Satellite imagery has revealed what appears to be a second leaking well in the Gulf of Mexico about 10 miles offshore of Louisiana. The semi-submersible Ocean Saratoga, owned by Diamond Offshore Drilling Inc. (NYSE:…
For the past 40 years a natural gas liquefaction plant on Alaska’s Cook Inlet has been producing LNG and shipping it to Asia. The plant is owned by ConocoPhillips Corp. (NYSE: COP), Marathon Oil…
The auto industry is trying to recover from a 2009 when U.S. companies sold only 10 million vehicles, down from 16 million in 2005. In another example of how the large manufacturers are keeping…
Baidu (NASDAQ: BIDU) wants to have 80% of the Chinese search market even though it does not matter. The company told Reuters that it believes that with Google Inc. (NASDAQ: GOOG) out-of-the-way its piece…
Job creation numbers from last May improved even when Census hiring was backed out. US job openings as measured by the BLS hit a 15-month high for April another affirmation that unemployment is likely…
Updated throughout the day. JPMorgan Chase (NYSE: JPM) lost $250 million on trading. Royal Bank of Scotland Group has three bidders for its Global Merchant Services. (WSJ) Douglas A. McIntyre Sponsor: 5 best investments for…
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…
A new survey from JD Power shows that consumer satisfaction with airlines in North America rose for the first time in three years. Almost 12,000 people responded to the poll which was done between…
The IMF released its white paper on Euro-area policy on June 7. The document argued for growth more than austerity. There were road maps for each approach, but these are, as many economists have…
BP plc’s (NYSE: BP) shares rallied on news that it captured 10,000 barrels of oil leaking from the wreckage of the Deepwater Horizon. It claims the amount could move as high as 20,000 barrels.…
“A strong wind cannot blow all day”–Lao Tzu Apple Inc’s (NASDAQ: AAPL) sold off yesterday after Steve Jobs introduced the new iPhone, the fourth generation of the product. The market did not seem to…
Reuters: Bernanke said Europe is committed to keeping the euro as currency. Reuters: Congress has begun the final stage of financial reform legislation. Reuters: Apple Inc. (NASDAQ: AAPL) introduced the new iPhone. Reuters: Foxconn…
24/7 Wall St., working together with independent research firm Audit Integrity, has compiled a list of the companies with the least transparent governance and accounting practices. The list is based on publicly available information…
The Federal Reserve announced that consumer credit rose $1 billion from March to April, a meaningless number because of its size. Total outstanding consumer credit for the month was $2.44 trillion. The figure has…
The costs to US taxpayers for bailing out the week Euro nations will only be $100 billion, a bit less than the price tag for salvaging GM, Bank of America Corporation (NYSE: BAC), and…
German taxpayers have already given a great deal to their Eurozone partners by funding $50 billion of the region’s nearly $1 trillion financial security package. The massive rescue facility has not calmed doubts about…
Average: (Noun) 2 a : an estimation of or approximation to an arithmetic mean b : a level (as of intelligence) typical of a group, class, or series – Webster Qualcomm, Inc. (NASDAQ: QCOM)…
By John Hudson of The Atlantic Wire The country’s largest private employer turned heads Thursday when it announced a new program to award employees college credit for jobs such as truck loading and ringing…
Updated throughout the day. Walt Disney (NYSE: DIS) is in new talks to sell Miramax (LA Times) Sony (NYSE: SNE) Discovery Communications, and IMAX will launch a 3D venture (NYPost) AT&T (NYSE: T) is…
This is the Twitter-24/7 Wall St. market report for June 7, 2010. These tweets are a sign of which companies the Twitter universe is interested in. Is there there is wisdom in crowds?