Back in January a federal three-judge panel ruled that Anadarko Petroleum Corporation (NYSE:APC) was entitled to royalty relief on production from certain Gulf of Mexico leases, even though the government had made an error…
These are some of the top analyst downgrades or cautious research calls we have seen this Tuesday morning before the market opens: Accenture (ACN) Cut to Hold at Argus. Freeport-McMoRan (FCX) Cut to Sell…
These are some of the top analyst upgrades and positive research calls from Wall Street this Tuesday morning. As you will see, many of the upgrades are not exactly the most positive calls: Alcoa…
KLA-Tencor Corporation (NASDAQ: KLAC) is the second largest US-based semiconductor cap-ex stock by market cap, or at least out of the go-to universe we track with Applied Materials (NASDAQ: AMAT) ahead of it and…
The Asia Development Bank issued its new 2009 economic forecast. In the report the organization said the People’s Republic of China is expected to expand by 7% in 2009 on the back of massive fiscal…
Rick Wagoner, former CEO of GM (GM), is not old enough to retire. He has an incredible CV which includes running a huge but troubled car company for eight years. Another firm in the…
Walt Disney Co. (NYSE: DIS) is joining forces with Google Inc.’s (NASDAQ: GOOG) YouTube video-sharing site. Under the terms of the deal, YouTube will offer clips from Disney’s ESPN and ABC networks. The ESPN…
In the US, economists may be talking about a recovery. In Europe, they are not. Aside from attacking the US stimulus package as worthless, organizations based on the Continent are expected a long, dark…
Toyota’s (TM) share of the US light vehicle market is 18% and Honda’s (HMC) is 10%. GM’s (GM) share of its home market is about 22%. Fifty-five years ago, the No.1 US car company…
Last month unemployment hit 8.1%. Of course, the figure was not uniform across the country. Seven states posted double-digit figures. But, in Wyoming, less than 4% of the population is out of work. The…
According to Reuters, government talk of auto company bankruptcy may cause creditors and the UAW to renew talks with GM (GM) and Chrysler. Reuters reports that Obama is talking a hefty agenda with him…
Markets in Asia were mixed. The Nikkei fell 1.5% to 8,110. The Hang Seng was up .5% to 13,527. The Shanghai Composite rose .6% to 2,372. At the open in Europe, the FTSE was…
This morning we already knew that General Motors Corporation (NYSE: GM) has 60 days and Chrysler has 60 days until D-Day. The Obama administration pledged that GM brands will be on the road and…
American Electric Power (NYSE: AEP) has done a dual dig on itself after the close, and it was on top of a bad market day. The company has just lowered earnings guidance and its…
New product launches are always tricky events. This is definitely the case with new chips and new processors for computing. Intel Corp. (NASDAQ: INTC) did confirm its new chipset offering for processors today with…
Just when Americans need small loans the most, the SEC shuts down innovative lenders. By Hans Eisenbeis of The Big Money The Internet has spawned many regrettable things, such as dancing babies, sneezing pandas,…
Even a school child knows that when stocks move up over 20% in two weeks that the odds of a sell-off are extremely high. At some point even the most optimistic investors are going…
After making it look like a deal with Fiat was done, Chrysler had to back track on statements to the effect. Chrysler initially said that, “We are pleased that Chrysler, Fiat and Cerberus have…
It is not very frequent that you see an English-speaking country take a sovereign credit ratings agency downgrade. That would indicate the government is one step farther away from being able to repay its…
DryShips Inc. (NASDAQ: DRYS) is trading down hard today on a note from the accountants. The company’s auditors have a “going concern” noted in the annual report on the company’s Ocean Rig ASA unit. …