Suntech Power Holdings Co., Ltd. (NYSE:STP) closed its follow-on offering of 23 million ADSs on May 28th. The price per ADS was $12.50, and the company raised net proceeds of about $277 million. Suntech…
This morning came the Q1-2009 revision to the nation’s Gross Domestic Product from the Commerce Department, and the recession is still going. The original figure of -6.1% GDP was revised to a lower -5.7%. …
Many investors use companies such as Cintas Corp. (NASDAQ: CTAS) as a bogey of the economy, particularly for the employment sector. There is a simple reason here: it provides corporate uniforms and related business…
These are the few top pre-market analyst downgrades or cautious research calls from Wall Street firms this Friday morning with about two hours until the market opens: Burger King (BKC) Cut to Hold at…
These are the few top pre-market analyst upgrades and positive research notes from Wall Street firms early this Friday morning with about two hours until the market opens: CBS (CBS) Raised to Buy at…
It may be worth noting in passing that the comments of Dell’s (DELL) CFO during the company’s earnings call are bad news for any supplier of PC components and software. Brian Gladden said “Demand…
Oil will post its largest one-month rise since 1999 in May. That does not seem possible given that it rocketed up to $147 in the middle of last year. The news is a sign that…
Unemployment in Japan moved up to 5% in April. That may not seem like much to Americans, but in the world’s second largest economy it is like a 10% figure would be in the…
Verizon Wireless (VZ)(VOD) plans to flank the AT&T (T) Apple (AAPL) iPhone marketing plan by any means available. It will launch versions of the Palm (PALM) Pre, which has to be a blow to…
Chrysler is well on its way through the Chapter 11 process. The media has pointed out that even if everything goes as planned Chrysler has a line of vehicles that desperately needs a face…
It is un-American to pay workers a pauper’s wage, and it is un-American to mandate that a company must pay an employee more than his work is worth. The debate about the minimum wage…
Reuters: GM (GM) is close to bankruptcy after a deal with bondholders. Reuters: Banks are lobbying Washington on derivatives rules. Reuters: Dell’s (DELL) profits fell but beat estimates. Reuters: Iacocca will lose his car and…
Markets in Asia were higher with Shanghai closed. The Nikkei rose .8% to 9,523. The Hang Seng was up 1.7% to 18,196. At the open in Europe, the FTSE was up .6%. The Dax…
Dell Inc. (NASDAQ: DELL) has just reported earnings of $0.24 EPS on $12.342 billion in revenue. Thomson Reuters had estimates at $0.23 EPS and $12.66 billion in sales. The main issue is on what…
General Motors Corporation (NYSE: GM) is getting closer and closer to what is an obvious bankruptcy with the June 1 deadline looming. This morning came the news that GM’s bondholders were now accepting a…
The triple-leverage financial ETFs of Direxion Daily Financial Bull 3X Shares (NYSE: FAS) and Direxion Daily Financial Bear 3X Shares (NYSE: FAZ) are getting to deal with yet another potential wrench in the machine:…
OPEC had noted that it would keep production levels unchanged, but also argued for a $75 ideal oil price. Whether or not the cartel that does not want to be called a cartel cuts…
The Kuwaiti state oil company, Kuwait Petroleum Corporation, and China Petroleum and Chemical Company, known as Sinopec, (NYSE: SNP) are well along on plans to build a new 300,000 barrel per day refinery in…
The Commerce Department data for April’s new home sales looks good on the surface, but there are perhaps more problems than there are winners here. On an annualized basis, there were 352,000 new homes…
Chinese lithium-ion battery maker Advanced Battery Technologies, Inc. (NASDAQ: ABAT) will sell $10 million worth of preferred stock and warrants to three institutional investors. The warrants, which are 180-day Class B Warrants, are worth…