Oil companies are not typically the stuff of break-up actions. What would be the purpose of knocking Exxon Mobil (XOM) or Conoco (COP) into two pieces? Some of the answer to that…
According to Reuters, the CEO of Microsoft (MSFT) says that the company is close to its next move in its attempted takeover of Yahoo! (YHOO). Reuters reports that Wal-Mart (WMT) will use…
Wall St. didn’t think much of Exxon’s (XOM) earnings. That is odd because the company made an obscene $10.9 billion. The stock is off over 2%. The oil company’s earnings for the…
Douglas A. McIntyre Exxon Mobil Corp. (NYSE: XOM) has just given another vote of confidence on higher oil prices, or so it would seem. "BIG OIL," or dare we say "Standard Oil," has announced that…
Douglas A. McIntyre According to Reuters, the Fed will probably cut rates and them pause for some time Reuters writes that senior financiers see the current economic situation as a recession on Main Street and …
BP (BP) and Shell produced out-sized profits for the first quarter. BP earnings rose to $7.62 billion from $4.66 billion. Over at Shell the numbers were up to $9.08 billion from $7.28…
According to Reuters, Cadbury is looking at buying Hershey. Reuters writes that banks being sued by Clear Channel (CCU) have asked for a delay of a Texas trial. Reuters reports that share…
The shell game of controlling gas and diesel prices in China is not terribly clever, but it has worked. The government and the oil & refinery companies which it controls buy crude…
There are only six companies left with "AAA" ratings from both S&P and Moody’s. The are Automatic Data Processing (ADP), Berkshire Hathaway (BRK), GE (GE), Johnson & Johnson (JNJ), Exxon (XOM), and…
Reuters ran a pretty interesting article regarding Exxon Mobil Corp. (NYSE: XOM) today that really hasn’t gotten much coverage. Apparently, its Esso (Thailand), its unit of Exxon Mobil in Thailand, plans to…
Douglas A. McIntyre According to Reuters, the Fed cut rates .75%. Reuters writes that Visa raised $17.9 billion in its IPO. Reuters writes that New York City will probe whether Bear Streans (BSC) misled investors.…
If gasoline prices move from their current average price of $3.20 to $5, the cost of fuel for a family that spends $50 a week for gas would move up over $1,000…
According to Reuters, H&R Block posted a large quarterly loss. Reuters writes that the service sector slump is pulling down the economy. Reuters writes that Ambak (ABK) raised at least $1.5 billion.…
PDVSA, the state-owned oil company of crack-pot Hugo Chavez’s Venezuelan government, claims that Exxon’s (NYSE:XOM) seizer of $12 billion in assets is based on "fantasy". Lawyers for PDVSA said that the claim…
Douglas A. McIntyre Perhaps feeble-minded Venezuelan president Victor Chavez does not want to spend decades in court with Exxon (NYSE: XOM) fighting over the oil company’s seizure of some of the country’s assets due to…
Douglas A. McIntyre 