The Federal Reserve’s most recent "beige book" is enough to frighten even the hearty and the brave. It may be one of the most pessimistic assessments of the economy to come out since the…
According to Reuters, Amazon (AMZN) earnings beat Wall St. forecasts. Reuters reports that Ford (F) wil keep its small pick-up plant open for two years.
Markets in Asia were mostly higher The Nikkei rose 2.1% to 13,603. Honda (HMC) rose 3.8% to 3840. KDDI rose 5.6% to 619000. The Hang Seng rose .8% to 23,326. China Life (LFC) rose…
Qualcomm Inc. (NASDAQ: QCOM) did come out with earnings after all, albeit quite late (very late if you’ve been here since 5:30 AM). The company posted non-GAAP EPS of $0.55 on revenues of $2.76…
On tonight’s MAD MONEY on CNBC, Jim Cramer came out talking up the aspects of General Electric Co. (NYSE: GE). Cramer discussed how it is winning in financial services while others are failing, noted…
MEMC Electronic Materials Inc. (NYSE: WFR) is a company that just can’t seem to get its act together. The stock is being crushed after its earnings report. It appears that the company "encountered unanticipated…
Baidu.com, Inc. (Nasdaq: BIDU) just posted its quarterly earnings report, and our conversions are into US Dollars rather than Chinese RMB. The Chinese internet search giant said operating income rose about 86% and showed…
The afternoon did not start well for Qualcomm (QCOM) The German Federal Patent Court ruled on Wednesday that the company’s GSM patent asserted in a case against the world’s top cellphone maker, Nokia (NOK),…
Shares of Amazon.com Inc. (NASDAQ: AMZN) ar responding favorably to its earnings announcement. The internet retail giant posted $0.37 EPS and $4.06 Billion in revenues versus estimates of $0.26 non-GAAP EPS on $3.96 Billion. …
Mirant (MIR) Downgrade from Lehman Brothers. Falls off to $30.90 from 52-week high of $44.61. Convergy (CVG) Good profits, but cuts forecast. Sells down to $12.69 from 52-week high of $24.30. A D C…
Genentech Inc. (NYSE: DNA) is running into some issues over the merger with Roche at $89.00 per share. Wall Street DOES expect this merger to close with Genentech becoming a subsidiary again rather than…
Bank of America Corporation (NYSE: BAC) just made key announcements regarding the dividend and the share buyback plans. It has just announced that it declared a regular quarterly dividend on common stock of $0.64…
After the close of trading today we’ll get earnings out of Amazon.com Inc.(NASDAQ: AMZN). The internet retail giant’s estimates from First Call are $0.26 non-GAAP EPS on $3.96 Billion. Estimates for next quarter are…
Anheuser-Busch Companies Inc. (NYSE: BUD) reported earnings today, and no one is paying attention because of the InBev merger at $70.00 making this earnings report essentially a non-event. But there are two issues coming…
Costco Wholesale Corp. (NASDAQ: COST) is taking a drumming this morning after it earnings warning. What is interesting is that if you overlay the customers of American Express, you essentially get a view of…