Apple Buys a Mapping Company
ThinkstockIn what an obvious effort to beef up its widely panned iOS mapping capability, Apple Inc. (NASDAQ: AAPL) has acquired a small Canadian firm, Locationary, for an undisclosed sum. The company offers a local…
All Work
Paul Ausick
Baker Hughes Earnings Could Be Better Than They Look
ThinkstockBaker Hughes Inc. (NYSE: BHI) reported second-quarter results before markets opened this morning. The oil field services firm posted adjusted diluted quarterly earnings per share (EPS) of $0.65 on revenues of $5.49 billion. In…
General Electric Counting on Orders and Backlog
courtesy of General ElectricGeneral Electric Co. (NYSE: GE) reported second-quarter 2013 results before markets opened this morning. The conglomerate posted adjusted diluted quarterly earnings per share (EPS) of $0.36 on revenues of $35.1 billion.…
Schlumberger Turns It Around in North America
ThinkstockSchlumberger Ltd. (NYSE: SLB) reported second-quarter 2013 results before markets opened this morning. The oil field services firm posted adjusted diluted quarterly earnings per share (EPS) of $1.15 on revenues of $11.18 billion. In…
Microsoft Company Earnings a Mighty Whiff
courtesy of MicrosoftMicrosoft Corp. (NASDAQ: MSFT) reported fourth-quarter and fiscal-year 2013 results after markets closed today. The software behemoth reported adjusted diluted earnings per share (EPS) of $0.52 on revenues of $19.9 billion for…
Google Company Earnings Not Awe-Inspiring
courtesy of Google Inc.Google Inc. (NASDAQ: GOOG) reported second-quarter 2013 results after markets closed today. The software behemoth posted adjusted diluted earnings per share (EPS) of $9.56 on revenues of $11.1 billion. In the…
Closing Bell for Thursday on Wall Street: Markets Open Mixed, Muddle to Positive Close
July 18, 2013: U.S. equity markets opened higher this morning after the report on new jobless claims in the U.S. came in better than expected. In Europe, Greece agreed to fire another 25,000 public…
Crude Spread Falls Below $1 a Barrel
thinkstockThe price differential (spread) between a barrel of WTI crude and a barrel of Brent crude has closed to less than $0.50 a barrel after soaring to around $28 a barrel in October of…
Which Stations Sell the Cheapest Gasoline?
ThinkstockIn what may be a Pyrrhic victory, Anglo-Dutch oil supermajor Royal Dutch Shell plc (NYSE: RDS-A) is the market leader among branded gasoline sellers in the U.S. for the first half of 2013. BP…
U.K. Urges Disabling 787 Dreamliner Transmitters
courtesy Boeing Co.Last week’s fire in an unoccupied Boeing Co. (NYSE: BA) 787 Dreamliner at London’s Heathrow airport apparently has been traced to a malfunction in the aircraft’s emergency locator transmitter. The U.K.’s Air Accidents…
Freddie Mac: Mortgage Loan Rates Easing Back
ThinkstockIn its weekly Primary Mortgage Market Survey, home lending giant Freddie Mac reported that mortgage rates for fixed-rate loans have finally broken a two-month string of weekly increases. The interest rate on a 30-year…
Natural Gas Futures React to Lower-Than-Expected Build
thinkstock The U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks increased by 58 billion cubic feet last week, compared with an expected build of around 64 billion cubic feet anticipated…
Exchange Rate Volatility Hampers Earnings: Who Gets Blamed?
ThinkstockFollowing last month’s Federal Open Market Committee (FOMC) meeting, the euro-U.S. dollar exchange rate (EURUSD) fell to just over 80. Less than a month later the EURUSD came within a few ticks of 85, and…
Verizon Company Earnings Rise, So Does Spending
courtesy of VerizonVerizon Communications Inc. (NYSE: VZ) today reported second-quarter 2013 results before markets opened this morning. The telecom giant reported adjusted diluted quarterly earnings per share (EPS) of $0.73 on revenues of $29.79…
Philip Morris Company Earnings Up in Smoke
Wikimedia CommonsPhilip Morris International Inc. (NYSE: PM) reported second-quarter 2013 results before markets opened this morning. The tobacco products firm posted adjusted diluted earnings per share (EPS) of $1.30 on revenue of $7.92 billion.…
Nokia Disappoints Investors Again
courtesy of Nokia Corp.Nokia Corp. (NYSE: NOK) reported second-quarter 2013 results before markets opened this morning. The mobile handset maker’s adjusted earnings broke even on revenues of €5.7 billion (about $4.37 billion). In the…
Wall Street After-Hours: J.P. Morgan, American Express, eBay
thinkstockJ.P. Morgan Chase & Co. (NYSE: JPM) are reportedly negotiating a settlement of $500 million with the Federal Energy Regulatory Commission (FERC). The FERC announced penalties of about $470 million against Barclays PLC (NYSE:…
Intel Company Earnings Soft, Forecast Softer
Wikimedia CommonsIntel Corp. (NASDAQ: INTC) reported second quarter results after markets closed today. The semiconductor maker reported diluted earnings per share (EPS) of $0.39 on revenue of $12.8 billion. In the same period a…
Closing Bell for Wednesday on Wall Street: Markets Open Higher, Close with Small Gains
July 17, 2013: U.S. equity markets opened higher this morning and managed to hold onto a decent gain following a day of ups and downs as Fed Chairman Ben Bernanke testified before Congress. While…
U.S. Approves Pipeline to Canada — Not That One Though
Thinkstock An 80-mile-long chunk of the Vantage Pipeline system to carry ethane gas from North Dakota to Alberta has been approved by the U.S. State Department and the President. Ethane is used as a…