The first stress test result suggests Treasury was conning its way toward nationalization. By Chadwick Matlin of The Big Picture When the stress tests were first announced, I suspected that they were a convenient…
We are starting to see more and more of the second-tier and third-tier energy players and oil and gas players either file for secondary offerings or actually sell shares in public offerings. Delta Petroleum…
Three companies representing three distinct areas of the oil business have reported earnings and the surprise to many will be that the refiner put up the best numbers. Western Refining Inc. (NYSE:WNR) reported EPS…
The Blackstone Group, L.P. (NYSE: BX) posted results that show a turn for the better in private equity is either afoot or much closer than before. It said that its economic net income was…
ADP is out with its controversial jobs number this morning ahead of this week’s unemployment report. ADP said that there was “only” a -491,000 drop of jobs in the US private sector. The expectation…
Garmin Ltd. (NASDAQ: GRMN) looks a bit like a train wreck as the maker of mobile GPS systems and PND systems posted $0.25 non-GAAP EPS and $437 million in revenues vs. Thomson Reuters estimates…
These are some of the top pre-market analyst upgrades and positive research calls we have seen from Wall Street this Wednesday morning with more than two hours until the market opens: Alcatel-Lucent (ALU) Raised…
These are the top pre-market analyst downgrades or cautious calls we have seen from Wall Street this Wednesday morning with more than two hours until the market opens: Barclays (BCS) Cut to Sell at…
Warren Buffett and Ben Bernanke may believe that housing prices are stabilizing, but the number of Americans who owe more on their mortgages is growing. Those people are certainly more likely to default on…
It appears that the creditors at Chrysler and GM (GM) may be running out of luck and time to get what they think is a reasonable payments for their investments. A federal bankruptcy judge…
Bank of America (BAC) will need to improve its capital position by nearly $35 billion, according to several press reports. It may be able to sell its part of its stake in the China Construction…
There must have been a dip in the news about new products and management changes at Apple (AAPL). Most of the conversation about the company in the last several days has turned to Apple’s…
Ben Bernanke’s comments about the recession and his reasons for believing that the economy has hit bottom could have been a mimeograph of a dozen other speeches made by Fed chairmen testifying before Congress…
Insider trading has a new face. Credit default swaps, long one of the least understood and least regulated sets of financial instruments can be used for insider trading in a similar manner to stocks,…
According to Reuters, Bank of America (BAC) will have to raise billions of dollars. Reuters reports that a judge has approved a quick auction of Chrysler assets over the objections of creditors. Reuters reports…
Markets in Japan were closed for a holiday. The Hang Seng was up 1% to 16,590. The Shanghai Composite rose 1% to 2,593. At the open in Europe, the FTSE was down .5%. The…
Jim Cramer came back on CNBC’s MAD MONEY with a “Part 2” of his basket of 5 speculative technology stocks for investors. The second pick named Tuesday was Brocade Communications Systems, Inc. (NASDAQ: BRCD),…
Pepsico, Inc. (NYSE: PEP) has just come out and announced it was going to hike its dividend by some 6%. The $1.70 annualized dividend will now be $1.80 on an annual basis that is…
The Dow Chemical Company (NYSE: DOW) has commenced a public offering of common stock to shore up its balance sheet after closing its recent huge merger (acquisition) with Rohm & Haas. It will raise…
It looks like everyone has figured out that swine flu was more of a media pandemic rather than a disease or viral pandemic. Had this been November as flu season was starting, that might…