These are this Tuesday morning’s top 10 analyst upgrades, downgrades, and initiations seen in Wall Street research calls: Adobe Systems (NASDAQ: ADBE) Started as Market Outperform at JMP Securities. BB&T Corp. (NYSE: BBT) Raised…
TransUnion reports the auto loan delinquency moved up sharply in the third quarter. The national 60-day auto delinquency rate (the ratio of auto loan borrowers 60 or more days past due) rose between the…
China’s manufacturing economy appears to have almost completely recovered. The purchasing managers’ index released by HSBC Holdings Plc rose to a seasonally adjusted 55.7 from 55.4. A second measure, The Purchasing Managers’ Index (PMI) of China’s…
One of the most important aspects of the huge healthcare program working its way through Congress is that the $800 billion or more that will be spent to improve the system will bring insurance…
There have been warnings for months that commercial real estate defaults would be the next plague to bank earings. Then Dubai indicated that it would default on some of its obligations. The kingdom in…
The head of the credit card operations at Bank of America (NYSE:BAC) believes that credit card write-offs will not continue to rise, and that they hit their high point in the last half of…
There are bits of research that say holiday e-commerce sales rose in the double digits over the Thanksgiving weekend and did even better on Monday. E-commerce sales have risen as a total percentage of retail…
Reuters: A $25 billion debt plan for Dubai World helped calm markets. Reuters: GE (NASDAQ:GE) and Vivendi agreed to value NBCU at a price which gives the French company $5.8 billion for its 20%…
Markets in Asia were sharply higher The Nikkei rose 2.4% to 9,572. The Hang Seng was up 1.4% to 22,086. HSBC (NYSE:HBC) rose. The Shanghai Composite was up 1.3% to 3,235. At the open…
Several news media outlets are reporting that GE (NYSE:GE) has a deal to buy the 20% of NBC Universal that Vivendi owns for $5.8 billion. This will clear the way for GE to sell…
CSG Systems International Inc. (NASDAQ: CSGS) rose nearly 19% to a yearly high of $19.41 after the billing service provider announced that it has extended its contract to provide customer and billing service to…
Human Genome Sciences, Inc. (NASDAQ: HGSI) is rasing cash. The company announced that it is selling up to 12.5 million shares of common stock. The company earmarked funds for general corporate purposes, which includes…
The big news about November car sales is that Chrysler continues to lose market share at a remarkable and unsustainable rate. Edmunds predicts that Chrysler sales will drop 35% from the same month last year,…
You might think that companies tend to repurchase fewer and fewer shares in their share buyback plans when shares rise and rise. When you compare the moves from the March 9 close, the price…
Charter Communications Inc. (CHTRQ) has just announced that it has completed its financial restructuring and has emerged from Chapter 11 protection. The problem here is that Charter’s life was a slash and burn for…
There is a slew of economic data hitting the tape this week. Friday’s report from the Labor Department on Unemployment and the change in non-Farm Payrolls will dwarf all economic reports. The consensus estimate…
By Douglas A. McIntyre Boeing (NYSE:BA) 777 aircraft engines can ice up and stop working. The engines in question are made by Rolls-Royce, and although the problem is very rare, it is dangerous. The…
American International Group, Inc. (NYSE: AIG) is under far less pressure right at the open than many might have expected. While it settled some of its Hank Greenberg issues last week, the stock was…
Las Vegas Sands Corp. (NYSE: LVS) failed to see any huge boost of its Asian asset IPO in Hong Kong. Shares fell 10% on its debut that raised about $2.5 billion. Sands China Ltd.…
Updated throughout the day. Updated 12.24 PM EST: HSBC (NYSE:HBC), Barclays (NYSE:BCS), and Standard Chartered may have large exposure to Dubai debt problems. (NYTimes) 12.08 PM EST: Google (NASDAQ:GOOG) is about to launch its…