Kuwait says OPEC may increase output (Reuters) Carl Icahn may sell Federal-Mogul (Reuters) China halted high reserve requirements for several banks (Reuters) The euro approached multi-month highs (Reuters) Sharp aims to increase its TV…
Market sentiment is better than it was two years ago, which means that the present market rally may have further to go. It could easily be thrown off course by negative news about either…
ThinkstockIn 2010, disk drive makers shipped more than 653 million units. Of that number, Western Digital Corp. (NYSE: WDC) shipped more than 200 million and Hitachi Ltd. (NYSE: HIT) shipped about 112 million units.…
History could be about to repeat itself. In 2008, gasoline prices moved above $3/gallon and sales of gas-guzzling SUVs, pickups, and some cars plummeted. With gasoline prices moving inexorably toward $4/gallon today, sales of…
As crude oil prices continue their steady trend above $100/barrel, US refiners are preparing for the worst. Actually, the worst is already here, in the form of spiking prices. Worse than anything, refiners dislike…
This is the Twitter-24/7 Wall St. market report for March 7, 2011.These tweets are a sign of which companies the Twitter universe is interested in. Is there there is wisdom in crowds?
Updated throughout the day Charities Smile Train and Operation Smile will merge (NYT) The EU will make bank stress tests more challenging (FT) Bank of America’s (NYSE: BAC) CEO Brian Moynihan, will tell investors…
Exxon Mobil’s (NYSE: XOM) stock should have outperformed BP plc’s (NYSE: BP) over the last two years, but it has not. Exxon’s shares are up 40% over the period. BP’s are 38% higher. The…
China’s five year economic plan is as ambitious as any laid out by the U.S. during the 1960s and 1970s. The Chinese have set a 7% GDP growth target for each year though 2015.…
Moody’s downgraded Greece’s government bond ratings to B1 from Ba1 and said its outlook for the sovereign paper was “negative.” The drop was three notches, an unusual move for a credit rating agency industry where…
The US may take oil from its Strategic Petroleum Reserve. (Reuters) The London Stock Exchange may try to take over NASDAQ. (The Times) A National Association for Business Economics survey found many experts believe…
Many analysts have pointed out that the political instability in the Middle East is the result of the lack of jobs and affordable food. Choosing democracy as a form of government may be equally…
White House Chief of Staff Bill Daley told Meet The Press that President Obama may release some amount of the Strategic Petroleum Reserve (SPR) to lower oil prices. The US Department of Energy wants…
Tony Hayward, who business school students will be studying for generations as an example of ineptitude, is back in the news again. BP Plc.’s board of directors has decided that Hayward, the former CEO,…
Working for the government is often referred to as public service. The term implies sacrifice or taking less than what could be earned in the private sector or in an entrepreneurial position. Many government…
The February employment report from the US Bureau of Labor Statistics came in right about where analysts had been predicting. The US economy added 192,000 jobs and the unemployment rate fell slightly to 8.9%.…
When the going gets tough, the tough raise their dividends. At least that’s the way it seems with Wal-Mart Stores Inc. (NYSE: WMT), which is having trouble meeting its revenue goals in its US…
Less than two years ago, netbooks sales were going to tear the heart out of laptop makers. Companies led by Asus stormed US consumer electronics stores with $300 machine ideal for web surfing and…
Cigna (NYSE: CI) was hit particularly hard by bad news today. The insurance company faces at $100 million gender bias suit. Bank of America (NYSE: BAC) was plagued with bad news as the head…
Active traders and day traders have many stocks to choose from this Thursday morning. We are tracking news and moves in shares of Energy Recovery, Inc. (NASDAQ: ERII), Hercules Offshore, Inc. (NASDAQ: HERO), Identive Group, Inc. (NASDAQ:…