BP’s (NYSE: BP) profits fell as it continues to struggle with the Deepwater Horizon catastrophe. The incident and subsequent oil spill may cost the UK company as much as $20 billion in settlements with…
Jon OggIt is that time of year again. It is time to ponder the theory of pricing in a summer slowdown, whether it actually happens or not. In short, is time to…
Dividends have continued to rise. Better yet, they are expected to keep rising for the rest of the year. A study from Dow Jones Indexes showed a rise of almost 2.2% so…
Sunoco Inc. (NYSE: SU) has been shopping its two Pennsylvania refineries since late last summer with not a lot of interest from prospective buyers. That could be about to change. Last week…
Splunk Inc. (NASDAQ: SPLK) was touted as a hot IPO but became a sizzling hot IPO. The company priced 13.5 million shares at $17.00 per share, but this was a premium to the…
A couple of weeks ago there were press reports that Delta Air Lines Inc. (NYSE: DAL) was contemplating the acquisition of one of three idled Eastern US refineries, with the most likely…
Argentina may take control of huge energy company YPF. (Reuters) Spanish debt costs continue to rise. (Reuters) The International Monetary Fund will try to raise $400 billion, much less that previously planned. (Reuters)…
Concerns about Spain and Italy renew capital markets’ rejection of area debt. (Reuters) Best Buy (NYSE: BBY) will have to bring in an outsider to change the company’s old philosophy. (Reuters) The…
Earnings season for the first quarter of 2012 is upon us and 24/7 Wall St. wanted to see how the tale of the tape is treating the companies reporting earnings. Our aim…
Markets opened lower this morning and by mid-morning equities were trading down about -1% across the board, where they have mostly remained for the rest of the day. Worries about Spain have…
The total 2011 compensation package for Goldman Sachs Group Inc. (NYSE: GS) CEO Lloyd Blankfein was chopped by $6.7 million to $12.4 million, 35% below his 2010 total pay of $19.1 million.…
J.P. Morgan Chase & Co. (NYSE: JPM) has reported its first-quarter earnings results ahead of expectations. The top bank in America earned net income of $5.4 billion in the first quarter versus…
Jon C. Ogg Markets opened slightly higher this morning and about an hour before the markets close all three major indexes are more than 1% higher. The report on new unemployment claims was weaker than…
Friday morning will mark the start of earnings season as far as the financial sector and the money-center banking giants are concerned. While there was a strong rally in the first quarter…
Borrowers with less-than-perfect credit are being courted once more by lenders trying to bolster their loan portfolios to make up for the loss of fee income from new regulations. The lost fees…
