Wall St. will not be the only place where key workers will get multi-million dollar bonuses this year. RBS (NYSE:RBC), a UK financial firm which came within days of failing and received massive government aid, will…
This week is going to make last week’s earnings flood look like elementary school. We have the floodgates opening for technology, web, software, hardware, and IT, and 24/7 Wall Street has previewed 14 of…
It was just in August that practically every single initial public offering was trading above its IPO price. The market had rallied significantly, and still rallied after that to just this week have a…
Table 1. Total Receipts, Outlays, and Deficit (in billions of dollars) Receipts Outlays Deficit FY2008 Actual 2,524 2,978 -455 FY2009 Estimates May 2009 Budget 2,157 3,998 -1,841 August 2009 Mid-Session Review 2,074 3,653…
When GM”s board was mulling its options for its European operation including Opel, there were rumors that it might simply choose to keep the company and ride out the car industry’s recession storm. The…
Tempur-pedic International Inc (NYSE: TPX) shares rallied over 3% to a yearly high of $22.29 after the company raised its FY09 estimates yesterday afternoon. Columbia Sportswear (NASDAQ: COLM) hit a yearly high of $44.41…
Martha Stewart Living Omnimedia Inc. (NYSE: MSO) has just released a headline titled “Martha Stewart Living Omnimedia Issues Statement.” Unfortunately, this ‘statement’ is that the relationship between Martha and Sears Holdings Corporation (NASDAQ: SHLD)…
We have almost an endless wave of corporate earnings for the calendar Q3-2009 coming out next week. We have what looks to be over 100 of the S&P 500 Index members reporting and what…
A number of media sources are reporting that Taiwan-based Acer has passed Dell (NASDAQ:DELL) to become the No. 2 PC-maker in the world. Research firm IDC reports that Hewlett-Packard (NYSE:HPQ) retained its spot as…
Palomar Medical Technologies Inc. (NASDAQ: PMTI) is getting hit very hard. The company issued a press release saying “Palomar to Commercialize FDA Cleared Over-The-Counter Home Use Wrinkle Treatment Laser Device Without Johnson & Johnson.” …
China Real Estate Information Corporation (NASDAQ: CRIC) has priced its 18 million share initial public offering at $12.00 per share. While this is not an easy structure, this IPO has ramifications for two other…
Updated throughout the day. Update 10:41 AM EST: Two traders calling Dendreon Corp. (NASDAQ: DNDN) as a takeover stock, again… We are inclined to treat this as a failed Friday rumor that is trader-generated…
We are seeing a far less amount of major movers with huge percentage gains and losses this morning. The top day trader alert stocks have been noted here with more detailed information in the…
These are the top ten stocks seeing analyst upgrades, downgrades, and initiations from Wall Street early this Friday morning: Apple Inc. (NASDAQ: AAPL) was given a cautious call from Oppenheimer, noting that it could…
GE”s (NYSE:GE) earnings were hurt by results from its financial unit, but that was only the beginning of the company’s problems. The conglomerate announced third-quarter 2009 earnings from continuing operations of $2.5 billion, or…
It is easy to forget how important sub-$40 oil prices were at the beginning of this year as the world dove into recession. If crude had been above $140 as it had been in…
Bruce Wasserstein, the CEO of Lazard (NYSE:LAZ) and by far its most important employee, became ill over the weekend, with heart problems. He died on Wednesday. The company described his condition as serious but stable…
24/7 Wall St. is conducting a series of interviews with prominent economist and market strategist. Jason DeSena Trennert is the Managing Partner, Chief Investment Strategist at Strategas Research Partners LLP. The conversation:
The competition in the e-reader and e-book industries gets more brutal by the day. Amazon (NASDAQ:AMZN) is the e-reader leader because of the success of its Kindle. Other companies including Sony (NYSE:SNE) have come…
Reuters: Google (NASDAQ:GOOG) and IBM (NYSE:IBM) posted strong results. Reuters: Bank of America’s (NYSE:BAC) Lewis will skip 2009 pay. Reuters: Japan Airlines says bankruptcy is an option to solving its problems. Reuters: Soros says…