Advanced Micro Devices Inc. (NYSE: AMD) may end up getting stuck with its manufacturing operations. Its plan to become “fab-lite” has been delayed because it did not win enough shareholder support.
Treasury Secretary Tim Geithner is out with his banking and financial rescue plan. This will not go without criticism and not all methodologies look set in stone, mainly because this package still raises plenty…
Intel Corporation (NASDAQ: INTC) is making a huge gamble on high- paying jobs and manufacturing. It isn’t cuts. Intel plans expansions for the inevitable recovery ahead. $7 billion worth.
Chinese solar panel maker Yingli Green Energy Holding Company Ltd. (NYSE:YGE) reported earnings of $14.7 million (EPS of $0.12) for the fourth quarter this morning. Analysts had been expecting EPS of $0.07, so this…
Patriot Coal Corp. (NYSE:PCX) reported fourth quarter and full year numbers this morning. Patriot’s report follows the trail blazed earlier this year by Peabody Energy Corp. and Arch Coal Inc. (NYSE:ACI) and CONSOL Energy…
SiRF Technology Holdings Inc. (NASDAQ: SIRF) is soaring following a takeover. This is a huge premium deal on the surface, but there might be issues after you start peeling the onion.
By John Tamny RealClearMarkets Hoping to get his economic stimulus plan passed, President Obama has warned Americans that “If we don’t move swiftly to put this plan in motion, our economic crisis could become…
Piper Jaffray & Co. upgrades Energy Conversion Devices (Nasdaq: ENER) from Neutral to Buy and raised its price target $25 to $33, citing strength in Europe, U.S. legislation, and less pronounced ASP declines. …
General Motors Corp. (NYSE: GM) is doing almost whatever it can to get aggressive in cost cuts and streamlined operations ahead of its first post-bailout review next week. Some of the cuts were known,…
These are some of the top pre-market analyst downgrades and negative research calls we have seen from Wall Street with more than two hours to open this Tuesday morning: Capstone Turbine (CPST) Cut to…
These are some of the top pre-market analyst upgrades and positive calls we have seen this Tuesday morning with well over two hours until the market opens: AXA (AXA) Started as Buy at Jefferies.…
The failure of the banking and credit systems are happening faster than most analysts had predicted. RBC Capital yesterday predicted that 1,000 banks could fail in the US over the next two years. Large…
GM (GM), Ford (F), and Chrysler better pick up the pace of their sales in China. It is about the only place where anyone is buying cars. China car sales slowed a bit in…
It has probably occurred to the management at Dow Chemical (DOW) that it can not win a suit brought by Rohm and Haas (ROH) to force Dow to complete its buyout. The early read on the merger…
It is hard to understand what is happening with the Chinese economy. The central government says that GDP grew almost 7% in the fourth quarter. At the same time, it admits that 20 million…
GM (GM) is preparing to go through another round of layoffs. It has hopes, which are probably futile, that it can push out enough people, in addition to getting creditor concessions and supplier price…
How many banks will fail in the US over the next year as the recession deepens? Answering that is like trying to guess whether a poker player will draw an ace on any given…
Most of the focus of the recession has been on the US and China. It makes sense to try to examine economic activity in the world’s largest consuming economy and the world’s largest exporting…
According to Reuters, the White House is finishing a bank rescue package , that involves investment by private equity. Reuters reports that a poll of analysts cut Q2 earnings forecasts. Reuters reports that Amazon…
Markets in Asia were narrowly mixed. The Nikkei Fell .3% to 7,946. The Hang Seng rose .4% to 13,825. The Shanghai Composite was up 1.8% to 2,265. In Europe, at the open, the FTSE…