Nintendo, Under Extreme Pressure, Cuts Wii Prices
Nintendo has shipped more than 52 million Wii units worldwide since it was first launched in late 2006. That dwarfs the sales of its rival consoles the Microsoft (MSFT) Xbox 360 and Sony (SNE)…
All Work
Douglas A. McIntyre
Citigroup (C) Retreats From Retail Branches
It may be a decade or more from now, but the time will come when there are no bank branches at all. Broadband will be in 90% of American homes. Banking will be done…
Media Digest 9/24/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: The young and affluent in China may become more active consumers. Reuters: The G20 is looking to nurture the recovery and add financial safeguards. Reuters: Taxpayers may never get back all of their…
Asia Markets And Europe Open 9/24/2009
Markets in Asia were mixed as Japan reopened after a three day holiday. The Nikkei was up 1.9% to 10,544. JAL dropped sharply but Honda (HMC) and Sony (SNE) rose. The Hang Seng fell…
52-Week High Club
BlackRock Inc. (NYSE: BLK) hits a yearly high of $220.17 on analyst upgrade from Deutsche Securities. Most other asset managers saw declines today. Greenhill & Co. (NYSE: GHL) hit a yearly high of $87.02…
24/7 Wall St. TV: Amazon Sells Phones For A Penny
Jeff Bezos, the founder and CEO of Amazon (AMZN), is known for being eccentric, but his new handset offer may be taking that act a bit too far. Every cellphone that operates on the…
The Fed: The More Things Change, The More They Stay The Same
The Fed indicated that growth in the economy was picking up, a little, and that it would extend its debt buying plan, probably until the first quarter of next year. It view of the…
PlayStation 3 Sales Up 300%
PS3 sales are up 300% since Sony (SNE) cut prices on the devices by $100. PS3 sales have run behind those of the Microsoft (MSFT) Xbox 360 and Nintendo Wii since Sony introduced the…
Investors Turn Against REIT IPOs (CLNY)(ARI)(FSQR)
Pathetic demand for two real estate investment trust IPOs today speaks to continued worries that commercial mortgage-backed real estate may be the next leg of the financial stool to get kicked out from under…
FOMC Preview: The Fed Exit Policy Conundrum
Around 2:15 PM EST today, we will know the FOMC’s decision on interest rates. While we expect no formal change to the effective 0.00% to 0.25% effective Fed Funds rate, we expect traders to…
Bogus Ads From”The Motley Fool”
The Motley Fool is one of the twenty most visited financial sites in the US according to comScore with monthly unique visitors of 1.536 million last month, making it slightly bigger than Google (GOOG)…
Top Day Trader Alerts (AMR, XLNX, ALTR, NTES, PALM, STX)
These are this morning’s top pre-market day trader alert stocks and active trader stock. We have more detailed data and analysis on historic price, volume, and trends with a link through on each stock…
Top Analyst Upgrades (BLK, KMX, CTL, INET, LOW, STX, LUV, WWWW)
These are the top pre-market early bird analyst upgrades and positive research calls seen from Wall Street early this Wednesday morning: Blackrock (BLK) upgraded to Buy at Deutsche Bank. CarMax (KMX) upgraded to Neutral…
Top Analyst Downgrades (ALU, CTAS, CCL, CMC, CTV, JNPR, PRU, STI, TLAB)
These are the early analyst downgrades and cautious research calls seen from Wall Street firms this Wednesday morning: Alcatel-Lucent (ALU) downgraded to Neutral at RW Baird. Cintas (CTAS) downgraded to Underperform at RW Baird.…
Palm Boosts & Prices Secondary Offering (PALM)
Palm, Inc. (NASDAQ: PALM) has priced its public secondary offering of 20 million shares at a price of $16.25 per share. This is a fter a $17.07 close yesterday. Palm noted that it will…
Extended Unemployment Payments In 27 States: What About The Other 23?
Congress has passed a law extending unemployment insurance in the 27 states where the jobless rate is above 8.5%. The bill passed by a margin of 331-83, so it had remarkably broad support. Congress…
Yahoo!’s Curious $100 Million Marketing Program
Yahoo! (YHOO) will spend $100 million marketing itself to Internet users over the next 15 months. That is odd because there is probably in not a man, woman, or child who uses the Internet…
China’s Trade Strategy: Appeal All Negative Rulings
China’s new trade strategy is simple. It appeals all cases that go against it at the WTO. China recently faced US tariffs on its tires. China quickly turned around and said that its export…
Apple (AAPL) iPhone Goes To Korea
South Korea has become the latest country to open up to sales of the Apple (AAPL) iPhone. According to The Wall Street Journal, The Korea Communications Commission has approved the sale of the handset.…
Legal Issue: Bank Of America (BAC) Gives Congress Documents
The legal issue of attorney-client privilege is heating up as Bank of America (BAC) is turning some documents over to a Congressional committee that wants details of the bank’s buyout of Merrill Lynch. House…