The TImes of London is reporting that eBay (EBAY), the US online auction giant, is being touted as a bidder for its smaller UK rival QXL Ricardo after the British ... Read Full Story »
Blue Nile (NILE) trading up almost 10% after earnings.CDC Corp.'s (CHINA) China.com subsidiar signed an advertising contract with Giant Interactive Group (GA), one of China's leading online game developers.Devon Energy ... Read Full Story »
Allstate (ALL) raised to Buy from Hold at Citigroup.Archer-Daniels Midland (ADM) raised to Neutral at Credit Suisse.Assured Guaranty (AGO) raised to Neutral at JPMorgan.Camden Property (CPT) raised to Outperform at ... Read Full Story »
General Motors Corp. (NYSE:GM) is trading down sharply after disclosing huge charges last night. The auto giant posted $43.1 Billion in quarterly revenues GM does note that ongoing challenges in ... Read Full Story »
General Motors Corp. (NYSE:GM) is trading down sharply after disclosing huge charges last night. The auto giant posted $43.1 Billion in quarterly revenues GM does note that ongoing challenges in ... Read Full Story »
The FT says that the "super-fund" to bail out financial instruments tied to mortgage-backed securities may be dead. Speaking about the fund to the paper: “As far as we can ... Read Full Story »
The term "perfect storm" is overused by writers who have no other way to describe a disaster. Leaving that aside, the news from the last day would appear to indicate ... Read Full Story »
Time Warner (TWX) announced that in the third quarter, Revenues rose 9% over the same period in 2006 to $11.7 billion, led by growth at the Cable, Filmed Entertainment and ... Read Full Story »
Just when it appeared that there could not be much more bad news in the financial sector, new information shows that there will be over $200 billion in broken buy-out ... Read Full Story »
Forget mortgage problems. The Wall Street Journal says that corporate debt is running into more trouble. The paper says that "Fitch Ratings says downgrades of corporate bonds rose in the ... Read Full Story »
Word was that Toyota (TM) was hurting. Sales in the US have not been robust and they have been falling in the company's home market of Japan. Car markets are ... Read Full Story »
Sales at Walmart.com have been doing well, and the head of the unit expects a robust holiday season. "Customers are still spending for the holidays. Halloween was very good for ... Read Full Story »
According to Reuters, profits rose 2.7% at Toyota (TM) and the company raised full-year forecasts.Reuters writes that GM (GM) will take a $39 billion non-cash charge in Q3Reuters reports that ... Read Full Story »
Markets in Asia were mixed. The Nikkei fell .9% to 16,097. Nissan was down 2.6% to 1260. Docomo (DCM) was up 1.7% to 177000. Yahoo Japan was down 2.4% to ... Read Full Story »