It seems that even the Governator is having a hard time saving California, and many are blaming him for the state’s ballooning budget deficit. The company is facing billions in deficits and the headlines…
Research-in-Motion Ltd. (NASDAQ: RIMM) will be the biggest earnings released this week for tech investors because it will be a direct reflection on rivals Apple Inc. (NASDAQ: AAPL), Nokia (NYSE: NOK), and somewhat on…
LogMeIn, Inc. is coming public in an IPO and the terms are being set. The registration has been set for 6.666667 million shares of common stock being sold in a price range being set…
There is a new public company that is a specialty beer play, a trend we have seen less and less of in recent years after the roll-ups in the wine and beer industry. Black…
FuelCell Energy Inc. (NASDAQ: FCEL) is getting hammered this morning. The developer and manufacturer of fuel cell power plants for electric power generation announced a $24.2 million financing pact this morning. The company sold…
Industrial production and capacity utilization did come in right where economists were expecting, but the level at which these numbers are seeing just feels ghastly. Industrial production for May was -1.1% and Capacity utilization…
Wholesale inflation measured by producer prices for the month of May is out, and the fears of inflation are not yet working into the system. The nominal PPI came in +0.2% for May and…
Housing Starts came in much better than expected, on the surface. We saw a reading of 532,000 on housing starts on an annual basis. This is a gain of 17.2% and we were only…
By John Tamny of RealClearMarkets “Whereas before there had been almost no framework to explain what Roosevelt was doing, now a respectable one was forming. Spending promoted growth, if government was big enough to…
Best Buy Co. Inc. (NYSE: BBY) reported earnings which look solid when you compare them to estimates. The electronics retail giant posted $0.36 net EPS and $0.42 non-GAAP EPS and $10.095 billion in revenues. …
These are some of the top pre-market analyst upgrades and positive research calls we have seen from Wall Street with more than two hours until the market opens: BT Group (BT) Raised to Overweight…
Whatever bad news California may have faced in the past, it is getting worse. The new UCLA Anderson Forecast predicts that the state will not have any economic recovery until well into 2010 and…
New York City is choked with more than eight million people, many of whom have to drive to work on highways meant to accommodate traffic levels of the 1930s. The bridges and tunnels into…
GM is still in remarkably deep trouble. It is still facing the prospects that the domestic car market will only produce sales of 10 million units this year, and that 2010 may not be…
Toyota (TM) and Nissan, two of the most successful car companies in the world, are hiring temporary workers in Europe to staff some of their auto plants. It is safe to assume that these…
The theory about how the government can hold down interest rates is simple and naive. The Treasury will raise hundreds of billions of dollars in global markets where access to credit is already tight.…
Companies in the handset business envy RIM (RIMM) and Apple (AAPL) and covet their market share in the smartphone business. Analysts assume that the Blackberry and iPhone will slug it out, vying for the top…
Reuters: The US outlined new financial market reforms. Reuters: Obama lobbied MDs on his new healthcare package. Reuters: Russia hosted the first BRIC summit. Reuters: B of A’s (BAC) BlackRock (BLK) stake is more…
Most markets in Asia were sharply lower. The Nikkei fell 2.9% to 9,753. The Hang Seng was off 2.3% to 18,092. The Shanghai Composite was down .5% to 2,776. At the open in Europe,…
The struggle for large urban newspapers to stay in business has largely been an effort on the part of their managements to increase revenue on the Internet faster than it is lost in their…