Bernanke’s Late Rescue
Ben Benanke joined a line of politicians from both sides of the aisle in suggesting massive infusions of capital and incentives to save the US economy. The total value of these is pegged as…
Archive
Year: 2008
All Year: 2008 Articles
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There is a rule against taunting in football along with penalties. That has not moved to big business yet. International Business Machines Corp. told Wall Street to raise its 2008 according to the AP.…
Media Digest 1/18/2008 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, IBM (IBM) issued a strong forecast for next year. Reuters writes that Bush and Congress are looking at a $150 billion package to improve the economy. Reuters reports that Washington Mutual…
Asia Markets 1/18/2008 (LFC)(CN)
Most markets in Asia rose modestly. Te Nikkei was up .6% to 13,861. KDDI was off 4.2% to 793000. Docomo (DCM) was off 2.6% to 173000. Softbank was up 3.4% to 2105. The Hang…
Cramer on Oversold & Value In Tech (WIND)
On tonight’s MAD MONEY on CNBC, Jim Cramer is sticking with picking technology stocks that are either oversold or are great value. His down and out tech stock is Wind River Systems (NASDAQ: WIND). …
Cramer Kicks The Casino Stocks (LVS, WYNN, MGM)
On tonight’s MAD MONEY on CNBC, Jim Cramer wanted go over a sell sector, the casinos. Cramer thinks that the casinos have to be sold. They have a property crisis and the earnings are…
NYSE Buys AMEX, Becomes ETF King (NYX)
The NYSE Euronext (NYSE: NYX) is finally acquiring the American Stock Exchange. NYSE is paying roughly $260 million entirely in NYSE stock to acquire its tiny rival exchange. Amex members (full seat owners) will…
No Major Restructuring Yet From AMD But Results Could Have Been Worse (AMD)
Advanced Micro Devices (NYSE: AMD) posted a huge loss at -$3.06 EPS after a $2.89 charge. AMD’s operating GAAP loss was $1.678 Billion, but the company said its non-GAAP loss was -$9 million. The…
Many Major Tech, Media, Telecom Hitting New 52-Week Lows
With about 20 minutes to go into the close and on one ugly day, we have the DJIA down nearly 300 points, the NASDAQ down almost 40 points, and even the S&P 500 down…
Cable Tries To Beat The Devil
Time Warner Cable (TWC) will begin testing a program where internet subscribers pay based on usage. According to Reuters "the company believes the billing system will impact only heavy users, who account for around…
AMD’s Critical Earnings Juncture (AMD, INTC)
After today’s close we’ll see earnings out of Advanced Micro Devices (NYSE: AMD). The estimates have gone from bad to ugly as problems have mounted with the company’s processors. Analysts are looking for -$0.36…
Google (GOOG) Strengthens Video Hand
Google’s (GOOG) shares of the video market increased in November. Its share increased by two percentage points to 31.3% or almost 3 billion videos viewed, according to comScore. The news indicates how difficult it…
Would Warren Buffett Rescue The Bond Insurers? (ABK, MBI, MTG, BRK-A)
Shares of Ambac Financial Group, Inc. (NYSE: ABK) are being crushed even harder today than yesterday by more than 60% to around $5.00. The problem is that Moody’s has put it under review for…
Sirius (SIRI) May Have To Kill XM Satellite (XMSR) Deal
Sirius (SIRI) does not need competition from XM Satellite (XMSR), Apple’s (AAPL) iPod, or HD radio to put it out of business. The US government is doing the job nicely. While it clear that…
Goldman Sachs Raises Microsoft Ahead Of Earnings (MSFT, INTC)
We already noted some changes out of Goldman Sachs in the beverage sector this morning, but there is a more decisive call today on Microsoft (NASDAQ: MSFT), and that is after a recent estimate…