Energy Conversion Devices, Inc. (NASDAQ: ENER) has made an announcement after the close that really is nothing better than an old fashioned earnings warning. The company also is lowering production levels and cutting costs…
4 Kids Entertainment (KDE) Big Q4 loss. Drops to $1.01 from 52-week high of $25.30. Nanogen (NGEN) Delisting notice. Drops to $.07 from 52-week high of $.59. Data Domain (DDUP) Lazard downgrade. Sells off…
The latest National Association of Home Builders’ survey shows that confidence is unchanged from last month. This is the second month in a row that the level has remained at 9 for new single-family…
President Obama has asked Treasury Secretary Tim Geithner to look at compensation being paid to AIG (AIG) employees for work done in 2008 and to pursue “every legal avenue to block these bonuses and make…
Cisco Systems, Inc. (NASDAQ: CSCO) came out with its big technology platform announcement, as prior reports had hinted at. This includes announcements for services and products involving Microsoft Corp. (NASDAQ: MSFT), Red Hat Inc.…
Canadian pipeline company Enbridge Inc. (NYSE: ENB) has agreed to sell its 24.7% equity stake in Colombia’s Ocensa pipeline to the country’s national oil company, Ecopetrol S.A. (NYSE: EC). The sale is worth about…
Today is the first day of reporting for the new crude oil price assessment announced earlier this month by Platts. The new marker has already had its name changed from Americas Sour Marker to…
Barclays plc (NYSE: BCS) is trading higher on word that it may sell off its valuable iShares unit. This is the golden child of the ETF industry. The reports from the WSJ note that…
Natural gas contracts in the US have been trading at around $4/thousand cubic feet. The prime suspect for the low price is, surprise, the slow economy. The amount of natural gas being consumed has…
UBS removed its short-term sell rating on General Electric (NYSE: GE). The firm is maintaining its Neutral rating. Shares of GE rocketed 36% higher last week as it recovers from its absolute free fall.…
Citigroup Inc. (NYSE: C) has disclosed those four new independent board members that it is nominating for election at the April 21 shareholders’ meeting. There were reports last week that these would be established…
These are the top analyst calls we have seen in the oil patch and in the energy sector this Monday morning: Apache (NYSE: APA) Raised to Outperform at Credit Suisse. Denbury Resources Inc. (NYSE:…
These are some of the top pre-market analyst upgrades and downgrades from Wall Street this Monday morning: King Pharma (KG) Raised to Overweight at Wachovia. Maxim Integrated Products (MXIM) Raised to Market Perform at…
John Tamny RealClearMarkets For some publicly held banks, the end of the share-price decline is seemingly nowhere in sight. Despite positive earnings news last week, Citigroup continues to bounce around in the $1-per-share range,…
Payrolls are shrinking in Europe which is not good for US multinationals that do business there, US firms that export there, or Chinese operations which send tens of billions of dollars of goods to…
China has come up with another economic stimulus idea worthy or emulation by the US. The central government in the world’s most populous nation will give farmers a credit if they buy new light…
“It now appears likely that real gross domestic product (GDP) will not grow much, if at all, over the first half of 2008 and could even contract slightly. We expect economic activity to strengthen…
One of the things that Congress and the Administration knows but do not want to admit in public is that bailouts are messy affairs where most of what is planned does not work and…
OPEC elected to continue production at its current level, at least until May. The announcement was an unexpected result of the cartel’s meeting in Vienna. There was no consensus among analysts about why OPEC…
China’s premier made some pointed remarks about the US economy and its appetite for increasing the national deficit in order to save the American way of life. The fallout from his observations is a…