It is astonishing, but even the online revenue at the newspaper operations of The New York Times Company (NYT) has stopped growing rapidly. It is almost certain that the newspaper group excluding internet revenue…
If you have had a hard time swallowing the direct plain English of the modern Federal Reserve heads, help is on the way. Former Federal Reserve Chairman Alan Greenspan is speaking to the House…
By John Tamny RealClearMarkets It’s fashionable in certain economic circles to mock the notion of trickle-down economics, the process whereby success enjoyed by the wealthy accrues to those not wealthy. As recently as August…
Jupitermedia Corp. (NASDAQ: JUPM) is seeing a massive surge pre-market, and this may help the company adequately fend off many of its issues. The company has announced that it has entered into a "definitive…
Level 3 Communications, Inc. (NASDAQ: LVLT) has just reported earnings and there is enough to challenge the bulls and bears alike. The wholesale dataline carrier posted earnings at -$0.08 EPS on a net loss…
Potash Corp. of Saskatchewan (NYSE: POT) is seeing a recovery this morning. The potash and fertilizer giant posted earnings at $3.93 EPS vs. $3.57 estimates on a 136% revenue gain. The company is also…
These are some of the top analyst upgrades we are seeing from Wall Street firms this Thursday morning with more than two hours to the open: American Eagle (AEO) Started as Outperform at Oppenheimer.…
These are some of the top analyst downgrades we are seeing from Wall Street firms this Thursday morning with more than two hours to the open: ADC Telecommunications (ADCT) Cut to Underweight from Overweight…
Dow Chemical (DOW) reported earnings today. Beyond all the numbers, segment earnings, and geographic data, there was only one important thing. "In our view, we will likely see a global recession through most of…
The media is reporting that Goldman Sachs (GS) will cut 10% of its workforce, or about 3,000 people. Since the firm has been at the summit of its industry for decades, the move says…
Amazon (AMZN) has two huge advantages as a retailer. The first is that it has no stores. The other is that it has an astonishingly large list of things it sells from TVs to…
It must have been quite a sight. The former KGB agents who run Russia sitting across from OPEC billionaires in Armani suits. The Russian still buy their suits off the rack. The cartel had…
How many people in the US have credit cards? The answer might be misleading. Some of the unusually reckless have three, four, or five cards. They use the money available from one to pay…
According to Reuters, former Citigroup (C) CEO Sandy Weill may start a fund to invest in distressed financial companies. Reuters writes that Amazon (AMZN) turned in a weak forecast hurting its stock. Reuters reports…
Markets in Asia were lower. The Nikkei fell 2.5% to 8,461, pulled down by Honda (HMC) and Mizuho Financial The Hang Seng dropped 2.3% to 13,835. The Shainghai Composite fell 1.2% to 1,873. At…
Baidu.com Inc. (NASDAQ: BIDU) has posted earnings after the close which were not very indicative of problems inside the company. In dollar-adjusted terms, the company posted and operating profit of $54.2 million and earnings…
Seagate Technology (NASDAQ: STX) has just reported earnings after the close, and the stock has gradually gone from a growth stock to a value stock. The maker of drives and storage devices posted $0.12…
Today after the close, SEC Filings have shown that Boston Scientific Corp. (NYSE: BSX) co-founders have been forced to sell more common stock to meet margin calls. Unfortunately this isn’t the first pony ride…
ADC Telecom (NASDAQ: ADCT) is trimming its fiscal revenue guidance and throwing out almost every other bit of key restructuring and financial data to offer some stability to the situation. The telecom infrastructure equipment…
Amgen Inc. (NASDAQ: AMGN) has just posted earnings. The biotech giant for anemia treatments posted $1.09 GAAP EPS and adjusted earnings of $1.23 non-GAAP EPS and $3.875 billion in revenues. First Call had estimates…