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…
Valero Energy Corp. (NYSE:VLO) has reported 2008 first quarter income of $261 million, or $0.48 EPS, compared with income of $1.1 billion and $1.77 EPS for the first quarter of 2007. After…
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…
CONSOL Energy (NYSE:CNX) today reported first quarter earnings of $75.1 million and EPS of $0.41. This is down from first quarter 2007 earnings of $113.3 million and EPS of $0.61. Revenue reached…
According to Reuters, Citigroup (C) will sell $12 billion in troubled loans to a group of private equity firms. Reuters reports that some members of the Fed believe that the US will…
Below are the top analyst calls that 247WallSt.com is looking at this morning in early trading: Barnes & Noble (NYSE: BKS) downgraded to Underweight at JP Morgan. Best Buy (NYSE: BBY) downgraded…
ConocoPhillips (NYSE: COP) hiked its dividend Friday, and not just by a penny. Its quarterly dividend was raised from $0.41 per quarter up to $0.47 per quarter. ConocoPhillips hiked its dividend a…
These are the new combined holdings (alphabetically A-G) from Warren Buffett’s Berkshire Hathaway (NYSE: BRK-A) for the period ended December 31, 2007: American Express (NYSE: AXP) 151.6 million shares for a value…
Just as unstable Venezuelan president Hugo Chavez thought he was making off with $12 billion in Exxon assets the world largest oil company got him into court. The Exxon property was being…
A number of experts say that companies, especially financial services firms, will cut dividends in 2008. CNN Money writes that "dividend cuts or suspensions will continue to pick up among financial services…
The mortgage-backed financial instruments that have gone such a long way to hurt brokerages like Merrill Lynch (MER) and banks like Citigourp (C) may be just the start of a wave of…
There would seem to be enough reasons for crude oil to continue its assault on $100, but two more have cropped up, and they may be more powerful than the rest. New…
This morning Goldman Sachs (NYSE:GS) cut estimates from 2007 to 2009 for corn-based ethanol producers for much of the same reasoning that we have been cautious on the sector. Raser Technologies, Inc.…
On tonight’s MAD MONEY on CNBC, Jim Cramer said today’s blemish is not a reason to not own some stocks out there. He is featuring the ‘obvious money trades’ that are leaders…
Douglas A. McIntyre Not many hours after Johnson & Johnson (JNJ) announced its $10 billion share buy-back, ConocoPhillips (COP) decided it would not be bested. It announced a $15 billion share repurchase program of its…