Pipeline MLP Plains All American Pipeline LP (NYSE: PAA) will build a new crude oil rail facility in Tampa, Colo., to receive and transport up to 68,000 barrels per day of crude…
U.S. stocks are set to open higher, resuming gains following Friday’s upbeat July jobs report. No major economic reports are due on Monday. Tyson Foods Inc. (NYSE: TSN) and Chesapeake Energy Corp.…
Crude oil refiners have enjoyed a pretty good earnings season so far. Tesoro Corp. (NYSE: TSO) and Western Refining Inc. (NYSE: WNR) both posted better-than-expected revenues and profits this morning, following in…
Warren Buffett of Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) is often considered the greatest investor in modern times. Some of us think that his status should be one of “The greatest…
Railroad operator Genesee & Wyoming Inc. (NYSE: GWR) announced this morning that it would acquire RailAmerica Inc. (NYSE: RA) for $27.50 per share in an all-cash deal worth about $1.39 billion. Genesee…
Shares of First Solar Inc. (NASDAQ: FSLR) are up about 8% in the early afternoon on the company’s announcement that it has now installed another 100 megawatts of solar panels at its…
At last week’s Rio+20 conference in Brazil, a representative of Standard & Poor’s Latin American office told a panel on sustainable development that “banks and utilities are unlikeloy to provide financing of…
If you have watched the flow of news out of Asia and Europe over the last month, you might have had a reason to think that the world was going to hell in a handbasket. …
The three major US stock indexes opened higher this morning despite the refusal of the European Central Bank to lower its interest rates (our story here) and a lower-than-expected rise in US…
Lee Enterprises, Inc. (NYSE: LEE) is a tiny media company with news and advertising. It serves midsize and small markets in the United States with 52 daily and 39 Sunday newspapers, as…
Four market markers involved in the Facebook (NASDAQ: FB) IPO lose $100 million combined. (Reuters) EU concerns push the euro to close to a two-year low. (Reuters) Goldman Sachs (NYSE: GS) will…
When Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-B)(NYSE: BRK-A) made the acquisition of Burlington Northern Santa Fe, the speculation was that more rail mergers could be expected. After all, if Warren…
DaVita Inc. (NYSE: DVA) is facing a bit of a drag on its announcement that it is spending some $4.4 billion to acquire HealthCare Partners. This is a transformative deal because DaVita…
Alibaba will buy back 20% of its shares held by Yahoo! (NASDAQ: YHOO). The consideration Yahoo! will get is $7.1 billion. That sum is “composed of at least $6.3 billion in cash proceeds…
The 16-member board of directors of Canadian Pacific Railway Ltd. (NYSE: CP) today includes 7 new members nominated by William Ackman and his hedge fund, Pershing Square Capital Management. The new board…
