After today’s close, we’ll get to see earnings out of conglomerate, insurance giant, and recent bailout investor Berkshire Hathaway Inc. (NYSE: BRK-A) NYSE: BRK-B). Warren Buffett and friends do not get many analysts covering…
E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) has announced its intent to participate in the Treasury’s TARP bailout funding program. The online brokerage firm confirmed that it filed an application to receive $800 million of funding.
GM (GM) released earnings and, in the process, the company made it clear that it may not make it to the middle of next year without help. "Even if GM implements the planned operating…
Trading in GM’s (GM) shares was halted just before earnings came out. They may want to keep trading on hold for a year or two and keep the stock from going to zero. The…
From Goldman Sachs (GS) by way of MarketWatch: "The unemployment rate is expected to rise to 8.5% by the end of next year and inch even higher in early 2010, economists for Goldman Sachs…
The rallying cry for magazine and newspaper executives is "Cut print costs, rely on the web." It makes all the sense in the world. Printing, paper, postage, and other transportation costs keep rising. Print…
BP plc (NYSE:BP) shares are up about 2.5% pre-open today on rumors that the British petroleum giant is considering making an offer for Chesapeake Energy (NYSE:CHK). Chesapeake is the largest natural gas producer in…
Goldman Sachs Group (NYSE: GS) had been the one spot in the brokerage sector which was immune from the credit crunch and nearly immune from the mortgage mess. In fact, the company made a…
Frontier Oil (NYSE:FTO) released its third quarter earnings yesterday, and the news was not good. EPS was $0.70, down from $1.28 a year ago, and below analysts’ estimates of $0.73. Revenues rose to $2.2…
About two and a half years ago when crude oil prices were heading up at a pace never before seen, the Saudi Arabian oil minister claimed that there was plenty of oil, but not…
If you were looking for great news on the jobs report this morning, you probably believed the guy telling that "NOT JOKE" in the Borat movie. Unemployment came in at a monstrous 6.5%…
These are some of the top analyst upgrades we have seen this Friday morning: Abercrombie & Fitch (ANF) Raised to Hold at Jefferies. Bristol-Myers Squibb (BMY) Started as Buy at Goldman Sachs. Career Education…
These are some of the top analyst downgrades we have seen this Friday morning: Americredit (ACF) Raised to Market Perform at FBR. Cliff’s Natural resources (CLF) Cut to Market Perform at FBR. CV Therapeutics…
Sprint (S) had another dismal quarter. Revenue fell 12% to $8.8 billion. Its net loss was $326 million compared with a $64 million profit. The company served 50.5 million customers at the end of…
Ford (F) had one piece of good news. It is still cutting costs. It is on track to cut annual expenses by $5 billion compared with 2005. For obvious reasons, the company’s earnings highlighted…
Motorola (MOT) is a first class example of what Ivy League business school professors do not want their students to know. It might frighten the horses. At some companies, there is no bottom. Every…
There have been some minority reports from pessimists like NYU economist Nouriel Roubini which say that China’s economy may be faltering as badly, if not worse, than America’s. No one believes that because it…
GM (GM), Ford (F), and Chrysler managements are shuttling in and out of Washington trying to get both the people leaving and the people coming in to lend them $30 billion or $40 billion.…
It may have occurred to Microsoft (MSFT) that Yahoo! (YHOO) is so badly wounded by its own poor management that a buyout of the portal company would be more trouble than it is worth.…
One of the recurring themes found in the history of the airline industry is the ability of carriers to go into Chapter 11 often emerging with little debt and fewer employees. Aloha Air, ATA,…