State Street Corporation (NYSE: STT) has announced that its State Street Global Advisors unit is launching 10 new SPDR exchange-traded funds, which are supposed to begin trading on the American Stock Exchange today: SPDR(R)…
Since 2006, 24/7 Wall St. has scrutinized public companies on a regular basis, focusing on those with poor management and has suggested which big company CEOs needed to be replaced. Hector Ruiz of AMD…
Caterpillar (CAT) said second-quarter net income rose 34% to $1.1 billion, or $1.74 a share, from $823 million, or $1.24 a share in the year-ago period, on strength in its overseas business.
As it announced earnings, Wachovia (WB) told the market that it would have to nearly destroy itself to make a comeback.
These are ten of the early bird analyst calls we are seeing this Tuesday morning with over 2 hours to the open: ArthroCare Corp. (NASDAQ: ARTC) Cut to Market Perform at William Blair. Assured…
One of the most odd piece of financial news so far this year is that the federal government is sending in some of its accounting experts to see what the books of Fannie Mae…
Europeans must want to eat a lot of fatty food and get heavy like many Americans are. McDonald’s (MCD) will probably pick up a big chunk of its Q2 earnings out of the EU.…
While Wall St. was fixated on Apple’s (AAPL) numbers and the health outlook for Steve Jobs, American Express (AXP) slipped through the side door with some frightening numbers. Apple’s earnings said something about the…
Share of large China-based PC company Lenovo were downgraded overnight. According to Reuters, "JP Morgan downgraded Lenovo to neutral from overweight due to a near-term slowdown in revenue growth from weak China demand and…
Ford (F) and GM (GM) are each announcing new plans to save themselves from the earnings garbage bin and give their shareholders some needed hope. It is awfully late to get started.
According to Reuters, Apple (AAPL) missed Wall St. expectations, sending the stock down by 10%. Reuters reports that American Express (AXP) profits fell on credit losses.
Markets in Asia were mostly higher The Nikkei rose 3% to 13,185. Canon was up 4.3% to 5,150. Honda (HMC) was up 5.3% to 4600. The Hang Seng moved higher by .6% to 22,675.…
Brocade Communications Systems Inc. (NASDAQ: BRCD) has announced an agreement to acquire Foundry Networks, Inc. (NASDAQ: FDRY). Brocade will pay a combination of $18.50 of cash plus 0.0907 shares of Brocade common stock in…
Merck & Co. (NYSE: MRK) posted earnings that look pretty good on the surface. The problem is that the surface is about the only thing that looked appealing for the drug giant today. Merck…
Wall St. expected Texas Instruments (TXN) to post earnings of 45 cents a share on revenue of $3.39 billion, according to a survey by FactSet Research. But, TXN came in with secondquarter revenue of…