LDK Solar Company Ltd. (NYSE:LDK) shares are being hammered this morning, following yesterday’s announcement that the company expects to report a net loss in the fourth quarter of 2008 and lower revenue for the…
Newmont Mining Corporation (NYSE: NEM) and Goldcorp Inc. (NYSE: GG) both reported earnings this morning. Newmont had net income of $10 million ($0.02 EPS) on revenue of $1.342 billion. On a non-GAAP basis, Newmont…
The number of reasons that banks may have to be nationalized my have just grown by one. Default rates on credit cards may end up being much higher than had been previously forecast. Most…
Making ethanol from corn has fallen out of favor. The next big thing is making the stuff from non-food feedstock like switchgrass, corn stalks, and wood chips. There is a lot of potential here,…
Caterpillar Inc. (NYSE: CAT) reported some absolutely atrocious numbers for its January orders on deliveries for its machinery and engines lines of business. This equipment is mostly sold through independent dealers and OEM’s. Caterpillar’s…
Pali Research upgrades Whole Foods Market (Nasdaq: WFMI) from Sell to Buy and raised its price target increased to $15, saying the company is managing well. Pali analyst says, “In summary this quarter we…
It seems that the insatiable growth in online travel bookings might have reached the point that the crumbling economy has caught up to it. It seems that the name your own or bid your…
As if the ongoing jobs data was set to get any better after yesterday’s FOMC Minutes calling for 9% unemployment by the end of the year, we just got another fresh round of weekly…
By John Tamny of RealClearMarkets “The possibility of a rapid repair of their disasters, mainly depends on whether the country has been depopulated. If its effective population have not been extirpated at the time,…
These are some of the top early bird Analyst Downgrades seen from Wall Street analysts this Thursday morning: Acergy (ACGY) Cut to Sell at Citigroup. BioMarin Pharmaceutical (BMRN) downgraded at Citigroup, Collins Stewart, and…
Venezuela has decided it needs to pump more oil. It has a simple problem. The nation’s income has cascaded as oil prices have fallen from more than $140 last summer to under $40 now.…
Toyota (TM) wants GM (GM) to go out of business. Then the Japanese car company could take the No.1 market share position in America, perhaps over 25%, and make a fortune when the consumer gets…
Domestic car sales are down about 30%. Sales at Chrysler have been hit hardest, down 50% in the most recent two months. In a bad economy, it makes sense that consumers will avoid a…
People in the wireless industry have been talking about what will replace 3G networks in the next two or three years. AT&T (T), Verizon (VZ), Sprint (S), and their peers overseas need something to…
According to Reuters, the biggest problem GM (GM) may face is a mountain of debt. Reuters reports that investors in Stanford funds are pushing hard to get their money out. Reuters reports that Obama…
Markets in Asia were slightly higher. The Nikkei rose .3% to 7,558. The Hang Seng was up .1% to 13,024. The Shanghai Composite rose .8% to 2,227. At the open in Europe, the FTSE…
Buying online content company CNET and building out internet sites for its legacy properties was supposed to help earnings at CBS (CBS). At least the company would have something to balance its huge, old-world…
Hewlett-Packard Company (NYSE: HPQ) posted earnings of $0.93 EPS and $28.8 billion in revenue. Thomson Reuters (First Call) estimates were $0.93 EPS and $31.93 billion in revenue. While this is technically a “beat against…
Whole Foods Market, Inc. (NASDAQ: WFMI) reported earnings of $0.20 EPS and $2.47 billion in revenue. Thomson Reuters (First Call) estimates were $0.15 EPS and $2.49 billion in revenue. These numbers might not be…
CapitalSource (CSE) Ratings cut from Fitch. Drops to $2.02 from 52-week high of $17.04. Stone Energy (SGY) Posts a loss for the last quarter. Sells down to $5.30 from 52-week high of $73.96. Celera…