even Higher After Earnings
When Home Depot and Lowe's reported first-quarter results last week, the strong showing was welcome because retail earnings in the first quarter have been disappointing, especially among department stores.
May Ends with 7 IPOs on Next Week’s Calendar
While all four of last week’s initial public offerings (IPOs) went out as scheduled, the results were tepid at best. Three of the four price below the mid-point of their expected ranges and the…
Is It Time to Sell Defense Stocks?
The U.S. Congress is currently debating the 2017 National Defense Authorization Act, and it's really anyone's guess what the outcome will be.
Fast-Food Workers to Unionize
At the quadrennial meeting of the Service Employees International Union (SEIU), organizers of the “Fight for $15” campaign announced that fast-food workers plan to join the union following a vote by cooks and cashiers…
Marijuana Weekly News Roundup
Louisiana is on track to become the 25th state to permit the use of medical marijuana after Governor John Bel Edwards signed legislation that amended the state’s unused 1978 law legalizing marijuana for medical…
Monsanto Gets Good News, Genetically Engineered Seeds Are Safe
The National Academies of Sciences, Engineering and Medicine has reported that genetically modified (GMO) foods are safe for people and do not harm the environment.
Oil Rig Count Flat Last Week, Hedge Funds Dump Short Bets
There are a total of 404 working rigs in the United States, down by two week over week and down 481 year over year, according to the latest Baker Hughes North American Rotary Rig…
Marijuana Price Slips 2.6%
For the week ended Friday, May 20, the spot price index for a pound of cannabis decreased more than 2%.