courtesy Boeing Co.All 50 of the 787 Dreamliners delivered to customers of the Boeing Co. (NYSE: BA) have been grounded until the company can figure out fix for the battery problems that have bedeviled…
ThinkstockThe U.S. Bureau of Ocean Energy Management (BOEM) received bids on 1.7 million acres in the U.S. Gulf of Mexico at today’s auction, but none of the bids came from BP plc (NYSE: BP).…
ThinkstockBiofuel maker Gevo Inc. (NASDAQ: GEVO) won a partial victory in federal court yesterday when a judge ruled that its method for producing isobutanol does not infringe on a patent held by Butamax Advanced…
Wikimedia CommonsIn a settlement reached late yesterday, J.P. Morgan Chase & Co. (NYSE: JPM) has agreed to return $546 million to investors of now-bankrupt MF Global. The settlement also brings another $600 million closer…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories decreased by 1.3 million barrels last week, bringing the total U.S. commercial crude inventory to 382.7…
thinkstockOnce the world’s largest producer of solar PV cells and modules, Suntech Power Holdings Co. Ltd. (NYSE: STP) announced this morning that a group of eight Chinese banks have filed a petition for insolvency…
ThinkstockLennar Corp. (NYSE: LEN) reported fiscal first-quarter results before markets opened this morning. The home builder reported quarterly diluted earnings per share (EPS) of $0.26 on revenues of $989.9 million. In the same period…
ThinkstockGeneral Mills Inc. (NYSE: GIS) reported fiscal third-quarter 2013 results before markets opened this morning. The food processing and packaged foods maker posted adjusted diluted earnings per share (EPS) of $0.64 on revenues of…
By Tkgd2007 at en.wikipedia , from Wikimedia CommonsFedEx Corp. (NYSE: FDX) reported fiscal third quarter 2013 results before markets opened this morning. The package delivery service reported adjusted diluted earnings per share (EPS) of…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a decrease of 7.1% in the group’s seasonally adjusted composite index. That followed a drop of 4.7% for the…
thinkstockHere are today’s five biggest gaining stocks at closing: eFuture Information Technology (NASDAQ: EFUT) is up 44% at $4.19. Atossa Genetics Inc. (NASDAQ: ATOS) is up 34.1% at $12.35. Primo Water Corp. (NASDAQ: PRMW)…
U.S. equity markets opened higher this morning but worries about a resolution to the banking crisis in Cyprus soon took over and pushed shares down. In other parts of Europe, Spain’s bad loan ratio…
ThinkstockEnergy producer Harvest Natural Resources Inc. (NYSE: HNR) saw its share price cut nearly in half earlier today following a company filing with the U.S. Securities and Exchange Commission (SEC) this morning stating that…
Brian Solis, via Wikimedia CommonsA 1994 Oregon Republican gubernatorial candidate, Craig Berkman, was charged with fraud today by the U.S. Securities and Exchange Commission (SEC) for a “Ponzi-like scheme” around last year’s initial public…
courtesy of WalgreenThe nation’s largest drugstore chain, Walgreen Co. (NYSE: WAG) this morning announced that it and its European partner Alliance Boots have entered into a 10-year contract with drug distributor AmeriSourceBergen Corp. (NYSE:…
ThinkstockYesterday, Suntech Power Holdings Co. Ltd. (NYSE: STP) acknowledged that it had missed a $541 million debt payment and admitted that its trustee had sent it an official notice of default. The company is…
Research firm CoreLogic Inc. (NYSE: CLGX) reported today that both the number and total value of residential properties with negative equity declined in the fourth quarter of the 2012. As a percentage of all…
ThinkstockSmall-cap independent oil and gas producer Sanchez Energy Corp. (NYSE: SN) this morning announced that it had purchased approximately 43,000 net acres in the Eagle Ford shale play in South Texas from Hess Corp.…
ThinkstockThe U.S. Census Bureau and the Department of Housing and Urban Development reported this morning that new housing starts in February rose to an annual seasonally adjusted rate of 917,000, an increase of 0.8%…
ThinkstockAfter the markets closed last night, drugmaker Affymax Inc. (NASDAQ: AFFY) said that it would cut 230 workers (75% of its workforce) and “evaluate strategic alternatives” for the company. Shares are getting pounded this…