There is a sector downgrade from Deutsche Bank today in the solar sector. Due to the rally from China’s stimulus package, the pre-market rally in stocks and oil prices, and the hopes that the…
What more is there to say? Douglas A. McIntyre
Centennial Communications Corp. (NASDAQ: CYCL) will be trading up huge on a $944 million buyout from AT&T Inc. (NYSE: T). This was a 100% premium-merger, and you have to wonder if the larger telecom…
It is cold in Canada this time of year and for some people it will get colder. One of the nation’s largest companies, Nortel (NT), will dump 1,300 people and freeze salaries as it…
T. Boone Pickens plans to ruin the American electricity infrastructure by overloading it with power from his windmill farms. He may have access to cheap energy, but he may not have access to a…
Bringing Michael Dell back to run the company he founded seems to be making things worse. Last week, Dell (DELL) said it would have to cut more costs and even made the ludicrous suggestion…
IBM (IBM) will pay about $4 billion in taxes this year. Procter & Gamble (PG) will pay closer to $6 billion. If GM (GM) is losing $1 billion a month, the income taxes from…
AIG (AIG) probably has the wrong management in place. A retired CEO from Allstate may not be the man. The insurance company lost another $24.47 billion billion in the third quarter. The current plan…
According to Reuters, China announced an economic stimulus package of almost $600 billion. Reuters reports that AIG (AIG) is about to get a new bailout from the US government which will be worth $150…
Asia markets rose on news of a $600 billion Chinese economic stimulus package. The Nikkei was up 5.8% to 9.081. Canon rose on a falling yen. The Hang Seng jumped 4.6% to 14,890. The…
China’s new bailout package has been set up to make the US government look cheap. At $586 billion its ratio to GDP is impressive. The CIA Factbook puts the GDP on the mainland at…
One of the ways that large American corporations "make" money is to put capital in tax havens outside the US. It costs the Treasury tens of billions of dollars, but it is completely legal…
The price of oil will be pushed in two directions next week. That leaves aside the pressure that will come from a promised cut in supply by OPEC. The head of Saudi Aramco, the…
With earnings from the top two PC giants roughly two weeks away, we have many about what lies ahead for the tech sector. Dell Inc. (NASDAQ: DELL) reports earnings on November 20, and Hewlett-Packard…
In addition to the nearly 7,000 people who lost jobs when Circuit City (CC) closed 155 stores last week, almost 800 people who work at the company headquarters in Henrico, near Richmond, are now…