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Today the Noble Energy company secured the first US deep-water oil-drilling permit to drill in the Gulf of Mexico since the BP oil disaster, which took place nearly 10 months ago. Regulators have signaled they will approve more applications in the near future....
United States (Feb 28th, 11)
Crude futures have decreased on the news that Saudi Arabia has increased its crude production to offset the supply gap created by Libyan unrest in the Middle East. Saudi Arabia has now increased production by 500,000 to 600,000 barrels per day to 9 million. A ...
United States (Feb 28th, 11)
The Chicago-based investment trust Ventas Inc. has come to an agreement to buy Newport Beach-based Nationwide Health Properties Inc. in a stock-swap merger worth roughly $7.4 billion. This would make the largest health-care Real Estate Investment Trust (REIT) ...
United States (Feb 28th, 11)
A JP Morgan Chase investment fund, known as JP Morgan Digital Growth Fund, is reputed to be seeking a minority stake in the social media industry by buying a portion of the micro-blogging site Twitter. The website is currently valued at nearly $4.5 billion, an...
United States (Feb 27th, 11)
According to the Dayton Business Journal, analysts are projecting a 37 percent increase in revenue. These reports indicate that the auto manufacturing sector is on a path to recovery. The report provided by the Dayton Business Journal indicates that the car sa...
United States (Feb 27th, 11)
According to the Phoenix Business Journal, the Arizona Corporation Commission (ACC) will confer over the anticipated Quest-CenturyLink merger next week. Last Friday, a federal judge approved the settlement of the class-action lawsuit from shareholders challeng...
United States (Feb 26th, 11)
Many regard the prosperity of Berkshire Hathaway as a broader indication of the overall economic status of the US economy. If you subscribe to this theory, the economy is not only rebounding, it’s flourishing. The manufacturing, service, and retailing op...
United States (Feb 26th, 11)
The report released today by the International Energy Agency (IEA), indicates that the oil exports from Saudi Arabia have increased since the Libyan protests started. As Bloomberg indicates, the Libyan unrest has caused a shutdown of oil production by nearly 5...
United States (Feb 25th, 11)
This week, Google made a significant change to its search engine algorithm that has resulted in an onslaught of complaints from businesses. The changes are aimed at increasing the quality and relevance of search results on Google affecting approximately 12 per...
United States (Feb 25th, 11)
General Motors has failed to post a profit since 2004, but today that trend has changed. The report released by the automaker indicates the company made $4.7 billion last year, in comparison to a $21 billion loss by the contemporary GM and prior to bankruptcy ...
United States (Feb 24th, 11)
Ameriacn International Group Inc., now eager to show investors that it has nearly made a full recovery since the onset of the economic downturn, will potentially face questions regarding its property-casualty business after it has again posted a loss for the p...
United States (Feb 24th, 11)
Bernard Madoff’s villainous Ponzi scheme was wide-ranging in its effects. As a result, the trustee who assumed responsibility for recouping more than $1.5 million is knocking at the doors of David M. Becker, general counsel of the Securities Exchange Com...
United States (Feb 23rd, 11)
According to CNN Money, the average 401(k) savings hit a 10-year high at the end of 2010 to nearly $72,000, an increase of nearly 12 percent from a year earlier. The popularity of 401(k) plans is largely due to the fact that they are suspended from taxation an...
United States (Feb 23rd, 11)
According to a report from The Street, it is anticipated that Apple CEO Steve Jobs will temporarily leave the company. Last month, he handed over day-to-day operations of the company to Apple COO Tim Cook. This transfer of responsibilities was taken on the b...
United States (Feb 23rd, 11)
The latest buzz surrounding Apple’s latest version of its wildly popular iPhone is that the product’s release date might be pushed back to September 5, 2011. The rumors have been neither officially confirmed nor denied, however Dan Frommer, a colum...
United States (Feb 22nd, 11)
According to the LA Times, there has been a 2.4 percent decrease on the S&P Case Schiller Index, the leading indicator for tracking changes in the value of US real estate. This marks the fifth straight month of declines in the housing market, prompting que...
United States (Feb 22nd, 11)
Net income rose this quarter for Macy’s rose by $1.55 per share to $667 million, in comparison to $1.05 per share or $445 million last year at the same quarter. In addition, Macy’s reported its best same-store sales performance in 15 years. The sto...
United States (Feb 22nd, 11)
Crude oil hit its highest price in two years today due to the escalating anti-government protests in Libya. This has fueled fears that oil supply will be adversely affected as unrest seems to be spreading across the Middle East and Africa. The New York future...
United States (Feb 21st, 11)
The now bankrupt Blockbuster Inc. announced today its plans to set itself up for auction and received an opening bid of $290 million from the four largest creditors. This strategy is intended to draw other potential buyers out from the woodwork as well as esta...
United States (Feb 21st, 11)
According to Reuters, the Japanese Nikkei average fell by 2 percent Tuesday indicating a reversal from the nine and a half months of highs. This marks the first decline the Nikkei is posting in the past seven days. Analysts attribute the decline to profit-taki...
United States (Feb 21st, 11)
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