Europe Markets 1/24/2008
Markets in Europe were up sharply at 6.30 AM. The FTSE is up 4.7% to 5,854. BHP Billiton (BHP) is up 6.5% to 1352. BP (BP) is rising 5.9% to 533. The DAXX 5.8%…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 399Nokia (NOK): A Big Quarter, More Hurt For Motorola (MOT)
Every time Motorola (MOT) posts a bad quarter, it seems that Nokia (NOK) posts a good one. Motorola is losing money in its core handset business. It sold only 40 million units in the…
No Market For Old Men (C)(JPM)(AXP)
People still take about how Hannibal crossed the Alps to attack the Romans in 218 BC. Years from now they will probably do the same about the big 600 point turnaround on Wall St.…
New US Rules For Sovereing Funds
Senior officials of the US Treasury Department are sneaking around Davos trying to get the managers of big sovereign funds from Asia and the Middle East to sign a code of conduct. David McCormick,…
Ford (F) Guts Its Fish
Ford (F) is considering cutting another 13,000 people. According to The Wall Street Journal, the company intends to make good on its promise to make money in North America, not matter what the cost.…
The United States Of Wal-Mart (WMT)
It reads like something out of a presidential campaign stump speech. In a talk given to company management and quoted by Reuters, Wal-Mart’s CEO Lee Scott said "We live in a time when people…
Societe Generale And The Lessons Of Risk Management
Years ago, in a fit of creativity, some journalist coined the term "rogue trader" to describe some manic soul who made a bunch of bad bets at a big bank and then hid the…
Asia Markets 1/24/2008 (LFC)(CHL)
Asia markets were mixed. The Nikkei moved up 2.1% to 13,093. Canon rose 4.9% to 4550. Honda (HMC) rose 2% to 3070. The Hang Seng fell 2.3% to 23,539. China Life (LFC) fell 3.3%…
Media Digest 1/24/2008 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Meg Whitman is stepping down as CEO of Ebay (EBAY). Reuters writes that GM (GM) said it would rather be a strong No.2 in the global market than a weak No.1.…
What Mortgage Mess? Annaly Raises Over $900 Million In Secondary (NLY, CIM)
Annaly Capital Management, Inc. (NYSE: NLY) has set the price for its public offering of 51,000,000 shares of common stock at $19.25 per share. All of the shares are being offered by Annaly rather…
After-Hours Stock Gappers (January 23, 2008) (FFIV, TRMB, SYMC, PLXS, PLCM, CBST, WDC)
We have covered some of the earnings movers in after-hours already, but with earnings season now running full-tilt there are many other stocks that are gapping up. Here are some of the more active…
Cramer Calls A Bottom & Gives Play Book Picks (C, CVS, COST, GES, JCG, IBM, DD)
On tonight’s MAD MONEY on CNBC, Jim Cramer said emphatically that the huge drop today followed by the monster rally in the same day is a classic bottoming pattern, although he thinks that the…
Netflix Gives Back Some Gains, Despite Solid Numbers (NFLX)
Netflix, Inc. (NASDAQ: NFLX) has released its earnings and issued guidance and some core metrics to how how its business is doing. The company posted $0.24 per diluted share on a GAAP basis on…
A Bail-Out For Bond Insurers? (MBI, ABK)
Watch for a big run-up in Ambac (NYSE: ABK) and MBIA (NYSE: MBI) tomorrow. These stocks had major run-ups today in the last 90 minutes of trading as word of this began coming out,…
eBay’s Guidance As An Auction Didn’t Fetch The Minimum Bid (EBAY)
eBay (NASDAQ: EBAY) has posted earnings on a non-GAAP basis of $0.45 EPS on $2.18 Billion in revenues. First Call had earnings estimates at $0.41 EPS on roughly $2.14 Billion in revenues. The actual…