Another day, another energy acquisition by a Chinese firm. This time its Cnooc Ltd. (NYSE: CEO) putting out about $2.1 billion for Toronto-traded Canadian oil sands developer Opti Canada. In addition to about $2…
Republican members of the US House of Representatives have passed the so-called “cut, cap, and balance” bill that would reduce federal expenditures, cap future spending, and introduce a balanced budget amendment to the US…
Updated throughout the day Some Apple Inc (NASDAQ: AAPL) directors have begun to look for a CEO replacement for Steve Jobs (WSJ) HSBC will help federal authorities locate accounts of Americans with cash offshore…
Data from The Conference Board show that China’s growth has been rekindled, albeit modestly. “The Conference Board Leading Economic Index for China increased 0.5 percent in May to 155.0 (2004 = 100), following a…
Yahoo! (NASDAQ: YHOO) said its revenue fell last quarter to a large extent because of a drop in its display advertising. The trend will spread to other websites with smaller audience size than those…
There was a dispute about whether Apple Inc’s (NASDAQ: AAPL) board has formally discussed succession or even spoken with a large executive recruitment firm. Of course both things have happened. The issue would be…
The number of layoffs at large companies dipped as the recession ended in 2009, but the practice is back with a vengeance, renewing concerns the trend will cause another period of steep job losses.…
Apple Inc (NASDAQ: AAPL) reported better than expected earnings and its shares soared (Reuters) Yahoo!’s (NASDAQ: YHOO) revenue fell (Reuters) A settlement of the debate over the U.S. debt pushed crude higher (Reuters) Samsung…
Some of the best known publicly traded companies in the world have stocks that will never reach their all-time highs again. Many of them are not troubled firms. In a number of cases, they…
Earnings dominated the press coverage of today’s shares. Novartis and Harley-Davidson released numbers Icahn Enterprise was thumped after it made a bid for Clorox, which was rejected. Boeing was hit because large customer American…
The housing market may be showing signs of life. New construction of U.S. houses surged in June to its highest level in five months, the Commerce Department reported this morning. Starts moved 14.6% higher…
This is the Twitter-24/7 Wall St. market report for July 19, 2011. These tweets are a sign of which companies the Twitter universe is interested in. Is there there is wisdom in crowds?
Active traders and day traders have many stocks to choose from this Tuesday morning. We are tracking news and moves in shares of Icagen, Inc. (NASDAQ: ICGN), Interdigital, Inc. (NASDAQ: IDCC), News Corporation (NASDAQ: NWSA), and Pfizer (NYSE:…
Updated throughout the day. The News Corp (NYSE: NWS) has considered replacing Rupert Murdoch (Reuters) American Air (NYSE: AMR) will probably order a large number of Airbus jets (WSJ) AIG (NYSE: AIG) may have…
Apple, Inc (NASDAQ: AAPL) is not ready to launch a 4G-enabled iPhone, and that may be as important as any news that comes out with is earnings and forecasts today. Several brokerage houses have…
IBM (NYSE: IBM) posted extraordinarily strong earnings for the quarter that ended June 30. The news caused the technology giant’s shares to slip after hours and then rise very slightly. The market’s view on…
Standard & Poor’s put News Corp (NYSE: NWS) on credit watch just as Rupert Murdoch prepares to testify before Parliament. His board may have signaled support for his role as CEO, but S&P does…
Parliament will question Rupert Murdoch of News Corp (NYSE: NWS) today (Reuters) IBM’s (NYSE: IBM) service business rose, driving earnings up (Reuters) Cisco (NASDAQ: CSCO) will fire 15% of its workers (Reuters) EU leaders…
Senator Tom Coburn of Oklahoma spent most of Sunday promoting his plan to transform the U.S. budget on network TV. He released the 600-page proposal today. It was not worth the wait. His proposal was…
Implanted medical devices are one of the most profitable businesses of the U.S. healthcare industry. While many devices help extend and improve quality of life, a great many others may not be necessary. In…