These are some of the top Pre-Market analyst upgrades on Wall Street this Tuesday morning:
Jon C. Ogg
January 20, 2009
These are some of the top pre-market analyst downgrades on Wall Street this Tuesday morning:
Jon C. Ogg
January 20, 2009
Russia has begun to ship gas to Europe through the Ukraine again. The dispute over whether Ukraine firm Naftogaz was siphoning fuel is now over, at least for now.
Russia faces a significant threat to its economy, one that is making the country progressively more poor with each passing day. With the price of oil falling, the value of the nation’s most valuable export is evaporating. The Russian government is having to provide financial aid to large companies inside the country, but it is not clear how long that will last. The government’s financial reserve are not endless.
The airline industry keeps drawing the short straw.
A year ago, the carriers were being pounded by high jet fuel price due to rocketing crude. Now the price of oil is down by 75%, and the cost of flying a plane is dropping.
IBM (IBM) has become a target of antitrust regulators in the European Union. Several media sources say that a US company called T3 Technologies claims that IBM refused to offer its software on IBM hardware.
At almost the same moment, the antitrust watchdogs in Europe are after Microsoft (MSFT) again. The officials have an old concern, which is that Redmond gets market share for its Internet Explorer web browser by packaging it with other Microsoft software. If IE was not bleeding market share to competing products, that charge might make sense.
The New York Times will probably not be writing a piece on the fact that Carlos Slim has occasionally been accused of creating his great wealth in part because he has been "close" to Mexican presidents and other high officials.
In the US, he would be a perfect target for investigative reporters curious about the ongoing relationships between the very rich and the very powerful politicians who make and enforce the laws.
According to Reuters, Chrysler and Fiat in are in talks about a possible partnership.
Reuters reports that Carlos Slim will invest $250 million in The New York Times.
Reuters writes that China is weighing caution in the shadow of the US.
Reuters writes that RBS (RBS) had a record loss and its shares were pummeled.
Markets In Asia were mostly lower.
The Nikkei fell 2.3% to 8,066.
The Hang Seng was off 2.6% to 12,993.
The Shanghai Composite rose .4% to 1.994/
At the open in Europe, the FTSE was down .4%. The Dax was down .1% to 4,314 and the CAC 40 was up .1% to 2,003.
Data from Reuters and MarketWatch
Douglas A. McIntyre
| Today’s top tickerspy Indexes | |
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