ThinkstockThe U.S. Census Bureau this morning released data on new single-family home sales for June. Sales rose 8.3% month-over-month to a seasonally adjusted annual rate of 497,000, from a downwardly revised May sales figure…
ThinkstockYesterday afternoon, Hercules Offshore Inc. (NASDAQ: HERO) reported a problem at a natural gas well in the shallow waters of the Gulf of Mexico about 55 miles offshore of Grand Isle, La. All 44…
ThinkstockThe European Commission (EC) has been searching for a way for a long time to cut what it calls “unjustified high” credit and debit card fees. The commission might have just found it. The…
ThinkstockCaterpillar Inc. (NYSE: CAT) reported second-quarter 2013 results before markets opened this morning. The heavy equipment firm posted diluted earnings per share (EPS) of $1.45 on revenues of $14.62 billion. In the same period…
courtesy Boeing Co.The Boeing Co. (NYSE: BA) reported second-quarter 2013 results before markets opened this morning. The aerospace company posted adjusted diluted earnings per share (EPS) of $1.67 on revenues of $21.82 billion. In…
courtesy Ford Motor Co.Ford Motor Co. (NYSE: F) reported second-quarter 2013 results before markets opened this morning. The automaker posted adjusted diluted earnings per share (EPS) of $0.45 on revenues of $38.1 billion. In…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a drop of 1.2% in the group’s seasonally adjusted composite index, following a drop of 2.6% for the previous…
courtesy of NBN at German WikipediaThe U.S. Food and Drug Administration (FDA) today published an agency review on the health effects of menthol and nonmenthol cigarettes. Menthol currently enjoys exemption from an FDA rule…
Wikimedia CommonsAT&T Inc. (NYSE: T) reported second-quarter 2013 results after markets closed today. The telecom giant reported adjusted diluted quarterly earnings per share (EPS) of $0.67 on revenues of $32.1 billion. In the same…
July 23, 2013: U.S. equity markets opened higher this morning, but only the DJIA was able to stay in positive territory throughout the day. There was little economic data out of Europe today, but…
ThinkstockThe Organization of Petroleum Exporting Countries (OPEC) earned $982 billion in net oil export revenues in 2012 according to the latest report from the U.S. Energy Information Administration. The total is given in nominal…
ThinkstockIn the second quarter of 2013, 59% of privately held companies surveyed by PricewaterhouseCoopers LLP were optimistic about the U.S. economy. That’s up from 50% in the first quarter of this year and 50%…
ThinkstockThe day when you merely had to open your front door to pick up your mail may be fading away. The U.S. Postal Service has begun notifying residents of some new and fast-growing housing…
ThinkstockBy now, anyone paying any attention to gasoline prices has run into the term “blend wall,” which is the point at which mandated ethanol production matches or exceeds ethanol demand. Because gasoline marketers must…
ThinkstockNetworking giant Cisco Systems Inc. (NASDAQ: CSCO) announced this morning that it would acquire cybersecurity firm Sourcefire Inc. (NASDAQ: FIRE) for $76 a share in cash, a premium of 29% to Sourcefire’s closing price…
ThinkstockPeabody Energy Corp. (NYSE: BTU) reported second-quarter 2013 results before markets opened this morning. The coal miner posted adjusted diluted earnings per share (EPS) of $0.33 on revenues of $1.73 billion. In the same…
ThinkstockFreeport-McMoRan Copper & Gold Inc. (NYSE: FCX) reported second-quarter 2013 results before markets opened this morning. The mining company reported diluted earnings per share (EPS) of $0.49 on revenues of $4.29 billion. In the…
ThinkstockValero Energy Corp. (NYSE: VLO) reported second-quarter 2013 results before markets opened this morning. The oil refiner posted diluted earnings per share (EPS) of $0.85 on revenues of $34.03 billion, compared with EPS of…
ThinkstockLockheed Martin Corp. (NYSE: LMT) reported second-quarter 2013 results before markets opened this morning. The defense firm posted diluted earnings per share (EPS) of $2.64 on revenues of $11.4 billion. In the same period…
courtesy of KFCAccording to a report at Caijing.com.cn, China Central Television (CCTV), which in the past has exposed a number of food safety issues in China, reported over the weekend that sample ice cubes take…