Natural Gas Price Climbs to Four-Year High
thinkstockRelatively tight supplies and forecasts for more cold weather sent natural gas prices over $6 per million BTUs on Wednesday for the first time since January of 2009. And while the high prices are…
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Paul Ausick
Top Online Service Brands Connect With Customers
Research firm Brand Keys released on Wednesday its 2014 customer loyalty index for online service brands. The firm tracks 70 brands in seven categories. See how top brands like Amazon, Google and Netflix fared.
Garmin Navigates to Growth, Plans Dividend Hike
Garmin reported better-than-expected fourth-quarter and full-year 2013 results before markets opened Wednesday morning and said it would recommend a dividend hike at its June annual meeting. Shares rose 5% early Wednesday.
Yamana Gold Cuts Dividend, but Stock Price Holds Up
Shares of Yamana Gold have bounced about 23% off their 52-week low of $8.31 set on December 2. The company reported fourth-quarter earnings Wednesday, missing estimates and cutting the dividend by nearly 35%.
New Housing Starts Tank in January
ThinkstockThe U.S. Census Bureau and the Department of Housing and Urban Development reported Wednesday morning that new housing starts in January rose to a seasonally adjusted annual rate of 880,000. That was a decrease…
Jeweler Zale Acquired by Signet for $1.4 Billion
Signet Jewelers announced Wednesday morning that it will acquire Zale for $21 a share in cash for a total of about $1.4 billion. The combined company will have more than 3,500 retail stores. Shares…
Devon Energy Dumps Canadian Assets for $2.8 Billion
Devon Energy announced Wednesday morning that it had sold the majority of its Canadian assets to Canadian Natural Resources for $2.8 billion. The transaction does not include its holdings in the oil sands and…
Mortgage Loan Rates Rose Last Week
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 4.1% in the group’s seasonally adjusted composite index. That followed a drop of 2% for the…
The 4 Stocks That Dominated the Market on Tuesday
thinkstockFebruary 18, 2014: Markets opened slightly higher on Monday but the DJIA turned south quickly and struggled all day before finishing with a fractional loss. The healthcare sector, especially in the biotech stocks, gave…
Apple Supplier Gets Vote of Confidence for Sapphire Glass
courtesy of Apple Inc.GT Advanced Technologies Inc. (NASDAQ: GTAT) shares got a boost on Tuesday after price target hike from $13 to $15 from analysts at Canaccord Genuity. The raise is due to Canaccord’s…
After Union Contract OK, Boeing to Build 777X Wing in Washington State
In what may be the least surprising press release we'll see this year, Boeing announced Tuesday morning that it will build a new plant in Everett, Washington, where it will build the new composite…
Gasoline Pump Prices Rise for 11th Consecutive Day
ThinkstockSince February 8, the pump price for a gallon of regular gasoline has risen from around $3.26 to nearly $3.37, with more than half of the rise coming last week. That is the highest…
Homebuilder Confidence Collapses in February
ThinkstockThe National Association of Home Builders (NAHB)/Wells Fargo housing market index for February fell 10 points to 46 from a reading of 56 in January. The reading was far below a consensus forecast of…
Former GM Exec Lutz to Run Electric Car Firm VIA
The former vice-chairman of General Motors, Bob Lutz, has been named chairman of the board of directors of VIA Motors, a privately held maker of electric vehicles based in Orem, Utah.
Candy Crush Maker’s IPO: Do Mobile Games Have Legs?
Dublin, Ireland-based King Digital Entertainment, makers of the wildly popular mobile game Candy Crush Saga, has filed a Form F-1 with the U.S. Securities and Exchange Commission for an initial public offering (IPO) to…
Coca-Cola Results Hit by Foreign Exchange, Lower Volume
Coca-Cola reported disappointing fourth-quarter and full-year 2013 results before markets opened Tuesday morning, but shares were up fractionally in premarket trading.
PlayStation 4: More Than 5 Million Sold
Just ahead of next week's Japanese launch, Sony announced on Tuesday that the company had sold 5.3 million of its PlayStation 4 game consoles. The company had forecast sales of 5 million by the…
The Oil Futures Market: Prices Are High Because Nobody Wants to Play
ThinkstockGasoline prices in the United States have risen nearly six cents a gallon in the past month, and the spot price for a barrel of West Texas Intermediate (WTI) crude oil has risen from…
Assets Under Management by 2020: $100 Trillion
ThinkstockAsset management firms currently have about $64 trillion in investable assets, but that number is predicted to grow to more than $100 trillion by 2020, a compound annual growth rate of more than 6%.…
Apple, Boeing: R&D Cheapskates?
JoeInQueens, via Wikimedia CommonsIn 2013 the United States spent more corporate money on research and development than any other country in the world. Of a total spending level of €538.8 billion (about $738.3 billion),…