Dreamliner Again Tests the Patience of Norwegian Airline
courtesy Boeing Co.One of the two 787 Dreamliners in the fleet of Norwegian Air Shuttle ASA remains on the ground in Bangkok Friday due to problem with a hydraulic pump. This is at least…
All Work
Paul Ausick
Americans Like Keystone XL, Don’t Like Fracking
ThinkstockSome 65% of Americans surveyed by Pew Research favor construction of the Keystone XL pipeline. An identical number favor stronger limits on fracking. Only 38% of those surveyed favor increasing electricity generation using nuclear…
Feds Search Lumber Liquidators’ Offices
ThinkstockOn Thursday, federal authorities from the Department of Homeland Security’s Immigration and Customs Enforcement group and the U.S. Fish and Wildlife Service searched the corporate offices of Lumber Liquidators Holdings Inc. (NYSE: LL). In…
Violin Memory IPO Slumps with Tech Sector
ThinkstockFlash memory array maker Violin Memory Inc. (NASDAQ: VMEM) sold 18 million shares at $9 apiece Friday morning in an initial public offering (IPO) that raised net proceeds of around $147 million. The IPO…
Russian Energy Giants Battle over Natural Gas
Courtesy RosneftRussian oil giant Rosneft wants in on the country’s natural gas business, which is controlled by the country’s other energy giant, natural gas producer Gazprom. Exxon Mobil Corp. (NYSE: XOM) is caught in…
J.C. Penney Shares Get No Help from Secondary Offering
courtesy J.C. Penney Co. Inc.Before markets opened on Friday morning, J.C. Penney Co. Inc. (NYSE: JCP) priced a secondary offering of 84 million shares of common stock at $9.65 a share, about 7.4% below…
BlackBerry Company Earnings Mostly Meaningless
Courtesy of BlackBerryJust one week ago, BlackBerry Ltd. (NASDAQ: BBRY) issued a warning on second-quarter results that sent the stock plunging. The stock closed Thursday down nearly 25% since that announcement. The Friday morning…
Polish Airlines Wants Boeing to Pay for Dreamliner Problems
The Boeing Co.Poland’s national airlines,LOT Polish Airlines ASA, has told The Boeing Co. (NYSE: BA) that the U.S. maker of the 787 Dreamliner has until the end of 2013 to settle damage claims related…
Thursday Closing Bell: Markets Ignore Politics to Close Higher
September 26, 2013: U.S. markets opened higher Thursday following a better-than-expected report on new jobless claims and the third estimate on second-quarter U.S. GDP came in as expected. Pending home sales fell in August as low…
Apple to Sign China Mobile Deal?
courtesy of Apple Inc.The question really is not “if,” but “when.” Leaked photos of a poster said to be from China Mobile Ltd. (NYSE: CHL), the largest wireless carrier in the world with 700…
New Car Sales Have a Tough September
ThinkstockNew U.S. car sales for the month of September, including fleet sales, are expected to reach 1.17 million units, down 1.8% year-over-year from 1.89 million units sold in September 2012, according to Kelley Blue…
Mobile Device Memory Chip Demand to Rise as PC Demand Falls
ThinkstockAll those smartphones and tablets that manufacturers are making and consumers are buying typically include a minimum of 512 megabytes to 1 gigabyte of dynamic random access memory (DRAM) in every device. That may…
Pending Home Sales Constrained by Inventory, Higher Prices
ThinkstockThe National Association of Realtors (NAR) this morning released its data on pending sales of existing homes in August. The pending home sales index fell 1.6% from a downwardly revised index reading of 109.4…
Why the Suntech Bankruptcy Ruling Was Delayed
ThinkstockA Chinese court has delayed a ruling on the restructuring plan proposed by solar PV maker Suntech Power Holdings Co. Ltd. (NYSE: STP) until the end of this year. Besides postponing the inevitable, the…
Huge Gain in Natural Gas Supply Hits Price
thinkstockThe U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 87 billion cubic feet last week, compared with an expected build of about 74 billion to 78 billion…
Can J.C. Penney Stop the Bleeding?
courtesy J.C. Penney Co. Inc.After posting a new 52-week low on Wednesday, Thursday’s premarket trading in shares of J.C. Penney Co. Inc. (NYSE: JCP) ticked up a little. The company issued an announcement this…
Nokia, Alcatel Partnership: China Is the Prize
ThinkstockReports from unnamed sources indicate that the Nokia Corp. (NYSE: NOK) board has discussed a tie-up with Paris-based Alcatel-Lucent (NYSE: ALU), now that the Finnish company has shed its mobile handset business in a…
Two Oil and Gas Breakups Too Large to Ignore
ThinkstockTwo oil field services companies announced on Tuesday that they plan to spin off parts of their businesses into separately traded companies. National Oilwell Varco Inc. (NYSE: NOV) will hive off its distribution business,…
iPhone 5C Price Cut — in China
courtesy of Apple Inc.When Apple Inc. (NASDAQ: AAPL) released its new iPhone 5S and 5C a couple of weeks ago, one of the countries included in the lucky first 11 was China. A basic…
Wednesday Closing Bell: Markets Drift to Lower Close
September 25, 2013: U.S. markets opened slightly higher again Wednesday and pretty much followed the same trajectory as the day before. Today’s report on U.S. durable goods orders was a dubious achievement and other…