These are this Wednesday’s top 10 analyst upgrades, downgrades, and initiations seen from Wall Street research calls early this morning: Autodesk Inc. (NASDAQ: ADSK) Raised to Buy at Needham. Banco Santander (NYSE: STD) Cut…
Hyundai has recalled 47,000 of its Sonata sedans to fix door lock problems. It does so in an environment in which American consumers are becoming more and more suspicious of the auto industry. Hyundai was…
The conversations about the Greek debt load and deficit focus almost exclusively on programs to get the nation to cut costs in order to balance its budget. That leaves out the revenue and receipts part of…
Google (GOOG) announced that it will test “superfast” broadband in more than 50,000 households and will offer connection speeds that are in some cases one hundred times faster than current services. It is ironic that the…
Consumer confidence as measured by the Conference Board fell sharply this month. The “Present Situation” index fell to a 27-year low at 19.4 points because of the troubled job market and general business conditions.…
Reuters: The Fed will defend the breadth of its power before Congress. Reuters: Hyundai will recall the Sonata because of lock issues. Reuters: The Bank of Japan says it is ready to act on…
Markets in Asia were mixed The Nikkei fell 1.5% to 10,199. Toyota (NYSE: TM) fell. The Hang Seng was off .9% to 20,448. The Bank of China (NYSE: CEO) fell The Shanghai Composite was…
If it follows the patterns of many other antitrust probes of major US tech companies by the EU, Google (GOOG) will be in for scrutiny in major countries around the world. The Wall Street Journal…
There is a reason that 702 American banks, nearly one in ten, were on the FDIC “problem list” as of the end of 2009. A large number of small and mid-sized banks are burdened with home and…
Bank of America Corp. (NYSE:BAC) holders decided that swallowing more dilution was preferable to having Uncle Sam as a business partner. After all, it is easier to have a little less than to have every…
In another blow to the notion that unemployment will improve, those with their feet on the streets looking for jobs are remarkably pessimistic about their prospects. A new Gallup poll shows that 61% of…
By Max Fisher, The Atlantic Wire President Obama unveiled his health care reform plan Monday morning. Forged as a compromise between the Senate and the House, and to a lesser extent between Democrats and…
It is possible to see both clear gains in economic statistics and very clear destruction in the economic statistics. Today’s consumer confidence reading was a major erosion and far worse than expectations. The reading…
Charles Schwab Corp. (NASDAQ: SCHW) is changing its listing from the NASDAQ to the New York Stock Exchange. Technically, this is either again or back to it. The company said that it expects to…
These are this morning’s top ten analyst upgrades, downgrades, and initiations seen in Wall Street research calls this Tuesday: Brocade Communications (NASDAQ: BRCD) Cut to Hold at Jefferies; Cut to Hold at Stifel Nicolaus.…
Consumer Reports released its study of the best vehicles sold in the US. Honda (HMC) finished in first place, Subaru in second, and Toyota (TM) in third. The firm said that it suspended ratings on…
By John Tamny of Forbes Long before Ben Bernanke, Henry Paulson and Tim Geithner were empowered to allegedly save the world’s financial system from collapse, a collection of four central bankers from the…
Updated throughout the day. Canada’s Brookfield may bid against Simon Property Group (SPG) for the assets of real estate from General Growth. (Bloomberg) The deal for GM to sell Hummer to Sichuan Tengzhong Heavy Industrial Machinery…
The press has pointed out that Akio Toyoda, CEO of Toyota, does not spend a lot of his time out of the office shaking hands and kissing babies the way that his US counterparts do.…
One way to predict the future price of oil is to consider how many companies and countries are aggressively pursuing new reserves. China has closed deals around the world in crude-rich regions including Venezuela, Brazil,…