Another Rough Day For Citigroup (C): It Buys Out Its SIVs
Citigroup (C) is off almost 4% at the open after news that it has committed to acquire the remaining assets of the Citi-advised SIVs at their current fair value. That value is estimated to…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 48Collapsing Auto Sales Hit Mining (SWC)
If Detroit doesn’t build cars, then there is little market for catalytic converters. And if there is a falling market for those pollution-control devices, there is a falling market for the platinum and palladium…
Sun Shines on LDK Solar (LDK, WFR, ENER)
Before the market opened this morning, LDK Solar (NYSE:LDK) reported third quarter earnings. The company earned $88.4 million (diluted EPS of $0.77) on revenues of $541.8 million. Analysts were expecting EPS of $0.71 on…
Goldman Sachs Changes To Conviction List (RIMM, CSCO, RVBD)
This morning, Goldman Sachs has made two key technology changes to its Conviction Buy List. Research-in-Motion (NASDAQ: RIMM) was added to the praised list, and its price target is $68.00. Cisco Systems (NASDAQ: CSCO)…
Against All Odds, E*TRADE Keeps Growing (ETFC)
E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) has been hit much harder than other financial institutions and the last two weeks have been rather challenging for the company and its shareholders. This morning we are seeing…
Consumer Prices Tank, Almost As Fast As Homes
This morning we got mixed news on the economy. The good news is that the prices you are paying for goods is not as bad as in prior months when energy was through the…
NVIDIA/Cray Supercomputing For You… Right As Hard Times Kick Off (NVDA, CRAY)
NVIDIA Corporation (NASDAQ: NVDA) and Cray Inc. (NASDAQ: CRAY) have announced the availability of NVIDIA Tesla C1060 GPU Computing processors in the new Cray CX1 line of supercomputers. The companies call this as with…
Top 10 Early Bird Analyst Upgrades & Downgrades (COGT, PSUN, RMD, NCTY, SAFM, UTHR, ARB, CS, CTRP, SUN)
These are ten of the early bird analyst upgrades and downgrades we are seeing from Wall Street this Wednesday morning: Cogent Inc. (COGT) Raised to Overweight at JPMorgan. Pacific Sunwear (PSUN) Raised to Neutral…
Boeing (BA) Management Get Worse By The Day
Maybe Boeing (BA) should just stop selling airplanes and leave the market to Airbus. At least once a month, the US company says it will have to delay deliveries to customers. Not only does…
Car Company Bailouts Move To China, Japan And Europe Next
A car industry bailout may save GM (GM), Ford (F), and Chrysler for a few months, but it is likely to set a painful precedent for governments in Asia and Europe. If troubled American…
New Yahoo! (YHOO) CEO: Take This Job So We Can Fire You
With Jerry Yang out as Yahoo! (YHOO) CEO, what most of the board and many large shareholders want is for the portal company to be sold to Microsoft (MSFT). It may be at half…
Google (GOOG): More Sneaky By The Day
Google (GOOG) is sending spies to Procter & Gamble (PG) to see how the big package goods company makes marketing plans and spends its $8 billion advertising budget. That is a lot of intelligence…
Citigroup (C) Continues To Hang Its Own Noose
Citigroup (C) CEO Vikram Pandit may have simply locked himself in the executive washroom and thrown away the key. No one has anything encouraging to tell him and if he does not come out,…
Media Digest 11/19/2008 Reuters, WSJ, New York Times, FT, Bloomberg.
According to Reuters, Toyota (TM) cut production and Nissan was downbeat about its prospects. Reuters reports that if a new CEO at Yahoo! (YHOO) wants to be well-regarded by shareholders, he or she must…
Asia Market and Europe Open 11/19/2008 (BCS)
Markets in Asia were mostly lower. The Nikkei fell .7% to 8,273.Mitsubishi Corp fell sharply. The Hang Seng was off ,4% to 12,859. The Shanghai Composite was up 6.1% to 2,018. At the open,…