In recent weeks, American Express has announced that the Costco processing and co-brand partnership will end in 2016. The implication is that either MasterCard (MA-NYSE, $87.14) via its issuing partners, or Visa, through its issuing partners, will assume the contract…

Against a backdrop of the solid returns earned in 2014 by major American indexes and after reviewing a host of positive views issued by CEOS of multinational firms, with respect to the apparent health of their charges, it might be…

The Gnostic Capital Large Cap International Portfolio generated a return of 10.93%, net of all fees and expenses, for the fiscal year ended December 31, 2014. $1 million invested in the portfolio, at inception date of 07/08/2000 has grown to…

Tesoro Corp reported the fiscal results for Q3, 2014. On almost all fronts, operational performance nicely exceeded street consensus. According to representatives from the company on the conference call, other than a $74 million US mark-to-market gain on crude, operational…

Should TSO prove successful in acquiring CITGO, this will roughly double the size of the company. Citgo’s estimated EBITDA for 2014 may range from $1.7 billion to $2 billion. At an estimated purchase price of $10 billion, this would price…