BP plc (NYSE: BP) said its costs for the Gulf clean-up of the oil spill have hit $3.12 billion. The company recently demanded that its two partners in the Deepwater Horizon catastrophe pay their…
The US Coast Guard and BP plc hope that a massive Taiwanese tanker fitted with special oil collection equipment can skim massive amounts of crude from the surface of the Gulf. The ship has…
GM’s IPO may come as early as next month after a long period of media speculation about the event and comments from the car company’s CEO Ed Whitacre, according to several media reports. GM…
California’s 3rd Appellate District court in Sacramento ruled state Controller John Chiang must comply with an order by Governor Arnold Schwarzenegger to lower the pay of almost 200,000 state workers to the federal minimum…
Despite the bearish market, three Tickerspy indexes which posted substantial gains over the last 30-day period. This month’s biggest index gainers are Chinese telecom, Chinese solar, and oil and gas pipeline stocks. Chinese telecom stocks…
NOAA has made projections of the likely path of the Deepwater Horizon rig spill. The model for the forecasts is based on ocean and weather patterns determined by government agencies. In the technical report…
Last week’s change in Australian prime ministers has produced an early result for mining companies with assets in the country. A proposed excess profits tax of 40%, put forth by the former government, has…
The next major change coming to the US health-care industry is due to take effect on January 1, 2011. The health care reform act includes a restriction on how much an insurer can spend…
Trading in shares of Bank of China Ltd. (OTC: BACHY) was halted on the Hong Kong stock exchange yesterday for no specified reason. Shares did continue to trade on the Shanghai exchange. Presumably the…
By Max Fisher of The Atlantic Wire U.S. pending home sales, home construction, and mortgage applications all declined significantly in May, according to newly released statistics. While the drop was expected due to an…
Carl Icahn didn’t get what he wanted in his $7/share tender offer for Lions Gate Entertainment Inc. (NYSE: LGF), but he got enough. Icahn’s extended offer period ended June 30th with the billionaire investor…
Updated throughout the day. The Toyota (NYSE: TM) recalls of 270,000 cars will cost $228 million. (Reuters) Sanofi-Aventis SA is considering large acquisitions in the US (Bloomberg) Lionsgate has set a poison pill to…
Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million…
The ghost of recessions past returned as the US moved into the same funk that it experience in 1982 and 1983 when joblessness was above 9.5% for nearly a year and a half. Total…
Apple Inc (NASDAQ: AAPL) is about to become the No. 2 provider of VOD services in the US based on the success of video content sales and rentals from the iTunes store. Research firm…
China is now the largest car market in the world, having moved ahead of the US last year. Most analysts believe that 16 million cars and light trucks will be sold in the People’s…
Game and game console sales have been extremely weak for a year-and-a-half as the recession sapped demand for consumer electronic devices. This has not been offset by price cuts for the Sony (NYSE: SNE)…
Steve Jobs, the CEO of Apple Inc. (NASDAQ: AAPL), sits on the board of The Walt Disney Company (NYSE: DIS) That means the entertainment company is well aware of the power of Apple’s applications…
GE (NYSE: GE) CEO Jeff Immelt, speaking at a business gathering in Italy savaged China and President Obama. In an unusual move, GE said that Immelt’s comments did not reflect the views of the…
Reuters: Maria Cantwell (D-WA) will support the Senate financial reform bill, giving Democrats a boost. Reuters: Automakers had a setback in June, an indication that the industry is facing slow growth. Reuters: The House…