U.S. equity markets opened mixed this morning after most of the day’s economic data was delivered in Europe. Eurozone PMI rose slightly more than expected (more coverage here) and Spain reported that it added…
courtesy of Apple Inc.For most of the past two years, Apple Inc. (NASDAQ: AAPL) held the top spot as the most valuable company in the world as measured by market cap, having wrestled the…
courtesy of Google Inc.The European Commission’s (EC) competition committee today issued a statement setting for its view that Google Inc. (NASDAQ: GOOG) engages in anti-competitive behavior by seeking an injunction against Apple Inc. (NASDAQ:…
ThinkstockIn the month of May so far, crude oil prices have risen nearly 2% after falling by 4% in April. In the past 30 days, the average price for a gallon of gasoline in…
ThinkstockCrestwood Midstream Partners L.P. (NYSE: CMLP), Inergy L.P. (NYSE: NRGY) and Inergy Midstream L.P. (NYSE: NRGM) today announced that the companies have agreed to merge in a deal that will create a pipeline master…
ThinkstockThe latest data from Lender Processing Services Inc. (NYSE: LPS) shows that the total U.S. mortgage loan delinquency rate has fallen from 6.8% in February to 6.59% in March, and that mortgages in foreclosure…
courtesy Boeing Co.Last week, Air India said it would receive compensation from the Boeing Co. (NYSE: BA) due to the grounding of the company’s 787 Dreamliner related to a battery problem in the plane’s…
courtesy of KFCFood safety authorities in Shanghai are investigating a meat wholesaler that supplies a Chinese restaurant chain with lamb. The Little Sheep restaurant chain is owned by Yum! Brands Inc. (NYSE: YUM), and…
ThinkstockWestlake Chemical Corp. (NYSE: WLK) reported first-quarter 2013 results before markets opened this morning. The maker of a variety of petrochemicals, polymers and building products posted diluted earnings per share (EPS) of $1.84 on…
U.S. equity markets opened higher this morning following upward revisions from the Bureau of Labor Statistics on non-farm payrolls in February and March and a larger-than-expected rise in payrolls in April (more coverage here).…
ThinkstockEver since the Federal Reserve began its first quantitative easing program in late 2008, Richmond Fed President Jeffrey Lacker has been warning that future inflation is going to run wild and doom us all.…
ThinkstockThe Clinton Group, a hedge fund with a stake of slightly more than 1%, succeeded last night in electing four of its nominees to the board of Stillwater Mining Co. (NYSE: SWC). Among the…
ThinkstockThe completion of the $76 billion merger yesterday between Glencore International plc and Xstrata plc created a new company called Glencore Xstrata plc with 190,000 employees scattered in 50 countries. One of the first…
ThinkstockWhen Dish Network Corp. (NASDAQ: DISH) put in its bid of $25.5 billion for Sprint Nextel Corp. (NYSE: S), there could be little question that the satellite TV provider was serious about its long-term…
ThinkstockDrug maker Arena Pharmaceuticals Inc. (NASDAQ: ARNA) has withdrawn its application for European regulatory approval of its weight-loss drug Belviq. The drug was approved for use in the United States last June. Arena made…
Courtesy Boeing Co.Air India today became the second airline to say that it will receive compensation from Boeing Co. (NYSE: BA) for the three-month grounding of the Boeing 787 Dreamliner. Earlier this week, Qatar…
thinkstockHere are the five biggest gaining stocks in today’s U.S. markets at closing: Imperial Holdings Inc. (NYSE: IFT) is up 40.5% at $5.59. Kingtone WirelessInfo Solution Holding Ltd. (NASDAQ: KONE) is up 33.3% at…
ThinkstockLinkedIn Corp. (NYSE: LNKD) reported firstquarter 2013 results after markets closed today. For the quarter, the professional social networking company posted adjusted diluted earnings per share (EPS) of $0.45 on revenues of $324.7 million.…
U.S. equity markets opened higher this morning, buoyed by a smaller-than-expected total of new claims for unemployment benefits in the U.S. (more coverage here). The U.S. trade deficit also fell while unit labor costs…
courtesy of IBMInternational Business Machines Corp. (NYSE: IBM) has ordered staffing contractor CDI Corp. (NYSE: CDI) to reduce the number of hours CDI’s employees bill Big Blue to no more than 36 a week.…