The National Association of College and University Business Officers reports that college endowments lost a substantial part of their value in 2009. A Wall Street Journal analysis of the report says that “American colleges and…
Michael Milken, the junk bond king, who lost his reputation and hair piece when he went to prison for violation of securities laws in 1990, would appreciate the struggles of Portugal and Greece. The two nations…
Treasury Secretary Timothy Geithner was cross-examined yesterday by the House Oversight and Government Reform committee. The lawmakers could not understand why AIG (AIG) got $182 billion in taxpayer bailout cash. They said that it was an…
By Douglas A. McIntyre Toyota’s (TM) recall of cars with floor mat and accelerator problems is likely to spread to Europe where many of the same defects exist. That would bring the worldwide recalls…
Jeff Bezos, the founder of Amazon (AMZN), does not want to see Steve Jobs, the co-founder of Apple (AAPL), take away the e-reader market with the new Apple iPad. The iPad does almost all the things that…
By Paul Ausick of 24/7 Wall St. United Airlines (UAUA) today reported a fourth-quarter loss of $176 million, EPS -$1.05, compared with average estimates of an EPS of -$1.47. The reported loss excludes gains…
Reuters: The Toyota (NYSE:TM) recalls grew to 8 million. Reuters: Citigroup (NYSE:C) is considering selling its real estate unit. Reuters: Wall St. will fight Obama’s plan for the banking system. Reuters: Obama said he…
Markets in Asia were higher. The Nikkei rose 1.6% to 10,414. Honda (NYSE:HMC) and Sony (NYSE:SNE) rose. Toyota (NYSE:TM) fell on recall news. The Hang Seng rose 1.6% to 20,351. The Shanghai Composite was…
Short sellers made bets across the board against the telecom industry for the period that ended January 15. Investors may be worried about price wars amongh carriers and handset companies as they fight for…
Qualcomm Inc. (NASDAQ: QCOM) is falling into the category of the stocks we wanted to avoid this earnings season. That category is companies with mediocre or poor earnings reports after shares have risen considerably…
SIRIUS XM Radio Inc. (NASDAQ: SIRI) is a very under-followed stock considering how the company has such a cult following, millions of subscribers, and that its market cap is close to $3 billion. Yet…
The much anticipated Apple (NASDAQ: AAPL) tablet has finally debuted under the name “iPad.” It will sell for as little as $499, making it available to potentially huge market. Despite Apple’s secrecy concerning the…
The refining industry has been under pressure for some time. It seems that rising prices were not a shoe-in for windfall profits at all. A rapid drop in oil prices was also not a…
The Federal Open Market Committee has just kept rates steady at the ongoing 0.00% to 0.25% rate target. The vote today was 9-1 rather than unanimous, with KC’s Hoenig being the dissenting vote. The…
J.C. Penney (NYSE:JCP) sent 24/7 Wall St. a reaction to the 2010 Major Store Closing List: Mr. McIntyre… After reading the 24/7 Wall Street “2010 Major Retailer Store Closing List” entry from Jan. 19, we…
New home sales in December went back the wrong way, which was largely expected considering the data we had already seen from the housing sector in the last week. The problem is that the…
We have been given some exclusive coverage on the recent developments in special purpose acquisition companies and blank check companies from SPACupdate .com this morning. There have been key developments in Overture Acquisition Co.…
These are this Wednesday’s top day trader and active trader alerts. We have more details and analysis with a link to each full story over at VSInvestor.com: Human Genome Sciences (NASDAQ: HGSI) is trading…
These are this Wednesday’s top 10 analyst calls for upgrades, downgrades, and initiations seen in Wall Street research: AK Steel (NYSE: AKS) Raised to Buy at Goldman Sachs. Amazon.com (NASDAQ: AMZN) Raised to Buy/$155…
Updated throughout the day. The Fed may gamble that it can end purchases of mortgage paper without hurting the housing market (Bloomberg) Microsoft (MSFT) Window Mobil 7 will be out this summer (CNET) Oracle…