Wall St. was not in love with ebay’s (EBAY) earnings. They were outstanding, but the company’s forecasts were light. According to The Wall Street Journal, "In the second quarter, eBay’s faster-growing online payments, classifieds…
A recession cannot exist without two consecutive quarters of negative GDP growth. It is right there in every economics textbook. China may be a bit different and may show that the definition of "recession"…
According to Reuters, the FBI is probing IndyMac (IMB) for possible fraud. Reuters reports that Ebay’s (EBAY) outlook knocked its shares down. Reuteres writes that Merrill Lynch (MER) will sell its Bloomberg stake for…
Markets in Asia were mixed. The Nikkei was up 1% to 12,888. Japan Airlines was up 4.3% to 221.Japan Tobacco was up 3.5% to 443000. The Hang Seng rose 2.5% to 21,755. China Life…
The ongoing Yahoo! Inc. (NASDAQ: YHOO) merger saga with Microsoft (NASDAQ: MSFT) or its potential sidebar deal with Google Inc. (NASDAQ: GOOG) and the fight with Carl Icahn has been covered about every which…
Rite Aid Corp. (NYSE: RAD) has been in trouble and its perpetual turnaround has been elusive or just short-lived at best with shares having slid more than 80% from 52-week highs. You wouldn’t know…
Yum! Brands Inc. (NYSE: YUM) just posted earnings and the fast food giant posted $0.45 EPS on $2.65 Billion in revenues (after $330 million in license fees). First Call had estimates at $0.42 EPS…
We just got earnings out of online auction giant eBay Inc. (NASDAQ: EBAY). The company posted $0.43 EPS (non-GAAP) and $2.2 Billion in revenues, which compares to First Call estimates of $0.41 EPS on…
According to CNBC, Merrill Lynch (MER) will sell its share in Bloomberg to trust holding Bloomberg ownership for $4.5 billion. The same reports says that Merrill will not sell its piece of Blackrock (BLK)…
Seagate (STX) Misses numbers and gets pounded. Down to $14.27 from 52-week high of $28.91. Gannett (GCI) Advertising revenue falling fast. Drops to $14.62 from 52-week high of $55.37. Gatehouse (GHS) Another big newspaper…
If you love to review the totality and formal minutes you can see the full release of the JUNE FOMC MINUTES for the meeting adjourned on June 25. Here are some of our own…
We have seen the launch today on the NASDAQ of the WisdomTree Middle East Dividend Fund(NASDAQ: GULF). WisdomTree (PinkSheets: WSDT) is the manager of the index and the ETF. The WisdomTree Middle East Dividend…
This week was the launch of a new ETF called Market Vectors-Africa Index ETF (NYSE: AFK) for US investors looking to place investments in Africa. We have covered this section of emerging markets and…
Royal Dutch Shell plc (NYSE: RDS-B) and Iogen Corporation announced Tuesday an extended commercial alliance that will accelerate their development and deployment of cellulosic ethanol. This includes a significant investment by Shell in technology…
Even though the market expects poor results from newpaper companies, the actual results can come as a shock. Gannett (GCI) is off over 5% to a 52-week low of $15.93 on poor numbers. GCI…