Analysts at Deutsche Bank commented on General Motors (NYSE: GM) after the company presented additional details of its restructuring plan at the Detroit Auto Show Conference on Thursday. They said the operational restructuring could…
Charles Schwab Corp. (NASDAQ: SCHW) results might not be that great compared to before, but they may be the envy of Wall Street. The online discount broker not only made money on a GAAP…
The December Consumer Price Index, or CPI measuring consumer-level inflation, is showing that the risks to deflation are real. Low prices are good. Low prices that go lower can generate a whole host of…
Buried a bit in the news that the government had entered into a definitive agreement to share losses on $301 billion of Citigroup’s toxic assets and the announcement that the company lost $8.3 billion…
These are some of the top pre-market analyst upgrades we have seen early this Friday morning: Barnes & Noble (BKS) Raised to Neutral at JPMorgan. Brink’s (BCO) Started as Outperform at Oppenheimer. Kellogg (K)…
These are some of the top pre-market analyst downgrades we have seen early this Friday morning: ABB (ABB) Cut to Neutral at Goldman Sachs. Barclays (BCS) Cut to Sell at RBS. Corn Products (CPO)…
If there was ever any concern that consumers would face higher gas prices, many are now assuming that this economic worry may be gone. And the case for deflation is growing. More and more…
Sony Ericsson, by most measures the fourth-largest handset company in the world, missed analysts’ estimates for the last quarter. The age of the endless growth of cellphone purchases may have come to an end.…
The rehabilitation and restructuring of Citigroup (C) was supposed to take months, or maybe a year. The big bank got a cash infusion when it sold a part of Smith Barney to Morgan Stanley.…
A run-of-the-mill economist would define deflation as the loss of money supply and credit in the markets. Simply stated, the value of money erodes as prices drop sharply. The value of labor and goods…
Now that Bank of America (BAC) has been given $20 billion more capital from the government in addition to about $118 billion in guarantees against toxic asset losses, the subject of whether the government…
According to Reuters, Bank of America will get a huge financial aid package from the government. Reuters reports that Congress is advancing legislation to release the balance of the TARP funding. Reuters says that…
Markets in Asia were higher. The Nikkei was up 2.6% to 8,230. The Hang Seng rose .3% to 13,228. The Shanghai Composite was up 1.8% to 1,954. At the open in Europe, the FTSE…
Intel Corporation (NASDAQ: INTC) just posted earnings of $0.04 in non-GAAP EPS and $8.23 billion inrevenue. Thomson Reuters (First Call) had estimates at $0.04 non-GAAPEPS and $8.21 billion in revenue. The company had warned…
Bank Of America (BAC) Needs a bigger government bailout. Drops to $7.35 fro 52-week high of $45.08. Regions Financial (RF) Bad day for banks. Falls to $5.97 from 52-week high of $25.84. US Bancorp…
Intel Corporation (NASDAQ: INTC) is set to report earnings right after the close. The company has already said the quarter would be atrocious. More than once. But there are some things which are far…
Judged by the country’s performance in extracting hydrocarbons, Venezuela under President Hugo Chavez has not been a smashing success. Ten years ago, when Chavez first came to power, the country produced about 3.4 million…
From time to time, the editors at 24/7 Wall St. will look at which companies may file for Chapter 11 bankruptcy protection over the next year. The analysis involves looking at SEC filings with…
By now, even the pygmies have heard that Steve Jobs is taking a medical leave of absence as CEO of Apple Inc. (NASDAQ: AAPL). Where Apple goes from here is one issue dependent upon…
Target Corporation (NYSE: TGT) announced this morning that its board of directors has appointed president and CEO Gregg Steinhafel as the company’s chairman of the board, effective February 1. Steinhafel will succeed Bob Ulrich,who…