This week has already been an interesting week in the oil patch, but for big oil stocks the expression "You ain’t seen nothin’ yet" is perhaps more appropriate than ever. On Thursday…
Every time the market thinks oil won’t go higher, it does. Today it hit $140. To be fair, OPEC president Chakib Khelil said oil could reach $150 to $170 this summer. At…
Douglas A. McIntyre According to Reuters, Anheuser-Busch (BUD) will reject a $46.3 billion buy-out from InBev. Reuters writes that Oracle (ORCL) posted strong earnings but its outlook was light. Reuters reports that RIM (RIMM) has…
The Toronto Stock Exchange has granted a final approval for an emerging potash player to list its shares on the TSX. Potash One Inc. will trade under the ticker "KCL" on the…
Douglas A. McIntyre Reuters is reporting that ExxonMobil Corp. (NYSE:XOM) plans to sell the 1,400 retail outlets it owns and the 820 it operates over the next several years. The company doesn’t want to fool…
According to Reuters, Pfizer (PFE) may make a counter-bid for Ranbaxy Laboratories, the generic drug-maker. Reuters reports that deal talks between Yahoo! (YHOO) and Microsoft (MSFT) are dead. Yahoo! will do an…
According to Reuters, Pfizer (PFE) may make a counter-bid for Ranbaxy Laboratories, the generic drug-maker. Reuters reports that deal talks between Yahoo! (YHOO) and Microsoft (MSFT) are dead. Yahoo! will do an…
Yesterday, the energy sector gained 1.69%, as money flowed into ExxonMobil (NYSE:XOM), up 2.63%; ConocoPhillips (NYSE:COP), up 3.07%, Transocean (NYSE:RIG), up 3.21%; and Apache (NYSE:APA), up 6.04%. Other big gainers were oilfield…
Oil on last look was up huge at $134.36 per barrel, up $6.58 from yesterday’s gains in what is one of the larger two-day moves in recent trading. Israel’s transportation minister said…
According to Reuters, Yahoo! (YHOO) says Microsoft (MSFT) is not longer anxious for a merger. Reuters said Exxon (XOM) investors voted to keep the chairman and CEO jobs together. Reuters reports that…
Being related, distantly, to the founder of the company which became Exxon (XOM), did not help the Rockefellers. They were at the front of a group of shareholders trying to separate the…
Douglas A. McIntyre According to Reuters, merger talks between United (UAUA) and US Air (LCC) has slowed. Retuers writes that NetFlix (NFLX) and Blockbuster (BBI) held competing analysts meetings on the same day. Reuters reports…
According to Rueters, Microsoft (MSFT) has proposed a partnership with Yahoo! (YHOO), in place of a buy-out, which may push Carl Icahn to try to get a deal for Yahoo! to set…
For years, GE (GE) has been considered the single best corporate proxy for the US economy. For years it led all American companies in market cap. It businesses range from entertainment to…
According to Reuters, HP (HPQ) plans to buy EDS (EDS) to better compete with IBM (IBM). Reuters writes that AIG (AIG) says it sees no reason to follow the request of its…
