Caterpillar Q1 Estimates Far Below Consensus
Caterpillar has told the SEC that its first-quarter earnings and revenues will fall well short of current consensus estimates.
All Work
Paul Ausick
The 52-Week Low Club for Wednesday
March 16, 2016: Here are four stocks trading with heavy volume among 53 equities making new 52-week lows in Wednesday’s session. Valeant Pharmaceuticals International Inc. (NYSE: VRX) dropped another 6.9% on Wednesday to post…
The 4 Stocks That Boosted the DJIA on Wednesday
March 16, 2016: Markets opened lower again on Wednesday as traders and investors waited to hear what the FOMC had to say about interest rates. The report on inflation that came out before the…
Saudi Banks’ Outlook Dropped to Negative at Moody’s
Analysts at Moody’s Investors Service today announced that the firm has lowered its outlook for Saudi Arabia’s banking system was dropped from ‘stable’ to ‘negative’ to reflect persistently low oil prices and concomitant government…
China to Close 240 Steel Mills, Fire More Than 1 Million Workers
The provincial governor of Hebei province said that by 2020 the government will shut down operations at 240 of the 400 steel mills that currently operate there.
Private Equity Firm Lends $350 Million to Struggling US Oil Producer
In the first publicly reported transaction of its kind, independent energy producer Clayton Williams Energy announced Tuesday that it has closed a $350 million term loan transaction with private equity firm Ares Management.
London, Deutsche Börse Agree to Merge
The two largest stock exchange operators in Europe have agreed to combine in a merger that would create an exchange operator with a market cap of almost $30 billion.
Charter, Time Warner Deal on Track for FCC OK
The FCC reportedly is about to give the green light to the proposed merger between Charter Communications and Time Warner Cable.
Crude Oil Price Rises as Inventory Growth Slows
U.S. commercial crude inventories increased by more than a million barrels last week, according to the EIA.
Housing Starts Up 5% in February
The U.S. Census Bureau and the Department of Housing and Urban Development reported Wednesday morning that new housing starts in February increased.
Peabody Energy One Step Closer to Bankruptcy Filing
Peabody Energy has told the SEC that there is "substantial doubt whether we will be able to continue as a going concern." The only surprise here is how long this took.
SunEdison, TerraForm Power Delay Filing Again
SunEdison has filed a statement with the SEC that it will delay filing its 2015 Form 10-K annual report beyond the extended due date of March 15.
Mortgage Loan Rates Rise Again, Applications Slide
The latest Mortgage Bankers Association report on mortgage applications noted a week-over-week decrease in the group's seasonally adjusted composite index for the week ending March 11.
The 52-Week Low Club for Tuesday
March 15, 2016: Here are four stocks trading with heavy volume among 33 equities making new 52-week lows in Tuesday’s session. Valeant Pharmaceuticals International Inc. (NYSE: VRX) dropped by more than 51% on Tuesday…
The 4 Stocks That Held the Dow Up Slightly Monday
March 15, 2016: Markets opened lower again on Tuesday as crude oil prices continued a slide begun on Monday and the Census Bureau’s report on retail sales in February was a bit of disappointment.…
TerraForm Power Filing Expected After Markets Close Tuesday
TerraForm Power filed a notice with the U.S. Securities and Exchange Commission on February 29 delaying the filing of its Form 10-K annual report until March 15, the extended filing deadline.
CEO Economic Forecast Remains Near 3-Year Low
Chief executive officers of large American companies are not becoming more upbeat on the U.S. economy in 2016 than they were in the fourth quarter of 2015.
Oil Companies Capex Down More Than 50% for 2016
The announced cuts to capital spending in the oil and gas exploration and production business average over 50%, with cuts of up to 80% at some firms.
Homebuilder Confidence Steady in March
In October 2015, the NAHB index reached 64, its highest level since the end of the housing boom in late 2005.
February Retail Sales Slip 0.1%
The U.S. Census Bureau released advance estimates of retail and food services sales for February on Tuesday morning.