Correction: In error, 24/7 Wall St. sighted Walter Mossberg as the author of the Twitter piece. The article, “Birds of a Feather Twitter Together,” was authored by Katherine Boehret. Our apologies to Ms. Boehret…
While the US car companies struggle to survive and GM (GM) and Chrysler say they may not make it until the end of the year, even mightly Toyota is bleeding. The Japanese car company…
Jim Cramer came on CNBC’s MAD MONEY this week with several ideas for shotgun marriage merger proposals he wanted to throw out there where he was calling for more mergers from the cash rich…
We have had many inquiries this week over this EDF offer for Constellation Energy Group Inc. (NYSE: CEG) now that EDF in France gave a competing bid versus that of Warren Buffett’s Berkshire Hathaway…
Orexigen Therapeutics (OREX) Trouble with mid-stage drug trials. Drops to $1.55 from 52- week high of $15.63. Rf Microdevices (RFMD) Cuts guidance sharply. Falls to $.74 from 52-week high of $6. Berry Petroleum (BRY)…
The Mortgage Bankers Association released their numbers for delinquencies on home loans at the end of the third quarter. The group reported that "the delinquency rate for mortgage loans on one-to-four-unit residential properties stood…
According to a report in The Wall Street Journal, "Chrysler hired the prominent law firm of Jones Day several weeks ago as bankruptcy counsel, a move that suggests the auto maker is preparing for…
Changewave, the research firm, is out with its survey of 3,029 business people. Some highlights: "More than half of respondents (51%) project that their company sales will come in Below Plan for the 4th…
Generally speaking, we do not like to bring CEOs back from a past "list of CEOs to go." James Tobin of Boston Scientific Corp. (NYSE: BSX) has somehow managed to hang on to his…
Generally speaking we do not like resurrect candidates for CEOs to go. We first named Antonio Perez of Eastman Kodak Co. (NYSE: EK) in late 2006 as a CEO to go in 2007. It…
It’s no longer news when an oil E&P company cuts its capex budget. As oil prices fall, profits are squeezed and companies rein in discretionary spending, of which capex is a principle component. So,…
So, your company’s stock is trading at nearly 90% below its 52-week high, and estimates for the current quarter point to a continued loss. What do you do? If you’re Evergreen Energy (NYSE: EEE),…
The recent bid by France’s Electricite de France (EDF) for half of the nuclear business of Constellation Energy (NYSE:CEG) caused Fitch Ratings to downgrade the company’s Issuer Default Ratings. The long-term IDR is now…
Reverse stock split or not, Rite Aid Corporation (NYSE: RAD) has been under the gun and its future is far from certain. There was a period in time in 2007 when it looked like…
Today was supposed to be all about the employment and jobs data. The data is out and it isn’t pretty. November’s unemployment rate hit a new recent high of 6.7%. The November non-farm payrolls…