Chevron Corporation (NYSE:CVX) already gave its severe earnings warning and we have already seen layoffs coming out of Schlumberger Limited (NYSE: SLB). and its dragging down share prices for the other oil majors. Interestingly,…
It looks like Nordstrom Inc. (NYSE: JWN) has a new largest shareholder. An existing holder called Capital World Investors has increased its ownership in the upscale retailer and now owns a 10.1% stake in…
As if you would not have guessed, wrestling is apparently not a recession-proof business. This morning there was an announcement from World Wrestling Entertainment Inc. (NYSE: WWE) that it was "restructuring," which is the…
Another Special Purpose Acquisition Company, or SPAC, has bitten the dust. This one bit the dust before it even launched. In a filing with the SEC, Greenstreet Acquisition Corp. is the latest "public-private equity"…
Morgan Joseph upgrades Palm (NASDAQ: PALM) to Buy with a $6.50 price target, following the intro of the Palm Pre. The firm said, "Yesterday, Palm introduced what we believe is an attractive and long-awaited…
It seems that the odd nature of natural gas supplies to Europe from Russia may be taking a turn toward normalcy. At least whatever that means in Russia and anyone dealing with it. Platts…
It seems that Donald Trump is in charge everywhere if you look at the most recent data from the Labor Department: everyone is fired. Today’s report could have gone much differently. It isn’t that…
By most estimates the report on December unemployment could hardly have been worse. Many experts believe that 500,000 jobs would be lost and that unemployment would rise to 7%. The actual figures came in…
KB Home (NYSE: KBH) and the housing sector is far from out of the woods. Even if you pretend your name is Dr. Pangloss it is hard to find some decent data among the…
No one is his right mind is likely to be happy with the Best Buy (BBY) numbers for December. Same-store sales dropped 6.5%. Sales rose a modest 4% to $7.5 billion. The figures were…
These are the early bird upgrades and positive analyst calls we have seen from Wall Street this Friday morning: Allscripts-Misys (NASDAQ: MDRX) Raised to Outperform at William Blair. Becton Dickinson (NYSE: BDX) Raised to…
The rate of downgrades versus upgrades is still coming out with a much more negative bias from Wall Street. These are some of the downgrades and negative research calls we have seen from Wall…
A rough count would show that something like a quarter of the business coverage at most financial websites and in the financial sections of newspapers is devoted to the Bernie Madoff matter. The old…
According to the FT, "Steve Ballmer, Microsoft’s chief executive officer, has increased the pressure on Yahoo to hand over control of its search business to his software company." And: "The best time for a…
In the game of chess over how Detroit can be saved, one of the moves has been to try to keep the UAW from striking. A strike could end any chance that GM (GM)…
It did not take long for the Congressional attacks on the Obama stimulus package to begin. That should have been expected from the Republicans, but the more spirited disagreement with administration plans is coming…
The committee assigned by Congress to keep track of whether the Treasury has spent the money from the TARP wisely has come out with its latest report which keelhauls Henry Paulson and his colleagues.…
According to Reuters, the world is waiting on US jobs data to measure recession. Reuters reports that a Congressional panel is upping criticism of the Treasury. Reuters reports that corporate fraud scandals can happen…
Markets in Asia were mixed. The Nikkei was down .5% to 5,537. The Hang Seng was off .1% to 14,399. The Shanghai Composite was up 1.4% to 1,905. At the open in Europe, the…
Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) does not go for short-term gains, and short-term losses are part of the game for investing. Warren Buffett has even told employees to only to worry about…