According to Barron's, ConocoPhillips (NYSE:COP) shares have more room to rise. The split should allow both entities to pursue distinctive strategies, in turn maximizing returns in their respective businesses. The breakup will not
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Shares of Research In Motion (NASDAQ:RIMM) slid 2.20% in today's trading after Northwest & Ethical Investments, an investor, initiated a push for a shareholder vote to decide whether Mike Lazaridis and Jim Balsillie should ret
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On the call side, Avon Products calls are trading 6.5 times their average amount after one investor bet bullishly on the company. T. Rowe Price calls are at close to 6 times the average volume after being mentioned positively on J
Eqecat's estimate, which includes damages caused by the earthquake, subsequent tsunami and fires, is below that of competitor AIR Worldwide which estimates losses of $15 billion to $35 billion, not including tsunami-related losses
Worried investors have been selling insurance shares in re
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The destruction sustained in last week's earthquake in Japan will cause insurers to lose between $12 billion to $25 billion, according to an estimate released Wednesday by the catastrophe risk modeling firm, Eqecat, making it one
Mylan Inc. (MYL) has trimmed a mid-morning slide to $22 and is near even, down 0.06%, after Moody's Investors Service today upgraded its corporate family rating to Ba2 from Ba3. The outlook is stable. Moody's cited the company's i
Hope you’re not tired of Angry Birds, because its creator, Rovio Mobile, has plans to keep legless birds flying around our heads for the foreseeable future. At least for the rest of the millennium. Rovio is looking for investor
U.S. gasoline prices are up nearly 33 cents over the last two weeks, according to the latest Lundberg survey. That is the second biggest price jump in the history of the gasoline market, with the biggest occurring between August a
The report cites Linus Wilson, an assistant finance professor at the University of Louisiana at Lafayette, who says that balances for Madoff's firm in its JPMorgan account created profits from 1986 to 2008.
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JPMorgan Chase (JPM) shares are down 1.82% following a Bloomberg report that the bank made a $907 million pretax profit from deposits held by the bank for Bernard L. Madoff.
This is another signal that Russia is opening up its massive energy reserves to foreign investors, coming on the heels of BP's (NYSE:BP) $16 billion share-swap deal for three offshore Arctic licenses with Russian energy company Ro
Total's stake will rise to 19.4% in three years, and the french company will get a seat on Novatek's board of directors.
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French energy giant Total SA (NYSE:TOT) said it will pay $4 billion for a stake in Russia's largest independent gas producer, Novatek, and is joining the company's huge Arctic natural gas project.
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...
The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...
CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.
Goldman served as CFO at his most recent employer, Fortinet, having worked at Siebel Systems, Sybase,...