Recent Articles
Conoco’s New Plan for Success (COP, XOM, CVX)
Of the three remaining US-based supermajor oil companies, Exxon Mobil (XOM), Chevron (CVX), and ConocoPhillips (COP), Conoco has surfaced as the one facing the most serious problems going forward. Today the company announced its plans for "creating and delivering value to our shareholders," according to the company's chairman and CEO.
MGM Auction Doesn’t Generate Much Drama (TWX, LGF, LINTA, T, NWSA, BBI, NFLX)
The bidding for independently-held MGM Studios failed to generate the $2 billion bid that current private equity owners had hoped for despite drawing bids from Time Warner (TWX), Lions Gate Entertainment (LGF) and AT&T (T) to name a few.
Bill Gates Goes Nuclear
TerraPower LLC, a company owned by Microsoft chairman Bill Gates, has reportedly begun discussions of a partnership with Toshiba Corporation to develop a new nuclear reactor.
Baidu Price Target Raised on Google’s Move to Hong Kong
Google's (GOOG) move to Hong Kong has caused Goldman Sachs (GS) to lift its price target on Baidu (BIDU) from $575 per share to $675 per share.
Congress Runs Up Debt, But Stocks Owe Less
U.S. companies included on the Standard and Poor's 500 have cut their debt by the lowest amount in a decade. That includes Berkshire Hathaway, Inc. (BRK-A), Proctor and Gamble Co. (PG), Johnson and Johnson (JNJ), and Lowe's Companies (LOW).
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