Shares of Apple (Nasdaq: AAPL) surged past $700 for the first time, just a year after topping $400. The move brings Apple's market value to about $650 billion, cementing its 2012 role as the world's most valuable company, ahead of Exxon Mobil Corp. (NYSE: XOM).
Apple Shares Open Tepidly Ahead of iPhone 5 Debut
Shares of Apple (Nasdaq: AAPL), the world's most valuable technology company, rose $2.04 to $662.63, Wednesday in advance of the expected announcement of the iPhone 5 at a product introduction in San Francisco, which isn’t scheduled until late morning.
Apple Shares Set Record Highs Ahead Of iPhone Intro
Shares of Apple (Nasdaq: AAPL), the world's most valuable technology company, set new record highs Friday ahead of next Wednesday’s announcement of a new member of the iPhone family, perhaps the iPhone 5.
Can Tweeting The Workday Away Save The Economy?
A new report released by the business consulting giant McKinsey Global Institute, showed that social-media tools stand to add $900 billion to $1.3 trillion to the economy, largely through increased productivity among skilled workers.
Tropical Storm Isaac Cuts Petroleum Output, Price Hikes Expected
At least one major refiner, BP PLC (NYSE: BP), has said it is shutting down production in the region. Production shutdowns can lead to price spikes at the pump fairly quickly.
Shell Plans At Least $1 Billion Investment In Chinese Shale Gas Per Year
Royal Dutch Shell announced plans to spend at least $1 billion a year exploiting China's supply of shale gas, Reuters reported. The news came from the energy firm's head executive in China, Lim Haw Kuang, who responded to Reuters' questions about the alleged $1 billion-a-year plan to invest in the potentially vast natural gas trove.
Apple's Market Value Beats Microsoft Record During 1999 Bubble
Apple Inc's market value climbed past $623 billion on Monday, surpassing the record set by Microsoft Corp during the heyday of technology stocks in 1999.
Apple, Google Set New Records For Valuation
Apple (Nasdaq: AAPL), the world's most valuable technology company, continued its tear as its shares keep setting all-time records in Monday trading. Earlier, its shares hit $664.75, valuing the Cupertino, Calif., company above $621 billion for the first time, more than any other company?s prior value.
Exxon Mobil Corporation Profit Up 49% On One-Time Gains, Shares Slip
Exxon Mobil Corporation (NYSE: XOM), the world's largest publicly traded oil company, said Thursday its second-quarter profit rose 49 percent, helped by a gain related to divestments and tax items.
ExxonMobil Is Expected To Report Weak Earnings From Lower Gas Prices
Based on a median estimate among analysts polled by Thomson Reuters, ExxonMobil will report earnings of $1.96 a share on revenues of about $115.08 billion -- a decline of 8.3 percent from the year before. The company will post its second-quarter earnings on Thursday at 10 a.m. EDT.
Facebook, Apple, Starbucks, Caterpillar: Notable Earnings Reports To Watch, June 23-27
Next week's barrage of earnings releases offers further guidance on the health of U.S. companies.
Apple, Facebook, Caterpillar: 60 Earnings Reports To Watch Next Week, June 23 – June 27
Next week's barrage of earnings releases offers further guidance on the health of U.S. companies.
Don?t Give Up On The China Dream (Just Yet) - Nation Passes Japan On Fortune 500
China's double-digit growth rate during the financial crisis has been the envy of the world and most people agree that we may have seen the last of the country's miraculous growth. So yes, China's growth is slowing. However, it's too early to get all pessimistic.
New Great Game Being Played In Afghanistan, Without The US
China and India are set to sink billions of dollars into Afghanistan, perhaps the world's last great untapped center for natural resources. Where is the U.S.?
Azerbaijan - A Repressive, Corrupt Country That The West Loves
With all of its contradictions, Azerbaijan is a complex country to fully figure out: Its tangled friendships and autocratic policies are often puzzling as are its relations with the West. But its obsession with oil is as undiluted and unwavering as anything the country has ever done.
Exxon Mobil Shelves Shale-Gas Exploration Plans In Poland: Report
The Exxon Mobil Corp. will abandon its shale gas exploration projects in Poland because the company's test wells did not produce commercial quantities of gas, the daily newspaper Gazeta Wyborcza reported, according to Bloomberg News.
If You're Anti-Guns Or Against Abortion And Pornography Or Don't Like Testing On Animals There's Always Socially Responsible Investing
Once reserved for boutique funds catering to religious investors opposed to profiting from weapons, gambling, tobacco or alcoholic beverages, socially responsible investing today has a larger presence, with more assets under management than ever before.
Poland Looks to Shale Crude and Shale Gas
Poland looks to shale exploration, despite concerns over fracking.
Pages
Iraq Pressures Western Oil Companies In Dispute With Kurdistan
Iraqi officials on Tuesday said their country's next oil lease auction will not allow companies to sign contracts with Iraq's semi-autonomous northern region of Kurdistan.
Iraq Warns Turkey To Halt Kurdistan Pipeline Deal
Turkey signed the pipeline deal with the Kurdistan Regional Government (KRG) on Sunday, bypassing the central government in Baghdad.
Apple?s ?Correction?: 5 Reasons Why The Shares Have Declined
A month ago, shares of Apple (Nasdaq: AAPL), the world's most valuable technology company, closed at their record high of $628.64. On April 10, they hit their all-time high of $644. Now they are at $570.
Obama Administration To Restrict Fracking: Report
The Obama administration will reportedly restrict hydraulic fracturing, or fracking, by promulgating a set of rules governing such practices on federal land.
BP Earnings Fall As Gulf Spill Costs Continue To Weigh
BP Plc (BP.L) reported a bigger-than-expected profit drop on the back of a fall in production prompted by the need to sell oil fields to pay for the Gulf of Mexico disaster, raising concerns about the oil group's turnaround plan.
Exxon Mobil Shuts Louisiana Oil Pipeline After Leak
Exxon Mobil Corp has shut the 160,000 barrel-per-day (bpd) North Line crude oil pipeline in Louisiana after a leak spilled 1,900 barrels of crude oil in a rural area over the weekend, affecting a conduit that supplies the nation's third-largest refinery.
Wall Street Gains But Exxon And Aetna Drop
Stocks advanced in choppy trade on Thursday as another batch of positive earnings and a strong housing report put equities on track for a third straight day of gains.
EDITOR'S PICK