The bad news is just beginning for Toyota (TM). The eight million vehicles the company has recalled, the shut down production of eight of its most popular cars, and potential brake defects with its…
Cisco Systems Inc. (NASDAQ: CSCO) had a bullish bias going into earnings as far as the options traders were concerned. The networking giant has posted earnings of $0.40 EPS on an 8% revenue gain…
Exide Technologies (NASDAQ: XIDE) is getting crushed today after news that the company was notified by Wal-Mart Stores Inc. (NYSE: WMT) that the retailer will stop selling the company’s auto batteries in WalMart stores. …
MCV, the games business site, reports that Take-Two Interactive (NASDAQ:TTWO) will lay-off 400 people, or 20% of its work force. The company’s VP of Corporate Affairs, Alan Lewis, denied the rumor but said a corporate…
From The Atlantic Wire, By Max Fisher As health care costs balloon, swelling the budget and the deficit, elderly Americans are consistently the biggest consumers. This isn’t their fault. They simply require more–and more…
The Department of Energy has released some mixed data on weekly oil inventory data, and the take for refining is looking just as bad still or actually worse in February compared to the Q4-earnings…
Challenger, Gray & Christmas announced that layoffs disclosed by major US firms last month hit 71,482 in January up from 49,094 in December. Downsizing at ten companies made up a third of the total:
These are this morning’s top day trader and active trader alerts with a brief explanation of the news behind the moves: Acme Packet, Inc. (NASDAQ: APKT) up 14% at $12.21 on 28,000 shares after…
Updated throughout the day. The US could lose its Aaa bond rating at Moody’s (CNBC) Obama will outline a significant stimulus for alternative energy (Reuters) Bank of America (NYSE:BAC) will pay out nearly $4…
Home Diagnostics, Inc. (NASDAQ: HDIX) is this morning’s top pre-market gainer, on news of a buyout. The company has agreed to be acquired by Nipro Corporation for $11.50 per share in a $215 million…
These are this Wednesday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls: Baidu Inc. (NASDAQ: BIDU) Reiterated Buy but target raised to $550 at Goldman Sachs. Canadian Natural Resources (NYSE:…
Toyota’s (NYSE:TM) problems get worse with the passing of each day. The company recalled about eight million vehicles worldwide from problems with accelerators. Toyota then shut down production for most of the models which…
The federal government forever has the habit of reinventing the wheel when a perfectly good wheel is already available. Paul Volcker and his allies on Capitol Hill would like banks that take deposits to refrain…
The trend begun by Goldman Sachs (NYSE:GS) to pay bankers and management generous bonuses has begun to move to other financial firms. AIG (NYSE:AIG) said it had been able to get back only $20…
Better to be able to have a credit card than to own a home. TransUnion reports in a new study that the percentage of people current on their credit cards but delinquent on their mortgages rose…
Reuters: Volcker believes that banks should not be allowed to make risky trades. Reuters: Toyota (NYSE:TM) sales dropped after its recall announcements. Reuters: More US consumers are paying credit cards before mortgages. Reuters: Bank of…
Markets in Asia were higher. The Nikkei rose .3% to 10,404. Toyota (NYSE:TM) rose and Honda (NYSE:HMC) posted strong earnings. The Hang Seng was up 2.2% to 20,708. The Shanghai Composite was higher by…
Ford (NYSE:F) did not bother to put it in the fine print, not exactly. The firm’s January sales rose 24.6% to 116,543 from 93,506. That includes 4,128 Volvos sold last month. Fleet sales represented…
Trimble Navigation Limited (NASDAQ: TRMB) is seeing some mixed reaction after earnings offer no major boom nor a major bust for the world of global positioning companies and the new competition of free apps…
The only thing surprising about Toyota’s (NYSE:TM) January sales results is that they were not worse. Its recalls will probably catch all the way up with them in February. Toyota’s unit sales for last month…