Sen. Charles Schumer seems to have his nose everywhere, whether it belongs or not. Yesterday, he called for the SEC to investigate Countrywide (CFC) along with its CEO CEO Angelo ... Read Full Story »
Several banks with troubled fixed income and mortgage securities are making the rounds to raise $80 billion to $100 billion to build a fund to buy some of this distressed ... Read Full Story »
AMD (AMD) had another big quarterly loss. But, it was not as large as in Q2 and gross margins improved a bit. Maybe the chip price wars are ending and ... Read Full Story »
Google (GOOG) has made believers out of everyone. It is worth every penny of its $640 share price. According to a survey by Barron's, several large firms including Credit Suisse ... Read Full Story »
According to Reuters, Google's (GOOG) quarterly profit rose 46%.Reuters writes that Warren Buffett has sold his entire stake in PetroChina (PTR)Reuters writes that Microsoft (MSFT) says that its may make ... Read Full Story »
Markets in Asia were mixed and Hong Kong was closed for a holiday.The Nikkei fell 1.7% to 16,814. Kobe Stell fell 3.7% to 422. Sony (SNE) fell 2% to 5320. ... Read Full Story »