Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A) has just reported its Q3-2009 earnings ahead of the formal expectations. This will be perhaps one of the last similar earnings reports with a relative comparisons because…
By Douglas A. McIntyre Some pieces of news are worth mentioning only in passing because they are interesting, but may not mean a thing. CNET says that over 100 people lined up at midnight…
It has been some time in the making and won’t be the last IPO or divestiture out of Citigroup Inc. (NYSE: C). The company is proceeding to divest its Primerica Inc. via an initial…
General Electric Co. (NYSE: GE) may be the one single bright spot taking the market higher this Friday when you consider the 10.2% unemployment rate and when you look over the latest round of…
Updated throughout the day. Citigroup (NYSE:C) will re-launch some of its least successful hedge funds (FT) The stock market is at risk of not holding 10,000. (TheStreet) AIG (NYSE:AIG) will not hold a conference call…
Unemployment data were released today, showing the national rate to have reached 10.2% in October, its highest level since April of 1983. This number is the Government’s headline unemployment number, which is formally…
The Labor Department has just reported the unemployment rate and non-farm payrolls data for October. It isn’t pretty. The unemployment rate screamed up into the double-digit territory to 10.2%. The non-Farm Payrolls shrank by…
These are this morning’s top 10 analyst upgrades, downgrades, and initiations seen from Wall Street research calls: Amazon.com (NASDAQ: AMZN) Raised to Outperform at Bernstein and target raised from $125 to $160. ANSYS (NASDAQ:…
Chinese interests and private capital will build a huge wind farm in West Texas. China-based wind turbine firm A-Power Energy Generation Systems (NASDAQ:APWR) will lead the project. It will cost as much sa $1.5…
By Douglas A. McIntyre British Airways lost $485 million for the six months that ended in September. The airline’s CEO Willie Walsh told the BBC that this has been the “most difficult year in…
The Congressional Oversight Panel has issued its latest report on how the government’s huge bailout of the financial system is going. The most startling part of the document is that it describes the federal government’s $4.5…
Starbucks (NASDAQ:SBUX) does not hand out information about the demographics of its customers, but they are not likely to be people who are poor, indigent, or even lower middle class. The coffee firm announced…
Who is the greatest American CEO of the last decade? Jack Welch, who retired as GE’s (NYSE:GE) chief in 2001. He held his job at the head of the world’s largest conglomerate for 20…
Wal-Mart (NYSE:WMT) is not satisfied challenging rivals like Amazon (NASDAQ:AMZN) and Target (NYSE:TGT) in the e-book and toy businesses. Its program to take the lion’s share of the modest number of consumers likely to…
T-Mobile, the Deutsche Telekom-owned cellular carrier in America, is a failure and an abject one at that. The firm lost 77,000 subscribers in the third quarter. Most analysts blame the attrition on a poor…
Reuters: The Wall St. insider trading probe lead to another 14 arrests. Reuters: Fannie Mae (NYSE:FNM) lost $19 billion and asked Treasury for money. Reuters: GM is readying its plans for Opel as some…
Markets in Asia rose. The Nikkei was up .7% to 9,790. Mitsubishi UFJ (NYSE:MTU) was down. Honda (NYSE:HMC) and Sony (NYSE:SNE) both gained. The Hang Seng rose 1.6% to 21,830. The Shanghai Composite was…
Fannie Mae (NYSE:FNM) recorded a net loss of $18.9 billion for the third quarter of 2009. Including $883 million in dividends on the senior preferred stock, the net loss attributable to common stockholders was…
Starbucks (NASDAQ:SBUX) posted good earnings . Revenue for the quarter ending September 28, 2009 was $2.4 billion compared to $2.5 billion in the same quarter. For the period, EPS was $.20 compared to $.01 last year. The…
CareFusion Corp. (NYSE: CFN) rose over 6% to a yearly hight of $24.34 after reporting first quarter earnings of 39 cents per share, beating analyst estimates. The company also increased its earnings forecast for…