A Bloomberg review of the S&P 500 stocks shows that the fourth quarter of 2008 will probably be the sixth quarter of declining earnings. According to the news service, "Fourth-quarter profit at companies in…
Billionaire Mark Cuban disclosed a 9.4%, or 1,200,000 share, stake in Carmike Cinemas, Inc. (Nasdaq: CKEC). Cuban did not hold a prior stake in the company. Curban disclosed that he paid $2,758,376 for the…
Nothing could really stop the falling price of oil as it slumped from $147 last summer to well under $40. The recession caused too big a drop in demand. OPEC was repeatedly humiliated by…
John Tamny RealClearMarkets As the year 1970 drew to a close, some of President Richard Nixon’s top economic advisors were frantically searching for ways to grow the economy ahead of the ’72 elections. Herbert…
Charter Communications (CHTR) was downgraded to "sell" at Citigroup. Honeywell (HON) was downgraded to "hold" at Argus. American Eagle (AEO) was startes as "buy" by Pali.
At some point all stocks get too cheap. Enron go too cheap. So did Fannie Mae (FNM) and Freddie Mac (FRE). The next round of company shares that appear to be bargains is bank…
So far there are very few analyst calls seen, but that may be the norm for this week. Here are today’s early bird analyst callls: Standard Pacific (SPF) Raised to Buy at UBS. FPL…
Sir Howard Stringer’s appointment in 2005 as Sony’s CEO was meant help turn the company into what it used to be–Apple (AAPL) based in Tokyo and not Cupertino. With products like the Walkman and…
It is easy to look at Kuwait’s abandonment of a deal with Dow Chemical (DOW) as a simple economic decision on the part of the small Arab country. But, the country’s Parliament was involved.…
For decades, labor’s strongholds were in the car business, newspapers, states and municipalities, and transportation. Between the UAW and the AFL-CIO millions of workers had jobs which were virtually guaranteed along with good wages…
According to Reuters, Kuwait canceled a $17 billion joint venture with Dow Chemical (DOW). Reuters reports that Credit Suisse (CS) clients may have lost $926 million on the Madoff scam. Reuters reports that GMAC…
Markets in Asia were mixed. The Nikkei rose .1% to 8,747. The Hang Seng was up .2% to 14,205. The Shanghai Composite was down 1.1% to 1,831. At the open, the FTSE was up…
A lot of investors are betting the Dow Chemical’s (DOW) best years are behind it. Shares have dropped from a 52-week high of $43.43 to $19. The stock now trades where it did in…
24/7 Wall St. has already provided a list of retailers who may well not make it through 2009. According to The Wall Street Journal, "AlixPartners LLP, a Michigan-based turnaround consulting firm, estimates that 25.8%…
The global economy has not contracted since 1947. But, an HSBC economist believes that it will happen again in 2009. According to The London Telegraph, Stephen King, HSBC’s chief economist writes "On the basis…
Americans have to be doing better now that gas is well under $2 a gallon compared to the $4 or higher where it was sitting last summer. By many accounts, a family with two…
There has been a great deal of debate about whether a car company lending arm should qualify for federal bailout funds. GMAC is no longer owned exclusively by GM (GM) because hedge fund Cerberus…
Western Gas Partners, LP (NYSE:WES) has completed the purchase of gas processing plants and gathering systems from Anadarko Petroleum Corporation (NYSE:APC). Western Gas was formed by Anadarko earlier this year to off-load Anadarko’s mid-stream…
Small-cap oil producer TXCO Resources Inc. (NASDAQ:TXCO) announced a few days before the holiday that it would reduce staff by 20%, slow its fourth-quarter drilling operations, and shut-in five wells and two steam generators…
Flying J Oil, Inc., a privately-held oil company headquartered in Ogden, Utah, filed for bankruptcy protection under Chapter 11 on December 22nd. The company owns and operates more than 250 retail outlets in the…