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Paul Ausick

Why Gasoline Prices Have to Beware Shrinking Inventories

ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 4 million barrels last week, maintaining a total U.S. commercial crude inventory to 384.1…

Paul Ausick · 12 years ago

Wholesale Trade Rises in February

ThinkstockThe U.S. Census Bureau reported Wednesday morning that U.S. wholesale trade rose 0.7% in February to $436.1 billion from a downwardly revised January total and up 3.1% compared with February 2013. Economists polled by…

Paul Ausick · 12 years ago

Bacon Prices Surge

ThinkstockThe price of bacon in the United States rose 13% in February, according to a report from the U.S. Department of Agriculture (USDA). The agency said that the supply of hogs was “ample,” but…

Paul Ausick · 12 years ago

Beer Sales Drive Constellation Brands Earnings

Constellation Brands reported better-than-expected fourth-quarter and full-year fiscal 2014 earnings before markets opened Wednesday morning, though sales in the wine and spirits segment were flat.

Paul Ausick · 12 years ago

Rising Mortgage Rates Chill Refinancing

ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 1.6% in the group’s seasonally adjusted composite index. That followed a drop of 1.2% for the…

Paul Ausick · 12 years ago

The 4 Stocks That Restarted the Market

thinkstockApril 8, 2014: Markets opened mixed on Tuesday with the tech momentum stocks rocking the Nasdaq Composite higher. Consumer discretionary stocks picked up later in the morning and the three major indexes are pointed…

Paul Ausick · 12 years ago

EIA Predicts Gasoline Price Hike to Continue

ThinkstockThe most recent forecast from the U.S. Energy Information Administration calls for the average price of a gallon of gasoline to rise to a peak of $3.66 in May before declining to $3.46 a…

Paul Ausick · 12 years ago

Microsoft, Nokia Deal Almost Done

Nokia announced Tuesday morning that the sale of virtually all the company's devices and services business to Microsoft had received approval from China's Ministry of Commerce.

Paul Ausick · 12 years ago

Tesla to Finance Leases for Business Owners

On the company's corporate blog Tuesday, Tesla Motors announced a new leasing program for small and medium-sized businesses that the company said is a result of requests from business owners.

Paul Ausick · 12 years ago

What Do Amazon’s Video Streaming Gains Really Mean?

Without giving any specific numbers, Amazon.com announced Tuesday morning that Amazon Instant Video tripled the number of video streams it delivered year-over-year, surpassing both Hulu and Apple.

Paul Ausick · 12 years ago

Rio Tinto Gives Away Stake in Gold Mine

When the EPA ruled last month that Northern Dynasty Minerals could not proceed with its plan for the Pebble Mine in Alaska, Rio Tinto had a decision to make. It made that decision Monday.

Paul Ausick · 12 years ago

Small Business Optimism Rises

ThinkstockThe National Federation of Independent Business (NFIB) Tuesday morning reported that its small business optimism index for March rose two points from 91.4 in February to come in at 93.4. The index has yet…

Paul Ausick · 12 years ago

Walmart Still Struggles in India

Walmart tried for at least the past two years to persuade the government of India to allow more foreign direct investment in the country so that the giant retailer could bring its superstores to…

Paul Ausick · 12 years ago

James River Coal Files for Bankruptcy

The natural gas revolution claimed its first coal-mining victim after markets closed Monday night. James River Coal filed for Chapter 11 bankruptcy protection as it tries to find either investors or buyers.

Paul Ausick · 12 years ago

The 10 Most Popular Government Websites

Healthcare.govIt’s probably no surprise that millions of Americans visited HealthCare.gov — the website where Americans can sign up for health insurance under the Affordable Care Act. However, while it was among the most visited…

Paul Ausick · 12 years ago

The 4 Stocks That Slammed the Market

thinkstockApril 7, 2014: Markets opened lower on Monday and were on a downhill slide all day long. Momentum stocks again had a terrible day. At the close of trading today the DJIA was down…

Paul Ausick · 12 years ago

Lands’ End Begins Trading With Low-Quality Products

Sears Holdings completed its spin-off of Lands' End on Monday morning, when shares of the mail-order clothing retailer began "regular-way" trading. Sears stock has tanked Monday morning.

Paul Ausick · 12 years ago

Why Questcor Buyout Will Not Deter Short Sellers

The $5.6 billion acquisition of Questcor Pharmaceuticals by specialty drugmaker Mallinckrodt started the week off with a big bang. But just what did Mallinckrodt get?

Paul Ausick · 12 years ago

Why a Boeing 777 Costs $320 Million

Courtesy Boeing Co.When an Australian ship first identified signals from deep in the Indian Ocean as being “consistent with” the sort of signals generated by an airplane’s flight data recorder — the “black box”…

Paul Ausick · 12 years ago