According to Reuters, Japan’s recession deepened as its exports fell sharply. Reuters reports that Ireland will spend $7.7 billion to bailout its largest banks. Reuters reports that Toyota (TM) will report its first operating…
Markets in Asia were mixed The Nikkei rose 1.6% to 8,724 despite a big drop in exports. Toyota (TM) fell after cutting output. The Hang Seng dropped 2.6% to 14,742. The Shanghai Composite was…
"That’s nothing." Percy had leaned forward and dropped his voice to a low whisper. "That’s nothing at all. My father has a diamond bigger than the Ritz-Carlton Hotel." –F.Scott Fitzgerald, "The Diamond As Big…
It used to be that $1 trillion seemed like a lot of money. Now the Obama administration-to-be says that it plans to put just short of that sum into the US economy over the…
Canada will put up $3.3 billion in government loans for troubled car companies. GM (GM) and Chrysler have large operations there, particularly plants. A shutdown of the firms would cost thousands of jobs. The…
People who get to the end of 2008 and are still at work can be thankful. The unemployment rate will probably be over 7%. That does not count the people no longer looking for…
Most members of Congress are still remarkably upset that Paulson too the first half of the TARP money and used it for purposes much different than the ones he first set out. Instead of…
Michael Jackson, the CEO of Auto Nation (AN) has been around the car industry for decades. He got started as an auto dealer in 1979 and ran the North American operations of Mercedes-Benz. Jackson…
A lot of fairly well-known public companies either disappeared or went bankrupt this year. Circuit City is on the list. Based on the most recent news GM may get added soon. 24/7 Wall St.…
There are plenty of 52-week lows out there for the picking. These are some of the major lows we saw today which we have seen. Some are on specific news, and some are just…
Energy Transfer Partners L.P. (NYSE:ETP) has priced an offering of $600 million in 9.7% senior notes due 2019, and the paper has been rated ‘BBB-‘ with a ‘stable’ outlook by Fitch Ratings. Earlier this…
It has become just another trading day for GM (GM). Shares are up 11% to $4.09. Over the last two weeks, it has traded well above that level on several days. On December 8,…
NRG Energy, Inc. (NYSE:NRG) responded to yesterday’s announcement by hostile suitor Exelon Corporation (NYSE:EXC) that Exelon had filed for Hart-Scott-Rodino approval of its proposed merger with NRG. The response is nothing more than a…
Henry Paulson wants the $350 billion still left in the TARP funding from Congress. He says the last part of the first $350 billion is going to Detroit. His logic seems to be that…
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) is making it easier for the army of relatively new penny stocks to maintain their listings on NASDAQ. The exchange filed with the SEC to extend its suspension…
Sears Holdings (Nasdaq: SHLD) Director, Richard C. Perry, continues to sell his holdings of Sears Holdings. Earlier in the week, Richard Perry sold over 1.2 million shares leaving him with 1.39 million shares. However,…
President Bush said that he will offer loans from the TARP to cover funding needs for three months or so. The package is meant to mirror the one narrowly defeated in Congress less than…
M&T Bank Corporation (NYSE: MTB) has agreed to acquire Provident Bankshares Corporation (NASDAQ: PBKS) for roughly $401 million in stock.
There are some additional important analyst calls which were not on the early bird list over an hour ago. Here are some additional upgrades, downgrades, and initiations of new coverage from Wall Street analysts:…
These are some of the top pre-market analyst upgrades and downgrades we have seen from Wall Street this Friday morning with more than two hours until the market opens: Brookdale Senior Living (NYSE: BKD)…