Acer Is Next Threat To Hewlett-Packard (HPQ) And Dell (DELL)
Dell (DELL) and HP (HPQ) already face a PC market which has been weakened by falling consumer and business spending. They have been flanked at the high end of the market by pricey and…
All Work
Douglas A. McIntyre
As Facebook Heads To 300 Million Users, News Corp’s (NWS) MySpace Faces Trouble
When Rupert Murdoch’s News Corp (NWS) bought MySpace for $580 million, Wall St. viewed it as a brilliant move. Murdoch got one of the fastest-growing properties on the Internet and it was on it…
British Airways Sees No Recovery On The Horizon, Higher Fuel Costs
British Airways posted a deficit for its most recent fiscal year. The company lost $595 million. Part of that was because fuel costs rose 45% to more than $4 billion. Fuel costs may have been…
US Government Front-Runs A GM (GM) Bankruptcy
Now that GM (GM) has a reasonable deal in place with the UAW, the federal government is preparing the car company for a Chapter 11 filing which may come ahead of the June 1…
AIG (AIG): Driving The Best People Out Of Public Service
Ed Liddy, the former head of Allstate who joined AIG (AIG) as chairman and chief executive officer in September quit today. He said he would stay on until the company found a replacement, or…
The US Government Makes A Commitment It Can’t Keep
Shortly after S&P put the sovereign debt of the United Kingdom on credit watch, downgrading its outlook from “stable” to “negative”, Treasury Secretary Geithner said the Administration was committed to keeping America from facing…
Media Digest 5/22/2003 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Chrysler is already seeing positive effects from bankruptcy. Reuters: The US is working with GM (GM) on a Chapter 11 filing as the June1 deadline looms. Reuters: Pimco’s Gross says US is at…
Asia Markets And Europe Open 5/22/2009
Market in Asia were mostly lower. The Nikkei fell .4% to 9,226. The Hang Seng was down 1.4% to 16,967. The Shanghai Composite fell .5% to 2,598. At the open in Europe, the FTSE…
Cramer Outlines The Obama Target List (COF, ACI, MEE, X, SO)
Tonight on CNBC’s MAD MONEY, Jim Cramer came out with several sectors that he thinks that President Obama will be trying to change, and noted Nancy Pelosi is in the fold as well. He…
Only One Man Can Replace Liddy At AIG (AIG)
American International Group, Inc. (NYSE: AIG) has announced that Chairman and CEO Ed Liddy will be stepping down. He is actually waiting for the board of directors to conclude a search for a replacement. …
Gap’s Old Navy Carnage May Be Finally Abating (GPS)
Gap Inc. (NYSE: GPS) may be seeing some cheer despite another round of lower earnings and revenues. The clothing and apparel retailer posted earnings of $0.31 EPS, or $215 million. This is down from…
Did Bill Gross Short Sell Stocks & Bonds Via U.S. “AAA” Rating Comments?
The S&P Credit rating change of “negative” from “Stable” for The United Kingdom may not matter to most Americans, but the implications are there for the United States. England losing its “AAA” rating would…
For Some Stimulus Contractors, a Blemished Past
by Michael Grabell and David Epstein, ProPublica One company paid nearly $1 million for destroying seagrass in the Florida Keys marine sanctuary. Another settled a discrimination case after federal investigators found it refused to…
OpenTable Strength Clears Way For More IPO’s (OPEN)
OpenTable, Inc. (NASDAQ: OPEN) has just opened around $25.00 on its initial public offering. The online restaurant reservations system priced its 3 million share IPO at $20.00 per share, which was already well above…
LDK Disclosing More Write-downs and Provisions (LDK)
LDK Solar Co.Ltd. (NYSE: LDK) has announced plans to file its 2008 report with the SEC tomorrow. As many have become used to with LDK, there is some negative news as well. The company…
Tessera Tech Gets on the Map (TSRA, QCOM, MOT, AMD)
Tessera Technologies, Inc. (NASDAQ: TSRA) is not one of the most common names in the land of chip stocks, but that may be about to change as it won a patent fight against some…
NetApp Averts Possible Takeover For Now By Acquiring Data Domain (NTAP, DDUP)
NetApp, Inc. (NASDAQ: NTAP) has long been considered a potential takeover target by many traders and investors. Yet this morning the company announced that it was a making a play of its own. It…
Changes May Come to Rio Tinto’s Chinalco Deal (RTP, BHP)
The deal between China’s government-owned aluminum company, Chinalco, and Rio Tinto plc (NYSE: RTP), in which Rio gets $19.5 billion and Chinalco gets a larger stake in Rio may be changing. There are several…
Jobs Data Continues Bataan March Toward 10% Unemployment
The Labor Department has released some mixed data on weekly jobless claims. The figures show a level of 631,000. This sounds better on the surface as Bloomberg had estimates pegged at 645,000, which would…
Suntech Power Raising Cash After Earnings (STP)
Suntech Power Holdings Co. Ltd. (NYSE: STP) is seeing shares take a hit this morning after the solar player filed to raise capital afterissuing earnings. The company’s profit slid to $1.8 million, or only…