Of all the financial firms which are to report earnings this season, Citigroup (NYSE: C) may have been the most important. The rumors about the bank have been crazy. Projections about losses have been…
Markets in Europe were up modestly at 6.25 AM New York time. The FTSE rose .6% to 6,013. Barclays (BCS) fell 1.1% to 473.5. Lloyds fell 2.6% to 431.25. The DAXX was up .8%…
The Wall Street Journal was good enough to point out that the price of natural gas in the US is up 93% since last August. Part of the reason is international demand. The paper…
The good news about AMD’s (AMD) first quarter news was that the bad news was not worse. The Intel-Jr. of the chip world reported Q1 2008 revenue of $1.505 billion and a net loss…
The FBI is looking into why the subprime market fell apart. As a matter of fact, it wants those who are guilty to turn themselves in so they do not have to be pursued…
New York State Attorney General Andrew Cuomo wants the job his father used to have. He wants to be governor of the Empire State. He wants to fight evil. He want to bring the…
According to Reuters, RBS (RBS) plans a rights offering next week to raise capital. Reuters reports that Google (GOOG) beat Wall St. expectation. Reuters reports that NY State will investigation the auction-rate securities debacle.…
Markets in Asia were mixed. The Nikkei rose .6% to 13,476. Casio rose 4.9% to 1423. Hitachi rose 2.3% to 667. The Hang Seng fell .4% to 24,168. China Mobile (CHL) rose 2.5% to…
Intrepid Potash Inc. is soon to be pricing an IPO, and the "hot status" was just confirmed. With all the hype and pricing power of anything tied to potash, nitrates, fertilizer, and anything tied…
Almost no one knows what an algorithm is. The management at Google (NASDAQ:GOOG) doesn’t care. The company’s shares are up almost 20% after hours. Those who doubted the firm’s ability to improve its business…
Advanced Micro Devices (NYSE: AMD) is somehow managing to hang in there, despite waves of bad internal news. The number two processor company said its first quarter losses narrowed to $358 million, but its…
E*TRADE (NASDAQ: ETFC) has posted earnings of -$0.20 EPS on a net loss of $91.2 million, and its net revenues were nearly $316 million and estimates from First Call were -$0.10 EPS on $363.94…
Google (NASDAQ: GOOG) sold off slightly, just over 1%, into the close. Then, all hell broke out. Shares moved up 17% immediately after earnings hit. Google reported revenues of $5.19 billion for the quarter…
Briggs & Stratton (BGG) Earnings below estimates. Drops to $14.71 from 52-week high of $33.40. Las Vegas Sands (LVS) Industry slow, looking at job cuts. Falls to $65.72 from 52-week high of $148.76. Novartis…
It appears that PC sales held up better than many have feared, and recent tech earnings this week aren’t signaling the end of the run. Data released last night from Gartner and from IDC…