US News

Senate passes bill to suspend debt ceiling ahead of budget negotiations. A bill to suspend the United States’ debt ceiling until May has been passed in the Senate in a 64-to-34 vote. Following an earlier 285-to-144 vote in the House of Representatives, the bill must now be signed by President Obama for it become law. […]

Petrol giant narrowly misses all-time profit high ExxonMobil, the world’s largest independent petroleum refiner, has announced a 6% increase in net-profits during the final three months of 2012. Reporting the $9.95bn profit increase ExxonMobil, for a total of $44.88bn during 2012, the company feel $340m short of its all-time high of £45.22bn recorded in 2008. […]

157,000 jobs created in January as Dow Jones passes 14,000. The US economy added 157,000 jobs during January, figures released on Friday reveal. Coming soon after the news that the national economy contracted by 0.1% in 2012 and on the day that the Dow Jones Industrial Average index passed 14,000, the job figures have added […]

Dell Inc. (NASDAQ:DELL): The stock is trading up after the renewed rumors about its LBO. It is expected that the deal may be announced as early as Monday. The probable deal price has been set at $15 to $16 per share.

The share price of Boeing (NYSE:BA) rose $0.94 today to $74.59, a change of 1.28%, on news of the company’s 14% increase in revenue for 2012. The company turned a profit of $978 million, which is lower than 2011’s earnings by $412 million.  The profit numbers are somewhat misleading and not at all unexpected as […]

National Beverage Corp. (NASDAQ:FIZZ): The company is involved in the business of developing and marketing flavored beverages. Its EVP of finance, George Bracken bought 400,000 shares of the company stock for $20 million. The average purchase price for the transaction stood at $50 apiece.

Beazer Homes USA Inc. (NYSE:BZH): The company slid to loss in the first quarter of the year. Beazer Homes reported its quarterly loss at $20.4 million. On per share basis, its loss stood at 84 cents per share.

The share price of RBS (LSE:RBS) has fallen by 20.70 today to 345.10 as it has been reported that the US government is seeking a settlement with the bank on allegations connected to the Libor scandals.  Under normal circumstances, negotiating a settlement would be a fait accompli, but there is a catch in the deal […]

Autodesk Inc. (NASDAQ:ADSK): The company stock is currently trading at $38.87, down 0.31 percent from its previous close of $38.99. Autodesk received analyst upgrade from Goldman Sachs.

Procter & Gamble Co. (NYSE:PG): The stock is up after positive earnings news and created a new 52 week high. The company doubled its second quarter net income to $4.06 billion. It had reported its net income for the corresponding quarter of the last year at $1.39 billion.