The Federal Reserve will hold press conferences four times a year. (Reuters) In 2006, Fannie Mae was warned about abuses in the foreclosure process. (WSJ) The Apple (NASDAQ: AAPL) iPad will go…
Time now for our daily look at commodity prices and news. The Royal Bank of Scotland Group plc (NYSE: RBS) has issued its latest version of the ‘Commodity Companion,’ and the bank…
The main oil and gas industry trade association has set up a new safety division. Perhaps it will do better than ones created in the past. The Center for Offshore Safety will be…
Douglas A. McIntyre The rook of a second nuclear reactor blew off in Japan. (Reuters) A hacker group plans to release Bank of America (NYSE: BAC) e-mails today. (Reuters) Members of Congress are certain of…
AIG (NYSE: AIG) suffered from news that it will buy back $16 billion of distressed securities. Del Monte (NYSE: DLM) received bad press because of concerns about poor weather effecting crops. Note:…
Almost a year ago, Chevron Corp. (NYSE: CVX) put out the word that it was looking to sell its Pembroke refinery in Wales. The offers didn’t exactly come pouring in. Refining is…
BP (NYSE: BP) stayed at the top of the list of companies receiving the most negative news after skepticism about its CEO’s apology about Deepwater Horizon. Dynegy (NYSE: DYN) threatened a Chapter…
BP plc (NYSE: BP) CEO Dudley apologized for the Deepwater Horizon disaster. The gesture apparently did not go over well. Negative press on the UK-based oil firm moved it to the top…
“Never apologize; It’s a sign of weakness”–John Wayne, “She Wore A Yellow Ribbon” 1946 BP plc (NYSE: BP) CEO Bob Dudley said he was sorry about the oil spill that was the…
Douglas A. McIntyre 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…
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%…
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…
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…
Douglas A. McIntyre The Las Vegas Sands (NYSE: LVS) rose in the negative press index as a government investigation over potential bribe payments threatened it highly success business in Macau. BP moved higher on the…
Twitter has, by most estimates, 175 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than…
Douglas A. McIntyre 
