Citi initiates coverage on Barrick Gold (NYSE: <a href=”http://finance.aol.com/quotes/barrick-gold-corporation/abx/nys” title=”Real-time quotes and company profile for ABX” target=”_blank”>ABX</a>) with a Buy. Price target $40. Citi analyst says, “We rate Barrick a Buy despite concerns on…
ProLogis (NYSE: PLD) has successfully raised the cash it was seeking. And then some. The warehouse and office park owner and operator REIT had originally planned to sell 115 million shares of common stock…
Microturbine maker Capstone Turbine Corporation (NASDAQ:CPST) has announced that it will eliminate an additional 22 professional positions as it continues to reduce expenses. Capstone fired 19 employees in February and canceled 16 open positions.…
LDK Solar Co., Ltd. (NYSE: LDK) is seeing some small gains this morning on word that the company has formed a joint venture with Q Cells SE. The venture will focus on photovoltaic systems…
Joe Weisenthal of The Business Insider In the eight years since Eric Schmidt got hired to run a hot private company called Google (GOOG) in 2001, the company has become one of the fastest…
We have seen several influential analyst upgrades, downgrades, and initiation calls in the technology sector from Wall Street early this Wednesday morning. These are the key tech calls we have seen with about two…
These are the early bird analyst calls from Wall Street that we have seen early this Wednesday morning with about 3 hours until the market opens: Allianz (NYSE: AZ) Cut to Neutral at JPMorgan.…
Pulte Homes, Inc. (NYSE: PHM) is acquiring Centex Corporation (NYSE: CTX) in a stock-for-stock transaction valued at $3.1 billion, including $1.8 billion of net debt. The deal has been unanimously approved by both boards…
The CEO of Intel (INTC) is not sure that the government stimulus package will do him or his industry any good. According to Reuters, the firm’s CEO Craig Barrett said stimulus packages being rolled…
A number of studies show that tall, good-looking people do better in life and in love. It makes some sense, even in the job markets. Who would not rather have an attractive salesman or…
There is no end to it, this process of bailing out financial institutions. Once the banks were stable, the rest of the sector was supposed to become more solid. That has not worked. Banks…
Google’s (GOOG) CEO Eric Schmidt told the Newspaper Association of America that all was not lost for its industry. Newspapers have a chances to create new forms of revenue, if only that will take…
The forecasting cycle that drives the market is low on fodder since the earnings season is under way and the latest unemployment numbers are tucked neatly into the bed of economic prediction models. But,…
Many market experts expect this earnings season to do little to set the tone for the rest of the year. They assume that companies have been pounded into submission and that this has produced…
According to Reuters, Obama must get Americans to spend now and save later to help the economy, and consumers are wary of spending. Reuters reports that the SEC will consider restricting short sellers. Reuters…
Markets in Asia fell sharply. The Nikkei was off 2.7% to 8,595. The Hang Seng dropped 4% to 14,332. The Shanghai Composite was down 3.8% to 2,347. At the open in Europe, the FTSE…
Juniper Networks, Inc. (NASDAQ: JNPR) has issued preliminary guidance for the quarter ended March 31, 2009. The networking company said that the revenue range is going to be between $760 million to $765 million. …
Alcoa (NYSE: AA) has come out with earnings and losses which are as dismal as a vacation in hell without any water and without any flame retardant. But the good news is that this…
There is a reading of the economy which we used to see only go up and up, and that is the monthly consumer credit. In the month of February, consumers cut their borrowings and…
Archer Daniels Midland Company (NYSE: ADM) has seen its stock pounded by double-digit percentages today. While economic woes are acting against it, ADM and Canadian Bioenergy Corporation announced that the companies have entered into…