In the wake of a poor first quarter report, iron ore producer Cliffs Natural Resources Inc. (NYSE:CLF), formerly known as Cleveland-Cliffs, has tightened its belt and the belts of all its shareholders. The company’s…
Equity futures just tanked on economic reports coming in worse than expected. Retail sales for the month of April were -0.4%, which is worse than the +0.1% that economists were looking for. There is…
These are ten of the top analyst upgrades and downgrades from Wall Street we have seen early this Wednesday morning with more than two hours until the market opens for trading: Abercrombie & Fitch…
According to The Wall Street Journal, the Administration is looking at a plan to drive the last talented person out of the financial industry. The paper writes that “The Obama administration has begun serious…
The EU finally fined Intel (INTC) for anti-competitive behavior and the amount of the fine was staggering–$1.44 billion. Intel has been accused of using pricing and special rebates to undermine the sales of its…
Foreclosures took a frightening jump up in April. A report from RealtyTrac says that the number moved up 32% over April of last year and hit 342,038. Homes defaults and auctions rose 47% over…
The FT reports that the IMF wants to stress test banks in Europe. For the governments of the EU and UK move ahead with such a program, they will have to overcome some high hurdles. The first…
CNBC ran a brief segment on the number of people who have decided to rent homes and apartments rather than buy them. The point of the reporting was simple. People who need to move…
Every major newspaper and online news service carried that same headline, perhaps all written by the same copy desk: “Medicare And Social Security Face Insolvency.” Cynics said that the announcement by the Social Security…
Reuters : Intel (INTC) said its results are running better than expected. Reuters : The government is looking at a pay overhaul in the financial sector. Reuters: Economic woes are hurting the Medicare and…
Markets in Asia were mostly higher. The Nikkei was up .5% to 9,340. The Hang Seng rose .3% to 17,201. The Shanghai Composite rose 1.7% to 2,664. At the open in Europe, the FTSE…
Several of the best-funded and most-publicized tech launches of the last ten years have ended in failure. Many large technology companies which had significant market share and product advantages in large industries lost those…
Intel Corp. (NASDAQ: INTC) had already given the indications that the tech market was bottoming out. At today’s investor meeting, CEO Paul Otellini, said hat he believes conditions seem to be improving further. He…
Yahoo! (YHOO) is running out of time in its attempts to remain a relevant part of the global search industry both on PCs and mobile devices. Recent Hitwise data shows Yahoo!’s share of the…
Today was a big day for the world of colonoscopies and the battle in detecting colon cancer and polyps. The Center for Medicare and Medicaid Services issued a final decision that Medicare would not…
Applied Materials Inc. (NASDAQ: AMAT) gave nothing short of a crummy earnings report. It was actually a loss report. The chip equipment company posted a non-GAAP loss of $136 million, or -$0.10 EPS; and…
Research analysts often make timely calls, and sometimes they make rash calls. If Dick Bove of Rochdale is accurate, then both the Goldman Sachs Group Inc. (NYSE: GS) and Morgan Stanley (NYSE: MS) could…
The US Environmental Protection Agency has proposed increasing the maximum amount of ethanol blended in gasoline from 10% (E10) to 15% (E15). An ethanol industry group called Growth Energy and 54 ethanol makers back…
General Mills, Inc. (NYSE: GIS) maybe facing the same types of battles many supplement and diet product companies have seen with the FDA over advertising claims. The good news is that this is not…
Forget about 52-week lows. General Motors Corp. (NYSE: GM) is trading at what looks to be the lowest levels since April or May of 1933. There has not been fresh news from the company,…