US News

All three of the leading U.S. stock market indices are down today following the Commerce Department’s report on the GDP for the first quarter, whilst observers are still waiting to hear the monthly report from the Federal Reserve. At 1:30 pm EDT the Dow and the S&P 500 are both down 0.64%, with the  Dow down […]

Orchid Island Capital, Inc. (NYSE:ORC), a real estate investment trust, today announced results of operations for the three month period ended March 31, 2015. First Quarter 2015 Highlights: – Net income of $5.5 million, or $0.33 per common share – First quarter total dividends declared and paid of $0.54 per common share – Book Value […]

Let us look at the detais…. Windstream Holdings, Inc. (Nasdaq:WIN) announced today that its wholly owned-subsidiaries, Windstream Services, LLC (Windstream) and PAETEC Holding, LLC (PAETEC), are calling for redemption certain of their outstanding notes on May 27, 2015. Windstream is calling all of the approximately $400 million outstanding aggregate principal amount of its 8.125% Senior...

Fifteen years ago, in 2000, the sages warned that the dot.com bubble was going to burst. They were right. It did. I don’t remember them saying that it would come bubbling back in 2015. But it did – yesterday. Some may want to call it by a different name, but when the NASDAQ (NASDAQI:COMPX) rose […]

Kaiser Aluminum Terminates Defined Benefit Accounting With Respect to the Union VEBA and Removes the Related Net Assets From Its Balance Sheet Kaiser Aluminum Corporation (Nasdaq:KALU) today announced that, as a result of the definitive expiration of its obligation to make annual variable contributions to the union voluntary employees’ beneficiary association (the “Union...

Sale to Antin Infrastructure Partners BP today announced it has agreed to sell its equity in the Central Area Transmission System (CATS) business in the UK North Sea to Antin Infrastructure Partners for £324 million ($486 million). BP is currently the operator of CATS. The agreement comprises a payment on completion of £302 million ($453 […]

The New York Stock Exchange is still waiting for the opening bell as I commence this story, but Caterpillar (NYSE:CAT) is already up 2.7% in pre-market trading as the company reported an earnings of increase just in excess of 20%  at $1.1 billion and a diluted profit per common share of $1.81, up 26% from […]

what can the new piece of kit do? Northrop Grumman Corporation (NYSE:NOC) and the U.S. Navy successfully demonstrated fully autonomous aerial refueling (AAR) with the X-47B Unmanned Combat Air System Demonstration (UCAS-D) aircraft today, marking the first time in history that an unmanned aircraft has refueled in-flight. This is another historic aviation milestone for the […]

The share price of BP (LSE:BP.) closed marginally down (0.05%) at 479.75 after reaching 484.20 in intraday trading, up at the point by 0.875%. BP continues to trade nearer to the low end of its 52 week range if 364.40 to 526.80. But today’s story is not so much about its share price activity today […]

Cambridge chip designer, ARM Holdings (LSE:ARM) shares reached a record high of 1,233 today on the London Exchange following a first quarter earnings report that handily beat expectations. ARM shares closed on Monday at 1,150 and opened this morning at 1,218, a 5.9% increase in early trading. The share price reached its all-time high shortly […]