The market took big dips in 2001 and 1987. One was due to a national catastrophe and another was focused on Wall St.’s impression that the market had run too far, too fast. The…
GM (GM) will try to save itself again. It may be too late. The company may already be in hospice The nation’s largest car company is considering dumping thousand of white collar workers and…
According to Reuters, NBC Universal and partners will by The Weather Channel for $3.5 billion. Reuters writes that Toyota (TM) will add solar panels to some of its Prius cars. Reuters writes that broken…
Markets in Asia were mostly higher. The Nikkei moved up .9% to 13,361. NEC was up 2.4% to 587. NTT (NTT) was down 2.5% to 527000. The Hang Seng rose 1.7% to 21,784. China…
For reasons that are impossible to explain, much of the mythology of the late 20th Century American CEO was placed Atlas-like on the shoulders of John Francis Welch, GE’s head man from 1981 to…
OPEC would still like its critics to believe that the level of its supply of oil to the world has nothing to do with crude prices. OPEC President Chakib Khelil still blames the dollar…
There are the 24/7 Wall St. odds that several companies will have to file for Chapter 11 between now and the end of the year. These will become a permanent part of the website…
By Google’s (GOOG) standards, YouTube was not a terribly expensive acquisition. The search company’s market cap is about $170 billion. It paid less than 1% of that for the world’s largest video site. But,…
Citigroup (C) may be facing another $8 billion in write-downs in the second quarter. It may also cut 18,000 people soon and have to raise more capital. According to The Times, "Although Citi has…
Europe’s banks need to head back out on the fund-raising circuit. They may have to bring in as much as $141 billion, according to Goldman Sachs. Reuters writes that this capital will be necessary…
We saw another exciting week full of news for key developments in drug stocks, biotech stocks, medical device stocks, and other companies involved in various aspects of health care and medicine. Below are some…
Twelve thousand souls are losing their jobs at Starbucks (SBUX), mostly because Howard Schultz let incompetents run his empire while he was occupied elsewhere. It will always be open to debate whether things would…
According to Reuters, Goldman Sachs said European banks may have to raise another 60 billion to 90 billion euors to reach an aggregate Tier I ratio of 9 percent. Reuters reports that Caterpillar (CAT)…
Market in Asia were mixed The Nikkei fell .2% to 13,238. KDDI was down 2.7% to 632000. Mazda was up 4.6% to 550. The Hang Seng was up .7% to 21,424. China Netcom (CN)…
Unitedhealth Group (UNH) Lay-offs and lowered forecast. Down to $22.72 from 52-week high of $59.46. Freddie Mac (FRE). Concern that market conditions will make firm raise more money. Drops to $14.35 from 52-week high…