Chesapeake Energy said China's Cnooc is paying $1.08 billion for a one-third stake in the U.S. company's Eagle Ford shale project in Texas. Cnooc is just investing capital; the company will have control.
Despair grips the nation, as nearly 15 million are counted as jobless and many more languish in part-time employment. Free trade with China, flawed energy policies and pandering to Wall Street are destroying American prosperity.
Precisely because of the obvious failure of the Obama stimulus-spending program to adequately create jobs, the Federal Reserve is moving toward re-priming the pump. It’s the addition of yet another bad policy of dollar destruction to the first mistake of massive spending.
Despite the growing chorus of Democratic lawmakers calling for nationwide moratorium on foreclosures, the Obama administration is opposed to a freeze.
In a Washington Post op-ed piece this week, Timothy Geithner makes the case that the Troubled Asset Relief Program was much more successful than most would believe. He outlines five myths about TARP and why the general disdain towards this program is without merit. The piece deals mostly with the prudence of TARP as a financial rescue program. Maybe; debate will rage on I’m quite sure as to its effectiveness.
The consensus is still with Mike Mayo at CLSA, who said that nonperforming assets will remain elevated and the suspensions "will only delay the housing recovery." UPDATED: Waddell & Reed respond to "exculpatory" Flash Crash report.
Bill Ackman, the noted activist investor with a noticeably mixed track record when it comes to investing in retail is at it again.
S&P futures dropped, then quickly recovered, the dollar weakened, commodities rallied, all on the disappointing Nonfarm Payroll reports, which showed a loss of 57,000 jobs versus consensus expectation of a gain of zero.
Business investment, not government stimulus, will create jobs, Frederick Smith, chairman and CEO of FedEx, told CNBC Friday.
As a scandal unfolds over shoddy preparation of foreclosure documents, the fallout is beginning to hammer the housing market, especially in states like Florida, the NY Times reports.
For graduating MBA students five years ago, the path may have been predictable: accept diploma, sign onto a six-figure income with a major investment banking firm, and begin 18-hour workdays.
Let the media come up with the negatives. Cramer? He’s focused on what’s going right.
The story broke quickly: A bill that made it more difficult for homeowners to challenge potentially faulty foreclosures had passed quickly and quietly through the congress. John Carney reported on the story this morning, noting that the White House was reviewing the legislation.
The big outperformers are up, but not by much...
Another week of outflows from domestic equity mutual funds. But equity ETFs continue to see inflows. Here's why.
Anthony Scaramucci tends to talk in lists: Here’s what’s working, here’s what’s not, here’s what a good hedge fund manager needs to do — all enunciated in clear, bullet-point conversational format.
In her new book, YOU KNOW I'M RIGHT More Prosperity, Less Government she takes on today's toughest issues: the deficit, unemployment, health care, education, housing and immigration.
If I had a dollar for every time someone said the word "deficit" I would be a rich woman.
September same store sales are in, and the vast majority have to be pleasantly surprised... How surprised? Overall, September same store sales are up 2.7 percent, versus expectations of 2.3 percent, according to RetailMetrics.
As Obama administration officials put into place the first major wave of changes under the health care legislation, they have tried to defuse stiffening resistance by granting dozens of waivers to maintain even minimal coverage far below the new law’s standards.