Companies don't have a right to lie to their shareholders, but sometimes, lies are necessary, a judge ruled. The NYT reports.» Read More
Stocks index futures are slumping ahead of the opening as news from the subprime mortgage world continues to flow. February retail sales data and an earnings report from Goldman Sachs GS could influence direction. European markets are weaker and CNBC Europe reports that worries about U.S. subprime lenders are creeping up there. Asian markets were mostly lower, dragged down by a rising yen.
Today, Cramer gives Home Gamers five oil stocks worth buying. Here are his top two.
Mark Urness, head of Energy Research at Calyon Securities, told “Street Signs” that people are overlooking a basic point about Halliburton and its much-debated Dubai strategy: The company will maintain its Houston headquarters and is opening an office in Dubai to better serve the Middle East.
The oil services giant will soon shift its corporate headquarters from Houston to the Mideast financial powerhouse of Dubai, chief executive Dave Lesar announced Sunday.
Dubai is again the flashpoint of a patriotism-versus-globalism debate. This time, it's not about a foreign firm encroaching on U.S. shores, but an American company shifting its headquarters to the emirate. And when the firm is oilfield-services provider Halliburton, everyone has an opinion.
Cramer gives his take on Dell, Under Armour, Bausch & Lomb and more...
Today Cramer talks drilling stocks, MasterCard, Sprint and many, many more...
Stocks ended lower following a volatile week of trading that was punctuated by a mixed batch of quarterly earnings reports and strong economic data, which fizzled many investors hopes the Fed will lower interest rates.
Halliburton reported higher fourth-quarter profit before special items on Friday, just above analysts' estimates, as high energy prices stoked global demand for its oilfield services.
The bulls caught their breath today after a run-up last week. All major indexes ended the day in the red. The Dow Jones Industrial Average closed slightly lower today by 4 points, even as two of its biggest components – General Electric and Citigroup – surged with both stocks hitting highs (Citigroup closed at an all-time high, GE at a 52-week high). The Nasdaq and S&P 500 also faced selling pressure, closing down 22 and 5 points, respectively.
Erin Burnett talked with Tom Petrie on “Street Signs” today. He’s a vice chairman at Merrill Lynch. He says the geopolitics of energy today will keep the market strong for the rest of this decade and beyond. Also, the need to develop more resources and the infrastructure necessary to harness them will give a boost to companies like Halliburton and Schlumberger.
As we've said--OPEC meets tomorrow (threatening production cuts) and U.S. gas inventories are out (down)--as we've been focusing on the global energy picture. But what does it mean for your stock portfolio? Here are some picks from two energy stock analysts on "Morning Call." Jacques Rousseau is an analyst with FBR. He says it all about being selective right now. James Wicklund is Energy Equity Analyst with Banc of America Securities....