Signs are pointing to another bailout of Japan Airlines by the Tokyo-based government. That means the carrier could survive without being broken into pieces. JAL is still prized for its significant and presumably lucrative…
Oil reached $79.05 in electronic trading on the New York Mercantile Exchange. That is almost certainly not the end of its rise and for a number of reasons $90 crude is likely on the way…
Reuters: US corporations are concerned about the weakness of the dollar. Reuters: Bernanke says that global imbalances in trade and cash flows must be addressed. Reuters: Wal-Mart (NYSE:WMT) is attacking new markets with huge…
Markets in Asia were mixed. The Nikkei was down .2% to 10,237. Mitsubishi UFJ (NYSE:MTU) rose. The Hang Seng was up 1.1% to 22,179. CNOOC (NYSE:CEO) and PetroChina (NYSE:PTR) rose. The Shanghai Composite was…
The UK, home of John Maynard Keynes, has added a new term to the lexicon of descriptions of possible recovery patterns that could end the current global recession. It is the”VW-shaped” recession, and, unlike…
Senior members of the Administration were out in force on the Sunday TV talk shows to criticize the multi-million bonuses that many Wall St. bankers will get this year. Executives at companies that still owe…
Apple’s (NASDAQ:AAPL) App store offers an extraordinarily large number of downloads–more than 85,000. The store has downloaded more than two billion piece of software. Developers are constantly creating new application in the hope of offering free services…
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…