Citigroup (C) and some other banks are in talks with Senators about legislation that would change how people in bankruptcy would be treated when it comes to their mortgages. The obvious goal is to…
Goldman Sachs was already cautious on Sun Microsystems Inc. (NASDAQ: JAVA). But this morning it slashed a prior Neutral rating down to its ugly SELL rating. The firm cited deteriorating fundamentals as the economy…
Big Chinese PC company Lenovo said its earnings were falling apart and laid of 11% of its staff. At almost the same time, Dell (DELL) said it was "moving" 1,000 jobs from Ireland to…
There has been one shipping company which has been largely immune to the woes of the shipping sector and the global economy. That is Nordic American Tanker Shipping Ltd. (NYSE: NAT). It has been…
The conventional wisdom about Microsoft (MSFT) will that it will never make a lot of money on its gadgets, the Zune and Xbox, and it will never make any money on its Internet business,…
Part of the financial game that the US and China have played for more than a decade is that America imports tremendous amounts of Chinese goods and China buys US debt. That keeps the…
According to Reuters, Microsoft (MSFT) Windows 7 is "on schedule" and will begin testing with consumers. Reuters reports that Obama will lay out his case for stimulus package in a speech. Reuters reports that…
Markets in Asia were sharply lower. The Nikkei dropped 3.9% to 8,876. The Hang Seng fell 4.1% to 14,366 The Shanghai Composite fell 2.3% to 1,878. In Europe, the FTSE was off 1%. The…
EMC Corp. (NYSE: EMC) has been a love and hate relationship if you have hung in there since before, during, or after the VMware (NYSE: VMW) spin-off. The company issued some great news after…
Leapfrog (LF) Concerns about holiday toy sales. Down to $3.06 from 52-week high of $10.63. Symmetry (SMA) Wachovia downgrades orthopedic sector. Falls to $9.67 from 52-week high of $21.99. Crescent Banking (CSNT) Enters into…
We have noted on more than one occasion that pension plans would be trouble in the future. It has been well known that city, county, and state pension plans are facing severe losses and…
Akeena Solar, Inc. (NASDAQ: AKNS) is trading lower today after the company filed to sell up to $30 million in a mixed securities shelf offering. No terms were listed, but the company listed that…
Progress Energy Inc. (NYSE:PGN) announced yesterday that it would issue 11.5 million new shares of common stock. JP Morgan Securities Inc. and Morgan Stanley & Co. are joint managers and have an over-allotment option…
A look at the Congressional Budget Office figures for 2009 and 2010 is enough to drive most strong men to despair. Right at the start the CBO says that the federal government will run…
As the dispute drags on between Ukraine and Russian over the price of Russian natural gas, the weather gets colder in Europe and the European Union has demanded an immediate solution to the problem.…
Oppenheimer’s star banking analyst Meredith Whitney slammed the banking giants yet again this morning. The difference between today’s note and her prior criticisms, is that now she expects that many banks will need to…
Collins Stewart initiates coverage on Apple (Nasdaq: AAPL) with a Buy. Price target $117. Collins analyst says, "The heavily subsidized smart phones remain the sole bright spot in an otherwise anemic handset market. While…
Technology is far from a recovery if you trust what the companies are telling you at face value. Just look at Intel Corporation (NASDAQ: INTC) and you will see why. The processor and chip…
Collins Stewart has initiated coverage on several key technology stocks this morning. The boutique firm has come out positive on Apple Inc. (NASDAQ: AAPL) and on Qualcomm (NASDAQ: QCOM), and a little more conservative…
This is a revised number with new methodology, but ADP’s job loss number predictions for December are off the chart. ADP had previously been under expectations where Wall Street economists saw 500,000 non-farm payroll…