The Bank of America (BAC) deal with the SEC to settle charges that it mislead investors about Merrill Lynch bonus payments in it proxy to approve the Merrill buyout is already being challenged in…
Taxpayers will probably not get the tens of billions of dollars that they put into Chrysler and GM back, ever. That is the opinion of the Congressional Oversight Panel. The committee also expressed concerns…
Hidden in the shadows of its bid for Cadbury, Kraft (KFT) is planning to cut its supplier base in half in an attempt to save $300 million a year. Kraft is trying to raise as…
The Federal Reserve issued its monthly Consumer Credit report for July. Consumer credit fell almost $22 billion to $2.74 trillion. The figure has been dropping fairly steadily since the middle of last year. The…
Eighty-one million people visited federal government websites in July which is about four out of ten people on the Internet in America. There are several notable trends when the traffic is broken down by…
Reuters: First Solar (FSLR) plans a huge solar field in China. Reuters: Kraft (KFT) plans to cut its supplier base to save costs. Reuters: Cuomo may charge Bank of America (BAC) over the Merrill…
Markets in Asia were narrowly mixed. The Nikkei fell .8% to 10,312. Honda (HMC) and Toyota (TM) slipped. The Hang Seng fell .7% to 20,925. The Shanghai Composite was up .5% to 2,948. At…
First Solar (FSLR) today announced that it had signed a contract with the Chinese government that will allow it to build a 2 gigawatt solar power plant in Ordos City, Inner Mongolia, China. The…
Barrick Gold Corporation (NYSE: ABX) is going to be taking an action which has mixed implications for shares of Barrick versus the overall gold play now that the shiny yellow metal is hitting $1,000.00…
Cree, Inc. (NASDAQ: CREE) is raising cash. The company, which makes lighting-class LEDs, LED lighting, and semiconductor solutions for wireless and power applications, announced that it is selling 11,000,000 shares of its common stock.…
Palm Inc. (NASDAQ: PALM) is signaling something which many smartphone and PDA-phone makers do not want to signal… difficulty grabbing market share for the new Palm Pre. The new promotion out of Sprint Nextel…
We have seen many significant developments in recent days regarding the field of M&A in form of Special Purpose Acquisition Companies, or SPACs. SPACUpdate.com sent us some key data on Secure America Acquisition Co.…
There is an interesting take out there on Berkshire Hathaway Inc. (NYSE: BRK-A) and on HSBC Holdings plc (NYSE: HBC) over how these firms should pay a high bonus to staff based upon a…
David Einhorn of Greenlight Capital may do other things other than find companies to short sell. But he became rather well known for his bet against Lehman Brothers even after it had already lost…
The Conference Board is known for many key economic readings in the US and abroad, but this morning’s data may just add a little more fear that the hope and belief of a stabilizing…
We already saw many bounces from contact notifications on Wall Street, so many traders may still be off or getting slowly back in the saddle. That being said, some of the active trader alerts…
Morgan Stanley has made several key downgrades in technology, as well as a few lesser upgrades. Both IBM (NYSE: IBM) and Dell Inc. (NASDAQ: DELL) were downgraded to Equal-Weight from Overweight. Also cut to…
These are some of the top early morning analyst upgrades and positive research calls we have seen from Wall Street early this Tuesday morning: American Dental (ADPI) Started as Outperform at Robert W. Baird.…
These are some of the analyst downgrades and cautious research calls we have seen early this Tuesday morning on Wall Street: Blackbaud (BLKB) Cut to Hold at Jefferies. Citrix Systems (CTXS) Cut to Perform…
It can hardly be good news for embattled Boeing (BA) or Airbus. China has unveiled the first commercial airliner to be produced inside its borders. It is called the C919 and will be able…