Jamie Dimon, Chairman and CEO of J.P. Morgan Chase (NYSE: JPM) just gave a CNBC interview with Melissa Francis. While he would not give exact predictions on the environment and a turnaround, nor on…
The federal government is most likely to create a safety net for the falling housing market with a plan that will allow people to stay in their homes by reducing their monthly payments. The…
As today’s market selling has picked up, we wanted to take a snapshot of some of the major November 20, 2008 and November 21, 2008 intra-day and closing lows for the major index levels…
The largest natural gas producer in the US, Chesapeake Energy Corporation (NYSE:CHK), reported a GAAP EPS loss of -$1.51 for the fourth quarter of 2008. On a non-GAAP basis, the company earned EPS of…
Constellation Energy Group, Inc. (NYSE:CEG) missed analysts’ estimates by a mile. Fourth quarter EPS was $0.03 compared Wall Street consensus estimates of $1.24. For the full year, Constellation was expected to earn $4.84, but…
It probably won’t shock anyone any longer that industrial production is lower. It probably won’t shock anyone that capacity utilization is lower either. But the already-negative trend is only made worse when both were…
Citi upgrades Smith & Nephew (NYSE: SNN) from Hold to Buy, saying core business areas have remained relatively immune to economic pressure. Citi analyst says, “Q4 results provided reassurance that core business areas have…
It may take a lot more than the new mortgage assistance program being put together by the Administration to stop the sickening fall in housing prices. According to the Commerce Department, Construction on new…
These are ten of the top pre-market analyst calls for upgrades and downgrades we have seen from Wall Street this Wednesday morning with more than two hours until the market opens: Capital One (COF)…
GE (GE) CEO Jeff Immelt voluntarily gave up a $12 million bonus. His salary was also frozen at $3.3 million. While the announcement may play well with shareholders, the question is whether Immelt’s action…
Now that the economies of the West are near ruin, China likes to push its form of national financial management and monetary policy as a better road not taken by the champions of capitalism.…
McDonald’s (MCD) is planning to open 500 new stores in China over the next three years. Why? Because it can. McDonald’s is one of a tiny handful of large American companies which can actually…
GM (GM) says it needs more money from the federal government or it will run out of cash next month. It has made some progress with its creditors and the UAW, but neither of…
According, to Reuters, GM (GM) and Chrysler have asked for another $22 billion. Reuters reports that the SEC has charged Alan Stamford with “massive fraud.” Reuters reports that Trump’s image is being hurt by…
It’s that time again. Warren Buffett and Berkshire Hathaway, Inc. (NYSE: BRK-A) have filed with the SEC showing what the Oracle of Omaha owns in public stocks as of the quarter or as of…
The second group is out, and here are the year-end holdings of Warren Buffett and Berkshire Hathaway, Inc. (NYSE: BRK-A). This filing shows the holdings alphabetically as “H to R” for stocks and the…
The final list of Warren Buffett’s year-end stock holdings from Berkshire Hathaway, Inc. (NYSE: BRK-A) are out and we broke them down alphabetically with this being the “S to Z” stock list. The cut…
California has decided to demonstrate how quickly a state can dig a hole and swallow up most of the money the national stimulus package is supposed to put into its local economy through municipal aid and…
Running a financial scam during a long bull market may actually not be very hard. People believe that they can get consistent outstanding concerns. When the market turns bad, investors need their money back.…
Some investors love activist hedge funds. They can correct many anti-shareholder practices or policies. But it seems that the power of activists has been limited in the current economic environment. Jana Partners LLC has…