Pacific Ethanol Inc. (PEIX) is still alive. That is more than many ethanol companies can say. The question is how long it can manage to survive. After the open this morning, Pacific Ethanol filed…
Raser Technologies, Inc. (NYSE:RZ) reported no revenue for the first quarter of 2009. But it also reported no cost of sales. The company’s total loss was $6.67 million, EPS of -$0.10. That’s better than…
The US trade deficit rose in March, and the price of oil was a significant contributor. Since oil is up substantially since then, figures for April and May should be affected even more profoundly.…
Zoltek Companies, Inc. (NASDAQ: ZOLT) posted some disappointing numbers last night and it is being reflected in the shares this morning. So much for wind power staying up there as the next major wave,…
Today’s announcement of a merger between Alpha Natural Resources, Inc. (NYSE: ANR) and Foundation Coal Holdings, Inc. (NYSE: FCL) creates the third-largest coal producer in the US. The all-stock deal is worth about $2…
By John Tamny of RealClearMoney While there’s seemingly a bipartisan view that the U.S. corporate tax rate should be lowered, the mythology about this same levy is impressive even by Washington standards. The more…
These are some of the top analyst downgrades and cautious research calls we have seen from Wall Street early this Tuesday morning: American Express (AXP) Started as Underperform at RBC. Buckle (BKE) Cut to…
These are some of the top pre-market analyst comments and analyst upgrades from Wall Street early this Tuesday morning: Cardinal Health (CAH) Started as Buy at Jefferies. Central Garden (CENT) Raised to Hold at…
It remains true that without global IP theft laws which apply equally in all countries the piracy of software and premium entertainment content will never end. The fact was brought home by new data…
The Wall Street Journal has raised the issue of whether the Chinese consumer can replace the US consumer as the most important engine of the global economy. The answer is “not yet”, but if…
Bank of America (BAC) is selling part of its stake in China Construction Bank for $7.3 billion. That will help the US institution to raise capital it needs to fill the $34 billion capital gap…
The Administration says that the budget deficit for the current fiscal year will be 5% higher than previously forecast which will puts the number above $1.8 trillion. The spread between the old number and…
Microsoft (MSFT) said it plans to make its first bond offering to raise an expected $3.75 billion. The move is extremely odd since the world’s largest software company has $25 billion and no debt.…
Short sellers may have helped themselves by moving out of tech stocks just as shares in the sector began to make big advances. In the period ending. May 11, short interest in Microsoft (MSFT) fell 10% to…
According to Reuters, Bernanke says he was encouraged by the stress tests. Reuters reports that GM (GM) will probably exit the Dow. Reuters writes that Bank of America (BAC) will probably sell its CCB…
Markets in Asia were mixed. The Nikkei fell 1.6% to 9,299. The Hang Seng rose .6% to 17,191. The Shanghai Composite rose 1.5% to 2,618. In Europe, the FTSE was off .6 % to…
MBIA Inc. (NYSE: MBI) was on our schedule to report earnings tomorrow, but the troubled and former largest bond insurer somehow managed to post a profit for the quarter. We expected a loss, although…
Ford Motor Company (NYSE: F) has announced that it will raise capital via a registered public offering of some 300 million shares of common stock. At the closing price of Ford today, this would…
Anadarko Petroleum Corporation (NYSE: APC) has announced that it will be raising cash via a public secondary of its common stock. The exploration and production company in the oil and gas sector is selling…
There is something far more important than the Microsoft Corporation (NASDAQ: MSFT) bond offering. It is even more important than why the company is raising the money. This Microsoft bond offering could act as…