Updated throughout the day. American International Group (NYSE: AIG) may begin the process for an AIA IPO. (Reuters) Avis (NYSE: CAR) will top the Hertz (NYSE: HTZ) bid for Dollar-Thrifty. (NYSE: DTG) (WSJ) Nelson…
This is the Twitter-24/7 Wall St. market report for July 13, 2010. These tweets are a sign of which companies the Twitter universe is interested in. Is there there is wisdom in crowds?
Stocks with strong balance sheets that are likely to post good earnings have lost their interest for short sellers. Base on data as of June 30, short sellers abandoned the shares of Citigroup NYSE:…
GlaxoSmithKline (NYSE: GSK), like a number of pharmaceutical companies before it, has run up against the truth about one of its drugs. According to The New York Times, “In the fall of 1999, the…
Moody’s downgraded Portugal’s government bond ratings two notches to A1 from Aa2. The outlook for the debt was listed as stable. Oddly enough, the stock indexes in the region did not react to the…
24/7 Wall St. reviewed the performance of the 50 companies on our “Least Transparent” list for the month of June, and as might be expected, the returns were dreadful. In addition, three of the…
MarketWatch: Moody’s downgraded Portugal two notches to A1 Reuters: BP plc (NYSE: BP) will test a new oil cap in place. Reuters: The Wall St. reform bill is nearing a final vote Reuters: Most…
More than 26% of the homes for sale nationwide cut their asking prices in June. The average price cut was 6.25%. The highest median price cut was 11.55%, in Flint, MI, which has been…
Secretary of the Interior Ken Salazar directed the Bureau of Ocean Energy Management, Regulation and Enforcement to issue new suspensions of deepwater drilling on the Outer Continental Shelf , saying a pause is needed…
Later this week the nation’s six largest banks will start trotting out second quarter earnings that are expected to be significantly lower than earnings in the first quarter. A portion of those earnings could…
The Baltic Dry Index has just dropped for a 32nd straight day, the longest continuous drop in the index in nine years. The BDI measures daily shipping rates for dry bulk vessels that carry…
Uranium ore prices peaked at $136/pound in July 2007 and have fallen nearly 70% since then to $41.75/pound. The drop came as new mines were developed in response to anticipated growth in the nuclear…
A federal district court judge in California ruled Friday that a lawsuit against Apple Inc. (NASDAQ:AAPL) and AT&T (NYSE:T) may proceed as a class action. The suit combines individual lawsuits that argue that Apple…
By John Tamny of Forbes During its yearlong reconstruction, the trade deficits that Washington, D.C. residents held with the “Social” Safeway plummeted. To conventional economists this would be a good thing, but the Safeway example reminds us…
Updated throughout the day. Exxon Mobil (NYSE: XOM) may buy BP plc (NYSE: BP) various BP plc may sell assets in Prudhoe Bay To Apache (NYSE: APA). (various) Blackstone (NYSE: BX) will manage Asian…
Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million…
“Figures provided by FICO Inc. show that 25.5 percent of consumers — nearly 43.4 million people — now have a credit score of 599 or below, marking them as poor risks for lenders. It’s…
Toyota Motor (NYSE: TM), a company in the midst of saving its own image and financial health, will extend a lifeline to a small and struggling car company–Tesla NASDAQ: TSLA), which recently went public.…
The ruling Japanese party, the Democratic Party of Japan (DPJ), lost its control of the upper house of the nation’s legislature. The results may make it harder for the DPJ to push forward it…
The 24/7 Wall Street Corporate Power Rankings of the 32 most important companies in America are determined by earnings, analyst rankings, important corporate news, trends in each firm’s industry, product introductions, management strength and…