ThinkstockThe U.S. Census Bureau reported this morning that construction spending in May rose by 0.5% to an estimated seasonally adjusted annual rate of $874.9 billion from an upwardly revised estimate of $870.3 billion in…
thinkstockThe owner of the Los Angeles Times, the Chicago Tribune and other major daily newspapers is spending about $2.73 billion to acquire 19 TV stations in 16 markets. The Tribune Company already owns superstation…
ThinkstockThat summer camping trip just got a little bit cheaper. The average price of a gallon of regular gas has dropped seven cents in the past week, from around $3.56 to $3.49. A month…
ThinkstockCancer-drug developer Onyx Pharmaceuticals Inc. (NASDAQ: ONXX) issued a terse press release yesterday, saying it had “received and rejected” a buyout offer from Amgen Inc. (NASDAQ: AMGN) for $120 per share. Shares of Onyx…
June 28, 2013: U.S. equity markets opened lower this morning after a few days of stronger openings, mainly because investors were waiting for some economic data. They didn’t have to wait long as the…
Restaurant chain Noodles & Company (NASDAQ: NDLS) held its initial public offering (IPO) today, selling 5.4 million shares at $18 a share. The stock has since doubled, the first IPO of the year to…
courtesy of Sprint Corp.There has never been much question that the value of Clearwire Corp. (NASDAQ: CLWR), either to Sprint Nextel Corp. (NYSE: S), Dish Network Corp. (NASDAQ: DISH), or SoftBank, lay in the…
ThinkstockGold futures for August delivery opened just shy of $1,200 an ounce this morning on the Comex, and have since gained more than 6% to trade right around $1,217. But the good news ends…
courtesy of SamsungFor the three months ending in May 2013, Samsung Electronics closed the market share gap slightly between itself and Apple Inc. (NASDAQ: AAPL) in the U.S. market. Apple’s share of smartphone sales…
ThinkstockTwo U.S. aluminum smelters, two more in Spain, and one in Italy have already been shut down by Alcoa Inc. (NYSE: AA) as the aluminum fabricator and miner tries to come to grips with…
ThinkstockThe impact of biofuel production on food prices has been disputed not so much on the basis of whether there is such an impact, but rather about the dimension of that impact. Many have…
ThinkstockThe preliminary June reading on the Thomson Reuters/University of Michigan consumer sentiment reading came in at 82.7. Today’s final June reading rose to 84.1, above a consensus estimate of 83, but slightly below a…
ThinkstockThe Institute for Supply Management – Chicago reported that its purchasing managers’ index (PMI) reading for June fell to 51.6. That is down from a 14-month high of 58.7 in May, and well below…
ThinkstockOne sure way of making money in coal mining these days is to find a buyer for your mining assets. That is what Arch Coal Inc. (NYSE: ACI) did this morning, and its stock…
ThinkstockA purchase of the Financial Times is once again being discussed, and the buyers are said to Rupert Murdoch’s News Corp. (NASDAQ: NWSA) and the state-controlled Abu Dhabi Media Group. A report in a…
ThinkstockAs the Federal Reserve moves down the path of asset purchases intended to produce “substantial improvement” in employment while keeping inflation under control, markets are demanding more precise information about the conditions that would…
Courtesy Research in Motion Ltd.Shares of BlackBerry (NASDAQ: BBRY) are sure to take a serious beating today following a dismal earnings report for the first quarter of its 2014 fiscal year and an outlook…
June 27, 2013: U.S. equity markets opened higher this morning after the reports on new U.S. jobless claims and personal income and a blizzard of data from Europe. Eurozone consumer confidence is still low, but…
ThinkstockThe U.S. Department of Agriculture (USDA) today released its preliminary report on June farm prices. The index uses prices from 1990 to 1992 as its base value (100). The June all-products price index rose…
ThinkstockGold for August delivery closed down 1.5% today, at $1,211.60 per ounce. But the really big news is what happened in electronic trading after the Comex closed for the day. The August contract fell…