Late Friday night, after a really poor market day, Hyatt Hotels issued an amended S-1 for its planned initial public offering. Because of last week’s market volatility, we are getting mixed signals about both…
Updated throughout the day. Updated 1.05 PM EST: Las Vagas Sands (NYSE:LVS) will try to raise $2.5 billion though an IPO in Hong Kong (AP) Updated 11.12 AM EST: Pfizer (NYSE:PFE) is considering a…
This is a strange morning for day trader alerts. There are not dozens and dozens of stocks in the big news, but those that are moving are moving big. We have links through on…
These are this Monday’s top ten analyst upgrades, downgrades, and initiations seen from Wall Street research firms: Biogen Idec (NASDAQ: BIIB) Raised to Buy at Jefferies. Incyte Corporation (NASDAQ: INCY) Started as Outperform at…
The five hundred largest non-financial companies in the U.S. hold $994 billion in cash and short term investments, up about 8 percent from last year, according to an exclusive study conducted by The Wall Street…
By John Tamny of Forbes The great economist Henry Hazlitt once observed that “Economics is haunted by more fallacies than any other study known to man.” Were Hazlitt alive today, he surely would have…
The UAW rank-and-file may have given Ford a little fit over the weekend by voting down a contract with the No.2 US car company. Monday dawned a better day as Ford may the surprise…
In a statement that must send chills up the spines of other tech CEOs, Microsoft’s (NASDAQ:MSFT) Steve Ballmer said that the vicious recession may have reset IT spending to a level which will never…
Sony (NYSE:SNE) just announced its fourth consecutive quarterly loss. Part of that was due to red ink at its studio division. Its best chance for a blockbuster film in the current quarter is almost certainly…
In the United States, people will line up for blocks and camp out in the cold to be the first customers into Apple’s (NASDAQ:AAPL) retail stores when the consumer electronics wonder introduces a new product.…
All of the tax evasion cases brought against customers at Swiss banks would lead most analysts to believe that it is the world capital of hiding money. Numbered Swiss bank accounts are a legend…
Wal-Mart (NYSE:WMT) becomes more aggressive in soliciting new customers and undercutting rivals as each week passes. It has the balance sheet and retail locations to do those things. The world’s largest retailer recently cut…
Reuters: Investors in the banking sector were disturbed by the CIT (NYSE:CIT) bankruptcy. Reuters: Summers will lead a high level meeting on the economy. Reuters: US companies are holding more cash. Reuters: The Fed…
Stocks in Asia were lower. The Nikkei fell 2.3% to 9,803. The Hang Seng was down .7% to 21,609. The Shanghai Composite rose 2.7% to 3,077. At the open in Europe, the FTSE was…
China managed to pull another rabbit out of its growth hat. The world’s most populous nation said its GDP grew 8.9% in the third quarter. Some outside analysts are skeptical about how China keeps…
The efforts of Cadbury’s board to keep the company out of the clutches of Kraft (NYSE:KFT) will likely fail because no second bidder has emerged. The Times says that Kraft will make a hostile…
According to The Wall Street Journal, CIT (NYSE:CIT) will file for Chapter 11 today. Bondholders will probably provide $4.5 billion in financing for a prepackaged bankruptcy. Senior creditors will likely get $.70 on $1. Carl…
The World Economic Forum published its most recent Financial Development Report. In the executive summary of the study, written by Nouriel Roubini and James Biodeau, fifty-five countries were graded on seven scales: institutional environment,…
Earnings season is seeming to wind down here, but that won’t stop the unusual suspects of key equity events and issues to watch this coming week. We are looking into key issues for the…
The UAW rank-and-file rejected a labor pact with Ford (NYSE:F) even though the car company offered each member of the union $1,000 to agree to the deal The No.2 US auto company now has to…