According to Reuters, Citigroup (C) has begun the process of breaking itself into pieces. Reuters reports that Chrysler is in deal talks about selling assets to Renault or Magna. Reuters reports the Obama is…
Markets in Asia were mostly higher. The Nikkei rose .3% to 8,438. The Hang Seng was up .1% to 13,682. The Shanghai Composite rose 3.5% to 1,929. At the open in Europe, the FTSE…
Level 3 Communications, Inc. (NASDAQ: LVLT) has just filed a mixed securities shelf registration with the SEC that will allow the sale of securities. This filing pertains more to security holders of the company…
Citigroup (C) and Morgan Stanley (MS) have agreed to combine Morgan Stanley’s Global Wealth Management Group and Citi’s Smith Barney, Quilter in the UK, and Smith Barney Australia into a new joint venture to…
Yahoo! Inc. (NASDAQ: YHOO) has now confirmed reports that the former head of Autodesk (NASDAQ: ADSK) Carol Bartz will become CEO of the troubled search and online media company. But this is also coming…
United States Natl Gas Fund (UNG) Falling gas prices. That’s all. Drops to $21.37 from 52-week high of $63.89. American Greetings (AM) New share buy-back does not seem to be helping. Down to $5.35…
Huntington Bancshares Incorporated (NASDAQ: HBAN) has filed a mixed-securities shelf registration with the SEC which will allow the company to sell securities and raise capital if it chooses. The company asked to sell an…
It is picking low-hanging fruit to say that Yahoo!’s (YHOO) new CEO, Carol Bartz, can’t fix the portal company. Yahoo!’s shares are down about 3% on the news of the selection. Bartz had a…
Short selling is not always just used as a bet against a stock, but that is what Wall Street evaluates short interest for. We did note a drop in short selling on NASDAQ from…
Oil field services company Basic Energy Services, Inc. (NYSE:BAS) reported this morning that December 2008 operations were even lower than expected. Drilling rig utilization reached just 66% in December, down from 83% in November…
Encore Acquisition Company (NYSE:EAC) announced this morning that it would cut its capital spending budget for 2009 by $150 million to $210 million. The company primarily buys and operates long-lived, slowly declining assets that…
Low commodity prices are likely to have a "significantly negative impact" on 2008 proved oil & gas reserves, according to Fitch Ratings. Wonder how long it took the analysts to figure that out.
General Electric Co. (NYSE: GE) gave us a trader and volume spike alert earlier this morning. The weakness today is being tied to a Barclays research note predicting that GE 4Q earnings will likely…
Citigroup Inc. (NYSE: C) has issued a statement regarding the many news reports on the possible combination of Smith Barney with Morgan Stanley (NYSE: MS).
Things have been bad for NVIDIA Corporation (NASDAQ: NVDA) for some time. Unfortunately, they are not looking any better. The company did not just lower its guidance. Its guidance is so bad that it…
by Rob Arnott & John Tamny Back in the dark economic days of the late 1970s and early 1980s, truly revolutionary change on taxation improved the economic outlook in both Great Britain and the…
Shares of First Solar, Inc. (NASDAQ: FSLR) were already hit hard yesterday. They are under pressure again this morning. It isn’t just lower and lower energy prices and a slower and slower economy taking…
Ben Bernanke today addressed a number of issues still plaguing the economy. He said that no one could predict how long an economic recovery would take. He acknowledged that the Obama stimulus plan might…
These are some of the top pre-market analyst upgrades from Wall Street which we have seen this Tuesday morning with more than two hours until the open: Atmel (NASDAQ: ATML) Started as Buy at…
These are some of the analyst downgrades we have seen from Wall Street this Tuesday morning with more than two hours until the open: Adobe Systems (NASDAQ: ADBE) Cut to Underperform at FBR. Blackbaud…