There were not as many analyst upgrades today, but here are this Wednesday’s early bird upgrades: AK Steel (NYSE: AKS) Raised to Buy at Goldman Sachs. Aeropostale (NYSE: ARO) Started as Buy at KeyBanc…
There were not as many analysts calls today, and you will see that the upgrades and downgrades from Wall Street analysts are just not as robust as some might have expected. Here are this…
We reported yesterday that Israeli-data and IT security firm Aladdin Knowledge Systems Ltd. (NASDAQ: ALDN) was up sharply higher on reports that its old merger offer "may" be developing again. The company has issued…
T. Boone Pickens may still have some relevance in the media and in oil circles. And he may not. The oil magnate made a call late yesterday that oil could be back at $100.00…
If you are one of those who cannot stand Indian IT-outsourcing firms, you probably just got another feather in your cap. India’s Satyam Computer Services Ltd. (NYSE: SAY) is turning out to be a…
Yesterday, Bank of America (BAC) said it would miss its 2008 numbers. There has been a good deal of talk that Jamie Dimon will be pulled off his thrown at JPMorgan (JPM) once the…
It is the Year of the Rat in China. Perhaps they could change that to the Year of the Dog so that it would be in keeping with the general mood. One of the…
It would be hard to miss the headline that Alcoa (AA) fired 15,000 people yesterday. The actions of big companies are probably a much better indicator for what is ahead for the economy than…
The Obama team has owned up to the fact that aiding the crippled economy will put the US budget into a trillion dollar deficit. It has gone so far as to say that the…
According to Reuters, Alcoa (AA) will fire more than 13,000 people. Reuters reports that Apple (AAPL) disappointed with no Jobs or big announcements at Macworld. Reuters reports that GM (GM) says government loans cover…
Markets in Asia were mixed. The Nikkei rose 1.7% to 9,239. The Hang Seng was down 3.3% to 14,992. The Shanghai Composite was down .7% to 1,924. At the open, the FTSE was off…
Homebuilders are supposed to be a winners under the new tax incentive plan and with mortgages now priced at less than 5%. But after the close came a filing showing that Robert Toll, CEO…
La Jolla Pharmaceutical Company (NASDAQ: LJPC) has been more than just a troubled biotech. It has even been considered an at-risk entity by some traders after it had been down more than 90% at…
Alcoa (AA) announced that it will fire 13,500 people and 1,700 contractors. The full-time people are 13% of the firm’s work force. Alcoa will also freeze hiring and salaries and cut capex by 50%.…
Enterprise Products Partners L.P. (NYSE: EPD) has announced that it will sell 8,600,000 common units in a secondary offering. The units represent limited partner interests rather than traditional shares seen in most secondary offerings.…
The Wall Street Journal has gotten a hold of some internal documents from Bank of America (BAC) which say that CEO Kenneth Lewis and his top people will not take bonuses. There seems to…
Going back a year it would have been very hard to find more than a handful of economists who believe that a global recession would potentially drive down GDPs in most of the world’s…
It really is a wonder how and why the debt ratings agencies still have any merit or use at all, but for now they still have some pull. Moody’s has announced that it has…
John Malone and Barry Diller had their full round of the boxing match last year. But now it seems another fight may be under way. Liberty Media Corp. has been unloading shares of IAC/InteractiveCorp…
Apple (AAPL) cut the prices of some of the songs available on its iTune music service and the market did not like it at all. According to a number of media sources, some songs…