courtesy Dell Inc.Activist investor Carl Icahn filed suit yesterday to prevent the special committee of the board of directors at Dell Inc. (NASDAQ: DELL) from changing the record date for voting purposes on the…
ThinkstockAfter markets closed last night, Standard & Poor’s downgraded the already junk-rated debt of RadioShack Corp. (NYSE: RSH) from ‘CCC+’ to ‘CCC’. That’s eight notches below investment grade. S&P’s outlook on the company remains…
ThinkstockIndependent oil & gas exploration & production company Athlon Energy Inc. (NYSE: ATHL) sold approximately 15.8 million shares this morning at $20 a share in an initial public offering (IPO) that raised net proceeds…
courtesy of Dell The special committee of Dell Inc.’s (NASDAQ: DELL) board of directors has agreed to a new, sweetened offer from founder Michael Dell and Silver Lake Partners to take the company private.…
courtesy of Chevron Corp.Chevron Corp. (NYSE: CVX) reported second-quarter 2013 results before markets opened this morning. The oil and gas supermajor posted diluted earnings per share (EPS) of $2.77 on revenues of $55 billion.…
ThinkstockAlpha Natural Resources Inc. (NYSE: ANR) reported second-quarter 2013 results before markets opened this morning. The coal miner posted an adjusted diluted earnings per share (EPS) loss for the quarter of $0.59 on revenues…
August 1, 2013: U.S. equity markets opened higher this morning as PMI readings in Europe bounced generally higher and China’s PMI improved slightly to remain positive. In the U.K., the Bank of England made…
ThinkstockIn a tracking survey that estimates the percentage of the U.S. population employed at least 30 hours a week, Gallup reports that the Payroll to Population (P2P) employment rate remained essentially flat, down just…
ThinkstockAutomakers reported July sales throughout the day today, and while sales month-over-month declined, sales compared with July of 2012 came in significantly higher for most automakers. For the full year, the seasonally adjusted annual…
courtesy of Google Inc.The Android operating system from Google Inc. (NASDAQ: GOOG) is cementing its spot at the top of the heap of smartphone operating systems. At the end of the second quarter, Android…
ThinkstockThe U.S. Census Bureau reported this morning that construction spending in June dropped by 0.6% to an estimated seasonally adjusted annual rate of $883.9 billion from an upwardly revised estimate of $889.4 billion in…
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks increased by 59 billion cubic feet last week, compared with an expected build of between 54 billion and 58 billion cubic…
Wikimedia CommonsOil and gas supermajor Exxon Mobil Corp. (NYSE: XOM) reported second-quarter 2013 estimated results before markets opened this morning. The company posted diluted earnings per share (EPS) of $1.55 on revenues of $106.47…
ThinkstockTransCanada Corp. (NYSE: TRP) announced this morning that it will proceed to the next stage of development for its Energy East pipeline, which is intended to carry 1.1 million barrels a day from the oil…
courtesy Chesapeake Energy Corp.Chesapeake Energy Corp. (NYSE: CHK) reported second-quarter 2013 earnings before markets opened this morning. The oil and gas exploration and production company posted adjusted diluted earnings per share (EPS) of $0.51…
ThinkstockBarrick Gold Corp. (NYSE: ABX) reported second-quarter 2013 earnings before markets opened this morning. The gold miner posted adjusted earnings per share (EPS) of $0.66 on revenues of $3.2 billion. In the same period…
ThinkstockAutomakers will be reporting July sales tomorrow, and while sales month-over-month are projected to decline, sales compared with July of 2012 are expected to be significantly higher. For the full year, the seasonally adjusted…
July 31, 2013: U.S. equity markets opened higher this morning as traders and investors this afternoon’s announcement from the FOMC. In Europe, the unemployment rate in the eurozone was unchanged at 12.1%, and Germany’s…
courtesy of SamsungA new smartphone brand study could be the harbinger of a new world order. Two smartphones made by Samsung Electronics were the top U.S. scorers, ahead of various iPhone models from Apple…
Thinkstock Pershing Square Capital Management this morning filed a report with the U.S. Securities and Exchange Commission revealing that it has purchased a 9.8% stake (about 20.55 million shares) in Air Products & Chemicals…