Sprint (S) Kills Dividend
Sprint (NYSE: S) announced consolidated net operating revenues in the quarter were $9.8 billion, compared to $10.4 billion in the fourth quarter of 2006. The net loss for the quarter was $29.5 billion or…
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Year: 2008
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Newest first · Page 354Europe Markets 2/28/2008 (VOD)(BAY)(AXA)(SI)
Stocks fell in Europe at 6.55 AM New York time. The FTSE was off .8% to 6,033. Whitbread rose 7.1% to 1313. Vodafone (VOD) fell 1.1% to 162.4. The DAXX dropped .8% to 6,941.…
Sears (SHLD) Customers Hybernate, Buy-Back Eats Cash
Sears (SHLD) spent all of its money on stock buy-backs, which leaves it low on cash. Sears reported net income of $426 million, or $3.17 per diluted share, for the fourth quarter ended February…
The Airlines Are Flown By Pilots (NWA)(DAL)
The captain of a commercial airline is in charge, no matter what. If things don’t work out, the blame often falls to him. Airline pilots have taken that principle all the way to controlling…
The Tao Of The Dow (MSFT)(HPQ)(PG)(CSB)(NWS)
As The Wall Street Journal points out, the DJIA is up 6% in a month. That is because, if results from financial firms in the index are backed out, the rest of the companies…
Banks Want Their Earnings Back
One of the nice things about writing down assets is that they often get to be written up later. Big banks and insurance companies have something to look forward to beyond these dismal days…
Paulson Cuts His Own Throat
Henry Paulson, head of Treasury, has decided that legislation to help homeowners with mortgage problems is too broad and will actually help bail out irresponsible people who were careless with their personal finances. It…
Nasdaq Short Interest: Big Bets Against Tech And Telecom
The short interest for stocks traded on the Nasdaq as of February 15 shows that investors made very big bets against telecom and technology stocks. The numbers compare to those on January 21. Short…
Media Digest 2/28/2008 Reuters, WSJ, NYTimes, FT, Reuters
According to Reuters, Fed chief Bernanke said the Fed was ready to help the economy if necessary. Reuters writes that financial results at Deutsche Telekom (DT) met expectations for 2007. Reuters writes that Nortel…
Asia Markets 2/28/2008 (HMC)(SNP)
Markets in Asia were mixed. The Nikkei fell.8% to 13,925. Honda (HMC) fell 2.3% to 3350. KDDI rose 2.3% to 627000. The Hang Seng rose .4% to 24,592. China Petroleum (SNP) rose 3% to…
Sears: Bad Earnings Or Just Less-Bad Earnings? (SHLD)
Sears Holdings Corp. (NASDAQ: SHLD) is set to report earnings on Thursday morning. First Call has estimates pegged at $3.10 EPS on $15.26 Billion in revenues. Next quarter estimates are $0.36 EPS on $11.4…
Netezza Ready For Earnings (NZ)
Netezza Corporation (NYSE: NZ) is posting earnings Thursday morning and this will be the first earnings report where the company was public for the entire quarter that doesn’t have those IPO charges lumped in…
Markets Brace For Freddie Mac Earnings Disaster (FRE, FNM)
On Thursday morning we’ll get to see earnings out of Freddie Mac (NYSE: FRE). The estimates from First Call for the government sponsored entity are roughly -$2.34 EPS on what is listed as -$198.30…
Apple (AAPL) Joins Ranks Of Top 10 Handset Companies Worldwide
Apple (NASDAQ:AAPL) has become one of the top 10 handset makers in the world. Research In Motion (NASDAQ:RIMM) also joined the list in the fourth quarter of 2007. Nokia (NYSE:NOK) remains the leader in…
Jim Cramer Interviews Hillary Clinton
On CNBC’s MAD MONEY, Jim Cramer interviewed presidential candidate Hillary Clinton on several economic issues. Keep in mind this was a mere ten minute segment, so this was far from a full economic policy…