24/7 Wall St. TV: GM Doubles China Sales In October
GM sold 166,911 cars and light trucks in China last month. The No.1 US auto company sold 177,603 vehicles in its domestic market in the same period. The FT reports that “A total of…
All Work
Douglas A. McIntyre
Today’s Best Market Rumors (11/9/2009) (RAI)(WFC)(NWS)(JAVA)(GE)(S)(CLWR)
Updated throughout the day. Updated at 11.49 AM EST: Reynolds Americam (NYSE:RAI) may buy Niconovum, a Swedish maker of nicotine gum and mouth sprays (Boomberg) Updated at 10.12 AM EST: Wells Fargo (NYSE:WFC) may…
Top Day Trader Alerts (ARIA, EWBC, GE, MCD, ANF)
These are this Monday’s top day trader and active traders stock alerts. We have a link for more detailed analysis and price/volume data at VSInvestor.com: Ariad Pharmaceuticals (NASDAQ: ARIA) is up 10% as traders…
If Obama Is So Bad, Why Are the Markets Up?
John Tamny , Forbes Recently the Dow Jones Industrial Average passed the psychologically significant 10,000 mark. This is an impressive feat for an index that was trading in the 6,000 range less than nine…
Top 10 Analyst Upgrades, Downgrades, Initiations (ADBE, ARIA, BX, CMO, CRL, GPS, RHT, RSH, VECO, VRSN)
These are this Monday’s top ten analyst calls with upgrades, downgrades, and initiations in Wall Street research calls: Adobe Systems (NASDAQ: ADBE) Raised to Buy at Goldman Sachs. Ariad Pharmaceuticals (NASDAQ: ARIA) Raised to…
Activision (ATVI) “Call Of Duty” Could Set All-Time Video Game Record
Activision Blizzard (NASDAQ:ATVI) is about to release its “Call of Duty: Modern Warfare II: video game. Sales are expected to be half a billion dollars in the first week. That would make it the biggest entertainment…
Oil Prices: Hurricane Ida Heads Toward Gulf Deep Sea Drilling Platforms
By Douglas A. McIntyre It has been months since a hurricane posed a real threat to oil rigs in the Gulf of Mexico. Now, Hurricane Ida is entering the region from the west after…
Goldman Sachs Is Doing “God’s Work
By Douglas A. McIntyre Lloyd Blankfein, the CEO of Goldman Sachs (GS) has put an unusual spin on the bank’s activities. He says his firm is doing “God’s work.” This may seem like an…
Wal-Mart (WMT) Lends Hand To The Poor One $2 Meal At A Time
The cynic’s view of Wal-Mart’s (NYSE:WMT) new expansion of its Great Value private label food brand is that it is aimed at making as much money as possible from those who are out of work…
NBC Universal Gets A $30 Billion Valuation
NBC Universal, the entertainment arm of GE (NYSE:GE) which is 20% owned by Vivendi, is worth $30 billion. That is the figure that GE and Comcast (NASDAQ:CMCSA), the cable company that intends to take…
Waiting For Another Recession In The Spring
Some experts raised the issue of how long the recovery can last as unemployment went over 10% last week and the total number of people out of jobs or looking for full-time work topped…
Microsoft (MSFT) Windows 7 And The Renewal Of The PC Industry
Microsoft (NYSE:MSFT) Windows 7 sales in the first week after its introduction last month outdid Vista sales during the first week after its launch in January 2007 by 234%, according to industry research firm…
24/7 Wall St. TV: McDonald’s (MCD) Consumer Service Lesson: Seconds Count
McDonald’s (NYSE:MCD) spends a great deal of its test kitchen time trying to beat the clock. It has occurred to the fast food chain that a customer who expects to wait 30 seconds for…
Media Digest 11/9/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Hurricane Ida is heading toward Gulf oil fields. Reuters: Kraft (NYSE:KFT) will make its bid for Cadbury. Reuters: GE (NYSE:GE) and Comcast (NASDAQ:CMCSA) have agreed to an NBCU valuation. Reuters: The IMF is…
Asia Markets And Europe Open 11/9/2009
Markets in Asia rose. The Nikkei was up .2% to 9,809. The Hang Seng rose 1.7% to 22,208. The Shanghai Composite was up .4% to 3,175. At the open in Europe, the FTSE was…
Top 10 Earnings on Deck This Week (ERTS, ENER, PCLN, SQNM, TYC, AMAT, M, JWN, WMT, DIS)
Earnings season has wound down now with over 85% of the S&P 500 Index having reported. Still, there are some key companies posting their quarterly results and some companies were screened out of this…
GM To Axe Jobs At Opel
GM executive Bob Lutz, who has been a senior executive in the car industry longer than any man alive, will become the new chairman of Opel. GM has decided to keep ownership of Opel…
AES Debate: China’s Infrastructure Grab (AES)
China is at it again buying key infrastructure access. AES Corp. (NYSE: AES) disclosed on Friday, along with earnings, that the company was raising significant cash. This is a capital raise which also may…
United Security Of Sparta Georgia Is 116th Bank Failure Of 2009
United Security Bank, Sparta, Georgia, was closed by the Georgia Department of Banking and Finance, which appointed the FDIC as receiver. The two branches of United Security Bank will reopen during their normal business…
Home For The Holidays: Consumer Credit Falls Apart
It looks more and more like people will not be traveling or shopping this holiday season. The Federal Reserve released its monthly consumer credit report which showed activity decrease at an annual rate of 6 percent…