There is one question that keeps making the rounds after the news of yesterday’s TARP bailout money inclusion being offered to life insurers. Are these really close to falling into the abyss, all over…
If only US car companies could do all of their business in China. The economy there must be better than has been reported. In March, a record 1.1 million light vehicles left showrooms. That…
Acer has decided that the way to get share from competitors and increase sales in a recession is to go down market and sell PCs at prices that will draw in even financially taxed consumers.…
The Wall Street Journal reports that Morgan Stanley (MS) lost money in the first quarter. The reason appears to be a perverse accounting rule, not unlike those that have plagued bank financial reporting for several quarters. According…
Nintendo executives are almost certainly upset that the Sony (SNE) PlayStation outsold the company’s Wii gaming system in Japan last month. The Wii has held a large margin in unit sales for several quarters.…
The press is upset that the car companies will not put on their usual splendid displays at the New York International Auto Show. There will not be a big collection of V8 thunder cruisers,…
Depending on the source, Japan’s mythic “Lost Decade” lasted from 1989 to 2003, or sometime later if the exact bottom of the real estate market in the Asian nation is taken into account. Because…
According to Reuters, the government’s auto task force will meet with GM (GM) to push ahead its restructuring. Reuters writes that US banks may still need aid. Reuters writes that Morgan Stanley’s (MS) Q1…
Markets in Asia were higher. The Nikkei rose 3.7% to 8,916. The Hang Seng was up 2.6% to 14,847. The Shanghai Composite rose 1.4% t0 2,380. At the open in Europe, the FTSE was…
Berkshire Hathaway Inc. (NYSE: BRK-A) and its subsidiaries had already been on credit watch elsewhere, but there is a very interesting credit ratings downgrade that just took place. Moody’s has stripped Warren Buffett’s Berkshire…
Nortel Networks Corp. (OTC: NRTLQ) may be adding some insult to serious injury. Shares surged today, by a huge percentage basis on merely a few cents move, after the WSJ reported yesterday that a…
AsiaInfo Holdings, Inc. (NASDAQ: ASIA) filed to withdraw a filing that would have allowed two large insider holders to sell shares. It is a bit complicated, but the long and short of it is…
Bank of America (BAC) CEO Ken Lewis has based what is left of his reputation on the fact that the firm does not need another dime in government money. As a matter of fact,…
The minutes of the FOMC’ March 17 to March 18 meeting are out, and the long and short of the matter is that the FOMC’s decision to add massive liquidity was based upon a…
Micron Technology, Inc. (NYSE: MU) is trading lower ahead of a proposed secondary offering to raise cash. Last night, the company announced that it intends to offer common stock and convertible senior notes for…
Exxon Mobil Corporation (NYSE:XOM) has reportedly received approval from the Russian government for its proposed budget for the Sakhalin-I project. Exxon owns 30% of the joint venture that is developing the oil and gas…
How baseball learned from football’s mistake and pulled off the biggest cable launch ever. By Paul Smalera for The Big Money For the past couple of weeks, Comcast (CMCSA) cable customers have been receiving…
February’s Wholesale Inventory data from the U.S. Commerce Department shows a continued trend of wholesale product inventories being pruned yet again. The reading came in at -1.5% for February, compared to estimates of only…
Atlas Pipeline Partners, L.P. (NYSE:APL) will sell its NOARK natural gas gathering and interstate transport system to Spectra Energy Partners, LP (NYSE:SEP) for $300 million in cash. The company’s president and CEO said that…
We won’t bother telling you about the homebuilder merger this morning, because we already covered it once. But in a down and out sector, you will see that traders are looking to see if…