The Washington Post once again did what it does so well. It uncovered some nasty documents, in this case about Fannie Mae (FNM) and Freddie Mac (FRE). "Internal Freddie Mac documents show that senior…
John Thain of Merrill Lynch (MER) and John Mack of Morgan Stanley (MS) looked like men in hostage video tapes with guns held to their heads as they were forced to forgo their 2008…
If the federal government puts $15 billion into the car companies, it will have made a start at fixing The Big Three. It may take another $100 billion to finish the job, and, if…
The theory about the economy, which probably has the benefit of being true, is that while the housing market is broken, the rest of the country’s financial problems will remain largely unsolved. Too many…
Once people stopped buying the Walkmen and PlayStations and the consumers’ attention moved to the Apple (AAPL) iPod and Microsoft (MSFT) Xbox, Sony may have gone beyond its prime to such as extent that…
According to Reuters, The Tribune Company filed for Chapter 11. Reuters reports that Congress and The White House are close to a bill that would give Detroit modest loans. Reuters reports that Fannie Mae…
Markets in Asia were mixed. The Nikkei rose .8% to 8,396. Honda (HMC) rose slightly. Nintendo was up on news of strong sales. The Hang Seng fell 2.2% to 14,718. The Shanghai Composite fell…
24/7 Wall St. will name its annual CEO of the Year later this week. The executive will be picked from a field of ten which we will profiled over the last ten days. The…
The economy in China may not be so troubled as some experts say. The world’s most populated nation would like to loan Brazil $10 billion to develop tremendous new oil fields off its coast…
Winning the Nobel Prize should brighten the spirit, especially since it comes with a $1.3 million cash prize. Not so for Paul Krugman, this year’s winner for economics. He is simply too depressed about…
Experts have been making predictions about when the credit crisis would end since several Wall St. CEOs said it was almost over this summer. A number of economists say the downturn could go on…
Texas Instruments Inc. (NYSE: TXN) lowered guidance at its mid-quarter update. We expected this, but the magnitude here for companies reporting data later this quarter is getting worse than those which gave guidance back…
After it was reported that Merrill Lynch (MER) CEO John Thain was after a $10 million bonus he was viciously attacked by everyone from the media to NYS Attorney General Andrew Cuomo. Late today,…
National Semiconductor Corp. (NYSE: NSM) reported disappointing second quarter sales and profit for the second quarter after the close. The chipmaker said that net income fell to $33.9 million, or $0.14 per share. This…
The theory goes something like this: Microsoft (MSFT) has a model for selling software which is installed in a PC or server and uses that device’s computing power and memory to run the applications.…
The recession is not breaking the video game addiction shared by so many Americans. Even in a downturn they can find cash for games and consoles. Microsoft (MSFT) said Xbox sales broke records on…
Today may be a fairly important news day after the close for semiconductor stocks. We have a mid-quarter update from Texas Instruments Inc. (NYSE: TXN) and an earnings report from National Semiconductor Corp. (NYSE:…
If you have been waiting for the smaller brokerage firms in the Tier-2 and Tier-3 categories to start merging, it looks like the first shot in the consolidation wars has been fired. Rodman &…
We keep trying to look for good news on the jobs front. Unfortunately, there is almost none to be found. The Conference Board Employment Trends Index was released today and the report shows that…
John Tamny, RealClearMarkets During the dark days of the Great Depression, Treasury Secretary Henry Morgenthau relayed to President Roosevelt the details of a conversation he had with his son, Henry III. When asked by…