BP plc (NYSE: BP) says the costs of cleaning up and attempting to cap the oil flow from what is left of the Deepwater Horizon have risen above $450 million. According to The…
NYT: NY Attorney General is investigating eight banks for allegedly providing misleading information about mortgage instruments to rating agencies: The Goldman Sachs Group (NYSE: GS), Morgan Stanley(NYSE: MS), Deutsche Bank (NYSE: DB),…
The continuing disaster in the Gulf of Mexico has called into question drilling safety practices for oil in the ultra-deepwaters of the world. Drilling in a well in water more than 5,000…
The blame cycle that has emerged about which company caused the collapse of the Deepwater Horizon rig has come around to a cement plug. The “device” is supposed to seal the pipe…
A 404-point move up in the DJIA and a near 49-point run in the S&P 500 sounds massive at 3.9% and 4.4% respectively. When you look at the international markets, particularly some…
There has been a great deal of concern that the oil slick created by 5,000 barrels a day from the wrecked Deepwater Horizon would hit beaches in Louisiana. Alabama, and perhaps Florida.…
Douglas A. McIntyre Reuters: The US exchanges will testify before Congress about the market plunge. Reuters: The NYSE and NASDAQ said that they would cooperate with investigations of the market meltdown. Reuters: S&P futures rose…
The new list of Unusual Suspects for stocks to watch this coming week is out. How can you pick out just over ten stocks to watch in the week ahead after the…
The rig count from Baker Huges Inc. (NYSE:BHI) is out for April and the recent trends continue. The US count is up, the Canadian count is down, and the international rig count…
If nothing else, the big oil companies are audacious. Just as thousand of barrels of oil spill from the Deepwater Horizon blowout in the Gulf, Shell Oil is in the final stages of…
Douglas A. McIntyre It is one thing to make a mistake and another to be unprepared to fix it. That is particularly true with the means of correction are at hand. BP plc (NYSE: BP), Transocean (NYSE:…
Reuters: Stocks fell in Asia and Europe as the pound and euro fell. Reuters: The GOP’s attempt to kill a consumer watchdog program was not successful. Reuters: The Goldman Sachs Group (NYSE:…
NOAA is restricting fishing for a minimum of 10 days in federal waters most affected by the BP oil spill, largely between Louisiana state waters at the mouth of the Mississippi River…
Douglas A. McIntyre These are some of this Thursday morning’s top analyst research calls seen in upgrades, downgrades, and initiations: Actuant Corp. (NYSE: ATU) Raised to Outperform at Wells Fargo. BP plc (NYSE: BP) Called…
MarketWatch: Asia shares were off by 2%. Reuters: Riots against austerity measures continued n Greece. Reuters: US regulators want to increase supervision of broadband. Reuters: The Fed’s Rosengren says rates must stay…
