The people have spoken! With 69% of the vote, the U.S. government officially gets the gas face!!!!
The government has encouraged “big oil” in so many ways. Some interesting tidbits include…
Failing to adequately support alternative energy sources with much needed funding. According to Joseph Romm, former Director of the Office of Energy Efficiency and Renewable Energy, “the budget […]
On my most recent trips to the gas station I have made it a point to turn away from the pump. I have no desire to watch the price meter run up to $55 for a tank of low-grade gas. Turning away from the pump has allowed me to look at what other motorists are doing. Much […]
This week the Fed reported that credit card debt rose 6.7% in the first quarter of this year to $957.2 billion. No surprise there.
This comes on the heels of news that several discount retailers posted solid sales increases in the first quarter while many higher-end retailers suffered losses. People are definitely looking for bargains and whether the purchases […]
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 […]
Stocks opened higher after several retailers posted surprisingly positive sales figures.
Wal-Mart reported a same store sales increase of 3.8 percent, while Costco reported an 8 percent increase. BJ’s Wholesale reported a huge increase of 17.8 percent. Wow.
It’s too bad the good fortune was not universal…Nordstrom, Limited Brands and the Gap saw same-store sales decline by 3.8, 5 and 6 percent respectively.
Is this discount […]
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 […]
Yahoo Inc. announced first-quarter sales and profits today that surprised investors. The search giant posted net income of $542 million, or 37 cents per share. That income includes gains from an investment in Chinese Internet stock Alibaba.com.
Yahoo predicted more good news: second-quarter revenue of $1.73 to $1.93 billion.
It’s not certain what this […]
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. […]
The news that employers cut 80,000 US jobs last month did not send the markets into a panic, as feared. Rather, the market stayed measured - maybe hopeful that the worst has finally passed.
The Dow Jones lost just a few points on the day, ending a few points (3.2%) up for the week. The […]
Where talk is money.
Written by Tisa Silver [email] for b5media.
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