ThinkstockSince early March, Brent crude oil prices have fallen more than 13%, and conventional unleaded gasoline has come down 16% since early February. This could be just the beginning of sharply lower crude and…
Courtesy Chrysler Group LLCAutomaker Chrysler Group LLC, which is controlled by Italy’s Fiat SpA, announced this morning that first-quarter 2013 net revenue slipped by $974 million year-over-year, from $16.36 billion in the first quarter…
thinkstockTelevision broadcasting company Sinclair Broadcast Group Inc. (NASDAQ: SBGI) today commenced an underwritten secondary offering of 14 million shares of class A stock. Joint book-runners for the offering are Wells Fargo Securities and J.P.…
ThinkstockLoews Corp. (NYSE: L) reported first-quarter 2013 results before markets opened this morning. The holding company reported adjusted net income of $334 million, compared with $392 million in the same period a year ago.…
thinkstockHere are today’s five biggest gaining stocks at closing: LogMeIn, Inc. (NASDAQ: LOGM) is up 21.3% at $21.67. SemiLEDS Corp. (NASDAQ: LEDS) is up 20.6% at $1.76. SCG Financial Acquisition Corp. (NASDAQ: RMGN) is…
U.S. equity markets opened lower this morning after hearing that U.S. GDP growth in the first quarter came in at 2.5%, well below the expected 3.1% (more coverage here). U.S. consumer sentiment also fell,…
ThinkstockThere hasn’t been a lot of good news in the solar energy business for the past couple of years, but SunPower Corp. (NASDAQ: SPWR) has really turned it around since the beginning of the…
ThinkstockA rally in the tax-free municipal debt market is attracting a few new issuers this year. A report at Bloomberg News notes that Stanford University and the University of Chicago are both planning to…
Courtesy Volkswagen AGIn the past three years, registrations of diesel-powered vehicles have risen 24.3% and now account for 6.66 million vehicles on U.S. roads, according to industry group Diesel Technology Forum. That’s about 3%…
ThinkstockChevron Corp. (NYSE: CVX) reported first-quarter 2013 results before markets opened this morning. The oil and gas supermajor posted diluted earnings per share (EPS) of $3.18 on revenues of $54 billion. In the same…
courtesy J.C. Penney Co. Inc.Investor George Soros reported last night that he had taken a 7.9% stake in J.C. Penney Co. Inc. (NYSE: JCP), and the news has lighted a small fire under the…
ThinkstockAbbVie Inc. (NYSE: ABBV) reported first-quarter 2013 results before markets opened this morning. The pharmaceutical research firm posted adjusted diluted earnings per share (EPS) of $0.68 on revenues of $4.33 billion. Total sales were…
ThinkstockNational Oilwell Varco Inc. (NYSE: NOV) reported first-quarter 2013 results before markets opened this morning. The oil field services and drill rig technology firm posted adjusted diluted earnings per share (EPS) of $1.29 on…
thinkstockHere are today’s five biggest gaining stocks at closing: Global Geophysical Services Inc. (NYSE: GGS) is up 74.8% at $3.74. ITT Educational Services Inc. (NYSE: ESI) is up 30.5% at $20.00. Old Second Bancorp…
Wikimedia CommonsAmazon.com Inc. (NASDAQ: AMZN) reported first quarter 2013 results after markets closed today. The online retailer posted diluted earnings per share (EPS) of $0.18 and revenues of $16.07 billion. In the first quarter…
U.S. equity markets opened higher this morning following a report on U.S. unemployment that was better than analysts expected (more coverage here). There were literally hundreds of U.S. companies reporting earnings between last night’s…
courtesy of YouTubeVarious sites owned by Google Inc. (NASDAQ: GOOG), including YouTube, drew nearly 154 million unique viewers in March. Facebook Inc. (NASDAQ: FB) clocked in with nearly 64 million unique viewers in March,…
ThinkstockThe big difference between first-quarter earnings at Safeway Inc. (NYSE: SWY) and Supervalu Inc. (NYSE: SVU) is investors’ reaction. Supervalu posted an adjusted loss of $0.14 a share yesterday on lower revenues and shares…
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks increased by 30 billion cubic feet last week, with the expected range for a build of between 27 and 31 billion…
ThinkstockThe highest paid person at Martha Stewart Omnimedia Inc. (NYSE: MSO) is — surprise! — Martha Stewart. Her base salary for 2012 was $2 million, and her total compensation for the year was $5.46…