To say that the situation had become painful at Bank of America (NYSE: BAC) would be the understatement of the year. Shares were trading at $10.22 on July 21, before the meltdown started and…
A barrel of oil contains about six times as much energy as a thousand cubic feet of natural gas. By that metric, at today’s WTI price of around $90/barrel, natural gas should cost $15/thousand…
International Business Machines Corporation (NYSE: IBM) might have been raised to “Buy” by Goldman Sachs in the middle of August, but the ongoing slowness in the economy may be taking a further toll on…
Verizon Communications Inc. (NYSE: VZ) has just delivered on another dividend hike, making this the fifth consecutive year that the telecom giant has boosted its payout. The boost is by $0.0125 to $0.50 per…
A new initial public offering being filed by a Houston-based company called Sanchez Energy Corporation may not garner much interest all on its own. Not until investors realize that this is a company that…
The Wendy’s Company (NYSE: WEN) has been stuck in the mud. The company has jettisoned its failed Arby’s experiment and now it is back to a single brand. This morning came the news that…
Retail sales in August put up solid gains that were slowed somewhat by the effects of Hurricane Irene along the eastern seaboard. Among the stores reporting sales numbers today are Costco Wholesale Corp. (NASDAQ:…
What would become Lee is currently posing a threat the entire Gulf Coast again in the Gulf of Mexico. The East Cost just had to deal with Irene and is now looking out toward…
Yesterday’s filing by the US Department of Justice in the proposed $39 billion merger between AT&T (NYST: T) and T-Mobile may be, in the words of Winston Churchill, just “the end of the beginning.”…
Weekly jobless claims from the Labor Department looks good on the surface, but it isn’t too good and it won’t give any great hope for Friday’s unemployment and payrolls data. The report shows a…
Jon OggThese are some of this Thursday’s top analyst upgrades, downgrades, and initiations seen having an impact from Wall Street research calls. Active Power Inc. (NASDAQ: ACPW) Started as Buy at Merriman. Applied Materials,…
The month of August was hard on US solar makers. Evergreen Solar closed its doors a few weeks ago, followed by privately held and Intel Corp.-supported (NASDAQ: INTC) SpectraWatt, Inc. a few days later.…
The pace of stock buyback announcements in the month of August was almost unbelievable. The pace was stronger at the start of the month when earnings were still coming in droves, but the number…
After nearly a year of dithering around, Boeing Co. (NYSE: BA) has apparently scrapped the idea of building an all new version of its best-selling 737 and chosen instead to put new engines on…
Get ready for massively larger new wind turbines… Currently available wind turbines for land-based wind farms typically generate between 1.5 and 3 megawatts. Most include a gearbox to transfer the power of the spinning…
Sometimes it is hard to know whether or not the weather reports are meant to scare or inform. The media has already been accused of over-hyping the hurricane news and Don Henley’s “Dirty Laundry”…
So what if Hewlett-Packard Co. (NYSE: HPQ) cannot keep its tablet PC efforts straight. The raw success of the iPad from Apple Inc. (NASDAQ: AAPL) is emboldening new tablet competition just at the same…
Is the world economy slowing or are we at the trough? It depends upon whom you ask. A report today from Goldman Sachs is highlighting the great value in the metals and mining sector…
There’s really something odd about the latest deal from Ford Motor Co. (NYSE: F) to team up with Zipcar, Inc. (NASDAQ: ZIP). Ford will provide up to 1,000 of its Escorts and Escapes to…
Investor Carl Icahn has agreed to sell his stake in Lions Gate Entertainment Corp. (NYSE: LGF) at a discount to yesterday’s closing price of $7.52. That announcement came shortly after Icahn also disclosed that…