Asia Markets And Europe Open 12/8/2008
Markets in Asia were higher The Nikkei rose 5.2% to 8,329. The Hang Seng was up 8.4% to 15,002. The Shanghai Composite rose 3.6% to 2,091. At the open, the FTSE was up 6.1%…
All Work
Douglas A. McIntyre
Is The Tribune Company Ready To File Chapter 11?
A day ago came news that McClatchy (MNI) would sell its flagship Miami Herald. The day before, the Rocky Mountain News went on the block and Newsday said it would make additional newsroom cuts.…
10 CEOs To Go In 2009 (BSX, C, DDS, EK, GM, NT, RAD, SNDK, SIRI, JAVA)
It is that time of year where companies should have been evaluating their plans for the year ahead. Each year we come out with a list of companies who should get rid of their…
CEO Of The Year Nominees: 9) Hugh Grant Of Monsanto (MON)
24/7 Wall St. will name its annual CEO of the Year next week. The executive will be picked from a field of ten which we will profile this week The CEOs are chosen on…
CEO Of The Year Nominees: 8) Kevin W. Scharer Of Amgen (AMGN)
24/7 Wall St. will name its annual CEO of the Year next week. The executive will be picked from a field of ten which we will profile this week The CEOs are chosen on…
Washington Wants A “Car Czar”, Russia Has None to Spare
Czar Nicholas II is not available due to his untimely demise, so Congress and the administration will have to find someone else to act as the "car czar", the role of making sure that…
OPEC Finally Comes To Its Senses, Prepares Production Cuts
OPEC is sending strong signals that it will cut production ASAP before Venezuela and Iran have to file for bankruptcy and Putin is thrown into irons for ruining Russia’s economy. (Russia is not an…
Big Company Stocks Under $1 And Those Heading There (TMA)(FNM)(FRE)(SIRI)(LVLT)(ETFC)(F)(C)(S)(NYT)(MNI)
Thornburg Mortgage (TMA) was just suspended from trading on the NYSE. Its price has been below $1 for too long. It trades at $.24. Extraordinary, because it 52-week high is $140.50. Losses and fear…
Detroit: The Smallest Bailout In The World
Detroit wants a dollar and it may get a dime. Congress may give The Big Three enough money to make it until early next year. GM (GM) and Chrysler are particularly desperate for funding.…
24/7 Wall St. Hooks up with Twitter & All Things Digital Couldn’t be Happier
Correction: In error, 24/7 Wall St. sighted Walter Mossberg as the author of the Twitter piece. The article, “Birds of a Feather Twitter Together,” was authored by Katherine Boehret. Our apologies to Ms. Boehret…
Toyota (TM) Cuts Deeper In North America
While the US car companies struggle to survive and GM (GM) and Chrysler say they may not make it until the end of the year, even mightly Toyota is bleeding. The Japanese car company…
Cramer’s Week of Shotgun Merger Proposals (RTP, AA, BHP, FCX, ITW, MTW, NKE, UA, PFE, AGN)
Jim Cramer came on CNBC’s MAD MONEY this week with several ideas for shotgun marriage merger proposals he wanted to throw out there where he was calling for more mergers from the cash rich…
Warren Buffett May Have Constellation Regardless (CEG, BRK-A)
We have had many inquiries this week over this EDF offer for Constellation Energy Group Inc. (NYSE: CEG) now that EDF in France gave a competing bid versus that of Warren Buffett’s Berkshire Hathaway…
The 52-Week Low Club (OREX)(RFMD)(BRY)(CLR)(AES)
Orexigen Therapeutics (OREX) Trouble with mid-stage drug trials. Drops to $1.55 from 52- week high of $15.63. Rf Microdevices (RFMD) Cuts guidance sharply. Falls to $.74 from 52-week high of $6. Berry Petroleum (BRY)…
Mortgage Bankers Says Delinquencies Rising, Set New Record
The Mortgage Bankers Association released their numbers for delinquencies on home loans at the end of the third quarter. The group reported that "the delinquency rate for mortgage loans on one-to-four-unit residential properties stood…
Chrysler Hires Bankruptcy Attorneys
According to a report in The Wall Street Journal, "Chrysler hired the prominent law firm of Jones Day several weeks ago as bankruptcy counsel, a move that suggests the auto maker is preparing for…
New Changewave Survey Shows Economy Going To Heck
Changewave, the research firm, is out with its survey of 3,029 business people. Some highlights: "More than half of respondents (51%) project that their company sales will come in Below Plan for the 4th…
10 CEOs To Go In 2009: James Tobin of Boston Scientific (BSX)
Generally speaking, we do not like to bring CEOs back from a past "list of CEOs to go." James Tobin of Boston Scientific Corp. (NYSE: BSX) has somehow managed to hang on to his…
10 CEO’s To Go In 2009: Antonio Perez of Eastman Kodak (EK)
Generally speaking we do not like resurrect candidates for CEOs to go. We first named Antonio Perez of Eastman Kodak Co. (NYSE: EK) in late 2006 as a CEO to go in 2007. It…
Cutting CapEx Still Popular (VQ, XOM, CVX)
It’s no longer news when an oil E&P company cuts its capex budget. As oil prices fall, profits are squeezed and companies rein in discretionary spending, of which capex is a principle component. So,…