US News

It’s amazing how deeply embedded some corporate images are in our minds.  Just the other day, I was talking with someone in Canada and mentioned “the company with the purple, polka-dot arches.”  They knew immediately what company I was referring to – and so did you.  Coincidentally, that company, McDonalds Corporation (NYSE:MCD) hit the market headlines […]

Increased cooperation between BP and the emerging superpower. BP and CNOCC, the China National Offshore Oil Corporation, have signed a production sharing agreement for Block 54/11 in the deepwater Pearl River Mouth Basin, South China Sea. The block covers 4,586 square kilometres in water depths from 370 to 2,300 metres, and is close to BP’s […]

For the second day in a row two major U.S. tech stocks have taken a beating in one form or another.  Yesterday it was IBM (NYSE:IBM) and Intel (NASDAQ:INTC).  Today it is Google (NASDAQ:GOOG) and Microsoft (NASDAQ:MSFT) who find their share prices in trouble. How the markets will be impacted today remains to be seen […]

Its going to be an interesting end-of-the-week for tech stocks now that both IBM (NYSE:IBM) and Intel (NASDAQ:INTC) have released their quarterly earnings reports.  Neither one was very exciting for shareholders, as both reported double-digit declines in earnings. IBM IBM, which for the trivia minded, was born and raised in my hometown, reported a drop […]

Looking at BP and Shell stock with their recent press. Oil and petroleum companies such as BP and Shell have some of the largest revenues and public trading in the world, but no matter how grand their success, each has their share of negative press. In a game of “Where are they now?” let us […]

My first look at the FTSE charts at midday reminded me of Churchill’s “V for Victory” sign as it resembled the statesman’s forefinger and index fingers raised aloft.  The 100, the 250, and the TechMARK all resembled a huge “V” as an early morning slump reversed its course and the indices rose to opening heights. […]

Enough to buy an actual gold man? Perhaps! Goldman Sachs Group, Inc. (NYSE:GS) today reported net revenues of $8.61 billion and net earnings of $1.93 billion for the second quarter ended June 30, 2013. Diluted earnings per common share were $3.70 compared with $1.78 for the second quarter of 2012 and $4.29 for the first […]

JS Pemberton would be proud. Coca-Cola have announced 1% global volume growth in the second quarter; 3% growth year to date. Global volume and value share gains in total nonalcoholic ready-to-drink beverages as well as sparkling and still beverages As a global brand the company reported volume growth of 1% in the second quarter; 2% […]

Earnings per Share of $1.34; $1.25 Excluding CVA/DVA Citigroup Inc. today reported net income for the second quarter 2013 of $4.2 billion, or $1.34 per diluted share, on revenues of $20.5 billion. This compared to net income of $2.9 billion, or $0.95 per diluted share, on revenues of $18.4 billion for the second quarter 2012. […]

Council Names Two Companies for Consolidated Supervision and Enhanced Prudential Standards The Financial Stability Oversight Council (Council) today announced that it had voted to designate two nonbank financial companies to address potential threats to financial stability. This is the Council’s first use of its authority under Title I of the Dodd-Frank Wall Street Reform and […]