Thursday Morning Links: Oasis Reported 7 Wells; Several Good Ones; Judge Rules For Martha Stewart

Judge finds for Martha Stewart in Macy's Case

Chesapeake shareholder suit dismissed 

Wells that came off the confidential list Wednesday have been posted. KOG has a gusher.

Wells that came off the confidential list Thursday have been reported. OXY USA has quite a well. Oasis had a number of good wells.

Active rigs: 190 (steady, relative high since the intra-boom low)

Jobs report: jobless claims drop an astounding 42,000. Last month's huge rise was simply an anomaly. Happy days are here again. Futures will edge up.

RBN Energy: California crude-by-rail terminals.

Two great economic stories:

• Housing juggernaut seen spurring 500,000 new US workers -- Bloomberg.
• China's March auto sales up 13% -- AP.

WSJ Links

Section D (Personal Journal): 

• Smile: It's Thursday in Augusta

Section C (Money & Investing): 

• Corn futures rise on corn report. Didn't we just read yesterday corn would be in the doldrums? 
• OXY Plus would shake big oil.
• T-Mobile upsets the Apple cart, heard on the street. T-Mobile will require no contract and will sell the iPhone for $100 (full retail, $580). The monthly bill will be an additional $20 until the phone is paid off. Teenagers and low-income folks (and maybe me) will love this. I have to check the data plans and the national coverage. I still prefer my Sprint non-smart phone. 

Section B (Marketplace):

• PC sales in free fall. I saw this report yesterday at an Apple site. It's a huge story. Must read. It is truly amazing how Apple's iPhone and iPad changed everything.
• Obama may sell TVA. Okay. 
• I might come back to this. There's a story here. McDonald's tackles 'broken' service.
• Daimler finds luxury blues; European recession hurting Daimler.
• Conoco halts Arctic drilling plans; linked, reported yesterday.
• North Dakota undergoes refining renaissance; reported yesterday; 
• How's the Surface doing? Haven't heard, but Microsoft will introduce 7-inch tablet later this year. This would be Microsoft's first tablet unless you consider the Surface a tablet. It isn't.

Section A:

• Obama makes budget gamble; throws grandma under the bus. No link; story everywhere. Budget proposal DOA. Like most presidential budget proposals. 
• Post Office won't end Saturday mail service. Ever.
• Does anyone know if North Korea was able ever to get a missile launched overnight?