Have you ever received one of those “boycott the gas station” e-mails? In the aftermath of Hurricane Katrina, gas prices shot up and I got my first e-mail with the subject line “FW: Don’t get gas from ExxonMobil.” Soon after, I received “Don’t buy gasoline on 9/1/05.”
I was irritated by the high prices but, unfortunately neither […]
ExxonMobil, ChevronTexaco, BP Amoco just to name a few. We’ve all seen the record profits as of late, but does that make them most deserving of the gas face?
No doubt, the price of oil makes the largest contribution to the gas prices we see at the pumps. But, many transactions are involved in the process of converting oil to gas.
Oil companies produce and sell crude […]
Citigroup announced plans to shed $400 billion in assets over the next two to three years.
In the past two quarters, Citigroup has posted losses totalling $15 billion. Guess we know who’s NOT having the Best Year Ever. (VH1 rocks!)
Recently Citi announced the sale of several units with the goal of ”getting fit,” says CEO Vikram Pandit. CitiStreet (a global benefits provider) will be sold for […]
NYSE Euronext reported first quarter earnings of $230 million, up from $68 million last year. Bravo!!!
With the Dow sporting triple digit swings almost daily, stock markets have been quite volatile. High volatility comes from active trading and increased trading activity provides higher revenues for stock exchanges.
It would definitely be easier to quit searching the market for the next great stock and start investing in the market […]
Shares of the pharmaceutical giant, Merck, plunged 10% today on news that the FDA has rejected the company’s new cholesterol drug, Cordaptive.
The company’s stock has been battered in recent months, dropping about 36% since December.
The Cordaptive snub has deepened Merck’s recent decline but, this is no death sentence.
Prognosis: Bruised but not broken…shout out to Joss Stone for a great […]
Kirk Kerkorian, billionaire investor extraordinaire, has offered to purchase 20 million shares of Ford Motor Co.
Is it me or does this guy have a potentially unhealthy obsession with American automobile manufacturers? ;)
The proposed transaction will give the investor his long desired 5% stake in the firm.
Needless to say, Kerkorian’s offer gave the stock a much needed boost! Shares are […]
The Fed’s next rate decision will be announced on Wednesday, but is another cut really necessary? Most economists are projecting a cut of 25 basis points but, that’s not such a sure thing.
The Fed has cut rates by 300 points since September. Go Speed Racer go! This is the fastest drop (percentage wise) ever and now […]
That’s what some economists are saying…
The Dow Theory is signaling that the primary trend of the market which has been down for months is pointing up again. The Dow Theory turns bullish when the DJIA and DJTA move together.
“The message,” says Richard Moroney, editor of Dow Theory Forecasts newsletter, “is stocks are headed higher. […]
Investors ended the week upbeat after learning that earnings are meeting or beating expectations on the Street.
Citigroup reported huge losses as expected - but the losses totaled $5.1 billion only half of the $10 billion reported the preceding quarter.
Google also helped swing moods by reporting earnings and revenue in excess of predictions.
What did […]
You don’t have to be a broker mogul to care about the stock market… or speculate about it.
So here’s a quick question for you. If you had $10,000 to invest, how would you invest it in this market? Gold? Currencies? Equities?
Here’s where I’d spend my money:
Apple. I think Apple is […]
Where talk is money.
Written by Tisa Silver [email] for b5media.
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