Reuters: BP plc (NYSE: BP) has begun to run an important test on its well cap. Reuters: China’s economy expanded at 11.1% in 1H but closed in Q2. Reuters: GlaxoSmithKline (NYSE: GSK) expects $2.4…
BP plc (NYSE; BP) has delayed putting its new cap in place over the pipe that is spewing oil 5,000 feet below the Gulf of Mexico’s surface. It believes that it can begin to…
Three weeks ago, GE (NYSE: GE) CEO Jeff Immelt made a uncharacteristic attack on China’s business policies.“I am not sure that in the end they want any of us to win, or any of…
The Labor Department said that in May there were 4.7 workers looking for work for each available job. Hiring rose during the month, but it due to Census workers getting temporary jobs. The market…
For some reason, the huge trade gap announcement did not stir much concern in Congress about the value of the yuan. The figure rose to $42.3 billion in May. Instead of focusing on the…
The stock market is back to where it was a month ago. The frightening sell-off is over. Now that Intel (NASDAQ: INTC) has posted spectacular results, Wall St. believes that both the consumer and…
Reuters: The financial reform bill should pass within days. Reuters: Intel (NYSE: INTC) posted stronger than expected earnings. Reuters: Toyota Motor (NYSE: TM) blamed driver error for some problems with recalled cars. Reuters: GlaxoSmithKline…
The three largest firms in the outsourcing business are based in India. The leader is Tata Consultancy Services, followed by Infosys Technologies Ltd. (NASDAQ: INFY) and Wipro Ltd. (NYSE: WIT). Infosys has reported a…
By John Hudson Amid speculation that Exxon Mobil and Chevron are looking to prepare a hostile bid for BP, the troubled oil giant is trading at its highest level since June 8. But is…
Chevron Corp. (NYSE: CVX) has released its interim update for the 2010 second quarter ahead of its earnings release scheduled for July 30th. Chevron expects earnings to rise about first quarter earnings on “significantly…
Updated throughout the day. American International Group (NYSE: AIG) may begin the process for an AIA IPO. (Reuters) Avis (NYSE: CAR) will top the Hertz (NYSE: HTZ) bid for Dollar-Thrifty. (NYSE: DTG) (WSJ) Nelson…
This is the Twitter-24/7 Wall St. market report for July 13, 2010. These tweets are a sign of which companies the Twitter universe is interested in. Is there there is wisdom in crowds?
Stocks with strong balance sheets that are likely to post good earnings have lost their interest for short sellers. Base on data as of June 30, short sellers abandoned the shares of Citigroup NYSE:…
GlaxoSmithKline (NYSE: GSK), like a number of pharmaceutical companies before it, has run up against the truth about one of its drugs. According to The New York Times, “In the fall of 1999, the…
Moody’s downgraded Portugal’s government bond ratings two notches to A1 from Aa2. The outlook for the debt was listed as stable. Oddly enough, the stock indexes in the region did not react to the…
24/7 Wall St. reviewed the performance of the 50 companies on our “Least Transparent” list for the month of June, and as might be expected, the returns were dreadful. In addition, three of the…
MarketWatch: Moody’s downgraded Portugal two notches to A1 Reuters: BP plc (NYSE: BP) will test a new oil cap in place. Reuters: The Wall St. reform bill is nearing a final vote Reuters: Most…
More than 26% of the homes for sale nationwide cut their asking prices in June. The average price cut was 6.25%. The highest median price cut was 11.55%, in Flint, MI, which has been…
Secretary of the Interior Ken Salazar directed the Bureau of Ocean Energy Management, Regulation and Enforcement to issue new suspensions of deepwater drilling on the Outer Continental Shelf , saying a pause is needed…
Later this week the nation’s six largest banks will start trotting out second quarter earnings that are expected to be significantly lower than earnings in the first quarter. A portion of those earnings could…