A stock market that sells off eight of nine days is not a good market. Even the Facebook IPO is being viewed as a one-off item rather than a systemic ... Read Full Story »
The energy sector saw a lot of activity from short sellers in April, but other stocks saw some action as well. We’ve already covered some of the bigger names here ... Read Full Story »
Sony (NYSE: SNE) says it will return to profit and will cut its TV unit losses in half. (Reuters) Cisco Systems (NASDAQ: CSCO) warns about the economy as it releases ... Read Full Story »
Blame whatever you want. A weaker U.S. economy, a weakening and flailing Europe, a move to socialism in France and Greece, a weaker BRIC and emerging market story, commodity prices ... Read Full Story »
Moody’s warns that Japan’s finances will be hurt if it cannot get acceptance of a new sales tax. (Reuters) New Chinese factory data indicate that the industry’s activity may have ... Read Full Story »
The major US stock indexes opened flat this morning but started to move higher following the better-than-expected ISM report on manufacturing (our coverage here). Construction spending in the US was ... Read Full Story »
Canaccord maintains its buy rating on Hologic (NASDAQ: HOLX) after it announced a buyout of Gen-Probe for $3.7. Canaccord also reiterated its buy rating on Watson Pharmaceuticals (WPI: NYSE) Goldman Sachs upgraded Community Health ... Read Full Story »
The major US stock indexes opened slightly lower this morning and continued drifting lower all day. The Chicago PMI report got the day started on the wrong foot, showing a ... Read Full Story »
Amylin Pharmaceuticals, Inc. (NASDAQ: AMLN) is supposed to be acquired by a larger drug company. It is one of the biggest public merger rumors out there. At least that is the belief ... Read Full Story »
How many DJIA components can raise their dividend in one week? Johnson & Johnson (NYSE: JNJ) answered that question as "Who knows, but we can make it one more!" J&J ... Read Full Story »
Dividends have continued to rise. Better yet, they are expected to keep rising for the rest of the year. A study from Dow Jones Indexes showed a rise of almost ... Read Full Story »
Nestle to buy Pfizer’s (NYSE: PFE) baby food operation for $11.9 billion. (Reuters) China’s factory output rises slightly in March, but still not at levels of expansion. (Reuters) Vodafone (NASDAQ: ... Read Full Story »
Pfizer (NYSE: PFE) wanted out of the baby nutrition business and found a ready buyer for the division that owns its operations in that industry. There has been a rumor that ... Read Full Story »
Citigroup (NYSE: C) losses an investor vote on executive compensation. (Reuters) Many experts say Spain cannot avoid a bailout. (Reuters) Nestle is close to a deal to buy Pfizer’s (NYSE: ... Read Full Story »
The CEO of Chrysler said he took no pay in 2011 and that, based on financial results, the company is now worth $7.5 billion. (Reuters) The Treasury will sell $6 ... Read Full Story »