Corporate IT spending has driven off a cliff. No one should be surprised. The recession has cut into corporate revenue. Many companies are faced with cutting people or upgrading hardware and other services. Most…
The New York Times Company (NYT) announced that it was cutting its dividend by 74% to $.06. That came after its revealed that its October advertising revenue fell over 16%. Internet sales were only…
According to Reuters, Citigroup (C) is weighing options including a sale. Reuters reports that oil moved to a three-and-a-half year low. Reuters writes that Fannie Mae (FNM) and Freddie Mac (FRE) are suspending some…
Most markets in Asia rose. The Nikkei was up 2.7% to 7,911. The Hang Seng rose 3% to 12,668. The Shanghai Composite was down .7% to 1,969. In Europe, the FTSE opened down .5%…
Fannie Mae (FNM) and Freddie Mac (FRE) announced that they will suspend foreclosures of occupied homes until early 2009. That appears to be an excellent way to stop the increase in evictions and bring…
Online revenue at The New York Times Company (NYT) would have to be doubling to make up for the drop in overall revenue, based on the figures the company supplied for October. Unfortunately, online…
Dell Inc. (NASDAQ: DELL) today posted earnings which may contain some surprises for bulls and bears alike. The PC maker posted $0.37 EPS and $15.16 billion in revenues versus $0.31 and $16.22 billion estimates. …
Verifone (PAY) JP Morgan cut rating. Drops to $2.38 from 52-week high of $48.61. Suntech (STP) Forecast below Wall St. estimates. Down to $5.60 from 52-week high of $90. Jones Apparel (JNY) Part of…
This is not going to be a pleasant topic, but by now we are all probably more than used to unpleasant economic topics. The Dow Jones Industrial Average may follow its trend of booting…
Treasury Secretary Henry Paulson called the financial crisis now plaguing the world economy a "once or twice" in a 100 years event, even as he warned Thursday against imposing too-strict regulations to prevent a…
Standard & Poor’s has come out with another timely research call today, and while shares are still up about 5% they are off of intra-day highs.. The ratings agency has lowered its ratings on…
Now that his company has its bailout cash from Henry Paulson, Bank of America (BAC) CEO Kenneth Lewis can say whatever he wants about the government. BAC has probably spent all the money, so…
So much for the Detroit bailout that was supposed to be announced later today. CNBC is reporting that there is no deal. The network says: "Senate Majority Leader Harry Reid and House Speaker Nancy…
Word from Washington is that a bailout agreement has been reach among the various factions in Congress. There will no details on the arrangement until a news conference later this afternoon According to MarketWatch: …
______________________________________________________________Airline Industry 2009 Recovery – MAYBE – By Robert Herbst Only weeks ago due to the unprecedented rise in fuel costs, analysts were predicting doom for the airline industry. Today, crude oil is over…
No one knows what a Great Depression would look like in 2009. It would not necessarily have to match the 25% or so unemployment rate which was the high-water mark of joblessness in the…
By John Tamny RealClearMarkets When Treasury Secretary Henry Paulson announced last month that he would use TARP funds to directly buy shares of banking firms, many on the left and right rejoiced. With an…
Grand Canyon Education, Inc. (NASDAQ: LOPE) priced its initial public offering of 10,500,000 shares of its common stock at $12.00 per share. This pricing was at the lower-end of yesterday’s lowered range. Trading just…
The point that alternative energy companies are being battered in the stock market is no surprise. Yet some of the companies, at least, are performing fairly well and probably deserve better treatment. Solar PV…
From StreetInsider With shares of Google (Nasdaq: GOOG) in the tank, bullish Piper Jaffray analyst Gene Munster is pleading his case again to buy the stock. The main issue driving the downside in Google’s…