courtesy Wal-Mart Stores Inc.Update: This story edited to include Walmart’s denial of a report of a cut in orders. Mega-retailer Wal-Mart Stores Inc. (NYSE: WMT) has denied as “blatantly false” reports that it has…
ThinkstockNo new oil refinery has been built in the U.S. in more than 35 years. Now there are two in the works. A 20,000-barrel a day refinery in North Dakota is already under construction…
courtesy Boeing Co.In what seems like a never-ending stream of problems with The Boeing Co.’s (NYSE: BA) 787 Dreamliner, Polish flag-carrier LOT Polish Airlines ASA said on Wednesday that it was forced to ground…
Thinkstock Cancer-treatment company Foundation Medicine Inc. (NASDAQ: FMI) held its initial public offering (IPO) Wednesday morning. The company sold 5.9 million shares at an offering price of $18 a share, above its proposed range…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 2.6 million barrels last week, maintaining a total U.S. commercial crude inventory to 358.3…
courtesy J.C. Penney Co. Inc.Update: At the time of writing, we had not seen the news that Goldman Sachs had downgraded J.C. Penney stock to Underperform. Given that the bank was reported earlier this…
ThinkstockThe U.S. Census Bureau this morning released data on new single-family home sales for August. Sales rose 7.9% month-over-month, to a seasonally adjusted annual rate of 421,000 from a downwardly revised July sales figure…
ThinkstockChina’s e-commerce giant, Alibaba, has dropped plans to file for an initial public offering (IPO) valued at more than $60 billion on the Hong Kong Stock Exchange. The company now is expected to file for…
ThinkstockWe have tracked the key short interest changes as of September 13 in the following 3D printer and services companies: 3D Systems Inc. (NYSE: DDD), Stratasys Ltd. (NASDAQ: SSYS), The ExOne Co. (NASDAQ: XONE)…
ThinkstockWe have tracked the short interest in the following North American Solar companies as of September 13: Canadian Solar Inc. (NASDAQ: CSIQ), First Solar Inc. (NASDAQ: FSLR), GT Advanced Technologies Inc. (NASDAQ: GTAT), SunEdison…
ThinkstockWe have tracked the key short interest changes as of September 13 in the following semiconductor leaders: Intel Corp. (NASDAQ: INTC), Advanced Micro Devices Inc. (NYSE: AMD), Micron Technology Inc. (NASDAQ: MU), SanDisk Corp.…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 5.5% in the group’s seasonally adjusted composite index, following a rise of 11.2% for the previous…
September 24, 2013: U.S. markets opened slightly higher on Tuesday but a weak report on consumer confidence pushed equities down to their daily lows. Stocks recovered though as the earlier release of the Case-Shiller house…
ThinkstockFrench officials revealed on Tuesday that $2 million in gold bars disappeared from an Air France passenger plane after the gold had been loaded on the plane for a flight to Zurich. The gold…
thinkstockBob Iger, CEO of The Walt Disney Co. (NYSE: DIS), told an audience at the Goldman Sachs Communacopia conference on Tuesday morning that cable providers and telecom carriers may have to get used to…
ThinkstockOver the past five days, shares of three companies focused on rare earth mineral production have climbed more than 10% while the S&P 500 has managed to stay barely better than flat. Shares of…
Courtesy of BlackBerryProspective buyers have not exactly been lining up to challenge the $9 per share offer to take smartphone maker BlackBerry Ltd. (NASDAQ: BBRY) private. The offer, from Fairfax Financial Holdings, which owns…
ThinkstockChip maker Cypress Semiconductor Corp. (NASDAQ: CY) cut its guidance Tuesday morning, citing greater-than-expected weakness in the market for mobile handset revenues. The cut is having a negative effect on other chipmakers as well.…
courtesy Airbus S.A.By 2032, the current worldwide airplane fleet of 17,740 planes will nearly double to 36,560 aircraft. The dollar value of the new planes will exceed $4 trillion. The forecast comes from Airbus…
ThinkstockThe S&P/Case-Shiller home price index for July posted another month of solid gains. The 20-city composite rose 12.4% year-over-year, in line with the consensus estimate for the month. The 10-city index rose 12.3% year-over-year…