The Paulson And Bernanke Follies
A cabinet secretary is a person who has taken a job which they believe is the crowning honor of their career until they realize that they cannot do it and will never be what…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 86Media Digest 10/21/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Japan markets were higher on a broad government bailout plan. Reuters reports that Merrill Lynch (MER) will cut 500 trading jobs. Reuters writes that low retailer prices and competition are cutting…
Asia Markets And Europe Open 10/21/2008
Markets in Asia were mixed. The Nikkei rose 3.3% to 9,306. Canon moved up as the yen weakened. The Hang Seng fell .8% to 15,206. China Mobile (CHL) dropped on poor earnings. The Shanghai…
Tuesday’s Earnings Represent True Economy Strengths & Weakness (MMM, AAPL, CAT, DD, LMT, NSC, YHOO)
Tuesday is going to look like it is a true earnings bogey for the entire economy with major industrials and other companies which are representative of the strength or weakness of the entire economy. …
TI Guidance Lynching Itself & Peers (TXN, QCOM, BRCM, ADI)
Mobile chip giant Texas Instruments (NYSE: TXN) has posted earnings of $0.43 per share and $3.39 billion in revenue. First Call had estimates of $0.44 on $3.40 billion in revenue. Back on September 9…
SanDisk Earnings, The Agony of Defeat (SNDK)
Flash-memory giant SanDisk Corp. (NASDAQ: SNDK) has just posted earnings of -$0.59 and $821.5 million in revenue. First Call had estimates at -$0.28 EPS on $778.1 million in revenues. The company did notes that…
American Express (AXP): The Faithful Are Rewarded
Expectations for American Express’s (AXP) earnings were less than modest. Analysts polled by Thomson Reuters, on average, forecast earnings of $.59 for the quarter. Friedman, Billings, Ramsey reported that American Express reported default rates…
The 52-Week Low Club (CDE)(SSCC)(YRC)(BC)
Brunswick (BC) Moody’s downgrades to junk because of falling consumer spending and company’s financials. Drops to $3.80 from 52-week high of $22.85. Coeur d’Alene Mines (CDE) Sells new convertible note. Metals stocks not having…
Bracing for Texas Instruments Earnings (TXN)
After the close of trading, we should get earnings out of mobile chip giant Texas Instruments (NYSE: TXN). First Call has estimates at $0.44 EPS on $3.40 billion in revenues. As you will see,…
Credit Crisis Yield: 20 Million Lost Jobs
The UN may not be particularly good at mediating international disputes but it is one hell of a statistics bureau. International Labour Organisation, part of the worldwide fellowship body, said that the global recession…
Bernanke Calls A Recession, Without The Words
Ben Bernanke is set to testify on in Washington D.C. before the U.S. House Budget Committee on the economic recovery. If you look at the prepared comments, it certainly doesn’t sound like the ecoonomy…
Yahoo! (YHOO) Lay-Offs: A Trip To Nowhere
It may be a sign of the cruel mentality of the American stock trader, but generally news of layoffs drives the share price of the company making the cuts upward. Word came out this…
And We Thought Spam Was Recession-Proof (HRL)
There was an interesting warning on 2008 earnings this morning, although it seems almost counter-intuitive. Hormel Foods Corp. (NYSE: HRL) is almost back at 52-week lows this morning. The company is citing weak financial…
Financial Bailouts Keep Coming, From Competitors (AIG, PRU, RBS, ING)
There are many new initiatives for "taking stakes" and "financing packages" this morning. Most of these seem to be coming from actual competitors rather than from our government, although that isn’t the case in…
Vonage Secures Refinancing Package (VG)
Vonage Holdings Corp. (NYSE: VG) has signed a definitive agreements to refinance its convertible debt, a move which will help to secure its future. The financing package consists of a $130.3 million senior secured…