Coverage: Natural gas prices fall
The drop in natural gas prices is mirroring that of oil and causing issues for companies as well. Mild weather is also playing a role in how much consumers are (or aren’t) using. The Wall Street Journal had this story by Timothy Puko: Mild temperatures across the U.S. have sent natural-gas futures tumbling to their […]
Coverage: The price of oil
As oil prices drop, it’s having different effects on various countries and the global economy. For those who produce oil, the decline in revenue is hurting investors’ willingness to put money into those countries The Wall Street Journal story Nicole Hong and Kejal Vyas had these details about Venezuela: A slide in oil prices is […]
Coverage: Cuba is open for business – or is it?
After President Barack Obama announced that he was planning to strengthen ties with Cuba, including opening an embassy in Havana, many cigar and rum aficionados rejoiced. But what does the move actually mean? The Wall Street Journal reported in a story by Tripp Mickle that the change isn’t going to do much to help consumers […]
Coverage: Federal Reserve likely to raise rates
No matter what headline or spin you put on it, the U.S. economy is expanding and the days of cheap money may be over. The Federal Reserve Board signaled they’re likely to raise interest rates next year. Fed reporting wiz Jon Hilsenrath had these details in The Wall Street Journal: The Federal Reserve took a […]
Coverage: Sony damage gets worse
As if having the emails of all its employees revealed and its computers still under siege, it just keeps getting worse for Sony. The stars of its upcoming movie “The Interview” are skipping appearances, and Sony is letting theaters back out of showing it because of terrorist threats. Ben Fritz, Danny Yadron and Erich Schwartzel […]
Coverage: Tech companies rally around Microsoft
The biggest names in tech are backing the ultimate giant in the industry – Microsoft. The company is trying to keep U.S. authorities from seizing customer emails in Ireland, and everyone is showing their support. The New York Times story by Nick Wingfield had these details: A broad array of organizations in technology, media and […]
Coverage: Investors pay $8.3 billion for PetSmart
While reported valuations varied slightly, BC Partners is paying more than $8 billion for PetSmart to gain access to millions of people who spend loads of money on their pets for treats and toys. Bloomberg’s David Welch had these details about the deal: PetSmart Inc. (PETM) agreed to be bought by a group led by BC […]
Coverage: Earning an IPO
Several Wall Street firms were fined for the way they hand and recruit business for initial public offerings. While fines aren’t rare, they usually point to large, systemic problems. Here are a few of the details from John Kell in Fortune: Ten banks have agreed to pay $43.5 million to settle allegations that they allowed […]
Coverage: What does falling oil prices mean for Tesla?
Oil prices are dropping, making many consumers happy, particularly since it’s right before the holiday travel and shopping season. But one maker of electric cars might not be so excited – Tesla — or maybe it doesn’t care. Marcus Wohlsen wrote for Wired that Tesla was likely unhappy with the current price of gas: The […]
Coverage: Banks face new capital rules
Many are saying the Federal Reserve Board is pushing banks to shrink after issuing new rules for how much they have to reserve to cover bad loans. Some firms are OK, but others have some money to raise. The New York Times story by Peter Eavis reported that most of the banks are close to […]
