The government’s many programs to keep the number of mortgage defaults from growing has grown by one. The new Dead for Lease program will allow some homeowners who face foreclosure to turn their homes over…
i2 Technologies Inc. (NASDAQ: ITWO) is a supply chain management company which has been a takeout stock before. Turns out that is again. In a complicated transaction, JDA Software Group Inc. (NASDAQ: JDAS) will…
GM has decided to keep its European operations, Opel and Vauxhall. Now, it has to figure out how to pay for them. Opel owes the German government over $1.3 billion in bridge financing. It…
Trusting analyst estimates on penny stocks and cult stocks is a tricky business. But SIRIUS XM Radio Inc.(NASDAQ: SIRI) is trading up on heavy volume after its earnings this morning. The satellite radio monopoly…
Updated throughout the day. The New York Yankee victory in the World Series could help stock prices (various) Oracle (NASDAQ:ORCL) could drop its deal to buy Sun (NASDAQ:JAVA) in the face of opposition to…
We have just seen the weekly jobless claims data, and it gets scary when you consider the readings seen from workforce productivity and unit labor costs. It seems as though employers are driving up…
These are this mornings top analyst upgrades, downgrades, and initiations seen early this Thursday from Wall Street research calls: Berkshire Hathaway Inc. (BRK-A) was put on CreditWach (negative) on Wednesday afternoon, which would take…
Angelo Mozilo, the former CEO of Countrywide Financial which was bought by Bank of America (NYSE:BAC), tried to get out of facing government fraud charges, US District Judge John Walter told Mozilo that he will…
Almost no one expected any of the world’s largest car companies to make money this year. Sales around the globe are simply down too much and efforts to cut costs have not been enough…
There has been plenty of evidence that firms like Goldman Sachs (NYSE:GS) have had such huge profits that their bonus payouts may be at all-time highs. The federal government has systematically begun to control…
The private equity business has been unkind to the firms that have done the largest LBO deals of the last year. That only makes sense. Leverage has been beaten down by the recession. PE…
It is only natural to think that the rising number of people who are on cellphones and the internet for hours a day would be less likely to interact with the people around them.…
Reuters: Toyota (NYSE:TM) returned to a profit. Reuters: The Fed will keep rates near zero for an extended period. Reuters: Cisco (NASDAQ:CSCO) beat forecasts. Reuters: Gold is near $1,100.
Markets in Asia were mixed. The Nikkei fell 1.3% to 9,747. Sony (NYSE:SNE) fell. The Hang Seng was down .6% to 21,479. The Shanghai Composite rose .7% to 3,156. At the open in Europe,…
Apple recently started publishing a list of the top grossing applications in its App Store. Since its inception the App Store has posted over 2 billion downloads. The App Store effectively operates like a…
Router and video infrastructure giant Cisco (NASDAQ:CSCO) posted better-than-expected quarterly numbers for the period ending October 24, its first fiscal of the year. Revenue fell 13% to $9 billion. EPS was $.39, down 19%. …
The Federal Open Market Committee’s notes said that economic activity has picked up since the group’s September meeting, but certainly not enough for the Fed to do anything about it. The FOMC said it will…
There may have been a time when Intel (NASDAQ:INTC) wanted to be the next Microsoft (NASDAQ:MSFT), at least in terms of earnings, market cap, and share of market. It has, in essence, followed in…
Yesterday’s surprise move from India that sent gold through the roof to almost $1,085.00 per ounce was a game changing event in gold. Many technical analysts and chartists were looking for, or at least…
It will be a shame when the day comes that Apple can’t put out good news every day. The market has become used to it. Apple (NASDAQ:AAPL) now has the 9th highest market cap…