According to Reuters, Obama is pushing for a new health-care plan which will take ten years to fully take effect. Reuters says Obama is pushing for quick Wall St. reform. Reuters reports that Citigroup…
Markets in Asia were mixed. The Nikkei fell a fraction to 7,458. The Hang Seng was down 1.2% to 12,951 The Shanghai Composite dropped 2.9% to 2.21. At the open in Europe, the FTSE was up…
Intel Corp. (NASDAQ: INTC) CEO Paul Otellini presented some optimistic data today at a Goldman Sachs conference. The company did not give formal guidance, but to the surprise of many it mentioned the improving…
Las Vegas Sands (LVS) Too few gamblers, too much debt. Analyst lowering estimates. Falls to $2.13 from $90.28. Jabil Circuit (JBL) Planning more lay-offs. Drops to $4.38 from 52-week high of $18.78. Dreamworks Animation…
Microsoft (MSFT) CEO Steve Ballmer has yet again made a public comment about doing a search deal with Yahoo! (YHOO). Because Yahoo! still has a 20% market share in US search, it probably assumes it…
If you look on the surface, it looks like E*TRADE Financial (NASDAQ: ETFC) is still trying to shrink its operations where it can. This week, E*TRADE said it plans to cut its activities in…
By Douglas McIntyre 24/7 Wall St. for DailyFinance.com The economies of China and Japan are different. Both are large exporters, but China does not have to import as much as Japan. It has vast…
Notwithstanding a solid fourth quarter and an up year, First Solar, Inc. (NASDAQ:FSLR) is off more than 15% in early trading this morning. We noted its strong earnings report yesterday, but warned that guidance…
Ben Bernanke will again be front and center today. He is testifying before the House Financial Services Committee, but as usual the prepared remarks look identical to yesterday’s prepared remarks for his appearance before…
Nicor Inc. (NYSE:GAS) reported better-than-expected fourth quarter results as heating demand driven by colder weather boosted the results of the natural gas utility. Fourth quarter EPS was $1.05, compared with analysts’ estimates of $0.67,…
EXCO Resources, Inc. (NYSE:XCO) is getting clipped after the company reported worse-than-expected results Adjusted EPS for the quarter reached $0.13 and for the year EPS was $0.82. Analysts had been expecting EPS of $0.18…
Citi reiterates a ‘Buy’ rating and $22 price target on Microsoft (Nasdaq: MSFT) following yesterday’s analyst meeting. The firm said Mr. Softie is well positioned to outperform in a recession due to its diversified…
The federal government has seen fit, perhaps appropriately, to cap the pay packages of bankers and will probably do the same with auto company executives. What has not been limited so far are the…
Everyone keeps looking for the trade-down economy stock plays. These had been great winners in 2008, but some have sold off with the broad market of late. This morning’s earning report from Dollar Tree…
These are the top pre-market analyst downgrades and cautious analyst research calls we have seen from Wall Street this Wednesday morning with more than two hours until the market opens: Astec Industries (ASTE) Cut…
These are the top pre-market analyst upgrades and positive research calls from Wall Street we have seen this Wednesday morning with more than two hours until the market opens: Allergan (AGN) Started as Outperform…
If Hearst does not get huge concessions from the staff at The San Fransisco Chronicle and cannot find a buyer, it will close the paper. It does not matter that it is one of…
Google (GOOG) came very close to facing antitrust charges when it planned to partially marry its search system with Yahoo!’s (YHOO). With 65% of the US search market, analysts believe the Google has a…
It would make sense that as businesses cut back on spending for PCs they would also cut back on the purchase of servers. One of the things computers and servers have in common is…
President Obama’s speech to a joint session of Congress may be one of the best political speeches of the last few decades. It will certainly be remembered for its cadence, passion, and a degree…