According to Reuters, authorities do not think Madoff could have acted alone. Reuters show that the US is sinking deeper into recession. Reuters reports that the SEC defended it response to the economic turmoil.…
Many markets were closed for the holidays. In Japan, the Nikkei fell 2.4% to 8,501 after bad earnings forecasts from Toyota (TM). The Hang Seng was down .3% to 14,184. The Shanghai Composite fell…
Merry Christmas you underpaid, overworked coffee barista boys and girls. Uncle Howard Schultz, your founder and CEO, has found another way to screw Starbucks (SBUX) employees, if he wants to. According to The Wall…
K-V Pharmaceutical (KVA) Suspends shipments of tablet-form drugs and expects earnings hit. Stock falls to $2.50 from 52-week high of $29.02. American Greetings (AM) Says it lost money. Drops to $6.20 from 52-week high…
American Express (AXP) is still paying its $.18 dividend. The company will fire about 7,000 people and chop other costs to save $1.8 billion next year. Last quarter AXP did relatively well, making $815…
From the "not news" file comes a report from credit rating firm, Equifax, that consumers are falling more deeply into debt. According to Reuters, Dann Adams, president of U.S. Information Systems for Equifax Inc,…
There are still some stocks doing extremely well despite all the interests outside against ythe economy. Allegiant Travel Co. (NASDAQ: ALGT), American Capital Agency Corp. (NASDAQ: AGNC), Grand Canyon Education, Inc. (NASDAQ: LOPE), Rochester…
As if you didn’t know there were problems at SIRIUS XM Radio Inc. (NASDAQ: SIRI), Moody’s has decided in its infinite wisdom to downgrade the company’s debt ratings. This downgrade is showing an increased…
The shareholders of Grey Wolf, Inc. (NYSE:GW) have overwhelmingly chosen to accept cash instead of stock in Precision Drilling Trust (NYSE:PDS) as consideration for Precision’s buyout of Grey Wolf. We’ve been following the story…
Energy industry publisher Platts is reporting that the Gas Exporting Countries Forum (GECF) is meeting in Moscow this week, and is expected to sign a framework agreement to set up a natural gas exporters…
Nortel Networks Corp. (NYSE: NT) is trading higher today on news reports that it has received three offers worth nearly U.S. $1 billion for the company’s Metro Ethernet unit. What is interesting is that…
Last summer, Suzlon Energy Limited had a nasty problem with its wind turbine blades. Blades shipped to the US started cracking. Then blades sold in the company’s home country, India, also started cracking. The…
There was no way the November housing data was going to be good. There are too few people chasing too many homes. In some markets like Florida and Michigan, there are no people chasing…
The good news is that PC sales are not dead if the latest iSuppli data is accurate. But there are some trends in which are going to revolutionize the PC industry. We have harped…
Bill Miller is the Legg Mason (NYSE: LM) money manager, whose two funds have each lost more than 50% this year, has been asked to help run a third fund as the firm tries…