Almost every man, woman, and child in America knows that Yahoo! (YHOO) is going to have to cut costs. There has been evidence for sometime that internet display advertising, which has been growing at…
The Wall Street Journal reports that Circuit City (CC) is finally addressing just how desperate its situation is. The company is reportedly considering a plan to close 150 stores and slash jobs in an…
China’s big stock index, the Shanghai Composite, has fallen from a 52-week high of over 6,000 to 1,974. Idiot math would say that is equivalent to the DJIA trading at 4,600. That may be…
According to Reuters, a number of retailers are cutting back holiday hiring as they anticipate lower sales. Reuters reports that GM’s (GM) interest in Chrysler’s cash is helping move a merger forward. Reuters reports…
Markets in Asia were sharply higher. The Nikkei rose 3.6% to 9,006. The Hang Seng was up 5.7% to 15,385. The Shanghai Composite was up 2.3% to 1,974. In Europe, the FTSE opened up…
Founded during The Great Depression, the UAW is now more than seventy years old. Henry Ford once supposedly said that the union would organize Ford (F) workers over his dead body. Ford is gone…
Analysts often as about "earnings quality". How accurate are quarterly numbers? Are they being "managed" to make a company’s fortunes appear better than they actually are? The question has come up in relationship to…
SEC Chairman Christopher Cox may go down in history as the worst person to ever run his agency. He has been flat-footed and tardy on almost every critical action that the SEC could have…
No matter how badly the economy is doing and what shareholders in American financial firms have lost, it would be a shame to see investment bankers go without their bonuses. According to The London…
Most corporations have bylaws about how many board members they must have. The federal government requires that boards of directors keep enough outside members to maintain independent audit and compensation committees. Ford (F) may…
The recent turmoil in the credit markets has created problems for issues of the highest quality debt all the way down to the junkiest of junk bonds which trade at ratings under "BBB" or…
A year ago, it would have been hard to find people who would believe that Sirius XM (SIRI) or Charter Communications (CHTR) would trade below $1. Sirius had a 52-week high of $3.92. Its…
The New York Times has a new writer, at least for a day. Warren Buffett has written an op-ed piece for the paper titled "Buy American. I Am." to shore up some hope for…
The problems are mounting for Rite Aid Corporation (NYSE: RAD). Yesterday, the drug store operator received a non-compliance letter from the NYSE over its shares trading under $1.00 for the last 30-day period. The…
According to The Wall Street Journal, "Home construction took its third tumble in a row during September, falling to the lowest level in 17 years, and a sign points to further decline in the…
Baidu.com, Inc. (NASDAQ: BIDU) is seeing a rather large surge in its shares this morning. The frequently analogized "Chinese Google" has no news of its own. But the real Google Inc. (NASDAQ: GOOG) is…
These are ten of the top Wall Street analyst upgrades we are seeing from this Friday morning with more than two hours to the open: Borg Warner (BWA) Raised to Buy at Goldman Sachs.…
Believe what you will. Reports from Valleywag say that stories appeared in Fortune and at Google News saying that consultants from Bain, which is helping Yahoo! (YHOO) look at its business, have suggested that…
Toyota is not supposed to have to give out any incentives to sell its cars. They perform better than other vehicles in customer satisfaction tests. They get good gas mileage. Toyota virtually invented the…
Bank earnings were hit hard this week. Even if the results at Citigroup (C), Merrill Lynch (MER), and JP Morgan (JPM) did not drive the credit system into insolvency, each company had forecasts which…