Put Gap (GPS) Out Of Its Misery: Auction Off The Parts
Being a Gap (GPS) shareholder has been a long nightmare and that got worse today. Gap’s same store sales in October fell 16%. The retailer reported net sales of $1.08 billion for the four-week…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 65Bank Of England Cuts 1.5% To 3%
A little note from the Bank of England: "The Bank of England’s Monetary Policy Committee today voted to reduce the official Bank Rate paid on commercial bank reserves by 1.5 percentage points to 3%.…
All Hail Wal-Mart (WMT)
The magnificence of being big and having extraordinary buying power put Wal-Mart (WMT) at the head of the retailing industry again. It can cut prices to consumers in a way that would ruin its…
Top Pre-Market Analyst Downgrades (AMZN, DOX, BRY, CNQ, CEO, CFX, DVN, EOG, GGP, MDR, NWS, PCP, SPWRA, SVR)
These are some of the many analyst downgrades we have seen on Wall Street this Thursday morning: Amazon.com (AMZN) Cut to Hold at Citigroup. Amdocs (DOX) Cut to Neutral at Baird. Berry Petroleum (BRY)…
Top Pre-Market Analyst Upgrades (EAC, EQT, HNT, SOV, WFMI, XTO)
These are some of the early upgrades we are seeing on Wall Street this Thursday morning: Encore Acquisition (EAC) Raised to Buy at Goldman Sachs. Equitable Resources (EQT) Started as Outperform at Credit Suisse.…
If Detroit Goes Down, So Do Three Million Jobs (GM)(F)
Every industry has its blue chip think tank, In the case of cars it is The Center for Automotive Research. The research operation has come out with a new and disturbing study.
Yahoo! (YHOO) Turns To Microsoft (MSFT) For Help
Now that Google (GOOG) has walked away from a deal to sell search advertising for Yahoo! (YHOO), the portal company has to come up with a way to replace all that money. Yahoo! could…
Toyota (TM) Catches Cold
Toyota (TM) reduced its earnings estimates by more than 50%, making it the last large global car company to admit that there is nothing to be done about salvaging this year or next. Declining…
Cisco’s (CSCO) Consumer Push Costs It
The sound out of Cisco (CSCO) has been so fine for so long that its was an assault to hear that the company would have a drop in revenue in the current quarter. By…
Oil Back To $100
It is fairly easy to imagine oil trading at $65 for a long time or even moving lower. What is not easy to imagine is why oil would rise 100%. The trend has been…
Obama, Broke Now, And More Broke Every Day: Credit Default Swaps On US Debt
There is not a man with a typewriter who can avoid writing about how much debt the US government has and how much more it will have to take on. Paulson’s program will put…
Media Digest 11/6/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Europe prepared rate cuts as the economy their worsened. Reuters reports that the administration cleared the way for the car companies to get access to $25 billion in loans, but Detroit…
Asia Markets And Europe Open 11/6/2008
Markets in Asia fell sharply. The Nikkei dropped 6.5% to 8,899. Toyota (TM) fell on poor earnings. The Hang Seng dropped 7.1% to 13,896. Cathay Pacific fell almost 16% on poor earnings. The Shanghai…
Jim Cramer Takes on Yum! CEO (YUM)
Tonight on CNBC’s MAD MONEY, Jim Cramer hosted Doug Novak, CEO of Yum! Brands Inc. (NYSE: YUM), to discuss the economy and the company’s place in casual dining during a major economic slowdown. With…
Gears of War 2 Launch Taking Up Other Video Game Money (MSFT, ERTS, THQI, ATVI, TTWO, GME)
In about 36 hours, the highly awaited release of "Gears of War 2" comes to stores for a midnight opening. The Microsoft (NASDAQ: MSFT) Game Studio published game developed by Epic Games Inc. comes…