These are some of the top analyst downgrades we are seeing from Wall Street this Thursday morning with about two hours to the open: Ashland (ASH) Cut to Neutral at JPMorgan. Borg Warner (BWA)…
Motorola (MOT) missed a lot of its numbers for the third quarter. Much more important than that it fudged when it might dump its handset unit. The deal was supposed to happen in the…
It has only taken a week for the global auto business to rebound from one of its worst periods in decades. GM (GM) is close to a deal to buy Chrysler. The Federal Reserve…
When the stock markets around the world raced down earlier this month, there was some sense to it. The credit and liquidity troubles were real. Corporate earnings became progressively troubled. Layoffs showed clear signs…
Wall St. is a den of thieves and NY Attorney General Andrew Cuomo wants to wipe them out on his way to becoming governor like his father was before him. His latest attempt to…
If you don’t like the game, change the rules. At least that is what the nation’s banks would like to have happen. They are making the case that if accounting practices were "correct", they…
According to Reuters, investors and banks are in a struggle over whether financial companies should be able to change the way they value assets under accounting rules. Reuters writes that improvements in Asia markets…
First Solar, Inc. (NASDAQ: FSLR) has finally given its guidance from the conference call, and it looks like this and additional supply contracts will be good news for the entire solar sector and may…
Biogen Idec Inc. (NASDAQ: BIIB has notified regulatory agencies of a confirmed case of progressive multifocal leukoencephalopathy (PML) in a multiple sclerosis patient treated with TYSABRI .
THIS STORY HAS BEEN UPDATED AFTER THE COMPANY OFFERED GUIDANCE & SUPPLY PACT DATA. THE FULL STORY CAN BE SEEN HERE: First Solar Saves The Solar Power Sector (FSLR, SPWRA, STP, LDK, CSIQ, SOLR,…
CME Group Inc. (NYSE: CME) has reported earnings of $2.81 GAAP EPS on revenue of $681 million, but non-GAAP earnings were $4.13 EPS if you include NYMEX and CME merger operations. The numbers today…
Verasun Energy (VSE) Rumor that ethanol company may go Chapter 11. Drops to $.40 from 52-week high of $17.75. Williams-Sonoma (WSM) Who can afford to decorate a home? Earnings fall. Sells off to $7.26…
The ADR’s of Petroleo Brasileiro S.A. (NYSE: PBR), or Petrobras, have gotten a boost today. This is not just in conjunction with the rally seen in other oil and gas stocks from earnings. Morgan…
The FOMC decision on interest rates was due at 2:15 PM EST, and we got a rate cut decision a tad late today A cut was already expected and the only real variable was…
Did you think you would see a home builder file an open shelf registration statement to raise cash in the current market or in the state of housing and the economy today? Toll Brothers…
Canadian oil company Suncor (NYSE:SU) today reported quarterly earnings of $815 million ($0.87 EPS), compared with analysts’ estimates for EPS of $0.95. Higher prices for the company’s synfuel production contributed to the increase, which…
Now that refining margins are once again improving, integrated oil companies like Hess (NYSE:HES) are starting to get well. Today Hess reported EPS of $2.37 for the third quarter of 2008, a nickel short…
Cybex International Inc. (NASDAQ: CYBI) has another issue to worry about besides a stalling economy and weak sales of exercise equipment ahead. The Consumer Product Safety Commission released today that the company is subject…
GM (GM) shares are up 9% on rumors that all major issues needed to set up a merger with Chrysler have been worked out with Cerberus which owns a majority of the smaller car…
Apple Inc. (NASDAQ: AAPL) is doing well today on word that the company "may" do a share buyback. This comes after a Bernstein report from this morning titled "Apple: Time for a Buyback?" from…