US News

At 3:07 pm London time today, Carillion (LSE:CLLN) renewed its wooing of Balfour Beatty (LSE:BBY).  At 3:25 pm, Balfour Beatty’s board responded that it “notes” the Carillion proposal, will consider it, and will make a public response “in due course.” Both Carillion’s share price and Balfour Beatty’s share price responded to the dual announcements...

The last time the NASDAQ closed higher than 4,500 was March 2000. That’s more than 14 years ago. That was before 9/11, before the fall of Saddam Hussein, Muammar Gaddafi, or Osama bin Laden. It was before the sub-prime lending crisis and the bank bailout. It was before Facebook was born, and even before an […]

Expects to receive approximately $231 million in gross proceeds Ambac Financial Group, Inc. (Nasdaq:AMBC), a holding company whose subsidiaries provide financial guarantees and other financial services to clients in both the public and private sectors globally, announced today that it expects to receive approximately $231 million in gross proceeds in connection with a private placement […]

Selected to Modernize Black Hawk Cockpit Northrop Grumman Corporation (NYSE:NOC) has been selected by Redstone Defense Systems to supply and integrate mission avionics equipment for a digital cockpit upgrade of the U.S. Army’s UH-60L Black Hawk helicopters. Northrop Grumman will provide a scalable, fully integrated mission equipment package for the UH‑60L cockpit and will replace […]

Latest Patented Technology Greatly Facilitates Team Communication During Professional Gaming Competitions Skullcandy, Inc. (Nasdaq:SKUL), the original lifestyle and performance audio brand, and its division ASTRO Gaming, creators of premium video gaming equipment, today announced the issuance of U.S. Patent Number 8,602,892 directed to technology used in team-based LAN communication, which is...

Okay. I admit it. Sometimes journalists are overcome by hyperbole. But when we say that it was a monster of a day for Monster Beverage Corp. (NASDAQ:MNST) and Coca Cola (NYSE:KO), it is the real thing. When the two companies announced that the rumors about Coke purchasing a position in Monster were true, Monster’s share […]

We are only a month away from the highly anticipated IPO of China’s e-commerce giant, Alibaba, when the company says, “Open Sesame,” to anxious investors. Today, however, a cloud is forming over the company’s debut on the New York Stock Exchange as Alibaba is hunting for thieves. There may not be 40 of them, but […]

Operations Update Northcote (LSE:NCT) has said that it has successfully completed infrastructure improvements at the Zink Ranch Project in Oklahoma and accordingly, the recently recompleted well #13 is now online. The company undertook recompletions at four wells in May 2014, and two of these, wells 8-A and #13, are now in production. The two further […]

Retail megalith Walmart (NYSE:WMT) published its first half results today, reporting its seventh straight quarterly decline in same store sales year-on-year. Walmart share price, nonetheless, rose by 0.49% to 74.39, the neighborhood in which it has been parked since July 2012. Look at the Situation If you haven’t discovered by reading my previous columns about […]

The Carillion share price (LSE:CLLN) rose 8.0% today, a change of 25.60 pence to 345.60 as investors seem to be responding to the company’s published rationale of why the proposed merger with Balfour Beatty (LSE:BBY) makes good sense. However, the Balfour Beatty share price also gained 4.40 pence, or 1.86%, to 240.90 as the company […]