These are the top 10 analyst upgrades and downgrades we have seen from Wall Street firms early this Monday morning: Allergan (AGN) Raised to Buy at Citigroup. BJ Services (BJS) Cut to Underperform at…
The Symbian Foundation, a leader in cell phone operating system research, says there will be ten million apps available a decade from now. “The full blossom will come in ten years and mobile apps…
New York State Attorny General Andrew Cuomo is suing Charles Schwab (SCHW) for fraud. The legal action alleges that the brokerage sold auction rate securities to clients with little effort to educate customers about…
The world will have 1.3 billion people over 65 by 2040, according to a new report from the US Census Bureau. According to Reuters, “An aging population will push up pension and health care…
24/7 Wall St. completed an analysis of newspapers websites for the years 2008 and 2009. We have added magazines to this analysis because print media clearly faces potential extinction if it cannot move most…
Market in Asia were higher with China indexes advancing sharply. Japan was closed for a holiday. The Hang Seng rose 3.1% to 19,380. The Shanghai Composte was up 2.4% to 3,267. At the open…
CIT (CIT) was rescued on the steps of the bankruptcy court when some of its bondholders put together $3 billion in financing to keep it afloat. It is alarming that the Administration allowed it…
The Wall Street Journal reports that CIT (CIT) will retructure with the help of its bondholders. Douglas A. McIntyre
Oil is above $63 and is heading back toward $70. This time the rise may be on fundamentals and have little to do with speculation. China announced that its GDP rose 7.9% in the…
Sirius XM Satellite Radio (SIRI) Over the past week, 24/7 Wall St.–The Channel Checkers surveyed various stores to track sales trends for Sirius Radio equipment. We asked the following questions:
We saw very unusual options trading late today during the last hour of trading in shares of Mosaic Co. (NYSE: MOS). This is the day after reports that Brazil’s Vale S.A. (NYSE: VALE) was…
American International Group, Inc. (NYSE: AIG) has filed an automatic shelf registration statement with the SEC. While no dollar amount was set and no financial terms were listed, everyone knows that AIG needs cash…
Addus HomeCare Corporation has filed to come public via an initial public offering. The company has taken the “ADUS” as the tentative ticker for a NASDAQ listing and the filing shows an equity offering…
Whether you like the earnings report from Google Inc. (NASDAQ: GOOG) or not, there are some key takeaways using the same metrics that Google uses for other Internet and online media stocks. Baidu, Inc.…
Morgan Stanley (NYSE: MS) is launching a TALF fund. It is slightly larger than its original target. The fund probably won’t make a huge boost for earnings, but it is a further step into…
These are some of the top stocks to watch for active trading today based on pre-market and after-hours volume activity. There are links through to more detailed coverage and volume analysis at VSInvestor.com: CIT…
For the second quarter Citigroup, credit costs increased to $12.4 billion, including an addition of $3.9 billion to loan loss reserves, bringing the total allowance for loan losses to 5.6% of total loans. That…
There were many analyst calls this morning, but the problem is that most were on smaller companies or were by second and third tier boutiques. These were the top call from Wall Street this…
Ken Lewis will be CEO of Bank of America (BAC) forever. Even after being forced into a horrible deal to buy Merrill Lynch by former Treasury chief Paulson. the firm managed to post remarkable…