China’s stimulus package may work too well. The world’s most populous nation is still building many factories even though its exports remain low. Building the facilities creates jobs and offers the country the chance to be…
Reuters: Saab’s failure to be bought shows that Chinese companies are having trouble moving into Western markets through M&A. Reuters: AIG (NYSE:AIG) and former CEO Greenberg settled legal issues between them. Reuters: Dubai will…
Markets in Asia fell. The Nikkei was off .6% to 9,383. The Hang Seng fell 1.8% to 22,210. The Shanghai Composite was down 3.6% to 3,171. At the open in Europe, the FTSE fell…
Black Friday is under 48 hours away. We have seen much data and much analysis out there on the topic, but there are two fairly easy conclusions here…. well, make it three. First is…
The Department of Energy has just released this week’s oil inventories data. While there are gains almost on all counts, this may not be enough. The key ETFs that react to the news are the Oil…
Updated throughout the day Calpers has launched an investigation of its own oversight practices (LA Times) Hedge fund assets may rebound to pre-crisis levels (Reuters) GE’s (NYSE:GE) stock price is about to take a run…
Garmin Ltd. (NASDAQ: GRMN) took it on the chin in recent weeks after Google Inc. (NASDAQ: GOOG) launched its personal navigation system as an app on its new smartphones for free. Despite the company’s…
We just had a deluge of economic data in Personal Income & Spending for September, a rather solid figure on weekly jobless claims and in continuing jobless claims, and a somewhat tepid durable goods…
These are this mornings top 10 analyst upgrades, downgrades, and initiations seen from Wall Street research calls. In fact, because today is a short day or partial off for most, there are not even…
More than 13% of people who went to the top 500 retail websites went to Walmart.com for the week ending November 21. The number was up 77% from the previous week, which is not…
Starbucks (NASDAQ:SBUX) wants to follow Wal-Mart (NYSE:WMT), McDonald’s (NYSE:MCD), Dell (NADSAQ:DELL) and hundreds of other large American companies into China. It is the promised land for consumer spending. The middle class in the world’s…
The minutes of The Federal Reserve Board and the Federal Open Market Committee for November 3 and November 4 are a study in contradiction and perhaps even confusion. Members of the committee almost all…
FDIC chair Sheila Bair, who would seem to be one of the less important members of the government’s financial team, yesterday strongly suggested that secured creditors at the largest banks bear losses of as much as 20%…
Reuters: Chinese banks must raise large sums of capital which could test equity markets. Reuters: AIG’s (NYSE:AIG) CEO had his pay package approved. Reuters: The Fed sees growth but substantial policy risks.
Markets in Asia were higher. The Nikkei rose .4% to 9,442. Mitsubishi UFJ (NYSE:MTU) was down. Sony (NYSE:SNE), Toyota (NYSE:TM), and Honda (NYSE:HMC) rose. The Hang Seng was up .7% to 22,590. The Shanghai…
It seems that the end of the recession notices via positive GDP has not reached Main Street America, at least as far as paying for their single-family house. Fannie Mae (NYSE: FNM) has just…
Merck & Co., Inc. (NYSE: MRK) barely has its Schering-Plough deal behind it. And today came the announcement of its dividend rate, but more importantly came word of a large share repurchase program. The…
The November 3 to 4 Minutes of the FOMC meeting are now out, and as you have been told over and over (and over and over)…. It has the flexibility to keep rates low…
Ciena Corp. (NASDAQ: CIEN) is trading higher today, a day after it’s weakness on the announced buyout of the Nortel assets. Continuing to pick on it about the risks, the leverage, and the potential…
We recently discussed the changes that have taken place inside Berkshire Hathaway Inc. (NYSE: BRK-A) as Warren Buffett has gone higher up the food chain. In his more focused and more opaque approach, it…