Noble Corporation Chairman and CEO David Williams believes that uncertainty in the Gulf of Mexico will continue to impact the offshore drilling industry for some time to come. Mr. Williams, speaking today at the Barclays Capital Energy and Power Conference ...
Hewlett-Packard is facing sharp criticism from one of its rivals regarding the company's strategy for investing in research and development. In a very candid interview with The Wall Street Journal, IBM Chief Executive Samuel Palmisano claimed that HP has little ...
Munich Re has announced plans to introduce insurance products designed to address the large losses that can arise from major events such as the Deepwater Horizon disaster. The insurer hopes to introduce coverage levels of about $10 billion to $20 ...
Microsoft shares were sharply higher in late trading today after Bloomberg reported that the company is planning to sell debt this year to pay for dividends and share repurchases. Why would a company with nearly $37 billion in cash on ...
Hewlett-Packard's Board of Directors has yet to name a permanent CEO to replace Mark Hurd but is set to seal the deal on the company's second major acquisition in less than one month. According to a press release issued this ...
Microsoft announced a global beta of Microsoft Dynamics CRM 2011 today and appears to be heavily promoting the cloud capabilities of the new version. In our recent article presenting the investment case for Microsoft, we pointed out that cloud computing ...
The Value Investing Congress has just announced that Francisco Paramès of Bestinver Asset Management will speak at the New York City Value Investing Congress scheduled for October 12 and 13. According to John Schwartz, co-founder of the Value Investing Congress, ...
Barron's has published a brief article making a bullish case for Noble Corporation. Jay Palmer, writing for Barron's, believes that Noble is well positioned for a world in which deepwater drilling will account for a growing share of production as ...
The Financial Times reports that Lloyd's of London insurers and reinsurers are nervously watching the progress of Hurricane Earl as it moves along the East Coast. The hurricane is the most threatening to the East Coast since Hurricane Bob brushed ...
In a wide ranging discussion this morning on CNBC, Whitney Tilson provides his views regarding the overall valuation of large capitalization stocks compared to bonds and comments on several specific companies including Johnson & Johnson, Microsoft, and Berkshire Hathaway. We ...
The month of August has been eventful for shareholders of Hewlett-Packard starting with CEO Mark Hurd's forced resignation amid charges of financial misconduct and ending with a classic takeover battle for 3Par, a small and unprofitable data storage company specializing ...
Prem Watsa, Chairman and CEO of Fairfax Financial, has made a bold bet on falling prices over the next decade according to an article in The Wall Street Journal. Fairfax Financial is an insurance company based in Canada which many ...
BYD has encountered a few rough patches lately with cuts to its sales target for 2010 and second quarter profits that were significantly below consensus estimates. These developments have resulted in a sharp drop in BYD’s share price with the ...
Who would want to purchase a bond that will not mature until years after any purchaser is long dead? This is the question many are asking with the new interest in "century bonds" sparked by yesterday's $250 million reopening of ...
Bill Ackman recently agreed to speak at the 6th annual New York Value Investing Congress which will take place on October 12 and 13. Mr. Ackman is one of most closely followed value investors and has built a very impressive ...
In a press release today, Contango Oil & Gas Company announced an updated capital expenditure budget of $85 million for the fiscal year ending June 30, 2011. The company plans to drill four wildcat exploration wells in the Gulf of ...
General Motors took the first step toward a new public offering last week with the filing of a massive Form S-1 with the SEC. While exact terms of the offering are not known yet, Barron’s has estimated that the IPO ...
The Rational Walk will be on a mid-summer hiatus until August 23. In the four weeks since the site redesign, average daily traffic on The Rational Walk has more than doubled which definitely exceeded expectations. Since we have many new ...
Noble Corporation predicts that additional capital expenditures necessary to comply with new regulations for drilling in the Gulf of Mexico should not exceed $10 million per rig. In the company's second quarter 10-Q report filed with the SEC yesterday, management ...
In a presentation released today, Contango Oil & Gas Company CEO Ken Peak provides more details regarding his view of the situation unfolding in the Gulf of Mexico. We have commented on Contango Oil & Gas in the past and ...