Bad news doesn’t surprise anyone any more, especially in the bio-refining business. Shareholder value in ethanol companies has all but evaporated. Now, we get news of a biodiesel plant going on the auction block.…
The recession has touched almost everything in the world from employment, to prices, to GDP growth to housing. Even China is seeing its economy slow. In the US, this downturn may be the worst…
Moody’s Investors Service downgraded the long-term senior debt ratings of Goldman Sachs Group Inc. (NYSE: GS) to A1 from Aa3, excluding FDIC-guaranteed debt. The Aa3 deposit ratings of Goldman Sachs’ banking subsidiaries and all…
There have been several research calls in the potash, agriculture, and fertilizer sector this morning which have pushed stocks higher. Agrium Inc. (NYSE: AGU), Mosaic Co. (NYSE: MOS), Terra Industries Inc. (NYSE: TRA), Intrepid…
Baidu.com Inc. (NASDAQ: BIDU) may finally be catching another break after so much trouble. The Chinese internet search leader has been raised to the Conviction Buy List at Goldman Sachs this morning with a…
RadioShack Corporation (NYSE: RSH) announced that it closed on a a stock purchase agreement yesterday that its subsidiaries Tandy International Corporation and ITC Services, Inc. entered into with Grupo Gigante, S.A.B. de C.V. in…
Consumer prices dropped so much in November that goods and services are almost free. Energy prices were down 17%, lead by the falling price of gas. The Consumer Price Index dropped 1.7% after falling…
Imagine a wide loss being considered a win. That is partly the case at Goldman Sachs Group, Inc. (NYSE: GS) This morning. The former "Golden Slacks" posted a loss of $4.97 EPS for the…
These are some of the top analyst upgrades and positive research calls we have seen from Wall Street this Tuesday morning: Brookfield Asset Management (BAM) Started as Buy at TD. Cephalon (CEPH) Started as…
These are some of the key analyst downgrades and negative calls we have seen this Tuesday morning: ADTRAN (ADTN) Cut to Neutral at Baird. Allianz (AZ) Started as Underperform at Jefferies. Cypress Semi (CY)…
The car czar is a joke, a way to get a few billion dollars to GM (GM) and Chrysler while they move their companies in better shape for Chapter 11 filings. The two car…
Despite all the capital the Treasury has put into large US banks, their stocks may be about to make new multi-year lows. While the housing market is still hurting their derivative holdings, consumer credit…
Over the last decade or more no company has been more meticulous about its earnings forecasts than GE (GE). The conglomerate even talks freely about its prospects between its quarterly conference calls and occasional…
The news about what will happen to retail spending ends at December 31. All of the analysis is focused on the period from November 1 to the end of the year. So far the…
The recession has caused so much panic among Americans that it has addled their minds. According to a new poll from The Washington Post and ABC News, most citizens do not favor a bailout…