The DJIA is off over 100 points, 136 points, to 12,686. The NASDAQ and S&P 500 are off by similar percentages. The carnage is particularly severe in a few sectors. ... Read Full Story »
Markets opened higher this morning following a lower-than-expected GDP growth estimate of 2.2%. That was weaker, but not awful (our coverage here). The consumer sentiment survey rose a couple of ... Read Full Story »
Clearwire Corporation (NASDAQ: CLWR) seems that it cannot win. A downgrade today is putting even more pressure on a pressured situation. The ties to Sprint Nextel Corporation (NYSE: S) are ... Read Full Story »
Foreclosure abuses likely occurred across the U.S. (Reuters) Apple’s (NASDAQ: AAPL) iPhone loses market share in China, based on Gartner data. (Reuters) Improved odds of a Greek bailout lift markets. ... Read Full Story »
Wednesday is a fairly busy day for earnings expectations. We are expecting the following reports: Abercrombie & Fitch Co. (NYSE: ANF); Agilent Technologies, Inc. (NYSE: A); Blue Nile Inc. (NASDAQ: NILE); ... Read Full Story »
All three major equity indexes opened lower this morning and while all have tracked back to last night’s close, only the Nasdaq Composite has managed to wobble to a small ... Read Full Story »
Prosecutors raid Olympus to gain data in a probe of the accounting scandal at the company. (Reuters) Bank of Japan says it will hold to current policies as the economy ... Read Full Story »
S&P’s threat of a downgrade of eurozone nations puts huge pressure on the region’s leaders. (Reuters) An independent panel that reviewed the financial activity of Olympus suggests legal action ... Read Full Story »
Auto sales reach a two-year high. (Reuters) Tom Glocer, the head of Thomson Reuters (NYSE: TRI), resigns and will be replaced by the COO. (Reuters) The intellectual property battle between ... Read Full Story »
Equity markets opened slightly lower this morning, following yesterday’s big share price increases. For most of the day stocks traded slightly lower, although they have moved to a very slight ... Read Full Story »
Sprint Nextel Corporation (NYSE: S) has decided not to leave Clearwire Corporation (NASDAQ: CLWR) in the dust. The two companies have had a history of tie-ups and the risk that ... Read Full Story »
To say that Sprint Nextel Corp. (NYSE: S) has had a tough go lately is an understatement. To even whisper the same thing about Clearwire Corp. (NASDAQ: CLWR) is a ... Read Full Story »
Updated throughout the day Clearwire (NASDAQ: CLWR) may skip a major bond payment to preseve cash (WSJ) UBS (NYSE: UBS) may cut its bonus pool. (FT) ... Read Full Story »
The supercommittee appears unlikely to settle on a deficit agreement. (Reuters) A senior Chinese official says he expects the global recession to last for some time. (Reuters) Spain’s center-right People’s ... Read Full Story »
Stocks got off on a positive note this morning, but resisted the temptation to climb based on a positive reading of the leading econonmic indicators and higher estimates of US ... Read Full Story »