Today’s market looked more like an advanced yo-yo session rather than a regular stock market trading day. Since stocks gapped down so much, there were many new names on the list of 52-week lows. …
According to MINOnline, advertising pages in major monthly magazines are down 20% for issues from the first two months of this year. One of the most popular weeklies, The Economist, suffered ad pages losses…
Kinder Morgan Energy Partners L.P. (NYSE:KMP) reported earnings yesterday, and handily missed analysts expectations of $3.4 billion in revenue and earnings per limited partner unit of $0.53. Revenue for the fourth quarter totaled nearly…
Exelon Corporation (NYSE:EXC) rose nearly 1.5% yesterday after the company reported fourth quarter 2008 EPS of $1.07, up from $0.84 in 2007. Full-year revenue of $18.86 billion was almost $1 billion higher than estimates,…
Schlumberger Limited (NYSE:SLB) reported a clear miss on quarterly and annual revenue and EPS estimates, but shares rose more than 6%. On top of that, the company expects 2009 to be weak, with drops…
Satyam Computer Services Limited (NYSE: SAY) has become the Enron of India. The troubles over its book-cooking are widely known, and there is very little tangible data about the real value of the company. …
Harley-Davidson, Inc. (NYSE: HOG) is looking about as ugly as you could expect. The motorcycle manufacturer posted dismal earnings, announced a factory mothballing, and announced layoffs. This doesn’t just throw 2009 into the toilet. …
Citi initiates coverage on MasterCard (NYSE: MA) with a Sell and initiates coverage on Visa (NYSE: V) with a Hold, citing decelerating consumer spending due to the global recession. Citi analyst says, "While we…
These are some of the top upgrades and positive research calls we have seen from Wall Street analysts this Friday morning: BB&T (BBT) Raised to Market Perform at KBW. Expeditors International (EXPD) Raised to…
These are some of the top downgrades and negative research calls we have seen from Wall Street analysts this Friday morning: AbitibiBowater (ABH) Cut to Underperform at Raymond James. Amcore Financial (AMFI) Cut to…
The market has been pushing down GE (GE) expectations for weeks. It has taken the stock to a multi-year low and left investors thinking that the big conglomerate would be crippled by its financial…
The idea that Fiat would buy 35% of Chrysler at least made a modest amount of sense. It would give Fiat an outlet to sell its small cars in the US. Chrysler could get…
Companies, even really big ones with hundreds of thousands of employees, can only fire so many people. At some point the core functions like accounting and marketing need enough personnel to keep operations running.…
Data released from the U.K. shows the economy there has not been in as bad shape since Margaret Thatcher was Prime Minister showing the recession is biting there harder than expected. GDP fell 1.5…
Google’s (GOOG) fourth quarter was better than expected. Revenue was up 18% and operating income rose 33%. The search company is starting to control costs better. The overall figures were better than expected. Wall…
In a relatively stable economy, quarterly earnings releases and public company forecasts can be useful guides to Wall St. Corporations can actually look out a three to six months and forecast how their business…
According to Reuters, Samsung had its first ever quarterly loss. Reuters reports that Pfizer (PFE) is in takeover talks with Wyeth (WYE), a deal that would be worth $60 billion. Reuters reports that a…
Markets in Asia were sharply lower. The Nikke fell 3.8% to 7,745. THe Hang Seng was of ..4% to 12,603. The Shanghia Compoite dropped .7% t0 1,991. In Europe, at the open, the FTSE…
We have perused many SEC filings over the years, but it seems that the flood gates are starting to open where regional banks and smaller banks are filing with the SEC to raise capital. …
Advanced Micro Devices Inc. (NYSE: AMD) just posted earnings, or at least its results. It is as far from earnings as ever, and it is also seeing steep declines like other technology companies. The…