Short sellers are still betting that financial shares will fall but they have boldly moved into shares of companies which are considered healthy, those with both good balance sheets and relatively strong earnings prospects.Data…
According to Reuters, Chrysler is running out of time and options for staying in business. Reuters reports that American Express (AXP) is seeking $3.5 billion from the government bailout fund. Reuters writes that Goldman…
Markets in Asia were mixed. The Nikkei fell 1.3% to 8,696. The Hang Seng rose ,4% to 14,093. The Shanghai Composite was up ,8% to 1,859. At the open in Europe, the FTSE rose…
For the management that drove its company into Chapter 11, there is always the option of telling as many people as possible: Harold’s, an 18-state chain of traditional, classic styled ladies and men’s specialty…
MercadoLibre, Inc. (NASDAQ: MELI) may have fallen a long ways from back when Jim Cramer called this one his favorite tech calls from Latin America, but the company is up in after-hours trading and…
General Growth Properties (GGP) Concerns about bankruptcy. Falls to $.33 from 52-week high of $51.24. Genworth (GNW) Moody’s downgrade causes shares to plunge to $1.19 from 52-week high of $28.21. Tyson Foods (TSN) JP…
Sandler O’Neill is an institutional brokerage firm that many individual investors have not ever heard of, yet it has been around for roughly 20 years. It also does business in some form or fashion…
JPMorgan likes GM’s (GM) bonds. On the surface what is not to like? According to Reuters, "GM’s benchmark 8.375 percent bond due 2033 has dropped to 25.75 cents on the dollar, from 36.5 cents…
In a move that could create a bottom for the housing market by the middle of next year, the government is taking unprecedented steps to keep people in their homes. "We need to stop…
The drop-off in traffic to political websites now that the election is over has begun in force. According to figures provided to 24/7 Wall St. by online audience measurement firm Hitwise, Slate lost 75%…
Las Vegas Sands Corp. (NYSE: LVS) has just re-opened for trading after being halted all day. After the news today it is of little surprise that the stock is being hit hard after the…
John Thain of Merrill Lynch (MER) spent most of his time at the financial firm saying that the markets would improve as would the fortunes of his company. He was consistently and remarkably wrong.…
By John Tamny of RealClearMarkets Ludwig Von Mises once wrote that the entrepreneur who fails to use his capital to the "best possible satisfaction of consumers" is "relegated to a place in which his…
The Massachusetts Department of Public Health funded a study which is showing further evidence to support the use of drug eluting stents over bare metal stents in heart attack patients. This study measured stent…
The head of Toll Brothers (TOL) said the housing market could not get worse, but it has anyway. People were not even bothering to come and see the homes his company builds. Those comments…