Sun (JAVA): The Worst Tech Stock In The World Makes Its Case Again
There has been some debate recently about which of the well-known tech stocks is the worst. AMD (AMD) is often in the running. So is Palm (PALM). Sun (JAVA) won the race today with…
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Year: 2008
All Year: 2008 Articles
Newest first · Page 73The 52-Week Low Club (HIG)(CI)(AVP)(GLBL)(SYMC)(EXPE)
Hartford Financial (HIG) Big analyst downgrade. Plunges to $8.23 from 52-week high of $98.70. CIGNA (CI) Profit drops 53%. Stock off to $15.08 from 52-week high of $56.98. Avon (AVP) Weak guidance. Falls to…
AIG Borrows From Peter To Pay Paul In Debt-Arbitrage (AIG)
American International Group Inc. (NYSE: AIG) disclosed in a filing today that four affiliates applied for participation in the Federal Reserve Bank of New York’s Commercial Paper Funding Facility. It is harder to tell…
Boeing Raising Up to $5 Billion (BA)
The Boeing Company (NYSE: BA) has filed for a shelf registration to allow its Boeing Capital Corporation unit to raise up to $5,000,000,000.00 ($ billion) via the sale of debt securities.
Just When Wall St. Thought Things At Motorola (MOT) Could Not Get Worse…
Motorola (MOT), mocked and ridiculed for being badly run for the last two years, has now let another 3,000 people go, two-thirds of them from the company’s failed handset business which only sold 25…
Voodoo Economics: How Does American Express (AXP) Fire 7,000 People?
American Express (AXP) decided to pole axe 7,000 poor souls. As is true with most mass firings, it is driving the company’s stock higher, in this case by 5% to just over $26. It…
Another CEO Joins Margin Call Selling Mayhem (DNR, BSX, CHK, CBS, VIA, AIG)
Gareth Roberts, CEO of Denbury Resources (NYSE:DNR) was forced to sell 513,000 shares of the company’s stock to meet a margin call "pursuant to a real estate based loan." That was about 15% of…
Where Will Jim Cramer’s Primary Responsibilities Go? (TSCM)
TheStreet.com Inc. (NASDAQ: TSCM) reported lackluster earnings after yesterday’s close with a third quarter loss of $0.04 per share as revenue rose 4% from a year earlier to $16.7 million. But more importantly, Jim…
The Worst Looks Over At Cal Dive (DVR)
Offshore driller Cal Dive International Inc. (NYSE:DVR) reported third quarter earnings after markets closed yesterday. The company announced EPS of $0.44 on revenue of $278.7 million. Analysts had been expecting EPS of $0.36 and…
Foundry & Brocade, When Less Is Really More (FDRY, BRCD)
Brocade Communications Systems Inc. (NASDAQ: BRCD) originally announced an acquisition of Foundry Networks, Inc. (NASDAQ: FDRY) for $18.50 of cash plus 0.0907 shares of Brocade common stock. The deal valued Foundry at $19.25 per…
Exxon & Big Oil Actually Like Low Oil Prices (XOM, RDS.A, MUR)
It may be a stretch to say that oil companies actually like lower oil prices, but these oil companies keep posting great earnings even though oil has fallen from north of $140/barrel in June…
Clean Energy Tries to Sell Non-Performance (CLNE)
Clean Energy Fuels (NASDAQ:CLNE), T. Boone Pickens’s public alternative energy company for converting natural gas to auto fuel, reported preliminary third quarter results after the market closed yesterday. There was no good news. Analysts…
Tesoro Emanates Trends of Refiners (TSO)
After the market closed yesterday, oil refiner Tesoro (NYSE:TSO) put up some solid good news. For the third quarter, Tesoro’s EPS hit $1.86 on net income of $259 million and revenues of $8.7 billion.…
GDP: The Recession Is Upon Us
The Commerce Department gave the preliminary U.S. third quarter GDP, and it has come in at levels which finally reflect the recession we have been saying we are in since the end of Q1. …
T. Boone Pickens Gets Out Of the Market
T. Boone Pickens came on CNBC this morning, and he was much more somber than in his prior appearances. When your fund is said to be down somewhere around $2 billion and facing major…