McDonald’s (MCD) may be raising the prices on its "Happy Meals" and offering less attractive "Dollar Menus" None of that seems to matter. In July, same-store sales moved up 8%. Sales at worldwide restaurants…
Why should Freddie Mac (FRE), the big banks and large brokerage firms have all the fun losing billions of dollars. Fannie Mae crashed the party today by announcing mind-boggling losses and cutting its dividend.…
After Wal-Mart (WMT) announced its outstanding June numbers, Wall St. said the company was actually “recession proof”. Consumers, beat down by high gas and commodities prices, could turn to Wal-Mart to get relatively high…
Ambac Financial (ABK) Cut To Underweight at JPMorgan. Ann Talor (AMM) Cut to Market Perform at FBR Bank of America (BAC) Cut to Neutral at UBS FEMSA (FMX) Cut to Equal Weight at Morgan…
Apple (APPL) Started as Outperform at Credit Suisse Dell (DELL) Started as Outperform at Credit Suisse. EMC (EMC) Started as Outperform at Credit Suisse
The sun can never set on a day before some large multinational company says that its future is in China. Why should Nokia (NOK) be an exception? Nokia management opines that, even though 600…
Boeing (BA) has already suffered the ignominy of three delays in the launch of its new Dreamliner jet. The tardiness of the project will cost the company revenue, at least in the next year.…
Based on GDP figures and June numbers out of retailers including Wal-Mart (WMT), the tax rebate program helped the economy for about 30 days. July retail numbers seem to show that the effect did…
The safe-house for money center banks closed and locked its doors long ago. The mortgage-related paper crisis rolls on like a mighty river and its latest victim is RBS (RBS). But, victim is the…
With oil down to about $120 a barrel it is easy to forget that the dynamics of supply and demand still favor higher prices. That may not be true today, but it will not…
According to Reuters, RBS (RBS) had $1.35 billion loss due to write-downs. Reuters reports that Google (GOOG) says its investment in AOL may be impaired. Reuters writes that Citigroup (C) and Merrill Lynch (MER)…
Markets in Asia were mixed with Shanghai off sharply. The Nikkei rose .3% to 13,168. Mazda was up 2.6% to 589. Sharp was off 1.5% to 1430. The Hang Seng fell 1.2% to 21,837.…
Now that Citigroup (C) and Merrill Lynch (MER) have announced that they will buy back auction-rate securities sold to their private clients, the question arises about how financial companies with weaker balance sheets will…
Merrill Lynch (MER), pole-axed by the Citigroup (C) decision to buy back all of the auction-rate securities it has sold to individual investors, buckled and said it will purchase up to $12 billion of…
All companies gain or lose their largest holders at some point, and today the arrow stopped on EDGAR Online Inc. (NASDAQ: EDGR). Edgar Online lost its largest shareholder yesterday according to an SEC filing…