Markets

Nearly $150 Million Invested in Past Three Years to Enhance Wireless Network

Nearly $775 Million Invested in Past Three Years to Enhance Wireless Network

More Than $45 Million Invested in Past Three Years to Enhance Wireless Network

J.C. Penney (NYSE: JCP), a leading retail chain, soared 8.85% by mid-day trading on Friday after J.C. Penney (JCP) posted profits in the Q4 which beat the analysts’ expectations. J.C.

As everyone has surely heard by now, Smith International (NYSE: SII) is rocketing higher to day on a rumor that Schlumberger will take it over. This is strictly rumor, but the stock is reacting swiftly and lightly to the upside, currently trading $37.76 up over 13% on the day. What is even more interesting is the options action in the name.

The March contracts in Smith International are simply on fire with $35 and $37 calls in plat, but the piece de résistance is the $40 calls, which have been bought on the offer over 15,500 times with NO open interest. Some large player is clearly thinking that, if a bid were to materialize, it would come in above $40.75.

Private equity firms are putting floatation candidates back in the box after receiving knock backs from angry fund managers, and will try again in a couple of years when they hope the market will be more receptive.  Full Article  NEW YORK (Reuters) - U.S. oilfield services leader...

Private equity firms are putting floatation candidates back in the box after receiving knock backs from angry fund managers, and will try again in a couple of years when they hope the market will be more receptive.  Full Article  NEW YORK (Reuters) - U.S. oilfield services leader...

Smith International (NYSE: SII) opened at $37.97. So far today, the stock has hit a low of $36.95 and a high of $38.03. SII is now trading at $37.52, up $4.17 (12.51%). Over the last 52 weeks the stock ...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)

We're big fans of adding connectivity to everything, from GPS systems to thermostats, but for every wireless connection there's a price, and figuring out who pays that price and how they pay it is a roadblock for enabling smart appliances and gadgets according to Accenture.

Heading into the North American open, WTI crude futures are trading higher on the back of a weaker USD and yesterday’s API report that showed a large drawdown in US distillate stockpiles. OPEC News OPEC Secretary General said OPEC seen keeping output steady at Dec 22 meeting.[More...]

Tenet Healthcare (THC: sentiment, chart, options) has been the center of some brisk options trading this morning, with more than 8,000 contracts crossing the tape...(Read More)

By James Kwak Jason Paez points out this Reuters story on the claim that new banking regulations will require an additional $221 billion of capital in the industry as a whole. I would take this a little more seriously if the source for the estimate were someone other than JPMorgan Chase, or even if there were a non-JPMorgan source to back it up.[More...]

NVIDIA (NASDAQ: NVDA) earned $0.23 per share in the fourth quarter of fiscal 2010, which consisted of the 14 weeks (one more than normal) that ended on 31 January 2010.  NVIDIA lost $0.27 per share in the same quarter of fiscal 2009.[More...]

Fourth Quarter 2009 Earnings Conference Call