According to Reuters, another Fed rate cut may stimulate the housing market. Reuters reports that profits at American Express (AXP) fell 10%. Reuters writes that McDonald’s (MCD) will open 150 outlets in China this…
Markets in Asia were mostly higher. The Nikkei rose 3% to 13,749. Honda (HMC) was up 3.8% to 3,260. NEC was up 4.5% to 441. The Hang Seng rose 1% to 24,292. China Netcom…
Liberty Media, the controlling shareholder of Barry’s Diller’s IACI (IACA) wants Mr. Diller to know that the company is not really his. Liberty has filed suit to take away Mr. Diller’s rights to vote…
BCD Semiconductor Manufacturing Ltd. has filed to sell its shares of its ADS in an initial public offering. The ADS’s to be sold in the offering are expected to be offered by the company. …
On tonight’s MAD MONEY on CNBC, Jim Cramer compared a great Nokia (NYSE: NOK) to a horrible Motorola (NYSE: MOT). Last week Motorola said mobile handset sales were down 38% last week and lowered…
PHENOMIX CORP. submitted an IPO filing last Friday. The filing shows for a sale of up to $86,250,000 in securities, although this number is merely for filing purposes. The underwriting group is listed as…
Zoran Corp. (NASDAQ: ZRAN) shares are getting hit hard in after-hours trading. The company posted earnings of $0.34 EPS, $0.02 better than the First Call estimate of $0.32. Unfortunately the good news stops there. …
VMware, Inc. (NYSE: VMW) has posted earnings of $0.26 non-GAAP EPS on $412 million in revenues. First Call had estimates pegged at $0.24 EPS and $417.37 in revenues. Even though this represents an 80%…
American Express Company (NYSE: AXP) has posted earnings of $0.72 EPS from continuing operations on revenues of $7.364 Billion net of interest expense. We had already been warned that this quarter was going to…
SanDisk (NASDAQ: SNDK) has posted fourth-quarter earnings of non-GAAP EPS of $0.69 on revenues of $1.246 billion. Estimates from First Call were $0.64 EPS on $1.27 Billion in revenues. Eli Harari, Chairman & CEO:…
Alliance Data Systems (ADS) Deal for buy-out may be falling apart. Shares fall to $39.54 from 52-week high of $80.79. Image Entertainment (DISK) Dispute with creditors. Drops to $1.04 from 52-week high of $4.50.…
An IPO filing came in today from a company called Current Media, Inc. The filing shows for a sale of up to $100 million in securities, although this number is merely for filing purposes. …
We’va already been warned that this quarter was going to be a miserable one, but today is the awaited earnings from American Express (NYSE: AXP). As this is a DJIA component and as this…
Today is the long-awaited earnings out of virtualization leader VMware Inc. (NYSE: VMW). This could be a crucial report as this is only the second earnings report out of the company and its first…
Acorda Therapeutics inc. (NASDAQ: ACOR) showed late stage trial results on its drug candidate Fampridine-SR for treating multiple sclerosis. This data showed that Fampridine, which is designed to treat multiple sclerosis, did not increase…