SIRIUS XM Sees Cash Flow Positive 2009 (SIRI)
SIRIUS XM Radio (NASDAQ: SIRI) appears to have managed to outshine the recession in 2009. The company disclosed today that it added just over 257,000 net subscribers in the fourth quarter of 2009. It…
All Work
Douglas A. McIntyre
IBM, When Solid Is Not Solid Enough (IBM)
DJIA component International Business Machines Corp. (NYSE: IBM) is out with earnings for its fiscal 2009 year-end and Q4 period. The report looks to leave something for everyone here. Big Blue posted earnings of…
Can Ethanol’s Comeback Last? (PEIX, STKL, CZZ, GPRE, KMP, VLO, SUN, BFRE)
Toward the end of 2008 (and even sooner), ethanol may have seemed like a fad that came and went. Then came the dull year of 2009 that seemed as though it would yield little. …
America’a Most Beloved And Hated CEOs
Glassdoor keeps tabs on employee impressions of management and work conditions at major companies. The survey site has more than one million users who review over 70,000 firms. These companies represent all industries, 100% of the Dow…
SPACUpdate Sees More SPAC Developments (CIO, AXG, NLX, DJSP, HMR)
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. Deal news has been seen in Asia Special Situation Acquisition…
Top Day Trader Alerts (GNVC, BLDP, CIEN, NLST, BIDU)
These are the top pre-market day trading and active trading stocks we have seen for trading on Tuesday morning. We included a time stamp on each as they were taken over the last 20…
Today’s Best Market Rumors (1/19/2010) (AIG)(AMR)
Updated throughout the day. Goldman Sachs (NYSE:GS) will delay its bonus announcement for UK workers until next week. (Reuters). AMR (NYSE:AMR) will seek carrier partners in China if its proposed investment in JAL is turned down as expected. (CNBC) Microsoft…
Top Analyst Upgrades and Downgrades (BAX, CIEN, GNW, IMAX, JASO, MCD, OSIS, POT, PM, RYAAY, VALE)
These are this Tuesday morning’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls: Baxter International (NYSE: BAX) Cut to Hold at Citigroup. CIENA Corporation (NASDAQ: CIEN) Raised to Outperform at…
Citigroup (C) Sells Off Slightly On Earnings News
Citigroup’s (NYSE:C) shares dropped 1.5% to $3.37 after it announced fourth quarter and full-year earnings. Citigroup 2009 managed revenues increased 49% to $91.1 billion, up from $61.2 billion in 2008 reflecting, in part, the absence…
Gloomy Jobs Picture Ignores How Jobs Are Created
John Tamny of Forbes Not surprisingly, the latest unemployment report has elicited all sorts of hand-wringing over the future jobs’ picture for today’s workers. Former Labor secretary Robert Reich told USA Today that “We’re…
Wives Begin To Take Over As Top Family Earners
Wives are increasingly becoming the top earners in American households. The Pew Research Center reports that in 2007, in 22% of households wives earned more than their husbands. That is up from 4% in…
China Restricts Smoking And Philip Morris (PMI) Gets Smoked
Two trillion cigarettes are sold in China each year. Sixty-percent of adult men in the People’s Republic are smokers. The AP reports that China will ban smoking indoors in seven of the nation’s big provincial…
JAL Bankruptcy: Will The US Help Its Carriers, If Necessary?
JAL finally gave up the ghost after months of negotiation with creditors and large banks. The Japanese government gave the airline access to a modest credit facility. That was not nearly enough. The bankruptcy…
Cadbury (CBY): Money Changes Everything
The Kraft (NYSE:KFT) deal to buy Cadbury (NYSE:CBY) was concluded today at a purchase price of about $19.44 billion. That was all it took to close the deal–a rich offer made and accepted. It…
Media Digest 1/18/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Kraft (NYSE:KFT) has a deal to buy Cadbury (NYSE:CBY) for about $19 billion. Reuters: China says Google (NASDAQ:GOOG) and other foreign firms must respect its laws. Reuters: JAL is going bankrupt.
Asia Markets And Europe Open (1/19/2010) JAL Goes Bankrupt
Markets in Asia were mixed. The Nikkei was down .8% to 10,765. Honda (NYSE:HMC) and Toyota (NYSE:TM) dropped and JAL filed for bankruptcy after the close. The Hang Seng rose .9% to 21,661. The…
24/7 Wall St. 2010 Major Retailer Store Closing List
Each year some large retailers face the fall-out of a weak holiday season. The problem was particularly acute in 2009 because the improvement from 2008 was modest if there was any improvement at all.…
24/7 Wall St.’s Corporate Power Rankings (Week 2)
The 24/7 Wall Street Corporate Power Rankings of the thirty-two most important companies in America are determined be earnings, analyst rankings, important corporate news, trends in each firm’s industry, product introductions, management strength and…
International Equity Markets on Martin Luther King Day
If you are in the United States, we know that you didn’t go the bank, the post office, any government office, court houses, and you probably didn’t trade. While you were enjoying your day…
Kraft Makes Friends With Cadbury, Buffett Loses
The rumor mill is at work. Kraft (NYSE:KFT) may have entered friendly talks with Cadbury (NYE:CBY) to end the ongoing battle caused by the American company’s hostile takeover offer for the UK firm. The…