Apple (AAPL) Get Dragged Off Olympus
It must be hard for Apple (AAPL) to be dragged off the top of the hill. It has been there so long. Steve Jobs has been hailed as the best CEO in America. Apple…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 17More Madoffs To Come: The Heart Of Darkness Gets Legs
It is reasonable to wonder if Bernard Madoff was in his right mind. Was he ever aware that what he was doing was criminally and morally wrong? Any rational person would have known that…
Media Digest 12/16/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, retail sales will probably drop further after the holidays. Reuters reports that the shock waves of the Madoff scandal are spreading around the financial world. Reuters writes that the auto bailout…
Asia Markets And Europe Open 12/16/2008
Markets in Asis were mixed. The Nikkei fell 1.1% to 8,568. The Hang Seng rose .2% to 15,079. The Shanghai Composite was up .5% to 1,975. At the open in Europe, the FTSE fell…
Buffett Keeps Riding The Reading Railroad (BNI)
Burlington Northern Santa Fe Corp. (NYSE: BNI) does not have a new shareholder. But Warren Buffet’s Berkshire Hathaway Inc. (NYSE: BRK-A) did increase the size of the stake held in Burlington Northern. In another…
Who Ultimately Bails Out U.S. Government?
The Treasury Department and the Office of Management and Budget has now released the Fiscal Year 2008 Financial Report of the United States Government. As you’d guess, there are deficits, shortfalls, warnings, and maybe…
The 52-Week Low Club (HUN)(NT)(EK)(RCRC)
Huntsman (HUN) Merger deal falls apart. Drops to $2.82 from 52-week high of $25.74. Nortel Networks (NT) As company fights debt problems, Moody’s lowers earnings. Sells down to $.32 from 52-week high of $16.17.…
What If Goldman Sachs & Morgan Stanley Actually Make Money? (GS, MS)
This is a very important week for earnings from brokerage firms (or the new bank holding companies). Tomorrow morning we have earnings from Goldman Sachs Group (NYSE: GS) and on Wednesday morning we have…
AirShares: The New Carbon ETF, Sort Of (ASO)
There is a new ETF in town, or at least a vehicle that is like an ETF, and this one tracks carbon allowances. AirShares™ EU Carbon Allowances Fund (NYSE Arca: ASO) began trading on…
Homebuilders In Need Of Psychadelics
The news from the homebuilders isn’t looking any better. The NAHB sentiment survey in December came in matching the level of 9.0 in November. The association sees no improvement in the terms of sales…
A Little Good News for Chesapeake Energy (CHK, RRC, SWN, DVN)
In a bit of good news this morning for Chesapeake Energy Corporation (NYSE:CHK), the Deutsche Bank analyst who downgraded Range Resources Corporation (NYSE:RRC), Southwestern Energy Company (NYSE:SWN), and Devon Energy Corporation (NYSE:DVN) maintained Chesapeake…
CNX Gas Reports Large New Well (CXG)
CNX Gas Corporation (NYSE:CXG) reported this morning that it is producing 6.5 million cubic feet of natural gas production from a well in the Marcellus Shale. The well represents CNX’s highest daily production rate…
Facebook Is Dead
Putting advertising on social network websites like Facebook or News Corp (NWS) MySpace has never made sense. They claim to have tens of millions of "members", "users", "friends". Some of those people are doing…
Schwab (SCHW): More Bad News For Citigroup (C)
Schwab (SCHW) said that trades by its customers dropped 18% from October to November falling to "408.0 thousand", as the firm likes to put it. The market still seems volatile. All that moving around…
Energy Company Downgrades Hit E&P Companies (RRC, SWN, DVN)
News from the energy patch just keeps getting worse. Global consumption is down, consumer prices are down, and just about every company is reducing spending on exploration and production. This morning a Deutsche Bank…