By Bess Levin, Dealbreaker Dick Bove, top ranked analyst covering Morgan Stanley, published a report this morning attacking the Justice Department for keeping its investigation of Morgan Stanley (NYSE: MS) from the company –…
Recently, Greece decided to cut pensions for its public workers as part of the austerity program developed to bring its deficit from 13% of GDP to 3% in three years – an almost impossible task.…
Short sellers are making large bets that tech shares have reached their high point and are likely to sell off based on data from the NASDAQ and NYSE as of April 30. Shares short…
The head of the IMF, Dominique Strauss-Kahn, has encouraged European nations to join forces more closely by aligning their economies more tightly to combat future disasters like the Greek debt crisis. The steps in the…
Concern about employment has dominated American’s worries over the last several quarters, according to Gallup. Surprisingly, or perhaps not upon reflection of the events in Arizona, immigration has become a larger issue with many…
Starbucks Corp (NASDAQ: SBUX), the home of the $4 latte, has moved down market for some time to defend its turf against firms like McDonald’s (NYSE: MCD) which offer less expensive “designer” coffee. The world’s largest…
Apple Inc’.s (NASDAQ: AAPL) products are so successful that when it comes to competing with them, every company that tries gets a swing at the pinata. Very few hit it, at least with any…
Reuters: The SEC said there was no single cause of the market plunge. Reuters: The Senate approved a single audit of the Fed. Reuters: Morgan Stanley Group (NYSE: MS) is the subject of a…
The fact that median home prices rose in 91 out of the 152 largest cities in the US does not mean much, unless the fact is in light of the market’s two-year plunge. The…
France, historically the most self-interested of the Eurozone nations appears to be betting against the continent’s bailout package and its neighbors’ and their economic survival. They are choosing short gain over the region’s long term prospects. According to Zero Hedge, it…
In the biggest economic blow of the Deepwater Horizon spill which is by some estimates releasing 5,000 barrels of crude a day into the Gulf of Mexico, the government has closed 5% of the…
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…
The ash problems aloft over Europe created by an Iceland volcano worsened as the cloud from the eruption began to wander. When the same volcano erupted early in the 19th Century, it belched ash into the…
It is easy to say that JetBlue’s (NASDAQ: JBLU) $10 two-day ticket promotion is simply a gimmick to celebrate the carriers 10th anniversary, but it has dropped other fares to $44. The pricing will…
Inflation in China, largely controlled during the global recession, roared back in April. The increase in prices comes after news that the nation’s manufacturing index has risen since the beginning of the year. The…
The blame cycle that has emerged about which company caused the collapse of the Deepwater Horizon rig has come around to a cement plug. The “device” is supposed to seal the pipe that runs…
Global markets have begun to reject the value of the nearly $1 trillion facility set up by Eurozone nations, the IMF, and the European Central Bank. The influx of capital was supposed to build confidence…
Reuters: Doubts about the EU plan drove markets down. Reuters: SEC and the exchanges will boost market rules to prevent huge sell-offs. Reuters: A Fed official said nations must rebalance their inward and outward capital flows.…
The $1 trillon EU bailout package has not fooled the keen analysts at Moody’s–the same organization that helped bring the world the mortgage-securities catastrophe. The ratings agency clearly thinks that the entire program will…
Perhaps one way to get a read on where housing construction in the US is headed is to look at the companies who supply the lumber that goes into new construction. Louisiana-Pacific Corp. (NYSE:LPX)…