ThinkstockJust two weeks ago, the $76 billion merger was completed that created London-traded Glencore Xstrata. Today, shareholders shook up the company’s board of directors by booting chairman John Bond and another director.…
Paul Ausick U.S. equity markets opened mixed this morning as investors weighed conflicting data from the U.S., Europe, and Asia. In Europe, retail sales declined more than expected in Germany, Italy’s unemployment rate remained…
courtesy of BP plcBP PLC (NYSE: BP) reported first-quarter 2013 results before markets opened this morning. The oil and gas supermajor posted diluted earnings per American Depositary Share (ADS) of $5.20 on…
Paul Ausick courtesy of AOL, IncSoftbank signals it will not increase its bid for Sprint Nextel Corp. (NYSE: S). (Reuters) Best Buy Co. Inc. (NYSE: BBY) will dump its Europe presence via selling its…
U.S. equity markets opened higher this morning after the U.S. Department of Commerce reported that personal income and spending both rose by 0.2%, which was slightly higher than expected for spending and…
Jon OggStocks have enjoyed a serious bull market, and we still have the S&P 500 Index and the Dow Jones Industrial Average both up by double digits so far in 2013. As…
courtesy of BP plcThe April 2010 well blowout in the Gulf of Mexico that took 11 lives and dumped 5 million barrels of crude in the Gulf of Mexico will cost BP…
Paul Ausick ThinkstockBP PLC (NYSE: BP) must like shale, gas and oil exploration and production better than new age energy sources. It wants to dump its wind operations in the United States. According to…
Douglas A. McIntyre ThinkstockCyprus Gets Bailout Funds Cyprus and its bailout got a new fan. The International Monetary Fund will contribute one billion euros to the cause. The action may not be much of a…
ThinkstockThe Chinese services PMI rises to 55.6 in March — a recent high — from 54.5 in February. (Reuters) The Securities and Exchange Commission says public companies may release information over social…
Wikimedia CommonsFines of energy companies continue to be the rage among the news media. Perhaps it is the hangover of the huge bonanza of press coverage following the BP PLC (NYSE: BP)…
courtesy of BP plcBritish-based oil supermajor BP PLC (NYSE: BP) deposited a check for nearly $12.5 billion yesterday as it closed the sale of its 50% in TNK-BP to Russia’s Rosneft. The…
Paul Ausick ThinkstockFrom 2007 to 2012, imports of crude oil to the northeastern U.S. have fallen from around 1.5 million barrels a day to 870,000 barrels according to the U.S. Energy Information Agency. The…
courtesy of BP plc The long saga of BP PLC (NYSE: BP) and its operations in Russia is just about wind up. The U.K. firm today closed the sale of its 50%…
Paul Ausick courtesy of AOL, IncChina’s PMI rises, but the improvement is unimpressive. (Reuters) Cyprus will keep banks closed and may nationalize pension funds. (Reuters) The Fed will hold interest rates as they are,…
