A number of analysts believe that there can be no recovery in bank earnings and share prices as long as the housing market is troubled. If that opinion is right, new foreclosure data paints…
China now has more people online than the US, 253 million to be exact. The China Internet Network Information Center says that the number of internet users was up 56% from June last year.…
When the Chinese government pushed its retail union into Wal-Mart (WMT) two years ago, the world’s largest retailer should have figured that it was only the beginning of trouble. Now labor has forced an…
According to Reuters, Microsoft (MSFT) backed its internet spending plan and said it was done with negotiations with Yahoo! (YHOO). Reuters reports that the CFO of Wachovia (WB) is leaving.
Markets in Asia fell sharply. The Nikkei was down 2% to 13,335. Canon was down 4.9% to 5100. Mazda was down 5% to 527. Sony (SBE) was down 4.2% to 4360. The Hang Seng…
Regulators may be trying to keep short sellers out of a few financial stocks, but that is not keeping large bets against most other stocks from rising. While some of the shorts may have…
Crocs, Inc. (NASDAQ: CROX) just joined the category of stocks that the old term of "S.N.A.F.U." would apply to. The maker of the faddish and notoriously ugly shoes came out warned for the quarter…
We just got earnings out of Wynn Resorts Ltd. (NASDAQ: WYNN). The ultra-high-end casino operator posted non-GAAP EPS of $1.11 on revenues of $825.2 million (after a 50% gain in Macau revenues). Estimates from…
Baker Hughes Incorporated (NYSE: BHI) has decided to release some of its cash as a reward for its shareholders. The company has just jacked up its dividend to $0.15 per share, up about…
MEMC Electronic Materials (WFR) Results miss Wall St. forecasts. Falls to $41.58 from 52-week high of $96.08. Chipotle Mexican Grill (CMG) Analyst downgrades. Shares off to $67.26 from 52-week high of $155.49. Titanium Metals…
Very shortly after today’s close we are going to get a good glimmer into the overall health of casino stocks as Wynn Resorts Ltd. (NASDAQ: WYNN) is going to be opening its back office…
Level 3 Communications Inc. (NASDAQ: LVLT) is seeing shares under pressure today after its quarterly earnings report. What is interesting is that nothing has really changed on the micro-level since the stock was much…
Bill Gross of Pimco, perhaps the most famous bond investor in the world, says that bank write-offs for mortgage-related paper are far from over. In a note today he said "PIMCO estimates a total…
E*Trade (ETFC) had a bad quarter, in large part due to provisions for loan losses of $319 million. The company posted a net loss for the quarter of $119 million against a profit of…
Before today’s opening bell, four players in the oil patch released their second quarter numbers. Suncor (NYSE:SU), Enterprise Products Partners (NYSE:EPD), EnCana (NYSE:ECA), and Smith International (NYSE:SII) all posted good numbers, but the outlook…