ThinkstockIndependent oil and gas exploration and production company Apache Corp. (NYSE: APA) announced after markets closed on Thursday that it had launched a global strategic partnership with a subsidiary of Chinese oil giant Sinopec…
ThinkstockIn its report on personal income and spending for July, the U.S. Bureau of Economic Analysis data shows that personal income in current dollars grew by 0.1% month-over-month, as did personal spending (called personal…
August 29, 2013: U.S. markets opened lower Thursday morning on a better than expected report on new jobless benefits claims and a higher-than-expected second reading on second quarter GDP growth. Traders must be getting…
Among companies that continue to offer defined benefit retirement plans, shedding the risks associated with those plans has rapidly become a strategic objective. As company-sponsored pension plans have gotten better funded companies have focused…
ThinkstockIn its weekly Primary Mortgage Market Survey, home lending giant Freddie Mac reported that mortgage rates for fixed-rate loans have pulled back a little following five weeks of increases. The interest rate on a…
ThinkstockIn the month of July, 49,000 U.S. home foreclosures were completed, down from a revised total of 53,000 in June and down from 65,000 in July 2012, according to research firm CoreLogic Inc. (NYSE:…
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks increased by 67 billion cubic feet last week, compared with an expected build of about 64 billion cubic feet anticipated by…
courtesy of XiaomiLittle-known Chinese smartphone maker Xiaomi has just scored a major coup. The sixth largest smartphone maker has just announced that it has hired Google Inc. (NASDAQ: GOOG) Android vice president Hugo Barra…
courtesy of VerizonThe on-again, off-again discussions between Verizon Communications Inc. (NYSE: VZ) and Vodafone Group PLC (NASDAQ: VOD) for a Verizon buyout of Vodafone’s 45% stake in Verizon Wireless are reportedly on again. Vodafone…
ThinkstockThe quarter-over-quarter rise in U.S. gross domestic product (GDP) was 2.5% in the second quarter of 2013, according to data released Thursday morning by the U.S. Department of Commerce. The increase is more than…
ThinkstockFor the month of July, U.S. home sales reached an annualized rate of 5.5 million, up 4% from June and 11% higher than the rate in July 2012. But as with most things related…
Courtesy Toyota Motor Corp.The various models of the Prius from Toyota Motor Corp. (NYSE: TM) are the best-selling hybrid vehicles in the United States. As of the end of July, the three versions of…
August 28, 2013: U.S. markets opened mixed Wednesday morning as the potential for a military conflict in Syria dominated the news. Crude oil prices spiked overnight and there were other setbacks as well, like another…
ThinkstockAt 6 a.m. Wednesday morning, the three casinos in the state of Delaware launched free online sites for slot machines, poker, blackjack, and roulette. While today’s launch includes only for-fun gaming, the state is…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories increased by 3 million barrels last week, maintaining a total U.S. commercial crude inventory to 362…
ThinkstockThe National Association of Realtors (NAR) this morning released its data on pending sales of existing homes in July. The pending home sales index slipped 1.3% from an index reading of 110.9 in June,…
ThinkstockDell Inc. (NASDAQ: DELL) posted its highest-ever share of the global server market — 18.8% — as competitors International Business Machines Corp. (NYSE: IBM) and Hewlett-Packard Co. (NYSE: HPQ) both lost share. That s…
JoeInQueens, via Wikimedia CommonsApple Inc. (NASDAQ: AAPL) scored a modest victory on Tuesday in a trial related to price-fixing on e-books at its App Store. The same judge who has ruled against Apple on…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a drop of 2.5% in the group’s seasonally adjusted composite index following a decline of 4.6% for the previous…
ThinkstockWhen Caterpillar Inc. (NYSE: CAT) reported earnings in July, the company took the opportunity to cut its revenue and earnings guidance for the full fiscal year. Mining equipment maker Joy Global Inc. (NYSE: JOY)…