The Fed is not done proposing, and perhaps implementing, radical plans to save the economy. The latest installment in the agency’s heroics is a program for to buy commercial paper from non-financial companies and…
Yesterday, a poll by CNN/Opinion Research Corp showed that six out of ten Americans believe that the US economy will sink into a depression. The people who conducted the survey made sure to define…
According to Reuters, Bank of America (BAC) reported weak earnings and cut its dividend. Reuters reports that Wells Fargo (WFC) and Citigroup (C) agreed to drop litigation for now and negotiate over a deal…
Markets in Asia were mixed and Europe opened higher. The Nikkei fell 3% to 10,156. Canon, a major exporter, fell. Honda (HMC) and Toyota (TM) were both down about 5%. Hong Kong was closed…
Dendreon Corp. (NASDAQ: DNDN) was an incredible performer today, and one which makes you wonder how well it would have done had the stock market not been so ugly. Its interim data from Phase…
S&P’s Index Group has announced that Calgon Carbon Corp. (NYSE: CCC) will replace Allscripts Healthcare Solutions Inc. (NASDAQ: MDRX) in the S&P Small Cap 600 after the close of trading on Friday.
Bank of America Corporation (NYSE: BAC) issued earnings early and simultaneously announced new capital raising and preservation initiatives. The banking giant said that quarterly net income was $1.18 billion, or $0.15 per share. The…
Today’s massive market selling abated at the end of the day. This really depends on what you call "rumors" and what you call "hope", but the talk today in the afternoon is around coordinated…
American Express (NYSE: AXP), whose stock is trading at 5-year lows, today tried to reassure Wall Street about its financial situation. It said that this year it has increased its surplus capital above normal…
Ford (F) may have cut costs to the point where the company cannot even operate properly anymore, the number of people in product development, management and marketing has gone so low. That still may…
Richard Fuld, Chairman & CEO of what is left of Lehman Brothers Holdings (LEHMQ) is currently testifying before the House Oversight Committee. Fuld’s answers and demeanor today may offer some valuable lessons for future…
Wachovia Corp. (NYSE: WB) shares were halted for "NEWS PENDING" because of an announcement coming out of Citigroup (NYSE: C). The Citi and Wells Fargo (NYSE: WFC) war may be heating up above and…
If the segment of tech which markets to large businesses was supposed to be one of the last bastions of earnings safety, it has just fallen. SAP (SAP), the second largest enterprise software company…
It’s no secret that share prices for big oil are down over the past 12 months. These oil giants have fallen sharply from highs when oil was in the $140’s per barrel. Exxon Mobil…
It appears that every stock in the market is being crushed, but that is not entirely so. Several companies in industries not likely to be badly by a deep recession are doing well, and…