Expedia Inc. (NYSE: EXPE) is looking solid on all fronts. Online travel is winning despite tight purses on direct travel as buyers look for better deals. Last night the online travel company beat earnings…
These are this Friday mornings top ten analyst upgrades, downgrades, and initiations of coverage from Wall Street firms: Coach Inc. (NYSE: COH) Raised to Buy at Jefferies. Investment Technology Group (NYSE: ITG) Cut to…
In a clear display of how much money is chasing investment in the equities markets in China, the new small cap stock market, ChiNext, had a spectacular debut. The average value of the 28 companies in…
The film of Michael Jackson’s rehearsals for his British concert tour was a big risk for Sony (NYSE:SNE) which apparently put up $60 million for the rights to the footage. The gamble paid off.…
Amazon (NASDAQ:AMZN), Target (NYSE:TGT), and Wal-Mart (NYSE:WMT) are apparently sharply limiting the number of books customers can buy under their programs to sell popular titles at discount prices. Book publishers have already claimed that…
The SEC missed a number of signals in the Bernie Madoff case. Some concerns were raised by his clients and Barron’s years before he was caught. It seems that a similar pattern holds true with Raj…
The old media is running out of time. The online editions of The Washington Post (NYSE:WPO), New York Times (NYSE:NYT), and Time, Inc (NYSE:TWX) properties do well, but not well enough to off-set losses…
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…