Executives at Devon Energy Corp. (NYSE:DVN) are probably congratulating themselves on their foresight this week. The company has spent the last year divesting itself of virtually all its assets in the Gulf of Mexico…
Updated throughout the day. BC Partners, Genstar Capital, Thomas H. Lee Partners and Welsh, Carson, Anderson & Stowe are in the running to acquire publicly traded pharmaceutical company InVentiv Health (NYPost) “Goldman Sachs Group Inc. and…
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…
One its face, it would seem to be a mismatch. Nokia (NYSE: NOK) and Microsoft (NASDAQ: MSFT), two huge global firms which have been notoriously unsuccessful in the smartphone market up against the two companies that the…
BP plc (NYSE: BP) will benefit from a law passed after the Exxon Valdez incident which capped the liability for oil spills at $75 million. BP says it will still bear the costs of the…
The risk, at least in the minds of bond and currency traders, is that the financial chaos Europe is sliding into has been getting worse each day despite the bailout of Greece. The Greek…
Hewlett-Packard (NYSE: HPQ) sold off on news of trouble in Europe. The region is critical to the tech company’s sales. Citigroup (NYSE: C) shares also lost ground. There are concerns about how much European…
Reuters: Calm water is helping manage the Gulf oil spill. Reuters: April retail sales should be up in a sign of consumer recovery. Reuters: The US is questioning Johnson & Johnson’s (NYSE: JNJ) claims…
By Jeff Reeves, Investor Place Wireless telecom provider Verizon (NYSE: VZ) has been trouncing AT&T (NYSE: T) for months in surveys of customer satisfaction and loyalty. But a recent survey by ChangeWave Research shows…
By Chris Lombardi Last week’s Congressional votes have opened the door for both houses of Congress to finally take up the bill developed by the Senate Committee on Banking, Housing, and Urban Affairs. The…
The recovering US economy is fueling demand for crude oil, and the demand for crude oil is boosting demand for ethanol. Corn prices, which had been low for months, have recently risen sharply on…
There were strong gains in three Tickerspy indexes over the most recent 30-day period. This month’s biggest gainers are in recreational vehicles, homebuilders, and vehicle rental stocks. Homebuilder stocks are up 19.3% in the past month. The best performing stocks…
Updated throughout the day China shipbuilder Jiangsu Rongsheng Heavy Industries will have an IPO of $1.5 billion with JPMorgan (NYSE: JPM) and Morgan Stanley (NYSE: MS) as underwriters (Reuters) The Senate will start voting on amendments…
By John Tamny of Forbes The IMF/EU package for Greece is yet another backdoor bailout of banks that will over time imperil the euro. The global economy will suffer for investors being given yet…
This is the Twitter-24/7 Wall St. market report for May 4, 2010. These tweets are a sign of which companies the Twitter universe is interested in. Is there there is wisdom in crowds?
By staff reporter Huo Kan, Caixin In an apparent effort to curb inflation, China’s central bank has raised reserve requirement ratios for the third time this year Read more…
The Eyjafjallajokull volcano in Iceland began to erupt again, grounding flights in the northern UK. And there are fears that the nearby Katla volcano may be unstable. Airports around Europe may be shuttered again. That…
By Robert Herbst And so it goes after years of trying, United Airlines (NASDAQ: UAUA) finally found a competing airline to say “yes.” Big “deals” usually mean there is a consequence to doing something and…
The need for money to support the federal deficit in the April to June period grew from earlier forecasts. The Treasury expects to issue $340 billion in net marketable debt, assuming an end-of-June cash…
Reuters: The Senate will begin to vote on the financial reform bill. Reuters: Regulators are considering an antitrust case against Apple (NASDAQ: AAPL) Reuters: Tensions between Germany and France over the Greek bailout may…