Stock markets. Equity markets opened sharply higher this morning before falling into negative territory before the ISM and factory order reports were released. The ISM index came in lower than expected, but factory…
George Papandreou convinces the Greek cabinet of the virtues of a national referendum on budget cuts, but he now faces the leaders of France and Germany. (Reuters) The FBI may investigate the…
Following last year’s disaster in the Gulf of Mexico, oil drillers and field services companies watched their shares fall more than -20% in most cases as prospects for exploration and production dropped.…
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.…
Transocean Ltd. (NYSE: RIG) is likely going to be in the local nightly news reports all throughout the states in the Gulf of Mexico, whether it is justified or not. The U.S. Coast…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Tuesday morning. Aeropostale, Inc. (NYSE: ARO) Raised to Hold at Jefferies. Agrium Inc.…
Transocean Ltd. (NYSE: RIG) must think that its dispute with BP plc (NYSE: BP) over responsibility for the explosion of its Deepwater Horizon platform in April 2010 is either going to take…
As the markets swoon today from Friday night’s downgrade of US debt, Standard & Poor’s is making other changes to its debt ratings. One sector that is unchanged is oil and gas,…
Brazil’s Petroleo Brasileiro SA (NYSE: PBR), commonly called Petrobras, has approved a plan it announced last September to spend $224.7 billion developing an estimated 5 billion barrels of reserves. The spending, which…
Transocean Ltd. (NYSE: RIG) was all over the news at this time last year. It was a Transocean drilling rig that exploded in the US Gulf of Mexico, killing 11 workers and…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Friday morning. AEGON N.V. (NYSE: AEG) maintained “Buy” but removed from Conviction Buy…
One school of thought about negative publicity is that its impact dissipates over time. It is hard to disprove that theory, especially in the case of large companies. And sometimes it takes…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Monday morning. Avis Budget Group, Inc. (NYSE: CAR) Reiterated Strong Buy at Zacks.…
Jon OggWe have already seen (some) of the position changes of Warren Buffett, but the old guy wouldn’t share many ‘confidential positions’ so we are whale watching in other ponds. We wanted to…
This week marks the beginning of the end of corporate earnings season for the first quarter of 2011. Many off-calendar quarters will be seen starting next week or the week after. Wednesday…
