So, your company’s stock is trading at nearly 90% below its 52-week high, and estimates for the current quarter point to a continued loss. What do you do? If you’re Evergreen Energy (NYSE: EEE),…
The recent bid by France’s Electricite de France (EDF) for half of the nuclear business of Constellation Energy (NYSE:CEG) caused Fitch Ratings to downgrade the company’s Issuer Default Ratings. The long-term IDR is now…
Reverse stock split or not, Rite Aid Corporation (NYSE: RAD) has been under the gun and its future is far from certain. There was a period in time in 2007 when it looked like…
Today was supposed to be all about the employment and jobs data. The data is out and it isn’t pretty. November’s unemployment rate hit a new recent high of 6.7%. The November non-farm payrolls…
Big companies lost 30,000 jobs yesterday. Those are the public companies which had to come clean. Who knows how many jobs were lost at smaller companies. Businesses with under 100 people supposedly have over…
More people in the oil industry and the services businesses that support it are going to be out of work soon. That is because crude dropped from $147 to under $50. Venezuela could be…
Oprah helped get Mr.Obama elected President. At the very least she brought him some remarkable national attention. The famous talk show host and celebrity may have also given the new Amazon (AMZN) Kindle electronic…
These are the top pre-market analyst upgrades and positive calls we have seen so far this Friday morning: Burger King (BKC) Started as Buy at Citigroup. HNI Corp. (HNI) Raised to Neutral at Goldman…
These are the top pre-market downgrades from Wall Street analysts this Friday morning: Berry Petroleum (BRY) Cut to Market Perform at Morgan Keegan. Bill Barrett (BBG) Cut to Market Perform at Morgan Keegan. Bunge…
According to Barron’s, one of the Wall St. analysts who follows Apple (AAPL) most closely has sharply cut his forecasts. "For the September 2009 fiscal year, Munster cuts his revenue estimate to $38.86 billion…
People still keep Confederate Dollars. They have not been worth anything since 1864, but they are a nice collectors item and evoke memories of brother killing brother. Now, the State of California is collecting…
When oil got over $140 a barrel, there were grave concerns that huge numbers of people could be put out of work. Airlines and auto companies could not afford high gas prices. People were…
Boeing (BA) is moving up the list of worst managed US companies at lightning speed. It went through a nice long strike with its machinists, which it settled after two months. Then it began…
According to Reuters, car company executives went before Congress and pleaded for billions of dollars. Reuters reports that governments are bracing for a long crisis ahead. Reuters reports that Paulson says the financial bailout…
Markets in Asia were mixed. The Nikkei fell .1% to 7,918. The Hang Seng was up 2.1% to 13,790. The Shanghai Composite was up .7% to 2,019. At the open, the FTSE was off…
On tonight’s MAD MONEY on CNBC, Jim Cramer called for companies with high cash balances to make acquisitions while competitors are dirt cheap and vulnerable. Yesterday, Cramer called for Pfizer (NYSE: PFE) to acquire…
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…
Chesapeake Energy (CHK) National gas supply levels fall. Drops to $11.54 from 52-week high of $74. Weatherford International (WFT) Oil prices hurting drilling equipment firms. Plunges to $8.32 from 52-week high of $49.98. Transocean…
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…
The Business Roundtable CEO Economic Outlook Index shows much more caution than optimism. This reflects expected sales, capital expenditures and employment figures over the next six months. The survey index fell down to 16.5…