Short sellers moved out of stocks that have fallen recently. Perhaps they believe there will be a large rally in the market. There is little else to make the shares of companies…
A deal to rescue the EU’s weak nations has stalled over political differences and objections by banks. (Reuters) IBM (NYSE: IBM) appoints Virginia Rometty as its new CEO. (Reuters) Amazon.com (NASDAQ: AMZN)…
A year ago, shares of BP plc (NYSE: BP) closed near $41. Yesterday the shares closed near $42, about 15% below the stock’s 52-week high. When the company reported third quarter earnings…
Updated throughout the day. Zynga’s IPO will happen the third week of November (Reuters) A group led by former BP plc (NYSE: BP) CEO Tony Hayward may offer to buy Norwegian oil…
Douglas A. McIntyre The Obama administration announces a new plan to help underwater mortgage holders. (Reuters) Netflix (NASDAQ: NFLX) warns that more subscribers will cancel and shares fall 24%. (Reuters) Nearly 35% of News Corp.…
A raft of good earnings reports pushed the markets higher at opening this morning, sending the Dow Industrials up about 200 points at mid-day. For some reason traders are hopeful that this…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Friday morning. BHP Billiton (NYSE: BHP) Cut to Hold at Societe Generale; Cut…
Large US oil companies have had a good year. Not the best ever, but good nonetheless on high prices for crude oil. The big reason for solid profits has been the differential…
China’s GDP growth decelerates to 9.1%. (Reuters) Concern about China growth and the EU disaster push global stocks lower. (Reuters) Federal Reserve officials argue about the future rate of inflation. (Reuters) IBM…
Lost to some who saw the announcement that BP (NYSE: BP) had settled claims with Anadarko (NYSE: APC) over the Deepwater Horizon explosion and subsequent leak was the fact that the UK-based oil giant will no…
Philips Electronics may be unable to shed its TV operation and will fire 4,500. (Reuters) Kinder Morgan (NYSE: KMI) to buy El Paso (NYSE: EP) for $21 billion and will save $250…
When the G20 meets, the focus will be on the EU crisis. (Reuters) Google’s (NASDAQ: GOOG) Q3 numbers kill concerns about U.S. ad markets. (Reuters) JPMorgan (NYSE: JPM) earnings pull down equity…
Responsibility is going to get spread around for the explosion of the Deepwater Horizon that killed 11 people and poured millions of barrels of oil into the Gulf of Mexico last year.…
Aol’s (NYSE: AOL) CEO approaches large investors about a merger with Yahoo! (NASDAQ: YHOO). (Reuters) The IMF says China can weather global financial and economic risks. (Reuters) Wall St. will watch Google…
A decision is expected by the end of this year from the US State Department on whether or not the US will allow the Keystone XL pipeline to be built. TransCanada Corp.…
