According to Reuters, South Korea launched a major economic stimulus package. Reuters reports that nearly 1,800 publicly held institutions could apply for U.S. government investments. Reuters reports that HBOS took an $8.5 billion hit…
Japan was closed for a holiday. Most other Asia markets were higher. The Hang Seng was up 2.7% to 14,344. The Shanghai Composite was off .5% to 1,718. The FTSE rose 1.1% to 4,421…
The US unemployment rate in September was 6.1%. The consensus estimates are that the numbers will rise, but there are differences over how much. The Bloomberg News survey of economists gives an average prediction…
GM (GM) may not get the $10 billion it needs to buy Chrysler, but, even if the Fed comes up with the money, the UAW may try to block the deal. A long strike…
American car companies hoped the day would never come. Data from October is expected to show the market shares of Toyota (TM) and Honda (HMC) for US vehicle sales is expected to be over…
Word is starting to get around town that Citigroup (C) has some more trouble coming and it could show up as soon as the next quarter. In this case, Citi’s problems may not be…
Because Chrysler is now a private company, no one outside the corporation and its investors has a precise picture of its finances. Through the first nine months of this year, Chrysler sold 1.18 million…
Sears (SHLD) is already one of the weakest retailers in the US. Firms such as Wal-Mart (WMT) and Best Buy (BBY) have, in most cases, better merchandise, better store locations, and buying power to…
The most prominent ethanol energy company in the US, Verasun (VSE), is filing for Chapter 11. Among other things the firm has been pinched by falling oil prices, which make ethanol less attractive, and…
There are many C-Suite executive from Wall Street to main Street that didn’t exactly get their stock priorities right. Many company executives are getting margin calls and are being forced to liquidate their stocks. …
HAPPY HALLOWEEN !!!!! It is after 6:00 PM and it is now the weekend, so for the lighter side of Wall Street we wanted to wish you a Happy Halloween. It is always important…
Commscope (CTV) Downgraded by Baird. Drops to $14.55 from 52-week high of $56.50. Eastman Kodak (EK) Weak forecast. Sells down to $8.94 from 52-week high of $29.08. Powerwave (PWAV) Poor earnings and downgrade. The…
There are two companies which have reported earnings where the reactions to the same sort of news were entirely different. Here are the reports at MDU Resources (NYSE:MDU) and Massey Energy (NYSE:MEE).
Ethanol stocks have been getting pounded since their IPOs and the sector has lost its luster. Pacific Ethanol Inc. (NASDAQ:PEIX) was the exception for a while as it has Bill Gates as an investor…
By John Tamny and Rob Arnott for FT Online The Dow Jones Industrial Average fell 12.5 per cent on October 29, 1929. Many commentators at the time and later suggested that stocks had simply…