ThinkstockIn the July release of its Oil Market Report, the Organization of Petroleum Exporting Countries (OPEC) for the first time estimates that demand for the cartel’s crude will decline in 2014. Demand in 2013…
ThinkstockBig investments in big solar energy prospects are nothing especially new. What is relatively new is a way for small retail investors to join the party. Mosaic Inc., a two-year old startup in Oakland,…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories dropped by 9.9 million barrels last week, maintaining a total U.S. commercial crude inventory to 373.9…
courtesy of Apple Inc.In a U.S. District Court ruling this morning, U.S. Department of Justice charges against Apple Inc. (NASDAQ: AAPL) for colluding to fix prices for e-books with several publishers were upheld. Apple.…
ThinkstockIn a move that even late Prime Minister Margaret Thatcher didn’t care to try, the United Kingdom’s postal service, the Royal Mail, is going to become a public company. The resulting company likely will…
ThinkstockOil field services firm Nabors Industries Ltd. (NYSE: NBR) warned on second-quarter earnings after markets closed last night. The Bermuda-based firm said that it now projects operating income for the quarter in the range…
ThinkstockFamily Dollar Stores Inc. (NYSE: FDO) reported third-quarter fiscal 2013 results before markets opened this morning. The discount retailer reported diluted earnings per share (EPS) of $1.05 on revenues of $2.57 billion. In the…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a drop of 4% in the group’s seasonally adjusted composite index, following a drop of nearly 12% for the…
ThinkstockA Gulf of Mexico oil well that has been inactive for 15 years began leaking gas condensate late Monday as workers were pluggiing the well for permanent abandonment. Five workers were safely evacuated from…
July 9, 2013: U.S. equity markets opened higher this morning on a day when there was no economic data due from the U.S. and only a bit from the rest of the world. In…
ThinkstockThe U.S. Energy Information Administration (EIA) released the monthly revision to its Short-Term Energy Outlook today, and the major change is that the EIA expects the average price of a barrel of WTI crude…
ThinkstockIn what may be the last massive mining project we see for some time, Turquoise Hill Resources Ltd. (NYSE: TRQ) announced yesterday that the $6.2 billion Oyu Tolgoi copper and gold project in Mongolia…
ThinkstockWhen supermajor oil companies like Royal Dutch Shell PLC (NYSE: RDS-A) pick a new chief executive officer, the new appointment virtually always comes from the upstream exploration and production side of the business. After…
courtesy of Hostess Brands Inc.The excitement is palpable. Hostess Twinkies, Ding Dongs, Ho Hos and Cupcakes will arrive again on store shelves next week. Check out the countdown clock on the Hostess website to…
ThinkstockIn the month of May, 52,000 U.S. homes were foreclosed, more than a revised total of 50,000 in April and down from 71,000 in May 2012, according to research firm CoreLogic Inc. (NYSE: CLGX).…
ThinkstockThe National Federation of Independent Business (NFIB) this morning reported a drop of 0.9 points in its small business optimism index, from 94.4 in May to 93.5 in June. The May index was the…
ThinkstockThe Kroger Co. (NYSE: KR) today announced that it would acquire supermarket chain Harris Teeter Supermarkets Inc. (NYSE: HTSI) for $49.38 a share in cash, or about $2.5 billion. The price represents a premium…
ThinkstockThe change was inevitable. The British Bankers Association has been kicked out as the controller of the London Interbank Offered Rate, better known as Libor, and replaced by NYSE Euronext Inc. (NYSE: NYX). Libor…
ThinkstockAlcoa Inc. (NYSE: AA) reported second-quarter fiscal 2013 results after markets closed today. The aluminum miner and refiner reported quarterly adjusted diluted earnings per share (EPS) of $0.07 on revenues of $5.8 billion. In…
July 8, 2013: U.S. equity markets opened higher this morning following a long holiday weekend interrupted by Friday’s report on jobs and the unemployment rate. In Europe, the troika of the EC, the ECB,…