The head of insurance regulation in NY State is busy as a bee trying to bail out Ambac (ABK) and MBIA (MBI). According to the FT "Eric Dinallo, the New ... Read Full Story »
McDonald's (MCD) last quarter results were undermined by slow same-store sales growth in the US. It only took the world's largest fast food chain a day to start to talk ... Read Full Story »
Lenovo, one of the two large Asian PC companies with Acer, will report earnings that are likely to double for the latest reported quarter. That probably won't happen at HP ... Read Full Story »
The economic stimulus package coming from Congress and the Administration may not be in effect until well into the second quarter. There is already news that the Senate and House ... Read Full Story »
According to Reuters, another Fed rate cut may stimulate the housing market.Reuters reports that profits at American Express (AXP) fell 10%.Reuters writes that McDonald's (MCD) will open 150 outlets in ... Read Full Story »
Markets in Asia were mostly higher.The Nikkei rose 3% to 13,749. Honda (HMC) was up 3.8% to 3,260. NEC was up 4.5% to 441.The Hang Seng rose 1% to 24,292. ... Read Full Story »