The Wall Street Journal reports that Wal-Mart (WMT) is "hitting its Chinese suppliers with a slate of stringent environmental and safety mandates, just as the manufacturers face rising costs and dwindling demand for their…
According to Reuters, disappointing earnings pushed Wall St. down. Reuters reports that Yahoo! (YHOO) profits dropped and the company will cut jobs. Reuters writes that Kirk Kerkorian sold part of his Ford (F) shares…
Markets in Asia were sharply lower. The Nikkei fell 6.9% to 8,675. Sony Corp (SNE) and Mitsubishi UFJ Financial dropped. The Hang Seng fell 6.3% to 14,093. The Shanghai Composite fell 3.2% to 1,897.…
Broadcom Corp. (NASDAQ: BRCM) has managed to do something that other chip outfits have not been able to manage this quarter by actually beating estimates. Non-GAAP EPS was $0.54 and revenues were $1.298 billion,…
The market did not expect much from Apple’s (AAPL) earnings. The shares closed the regular session off 7% to $91.49. It got even worse. After hours, the stock was off again by as much…
The market took Yahoo! shares down 6% in the regular session ahead of earnings. For the third quarter, analysts expected Yahoo to post earnings of $.88 on $1.37 billion in net revenue, according to…
Yahoo Inc. (NASDAQ: YHOO) is set to report earnings after the close. First Call has its Q3-2008 estimates at $0.09 EPS and $1.37 billion in revenue. While earnings would seem to be the main…
Goldman Sachs repeated its opinion that Citigroup (C) is a "sell" and probably would not make a cent until late in 2009. Goldman claims that credit markets are too tough for Citi to make…
By John Tamny RealClearMarkets Writing about former Fed Chairman Arthur Burns in his 1998 book, Nixon’s Economy, economic historian Allen Matusow noted that Burns "had no fixed monetary principle of his own, except a…
Sun Microsystems Inc. (NASDAQ: JAVA) just cannot seem to get things right and that is more than evident in its shares this morning. Last night, the company warned of lower than expected earnings. Unfortunately,…
Billionaire, or at least still multimillionaire, Kirk Kerkorian sold a large piece of his stake in Ford (F). The transaction amounted to 7.3 million shares at $2.43 each. The is only a tiny part…
Those hoping for any magic recovery at Fifth Third Bancorp (NASDAQ: FITB) are going to have to wait a little longer. The troubled regional bank is trading lower Tuesday eventhough everyone should have been…
This morning there have been earnings reports from key industrial and defense stocks from the likes of 3M Co. (NYSE: MMM), Caterpillar Inc. (NYSE: CAT), and Lockheed Martin Corporation (NYSE: LMT). These have all…
These are some of the top upgrades and positive calls we are seeing this Tuesday morning on Wall Street: AuthenTec (AUTH) Started At Buy at Stanford Group. CBRL Group (CBRL) Raised to Outperform at…
These are some of the top pre-market analyst downgrades and negative calls we are seeing from Wall Street this Tuesday morning: CNOOC (CEO) Cut to Hold at Deutsche bank. Excelon (EXC) Cut to Hold…
Once all of the one-time charges were washed out of the numbers, Pfizer recorded adjusted income of $4.2 billion, an increase of 5% compared with $4.0 billion in the year-ago quarter, and EPS of $.62,…
GM (GM) may not be able to come up for the money to marry Chrysler. The deal could involve firing 60,000 people and paying their severance. The process of putting the two companies together…
Apple (AAPL) is not the best stock. Google (GOOG) is. Or, maybe it is a tie. Apple will release its earnings into the jaws of one of the great economic slowdowns in memory and…
To hear some economists talk, the consumer does not have a dime and Christmas will not come this year. No one has cash for anything beyond gas, heating oil, mortgage payments and a loaf…
A cabinet secretary is a person who has taken a job which they believe is the crowning honor of their career until they realize that they cannot do it and will never be what…