US News

Chesapeake Energy Corporation (NYSE:CHK): The stock is currently trading at $16.52, down 3.27 percent despite getting thumbs up from JPMorgan Chase. The stock oscillated in the range of $16.37 and $17.13 in the current trading session. It was rated Underweight and its new rating stands at Overweight.

Alcoa Inc. (NYSE:AA): The company started the earnings season by posting healthy financial numbers for its fourth quarter of the year. Its income for the quarter stood at $64 million while its EBITDA was reported at $282 million. However, its revenue fell 2 percent to $5.9 billion.

Cypress Semiconductor Corporation (NASDAQ:CY): The stock is currently trading at $10.05, down 9.05 percent. The stock oscillated in the range of $9.91 and $10.78 in the current trading session.

All it took was a a few simple words from Verizon (NYSE:VZ) CEO Lowell McAdam in an interview yesterday in Las Vegas prior to this week’s massive Consumer Electronics Show.  He simply indicated, regarding a buyout of Vodafone’s shares, that a deal is feasible.  The knee-jerk response of speculative investors was as predictable as the […]

Nationstar Mortgage Holdings Inc. (NYSE:NSM): The stock is trading at $37.00, up 11.35 percent higher than its previous close. It has traded in the range of $36.61 and $39.40 in the current trading session.

Bank of America (NYSE:BAC) has agreed to pay $10.35 billion USD to settle claims for loans originated by the bank and sold to Fannie Mae between 2000 and 2008. The loans in question were actually originated by Bank of America N.A. and Countrywide Financial, which Bank of America acquired in 2008.  $3.6 billion of the […]

Director lifestyle (oops I meant to say oil exploration services) group Vialogy (LSE:VIY) needs to raise cash urgently or it is going bust. That is not just me saying that,. That is the bombshell from its auditors that the company snuck out over Christmas when no-one was watching. Its attempts since then to sucker private […]

President Barack Obama has said that failure by the United States government to reach an agreement on further raising the nation’s debt ceiling would lead to “catastrophic consequences”. The Democratic president faces the challenge of reaching an agreement with Republican majority in the House of Representatives, with the Unites States Senate currently under Democratic control, but […]

Citigroup Inc. (NYSE:C): The stock has been upgraded by JMP Securities. Its earlier rating stood at Underperform and it now has been elevated to Market Perform.

The Chinese service sector has grown at its fastest rate for four months indicating that the country is set for a period of sustained economic recovery. Newly released results for China’s National Bureau of Statistics shown that non-manufacturing purchasing manager’s index, known as PMI, increased to 56.1 in December from November’s 55.6, with any figure […]