According to Reuters, Japanese gloom deepened and the government encouraged more coordination with the US. Reuters reports that AIG (AIG) got billions of dollars from the government that it paid out to other firms.…
According to The Washington Post, a compensation research firm has calculated that the bear market has put a lot of CEO options underwater. The paper says that “As of late last year, nearly 99…
China can afford to play a long-term game in its competition with Western governments and the industries that are considered strategic to their economies. China has already put money into huge metals and mining…
The “Best Financial Firm Rescue of the Year Award” goes to the British government for its new bailout of Lloyds. The program both saves the bank and insures that much of the money put into it…
On CNBC’s Stop Trading segment today, Jim Cramer said that he ran the worst case scenario on all of the DJIA components, and the worst level he can come up is 5,320. He said…
Sirius XM Radio Inc. (NASDAQ: SIRI) and Liberty Media Corporation (NASDAQ: LINTA, LINTB, LCAPA, LCAPB, LMDIA) have announced the closing of the second and final phase of the John Malone rescue package. Under terms…
Roche has apparently capitulated in its fight to take over Genentech Inc. (NYSE: DNA). Its cancer franchise and its pipeline, along with a shareholder proxy fight, finally made Roche tip its hand. The company’s…
Just about every economist says that the employment rates, ergo the unemployment rate, is a lagging indicator. The same is arguably true for the total number of rigs in oil and gas. Baker Hughes…
GM’s (GM) stock is racing toward $1 where it can join Citigroup (C) and a number of other famous American companies which could not hold that price point. Today GM trades at $1.43, and had been…
Whole Foods Market, Inc. (NASDAQ: WFMI) has reached a settlement agreement with the Federal Trade Commission’s about its acquisition of Wild Oats. Under the terms of the settlement, Whole Foods will divest the Wild…
The New York Times points out that the S&P 500 is down 56% since it peaked on Oct. 9, 2007, 513 calendar days ago. In the identical number of days from the 1929 market…
In January, a biofuelscompany named Changing World Technologies was thought to be preparing for an IPO. The company, based in New York, owned a biomass fuel plant in Carthage, Missouri, that used turkey waste…
Western Refining Inc. (NYSE:WNR) reported a quarterly EPS loss of -$0.19, just half as much as its -$0.38 EPS loss in the fourth quarter of 2007. Excluding a one-time inventory write-down, the company’s EPS…
Clean Energy Fuels Corp. (NASDAQ:CLNE) reported a quarterly EPS loss of -$0.09, excluding certain items, beating analysts’ estimates of a loss of -$0.37. Revenue was essentially flat with the fourth quarter of 2007 at…
You’re Fired! That is what the Labor Department is dealing with on a growing basis. The January unemployment rate of 7.6% just got replaced by a number of 8.1% for February. And the non-farm…
Wells Fargo (WFC) is supposed to be one of the healthier big banks. The market has not treated that way, driving its shares relentlessly lower–down 40% over the last five trading days which is…
It makes sense. Unemployment for February could hit 8%. It could move closer to 9% by the end of April. That does not include people who have been out of work for extended periods…
These are the top upgrades and positive calls we have seen from analysts on Wall Street this Friday morning: Alliance Resource (ARLP) Raised to Buy at Citigroup. Allscripts-Misys Healthcare (MDRX) Started as Outperform at…
It is a devilishly clever plan. The federal government proposes to raise taxes on hedge funds and private equity firms. Once that it accomplished, the Administration wants these same firms to invest in securities…
No printed Wall Street Journal. No printed New York Times, or Newsweek or The New Yorker. That possibility grows more by the day. Hearst, which said it would close it Seattle paper, the Post-Intelligencer, has…