As if Citigroup Inc. (NYSE: C) had any real strength to its ratings, Moody’s has downgraded Citigroup’s senior debt. Interestingly, Moody’s says that this downgrade was moderated by the expecation that Citigroup will probably…
RIMM had already told Wall St. what to expect for the quarter. Two weeks ago the company forecast $.81 to $.83 per share, excluding one-time items, on sales of $2.75 billion to $2.78 billion…
Oracle Corp. (NASDAQ: ORCL) posted non-GAAP earnings of $0.34 EPS and $5.7 billion in revenue compared with First Call estimates of $0.34 EPS and $5.84 billion in sales. There is more data that impacted…
McClatchy Newspapers (MNI) Drops to $.98 as shareholder panic. The 52-week high is $13.31. Stone Energy (SGY) Cuts production view for quarter. Drops to $8.47 from 52-week high of $73.96. Nortel Networks (NT) falls…
Standard & Poor’s issued a report that is being taken a "downgrade-light" by many traders. S&P has revised its outlook on General Electric Co. (NYSE: GE) and units including GE Capital Corp. to negative…
What appears to be a wave of panic-driven selling is taking shares in newspaper chain McClatchy (MNI) down 26% to a new multi-year low of $1.10. The stock has a 52-week high of $13.31.…
Alliant Energy Corp. (NYSE:LNT) this morning released financial guidance for 2009. The company also noted that it has reached an agreement with the state of Wisconsin on a rate case settlement that will keep…
After the close of trading today, Larry Ellison & Co. is set to report earnings for Oracle Corp. (NASDAQ: ORCL). Thomson Reuters (First Call) has earnings estimates of $0.34 EPS on $5.84 billion in…
Research in Motion Ltd. (NASDAQ: RIMM) is set to report earnings at the close today. The Blackberry smartphone maker is expected to post earnings (from First Call, Thomson Reuters) at $0.83 EPS and $2.82…
Credit rating agencies and stock analysts have the habit of stating the obvious after the obvious is obvious to everyone else. S&P cut its price target on GM (GM) today. A bit later, the…
SRI Consulting published a new report on producing crude oil from western Canada’s oil sands deposits. The report concludes that "with rational engineering and prudent business decision making, grass roots tar sands projects should…
Citing unavailability of credit to "some solar customers," MEMC Electronic Materials, Inc. (NYSE:WFR) lowered its fourth quarter 2008 revenue guidance from $500 million to $400-$425 million. The company also projects that gross margins will…
SIRIUS XM Radio Inc. (NASDAQ: SIRI) has its annual meeting of stockholders today, and the company is out with some updated information which will be as important as ever to its burned stockholders. We…
Goldman Sachs has come out with a new financial sector outlook for 2009, and much of how you receive it will depend whether you see things as"half empty" or "half full." It is not…
One of the few Charter Communications Inc.(CHTR) bulls is turning as the company looks headed for bankruptcy. Analysts at Pali Research downgraded the stock today from Buy to Neutral, citing the massive debt load.…