Apparently labor costs throughout Latin America are getting too pricey, if you can believe it. Hanesbrands Inc. (NYSE: HBI) is updating its "consolidation and globalization cost-reduction strategy." While this includes increasing production in Asia,…
Fed Chairman Ben Bernanke sounded more confident today in his presentation to the Joint Economic Committee in Washington D.C. It seems as though he did not want to repeat the mistakes he made yesterday…
CONSOL Energy (NYSE:CNX) announced a dramatic change in its guidance for the third quarter. Production is expected reach just 15 million tons, well below even the low estimate of 16.4 million tons in previous…
For months we have been under the potential disaster scenario where solar tax credits were going to expire and end at the end of 2008. Despite the calls for energy independence and a move…
Level 3 Communications Inc. (NASDAQ: LVLT) has registered shares for sale by affiliates of Merrill Lynch (NYSE: MER). This relates to potential offers and sales by Merrill Lynch International of as many as 23…
Billionaire and esteemed investor Warren Buffett has made a major move. Berkshire Hathaway Inc. (NYSE: BRK-A) is investing some $5 billion in Goldman Sachs Group Inc. (NYSE: GS). His stake is in preferred stock…
These are some of the analyst upgrades and positive calls coming from Wall Street this Wednesday morning with more than two hours to the open: Alvarion (ALVR) Started as Buy at Deutsche Bank. AmBev…
These are some of the analyst downgrades and negative calls coming from Wall Street this Wednesday morning: BB&T (BBT) Cut to Underperform at FBR. Chubb (CB) Cut to Underweight at JPMorgan. DealerTrack (TRAK) Cut…
VirnetX Holding Corporation (AMEX: VHC) has filed to sell up to $30 million worth of common stock in a secondary offering. Cowen and Company, LLC is the lead placement agent and Craig-Hallum Capital Group…
The populist notion that has come out during the current Capitol Hill hearings on the Paulson plan is that part of the $700 billion rescue package should go directly to the homeowners who are…
By John Tamny, RealClearMarkets It’s in many ways a distant memory now, but on June 25, 2002 the communications firm Worldcom failed. The day is presently notable because Worldcom’s failure insured the passage of…
The FBI has started to look into the collapse of Fannie Mae (FNM), Freddie Mac (FRE), Lehman, and AIG (AIG). The agency is looking for fraud, the kind that was part of the Enron…
Goldman Sachs (GS) appears to be out of the woods of the credit crisis. It will take on the mantle of being a bank holding company. The Fed is likely to buy its toxic…
According to Reuters, Warren Buffett invested $5 billion in Goldman Sachs (GS). Reuters says that the Paulson bailout plan is being attacked in Congress. Reuters reports that Japanese banks, in trouble a decade ago,…
Markets in Asia were slightly higher. The Nikkei was up .2% to 12,225. Nomura rose more than 5%. Mitsubishi UFJ Financial Group was up over 4% after buying a stake in Morgan Stanley (MS).…