Reuters S&P 500 brushes record high after blowout jobs reportReutersNEW YORK The benchmark S&P 500 stock index brushed against its record closing high on Friday as Wall Street rallied after a much-larger-than-expected jump in jobs growth confirmed the U.S. economy has regained speed after a first-quarter lull. The S&P …S&P 500 closes near record after best […]
ChristianNewsToday.com Permian Gains Most in Another Week of Rig ComebacksNatural Gas IntelligenceThe return of rigs to the oil patch continued for another week, and analysts following producers and drillers said “confidence” is coming back to the patch, too. According to Friday's Baker Hughes Inc. (BHI) rig count, the Permian Basin led gains among …Rig Count […]
Wall Street Journal Essar Steel's Minnesota Unit Files for Chapter 11 BankruptcyWall Street JournalIndia's Essar Steel put its Minnesota iron-ore mine and processing plant into chapter 11 bankruptcy protection Friday after the state revoked its mining leases. The Minnesota Department of Natural Resources on Friday moved to cancel Essar Steel …Essar files bankruptcy after Dayton […]
MarketWatch Gap's June results excite investors but analysts remain waryMarketWatchGap Inc.'s June results galvanized investors, with shares jumping 5.2% in Friday trading. But many analysts are holding back before declaring the positive showing a trend. Gap GPS, +4.95% reported a 2% increase in sales for the month, totaling $1.57 …Old Navy helps boost Gap key […]
Alpha's reorganization plan approved by U.S. Bankruptcy CourtPittsburgh Business Times (blog)Alpha Natural Resources Inc., the Bristol, Va.-based supplier of coal to the steel industry, said its plan for reorganization has been approved by the U.S. Bankruptcy Court, District of Virginia. Alpha's sale of certain core coal assets to Contura … and more » Subscribe to the […]
Washington Post Eight US airlines will fly between American cities and HavanaWashington PostEight U.S. airlines will be awarded 20 direct daily flights between U.S. cities and Havana, with service to begin this fall, the Transportation Department announced Thursday. The airlines, whose selections won't be finalized until the end of this month …Eight US Airlines Win […]
Wall Street Journal IRS Wants Facebook's Records on Transfer of Assets to IrelandWall Street JournalU.S. tax officials are investigating Facebook Inc.'s transfer of assets to Ireland in 2010, saying the value of some assets may have been “understated by billions of dollars.” The Internal Revenue Service filed a motion in U.S. District Court in San […]
Reuters Energy weighs on Wall St. but Costco shinesReutersThe S&P 500 and Dow industrials slipped on Thursday, weighed by energy shares, but gains in Costco and tech shares lifted the Nasdaq Composite. The energy sector of the S&P was dragged lower by Exxon and Chevron as oil futures prices CLc1 LCOc1 …US STOCKS-Wall St falls with […]
Business Insider The real reasons why Amazon's bringing back 'Prime Day,' its biggest sales day of the yearBusiness InsiderAmazon is bringing back "Prime Day," its annual Black Friday-like sales event where hundreds of thousands of special discount offers are made exclusively to its Prime members. Last year's inaugural Prime Day brought in an additional $400 […]
CNBC Chipotle's recovery elusive right now, analyst saysCNBCChipotle Mexican Grill probably isn't going to recover from its foodborne illness crisis any time soon, Wedbush Securities analyst Nick Setyan said Thursday. "Every incremental data point that has come out, we've had to extend our recovery assumptions.Chipotle's stock is down after claims of food-poisoning incidents in ManhattanBusiness […]