DryShips Inc. (NASDAQ: DRYS) has just announced a new contract order that is sending shares soaring. The company’s Ocean Rig ASA subsidiary has received a ‘letter of award’ from Petrobras (NYSE: PBR) for a…
There was actually a drop in the jobless claims numbers this week. The new weekly data from the Labor Department came in at 646,000, down 12,000 fro the week before. The prior week’s jobless…
If you thought that lavish spending was over on Wall Street, there is going to be a new point of outrage this morning for all the whiners. Citigroup Inc. (NYSE: C) is spending roughly…
If you thought things were going to get quiet at Citigroup, Inc. (NYSE: C) after the 200% run up of late, they aren’t if this morning’s news comes to fruition. The company has issued…
These are the top downgrades and negative research calls we have seen so far from Wall Street analysts this Thursday morning: Arm Holdings (ARMH) Cut to Neutral at Goldman Sachs. China Unicom Hong Kong…
These are the top upgrades and positive research calls we have seen from Wall Street analysts so far early this Thursday morning: Alcoa (AA) Raised to Overweight at JPMorgan. Aqua America (WTR) Raised to…
The downturn in newspaper ad revenue has gone from awful to extraordinary. Gannett (GCI) told analysts that sales at its flagship USA Today paper could be down as much as 35%. That would certainly…
Sony (SNE) and Google (GOOG) plan to launch a partnership to challenge to Amazon’s (AMZN) modestly successful e-book reader. According to The Wall Street Journal, the project will “give users of the Sony Reader…
China Mobile (CHL), the world largest cellular service provider, posted strong earnings for last year, but that may be the extent of the good news. Company revenue grew, reaching RMB 412,343 million, up 15.5 %…
The news that the Fed would buy as much as $300 billion in long-term Treasuries and up to $1.25 trillion of mortgage-backed securities issued by Fannie Mae (FNM) and Freddie Mac (FRE) caused the stock…
Citigroup (C) shares are going up every day now, gaining 23% yesterday. So far, the stock has gone from a low of $.97 to $3.20 in just a few weeks. The reason Citi stock…
A large part of the money that was made by banks and investment banks from 2004 through most of 2007 was made from mergers and acquisitions. When the credit markets fell apart, the financing…
By Melly Alazraki of DailyFinance General Electric Co. (GE) is going to host a five-hour “deep dive” conference on Thursday in which it will attempt to convince investors that its wobbling GE Capital unit…
According to Reuters, the Fed’s plans to buy Treasuries is like a program called “Operation Twist” which was part of the agencies effort to help the economy almost fifty years ago. Reuters reports that…
Oracle Corp. (NASDAQ: ORCL) posted better-than- expected earnings after the close of trading. It is also going to start paying a dividend. But where this gets interesting is that Oracle would be doing so…
Standard & Poor’s has just downgraded conglomerate 3M Company’s (NYSE: MMM) corporate credit and senior unsecured ratings to “AA-” from “AA.” It affirmed the “A-1+” short-term credit rating and the new outlook is listed…
Sales of the new Samsung Instinct are not helping Sprint (S) very much. Of all the handsets the No.3 US cellular carrier sells, the Instinct ranks N0.15 in terns of unit sales and No.7…
The FOMC has come in with no rate change as we had expected. When it is already at a near-zero rate policy, there was no other outcome. The Fed Funds Target Rate was left…
Oracle Corp. (NASDAQ: ORCL) is set to report earnings after the close of trading today. The enterprise software giant is expected to post non-GAAP earnings of $0.32 EPS and $5.45 billion in revenue according…
Conventional wisdom has it the the price of gold tracks the price of crude oil. As oil rises, so does gold, and vice-versa. Probably the simplest explanation for the phenomenon is that the price…