EPA Wins in Coal Mine Dispute: Is Keystone XL Next?
The EPA last year invalidated a 2007 permit issued by the Army Corps of Engineers to a subsidiary of Arch Coal allowing the company to build a mountaintop mine in West Virginia. The U.S.…
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Paul Ausick
58.com Punishes Investors With Secondary Offering
When 58.com launched its initial public offering last October, shares rose by 50% on the first day of trading and have continued to rise pretty much ever since. That means only one thing these…
Icahn Board Victory: Three Steps Closer to Control of Herbalife
If Herbalife gets its way, Carl Icahn will soon control five of the company's board seats (slightly more than 38%) while owning just under 17% of its stock. None of the board members being…
Nabors Warns, Weatherford Sells Pipelines: Trouble Brewing in Oil
ThinkstockThe oilfield services business had a good 2013, with shares of the three big players all gaining more than a third. Smaller firms posted a more mixed performance, but growth was solid. That does…
J.C. Penney CEO Gets Huge Raise
J.C. Penney Co. Inc.'s CEO Myron E. (Mike) Ullman just got a huge boost in pay after spending a year trying to right the sinking retailer's ship. Whether he deserves the pay hike is…
Apple Supplier Pegatron Looking at Weak Q1: What About Q2?
Pegatron, the Taiwan-based company that is the main manufacturer of the iPhone 5c from Apple, reported Monday morning that its earnings rose by 22% in the fourth quarter of 2013.
Mobile Ad Spending Soars 75%
ThinkstockSpending on mobile advertising worldwide more than doubled in 2013 to $17.96 billion and 2014 growth is reckoned at 75% to a global total of $31.5 billion. The 2014 total represents about 25% of…
Oil Trader Gunvor Claims Business as Usual After U.S. Sanctions
ThinkstockWhen President Obama announced the second round of sanctions Thursday on 13 Russian individuals, the list included Gennady Timchenko, co-founder of Gunvor, the world’s fourth-largest oil trading firm. To say the announcement sent jitters…
Microsoft Stock at 14-Year High
MicrosoftIt didn’t take very long for Microsoft Corp. (NASDAQ: MSFT) to erase the $100 price premium it charged for the new Xbox One compared with Sony Corp.’s (NYSE: SNE) PlayStation 4. All it took…
IPO Preview: A Blizzard of New Offerings Next Week
ThinkstockAs many as 11 companies could be holding initial public offerings (IPOs) next week. The firms run the gamut, from gamemaker King Digital to the billboard company spinning off from its parent. We’ve looked…
Walmart Now Has Six Types of Stores
Wal-Mart Stores Inc.With the launch last week of a gas station/convenience store, Wal-Mart Stores Inc. (NYSE: WMT) now offers customers six different store formats to choose from, ranging from the Supercenters of up to…
Huge Retailers Offer Black Friday for Spring
ThinkstockIt’s not really Black Friday, but Black Friday Lite. Some of the country’s biggest retailers have chosen this weekend, just a day after the first day of Spring, to promote “Black Friday-like” pricing on…
The 5 Stocks That Sank Markets on Friday
thinkstockMarch 21, 2014: Markets opened higher on Friday but the Nasdaq sank quickly, bounced for a while, and finally settled solidly lower. It took the Dow and the S&P 500 until noon to really…
Visa, MasterCard Cut Service to Two Russian Banks
ThinkstockFollowing President Obama’s order on Thursday of sanctions against two dozen Russian citizens, credit card issuers Visa Inc. (NYSE: V) and MasterCard Inc. (NYSE: MA) have stopped providing services to two Russian Banks. One…
Biopharma Firm Versartis Gets Golden IPO Treatment
Biopharmaceutical firm Versartis sold 6 million shares in a Friday morning IPO at a price higher than the estimated range. Shares were up more than 60% in the noon hour.
Borderfree IPO Follows Lead of Other Recent Techs: Higher
Borderfree offered 5 million shares in an initial public offering Friday morning. Shares priced at the top of their expected range. Shares were up more than 20% in morning trading.
Amber Road IPO Races Off the Line
Amber Road, a maker of cloud-based software for global trade management, held its initial public offering (IPO) Friday, selling 7.4 million shares at a price of $13 a piece. Shares were up 30% in…
Nike: A Time to Buy?
Since being added to the Dow Jones Industrials Index last September, shares of Nike are up just over 11%. In the same period, Under Armour is up 57%. But that is not an entirely…
Could Obamacare Be Working?
WellPoint raised its earnings outlook for the 2014 fiscal year, citing a benefit from the Affordable Care Act, aka Obamacare, and the expected addition of a million or more new members.
Google’s Delivery Service: Just Another Way to Use Search
Can the company that delivers search results in the digital world also deliver the goods in the brick-and-mortar world? And if Google can do that, can it make any money doing it?