It was 2006 when Scott McNealy broke the news that Jonathan Schwartz would become the new CEO of Sun Microsystems Inc. (NASDAQ: JAVA) rather than just be the Chief Operating Officer. As he was…
Howard Schultz, CEO of Starbucks (SBUX) keeps retreating from his previous forecasts of how the company will perform financially for the last part of this year and into 2009. The SBUX CEO today remarked…
The latest and one of the most bizarre aspects of the decision of whether the US government will make loans available to bailout Detroit is the battle over which federal agencies can provide capital…
As late in the game as it may be, Paulson began to address bringing down mortgage interest rates for new home buyers by suggesting the Fannie Mae (FNM) and Freddie Mach (FRE) could be…
Kicking management and practices at Nortel Networks Corp. (NYSE: NT) is nothing new for us. We have discussed the company’s problems here for longer than memory serves. Mike Zafirovski is president and chief executive…
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On Mad Money last night, Jim Cramer said Pfizer (PFE) should consider buying Allergan (AGN). Cramer thinks this is a smart play similar to Johnson & Johnson acquisition of Mentor Corporation (MNT) earlier in…
By John Tamny RealClearMarkets Supply-siders are concerned with the quality of money, not its quantity. Nobody, except the market as a whole, could ever know how much of what kind of money is appropriate…
Rock star Bono must be a lot less well off financially than he was two years ago. He must also wish he never met Roger McNamee, who runs private equity firm Elevation Partners where…
Before the market opened this morning, Equitable Resources (NYSE:EQT) announced a capital expenditure budget of $1 billion for 2009. This amount is down from Equitable’s expected capex of $1.4 billion this year. The company…
Oil field services giant Schlumberger (NYSE:SLB) confirmed yesterday that its gross profit for the full 2008 fiscal year would come in below analysts" estimates. The stock closed off about 3% yesterday and shares are…
When everyone else is ducking for cover, it often pays to stick your neck out. That seems to be what Fluor Corporation (NYSE:FLR) is doing with the announcement of a new business that it…
It seems that the lower demand for PC’s and the demand that is there heading into the under-$500.00 PC market is taking its toll on everyone. We have already seen a sharp warning from…
It is easy to get pumped up about overseas rate cuts, but there is cautionary data from at least three DJIA components. Wal-Mart is the economic trade-down so that win in retail sales is…
The weekly jobless claims just came out at a drop of 21,000 to 509,000. Economists were looking for a roughly 540,000 who applied for benefits. Last week’s initial report of 529,000 was also revised…
After Costco (COST) posted poor numbers for last month and almost every other large retailer in the US said that the early parts of the fourth quarter were bad and the future looked worse,…
These are some of the top pre-market analyst downgrades and cautious calls we have seen this Thursday morning: Accenture (ACN) Cut to Neutral at Goldman Sachs. Adobe Systems (ADBE) Cut to Neutral at Baird.…
These are some of the top pre-market analyst upgrades we have seen this Thursday morning: Amazon.com (AMZN) Raised to Overweight at Barclays. Applied Materials (AMAT) Raised to Buy at Citigroup. Blue Nile (NILE) Raised…
So much fore feeling better in a bad economy. Merck (MRK) offered lackluster guidance for next year and the stock is off before the open. According to Reuters, "Merck said it expected earnings, excluding…
Nokia (NOK) can’t keep up with the falling demand for cellular handsets. It cuts its forecasts for Q4 and 2009 again. That is probably not good new for Motorola (MOT), Samsung, RIM (RIMM), or…