Double Barrels Hit Financials
Most industries get to spread out their bad news. The current exceptions appear to be the automotive and banking sectors.Some days they can be hit from three or four sides. An impression that the…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 36The Manufacturing Recession Gets Worse
The ISM Manufacturing report was as dismal as one could expect and definitely well into the recession levels for those who have been on the fence. The Institute for Supply Management showed that manufacturing…
CEO Of The Year Nominees: 1) Robert Iger of Disney (DIS)
24/7 Wall St. will name its annual CEO of the Year next week. The executive will be picked from a field of ten which we will profile this week. The CEOs are chosen on…
Chesapeake Wants To Print Money (CHK, BP, STO, PXP)
Chesapeake Energy Corp. (NYSE:CHK) filed three documents with the SEC on Friday. One replaces a shelf registration that expires on December 5, the second authorizes the issuance of up to 50 million shares of…
Citigroup Says General Electric (GE) Could Lower Guidance At Tomorrow’s Event
Citigroup commented on General Electric Co. (NYSE: GE) ahead of tomorrow’s GE Capital webcast. The firm said the webcast could be a forum to lower its 2009 outlook. The analysts noted that in prior…
How Do We Start Growing Again?
By John Tamny, RealClearMarkets Amid the tumult in the U.S. banking and manufacturing sectors, there’s been lots of apocalyptic talk about how the failure of certain banks or companies could drive the economy into…
Another Set Of Numbers Shows Failing Global Economy
The UN’s report on World Economic Situation and Prospects 2009 contains almost no good news. According to Reuters, "World economic growth will slow to 1 percent in 2009 from 2.5 percent this year as…
J&J: Now Master Over Mentor (MNT, JNJ)
If you thought that high-premium buyouts or M&A was dead, that is not the case in at least some opportunities. Mentor Corp. (NYSE: MNT) has just secured a major premium buyout this Monday morning…
Top Pre-Market Analyst Upgrades & Downgrades (ACN, ACL, BHP, PGI, ASML, IPAR, ITRN, STM)
It is looking fairly quiet on the analyst research front this Monday morning. Here are today’s early bird upgrades and downgrades from Wall Street analysts: Accenture (ACN) Raised to Buy at SocGen. Alcon (ACL)…
The Holiday Spending Head Fake
Management of companies in the retail sector are waking up to sunny skies today. Evidence is that Black Friday sales moved up 3% over last year. But sales are not profits, and that is…
No More Credit Cards: GDP Bleeds Out
There is something to be said for giving nearly everyone a lot of access to credit when the economy and real estate values are improving. If consumers don’t have a ready way to find…
The Two Faces Of A Two-Faced China
China’s GDP is going to do remarkably well over the next year. No, it is in real trouble. Maybe both statements are true, but that would defy logic, at least the brand that economists…
Detroit Fearing No US Bailout, Looks Overseas
GM (GM) has plants in Mexico. Ford (F) has plants in Wales, Germany, Turkey, and Spain. Chrysler has facilities in Canada. Almost all of their suppliers source and build key parts in countries around…
Media Digest 12/1/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, US car sales are expected to be down sharply for November. Reuters reports that the global recession is hurting Asian factories. Reuters reports that the GM (GM) board is reviewing the…
Asia Markets And Europe Open 12/1/2008
Markets in Asia were mixed. The Nikkei fell 1.4% to 8,397. Honda (HMC) fell sharply on concerns about sales. The Hang Seng was up 2% to 14,160. The Shanghai Composite rose 1.3% to 1,895.…