by Nicholas Kusnetz, ProPublica, Feb. 3, 2011, 11:05 a.m. On Sept. 14, 2009, natural gas operators finished drilling the 3H well on the Lbros farm in southwest Pennsylvania. Just over four months later, they…
For its first fiscal quarter of 2011, Viacom Inc. (NYSE: VIA) reported that profit fell -12% and revenue fell by -4.8% due mainly to weakness in the company’s film business. Viacom’s cable TV business…
Active traders and day traders have many stocks to choose from this Thursday morning. We are tracking news and moves in shares of Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR), Hansen Medical, Inc. (NASDAQ: HNSN), On…
Economists cheered the ADP data that showed the private sector added 187,000 jobs in January. It did not help the stock market much but was probably offset by bad news from Egypt. The ADP…
Several industry groups and weather and securities analysts say that the cold and snowy first month of the year will hurt retail sales and airline traffic. That is almost certainly true. But, no one…
A judge said BP plc (NASDAQ: BP) $20 billion fund head Ken Feinberg is not independent of the oil company. (Reuters) Record snow will hurt retail sales. (Reuters) Poor weather will move food prices…
Corporate turnarounds are almost never engineered by a single person. A CEO who takes a failing company and makes it successful again obviously got help from management, a board, along with customers and shareholders.…
Games-maker Electronic Arts Inc. (NASDAQ: ERTS) is getting a boost in share price today following a better-than-expected third fiscal quarter earnings report, and a buoyant outlook. That outlook depends on extending its reach as…
Private employers added 187,000 jobs in January, according to the latest report on private-sector employment from Automatic Data Processing Inc. (NYSE: ADP). The number beat expectations of 145,000, but wary investors have so far…
Recently, I violated the cardinal rule of Apple Inc. (NASDAQ:AAPL) iPhone ownership — I got mine wet. Worse, the “incident” occurred in the bathroom. Details will be spared, but suffice it to say I…
The month of December was not so hot for international air carriers. According to the International Air Transport Association (IATA), air traffic demand growth fell by -2.3% month-over-month, from 8.2% growth in November to…
Active traders and day traders have many stocks to choose from this Wednesday morning. We are tracking news and moves in shares of Acme Packet, Inc. (NASDAQ: APKT), Broadcom Corporation (NASDAQ: BRCM), Magic Software Enterprises Ltd. (NASDAQ:…
Updated throughout the day. China will raise rates again (NYT) Citigroup (NYSE: C) will try to sell EMI for $2 billion Douglas A. McIntyre
Veteran banking analyst Richard Bove, a ubiquitous presence in the business press, insists that he hardly ever calls reporters except when he has “violent: disagreements with them. They call him so much, in fact,…
A famous Bain & Co research report issued in 2004 said the 70% of mergers fail to create shareholder value. A Southern Methodist University study of 193 mergers which happened between 1990 and 1997…
Egyptian President Hosni Mubarak will be gone in a few days, or in a few months if he has his way. Economists warn that capital is fleeing the country, that trade may come to…
The storms in the US and Northern Europe and Australian flooding could combine to fuel an already rapid move up in global inflation. Tropical Cyclone Yasi has strengthened to a Category 5, which means…
BP plc (NYSE: BP) may face US charges that it manipulated gas prices. (Reuters) Roche said that regulations in the US could harms its results. (Reuters) Borders Group (NYSE: BGP) may file for bankruptcy…
US domestic vehicle sales reached a a 27-year low in 2009 when only 10.4 million units were sold. The figure for 2005 was 16.94 million, a period of unusual prosperity. In other words, the…
The land rush to acquire and develop shale gas deposits remains as competitive as ever. But the way that the gas is extracted threatens to put a crimp in development of shale gas resources,…