The Commerce Department announced GDP growth of 3.5% for the third quarter, putting an exclamation point to the end of the recession. The power behind the improvement was, as usual, the consumer who has…
Reuters: The US economy is stable but risks remain according to Geithner. Reuters: JPMorgan (NYSE:JPM) raised concerns about Galleon in 2001. Reuters: As many as five million Americans have been infected with H1N1. Reuters: …
Markets in Asia were higher. The Nikkei rose 1.5% to 10,034. Sony (NYSE:SNE) cut the forecast of its full-year loss The Hang Seng was up 2.2% to 21,731. CNOOC (NYSE:CEO) traded higher. The Shanghai…
Wynn Resorts Ltd. (NASDAQ: WYNN) may have set a high bar for Las Vegas Sands Corp. (NYSE: LVS) and its earnings report today, but cost cuts helped the company to beat its estimates. Las…
The market has just absorbed over $500 million worth of stock in secondary offerings today alone. We have offerings that came from Atlas Air Worldwide Holdings, Inc. (NASDAQ: AAWW), Dollar Thrifty Automotive Group, Inc.…
It has become commonplace to see initial public offerings from earlier private equity holdings that were once public and taken private. Yet it is very odd to see a company get acquired in a…
Yahoo! Inc. (NASDAQ: YHOO) had its analyst day on Wednesday and the comments started coming out late yesterday. This was the first real show and tell session it has had with Wall Street in…
Updated throughout the day. Updated 10.45 AM EST There is not as much cash on the sidelines as most investors expect. (Reuters) Yahoo! (NASDAQ:YHOO) has frozen hiring on the team evaluating integration with the…
The Commerce Department has reported in Q3-2009 Gross Domestic Product figures. We had 3.2% as the official estimate, but Goldman’s drop late yesterday took expectations lower. Bloomberg had consensus at 3.0% for GDP. The…
If you think oil companies make too much money regardless of what the numbers are, you might consider looking at just how sensitive the companies are to the price of oil. The 2009 vs.…
These are this Thursday morning’s top 10 analyst upgrades, downgrades, and initiations we have seen in early research calls from Wall Street: ArcelorMittal (NYSE: MT) Raised to Buy at Societe Generale. BioMarin Pharmaceutical Inc.…
More thrilling news about the Galleon insider trading case come out every day. The latest is that several media outlets are reporting that the hedge fund paid out $250 million to its banks last…
The $787 billion economic stimulus package is meant to save or create 3.5 million jobs. That goal may be much less important than it was when the package was first approved by Congress. Unemployment will…
It looks like Nintendo may finally be pulled of its perch as the No.1 video game console company in the world. It announced April to September 2009 earnings and part of the data the firm gave…
Bloomberg does a poll of its terminal subscribers from time to time. The most recent was done among 1,452 people from October 23 to October 27. The question and answer that will probably get the…
Costco (NASDAQ:COST) is supposed to be the big-box retailer that caters to affluent shoppers and business. The recession may have got the better of the company. It will start taking Food Stamps. A number…
The price of being dead just dropped. It is a good thing, given the troubles in the economy. Wal-Mart is beginning to sell caskets and urns at walmart.com. Some of the caskets are prices…
Reuters: House Democrats unveiled their healthcare bill. Reuters: Senators may extend home purchase credits until April. Reuters: China will launch a case against The Big Three auto companies. Reuters: Galleon paid Wall St. bankers…
Markets in Asia fell sharply. The Nikkei fell 1.8% to 9.891, Mitsubishi UFJ (NYSE:MTU) rose. The Hang Seng fell 2.7% to 21,173. HSBC (NYSE:HBC) and PetroChina (NYSE:PTR) fell. The Shanghai Composite dropped 2.3% to…
Yahoo! Inc. (NASDAQ: YHOO) issued an SEC filing noting that it and Microsoft Corp. (NASDAQ: MSFT) have extended the negotiating time on the previously announced search pact. Without getting to participate in the drawing…