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BP

Russian Shareholders Withdraw Suit Against BP

Posted: December 3, 2012 at 9:58 am

Before BP PLC (NYSE: BP) agreed to sell its 50% stake in Russia-based oil company TNK-BP, the company tried to negotiate an alliance with eventual acquirer Rosneft. That did not ...
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supermarket

SUPERVALU Is Back in Play

Posted: December 3, 2012 at 9:34 am

SUPERVALU Inc. (NYSE: SVU) soon will be acquired. If not, it is at least looking like the troubled grocery store chain operator is back in play. SUPERVALU has been in the ...
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Railroad

Canadian Pacific to Write Down $180 Million

Posted: December 3, 2012 at 9:27 am

Canadian Pacific Railway Ltd. (NYSE: CP) this morning announced that it will take a pretax, noncash fourth-quarter charge of $180 million related to its option to build an extension of ...
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Dean Foods Sells Dairy Business

Posted: December 3, 2012 at 8:58 am

In early November, Dean Foods Inc. (NYSE: DF) said that it was going to look for a buyer for the company’s Morningstar wholesale delivery dairy business. That search ended this ...
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More Big Special Dividends (CATO, DISH, HCA)

Posted: December 3, 2012 at 8:54 am

We have more of the special dividends and dividend payout accelerations ahead of the coming fiscal cliff. Companies are trying to maximize their tax efficiency ahead of the increase of ...
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Top Analyst Upgrades and Downgrades (AAPL, BBD, BSBR, RATE, BSX, CNK, DECK, DELL, DUK, ELX, LULU, OXY, QLGC, RGC, RIMM, TEVA, VZ, WSM)

Posted: December 3, 2012 at 8:43 am

These are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Monday. Apple Inc. (NASDAQ: AAPL) reiterated Buy with $800 target and raised ...
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Tractor in field on farm

ADM Boosts Offer for Australian Grain Firm

Posted: December 3, 2012 at 8:33 am

U.S. agribusiness giant Archer Daniels Midland Co. (NYSE: ADM) this morning announced that it has increased its offer for Australian grain grower and marketer GrainCorp from AUS$11.75 (about US$12.25 at ...
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Lincoln 2012 LA show

Ford Tries to Breathe Life into the Lincoln

Posted: December 3, 2012 at 8:26 am

U.S. made luxury cars have become all but extinct, as buyers have deserted the iconic U.S. brands for foreign models from Mercedes-Benz, BMW, Lexus and others. We noted earlier today ...
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Solar Farm Desert

LDK Narrows Loss, Offers Weak Outlook

Posted: December 3, 2012 at 7:28 am

LDK Solar Co. Ltd. (NYSE: LDK) reported third-quarter 2012 results before markets opened this morning. The solar PV maker reported a diluted earnings per American depositary share (ADS) loss of ...
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West side view of the United States Capitol building.

More Posturing Than Progress on the Fiscal Cliff

Posted: December 3, 2012 at 7:10 am

For those who believe that Congress and the White House can find a solution to the fiscal cliff problem, hope has begun to drain away. Treasury Secretary Tim Geithner said ...
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greek flag

Greece to Buy Back Some of Its Bonds

Posted: December 3, 2012 at 7:06 am

Greece's leadership said the nation would try to buy back 10 billion euros worth of its bonds in the public markets as a way to lower its borrowing costs. The ...
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U.K. Manufacturing Sector Edges Toward Expansion

Posted: December 3, 2012 at 7:00 am

After reporting a strong PMI figure for China, Markit posted slightly positive numbers for the United Kingdom, a sign that its austerity, unemployment and lack of demand for goods and ...
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Mansion with chairs and palms

What’s Important in the Financial World (12/3/2012)

Posted: December 3, 2012 at 6:53 am

No Progress on Fiscal Cliff For those who believe that Congress and the White House can find a solution to the fiscal cliff problem, hope has begun to drain away. ...
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Chart 6

Looking Ahead to November Unemployment Numbers

Posted: December 3, 2012 at 6:47 am

November unemployment rates will be released on Friday. Some of the figures will be distorted by factors such as Hurricane Sandy, holiday retail job additions and layoffs at troubled companies ...
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BestBuy storefront OK

Some American Companies Have No Future

Posted: December 3, 2012 at 6:47 am

No matter how sad the forecast, the year's results for a few large America companies, the conditions of competition in their markets and the malaise that has draped much of ...
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