Markets in Europe were lower at 5.55 AM New York time.The FTSE was down .2% to 6,195. Barclays was down .3% to 743.5. BP was up .4% to 538.5. British ... Read Full Story »
Sandisk (SNDK) provides a lot of the guts for Sony-Ericsson (SNE)(ERIC) phones. And, Sony-Ericsson seems unstoppable in the handset market. Its net profit tripled in Q4. Most of Sony-Ericsson's strength ... Read Full Story »
McDonald's (MCD) has cut a deal in China to build drive thru restaurants at Sinopec petrol stations. The company has 30,000 gas stations, but some are probably small and don't ... Read Full Story »
At this point, Big Telecom will do almost anything to keep cable companies from taking more of their phone customers. The latest idea from AT&T is to let its cellphone ... Read Full Story »
Wall St. players who think oil is headed back to $70 are running out of arguments. Recently, T. Boone Pickens, who made a fortune on rising oil last year, repeated ... Read Full Story »
Stocks: (CAJ)(FUJ)(HIT)(HMC)(NIPNY)(SNE)(TM)(CHL)(CN)(PCW)(HBC)Markets in Asia were narrowly mixed.The Nikkei fell .4% to 17,310. Bridgestone fell .2% to 2615. Canon fell .8% to 6440. Fuji Film fell 1% to 4720. Hitachi fell ... Read Full Story »
According to Reuters, the Fed is still concerned about a rise in inflation.Reuters writes that IBM's (IBM) profits rose fueled by services revenue, but its shares were pounded after hours.Reuters ... Read Full Story »
By Yaser Anwar, CSC of Equity Investment AdvisorsIBM posted revenues of $26.3 billion beating The Street’s $25.7 billion. IBM's results benefited from an improvement in margins, enabled by cost cutting ... Read Full Story »
From Ticker SenseBelow is a list of the Russell 3000 stocks that are currently trading the furthest above and below their 50-day moving averages. After a rough earnings report yesterday, ... Read Full Story »
From Ticker SenseWith the market taking a slight turn for the worse over the last two days, even as oil trades with a 40 handle, we thought it would be ... Read Full Story »
By William Trent, CFA of Stock Market BeatJust yesterday we reiterated our concern that the prices for PCs have gotten so low that DELL’s world-famous direct selling model is no ... Read Full Story »
By Willaim Trent, CFA of Stock Market BeatSemiconductor stocks, as reflected by the Semiconductor HOLDRS (SMH) ETF, were down nearly 4% yesterday following disappointing news from equipment maker LAM Research ... Read Full Story »
From AAO WeblogLittle Biophan Technologies (current market cap: $45 million) posted one of the more quirky non-reliance 8-Ks in recent history. The quirk is in the effect of the restatement ... Read Full Story »
By Vitaliy KatsenelsonT. Boone Pickens knows oil better than most people out there, definitely better than me. However, his calling into CNBC seemed like a desperate attempt to influence oil ... Read Full Story »