The three major car racing circuits–Formula One, NASCAR, and Indy Car–have built a multi-billion business. Formula 1 revenue, which includes sponsorships and broadcast fees, is estimated to be $3.9 billion, which is more per…
Reuters: Opel must now arrange for GM’s unexpected ownership Reuters: The Fed will probably keep its “easy money” program. Reuters: Toyota (NYSE:TM) will pull out of Formula 1 racing. Reuters: The IEA will cut…
China has approved a plan for Disney (NYSE:DIS) to build a theme part in Shanghai. The American entertainment company has been trying to get a go ahead to build the $4 billion project for several years.…
Kraft (NYSE:KFT) hinted very strongly that it would open a battle with Cadbury for ownership of the British company. GM said it would keep its Opel and Vauxhall European operations about an hour later.…
Economists still expect layoffs in the US and Europe to slow as the recovery gains momentum. Pessimists among experts on GDP growth and job losses believe that the major risk of a double-dip recession…
Markets in Asia rose modestly The Nikkei was up .4% to 9,844. Sony (NYSE:SNE) fell. The Hang Seng rose 1.8% to 21,815. The Shanghai Composite was up .4% to 3,127. At the open in…
The German government went to a great deal of trouble to finance a bid for Canadian parts firm Magna (NYSE:MGA) and a Russian financial group to buy GM’s Opel and Vauxhall operations. GM has…
There are reports from the Financial Times that were also just noted on CNBC that are almost baffling. It seems that the European Commission may issue a formal objection to the Oracle Corp. (NASDAQ:…
Kraft (NYSE:KFT) improved is chances of making a viable bid for Cadbury before the UK government deadline of November 9. The US company beat expectations and raised guidance. Its shares dropped 2% to $27.10,…
The great growth mystery of True Religion Apparel Inc. (NASDAQ: TRLG) might be coming in too light. After the close of trading, the high-end, or at least high-priced, jean and apparel maker posted earnings…
Burlington Northern Santa Fe Corp (NYSE: BNI) surged close to 30% to a yearly high of $97.59 following news that Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) will be buying the freight rail operator for…
It is getting harder and harder to find any flaws in Apple’s (NASDAQ:AAPL) businesses. The company’s shares trade at $190, very near their all-time high. Analysts expect record results from the company for the…
We have four key earnings for technology and media investors and traders due on Wednesday, and one key cult stock. The two biggest for tech which can impact all components of their related sub-sectors…
GM’s sales rose unexpectedly, by 4% in October to 177,603 cars and light trucks. Chevrolet retail sales were especially strong, up 31%. The No.1 US car company said fourth quarter production would be 17%…
Warren Buffett is dumping Moody’s Corp. (NYSE: MCO). We’ll never know until it is already done whether the Oracle of Omaha wants to jettison it entirely from the holdings of Berkshire Hathaway Inc. (NYSE:…
Auriga is a boutique research firm that many have not heard of, but this morning the firm has reiterated its BUY rating on Microsoft Corporation (NASDAQ: MSFT) and its $33.50 price target after yesterday’s…
China Unicom (NYSE:CHU) released its earnings yesterday and as part of its comments to investors it said it had only sold 5,000 iPhones since it started offering the handset. China Unicom posted moderately good earnings. Its…
Updates throughout the day. Updated 10.33 AM EST: Royal Bank of Scotland may have to divest its majority interest in the RBS Sempra Commodities joint venture. (The Deal) Bank of America (NYSE:BAC) may allow its…
These are the top ten analyst upgrades, downgrades, and initiations we have seen from Wall Street research calls this Tuesday morning: Apollo Commercial Real Estate (NYSE: ARI) Started as Overweight at Barclays; Started as…
Best Buy (NYSE:BBY) wants to join the legion of other firms with branded movie download services, although it is not clear why. A number of media sources say that the program will be announced…