The Swiss pride themselves in being calm, reserved people. Unlike the Spanish, English, Germans, and French, they have never given the world much trouble. The trouble, it appears, has been visited upon the Swiss,…
According to Reuters, Swiss banks are getting large amounts of capital to fight the global credit crisis. Reuters reports that AIG (AIG) is lobbying to loosen government oversight rules. Reuters reports that Bernanke said…
Markets in Asia fell sharply. The Nikkei fell 11% to 8,658. The Hang Seng fell 7.6% to 14,786. The Shanghai Composite moved down by 3.8% to 1,919. In Europe, the FTSE opened down 2.5%…
It is as if the Paulson bank bailout and Monday’s 11% run up in the market never happened. The S&P closed today at 907.84, which is within three points of where it closed last…
eBay (EBAY) was dead before it got started. The stock fell 13.6% during the regular session and came with a penny of its 52-week low at $15.01. Investors kept up their pessimism after hours,…
Jones Apparel (JNY) Profit warning. Drops to $9.26 from 52-week high of $23.08. Liz Claiborne (LIZ) Pulled down by JNY news. Falls to $9.75 from 52-week high of $31.93. Weyerhaeuser (WY) Tried to raise…
Sumner Redstone is one of the CEO’s we voted as one of Wall Street’s most entrenched CEO’s in the past. It isn’t that he is so well respected or loved, but it is because…
eBay (NASDAQ: EBAY) is set to release earnings after the close today. It is still hard getting used to this without Meg Whitman conducting the conference call, but that is just the way of…
Sirius XM (SIRI) CEO Mel Karmazin say he can get his long-term debt refinanced. According to Reuters, "Sirius XM faces some $1.1 billion in debt in 2009. Of that, about $300 million comes due…
AMR Corporation (NYSE: AMR) has posted a net profit of $45 million for the third quarter, which generated earnings at $0.17 EPS. Be advised that this gain does include sale gains and other items. …
Good deeds should be their own rewards, but in the stock market that it not entirely true. Good earnings, especially in a harsh world, are supposed to yield shareholders something. In the perverse climate…
Linear Technology Corporation (NASDAQ: LLTC) may be causing more damage to chips and technology component stocks than anything else this morning. The maker of high-performance linear integrated circuits showed that revenue increased 1% to…
Back in May, EnCana Corporation (NYSE:ECA) announced that it would split the company in two. One part would take the company’s oil sands properties and the other would retain the natural gas business. The…
Alpha Natural Resources (NYSE:ANR) has sold its majority interest in lime manufacturing plant in Kentucky and 17.6 million tons of coal that still needs to be mined. The after-tax gain from the sale of…
The Charles Schwab Corporation (NASDAQ: SCHW) posted a 4% earnings drop down to $0.26 EPS, which is after a $0.04 item for previously disclosed charges. Revenues fell 3% from Q3-2007 down to $1.251 billion,…
Wells Fargo & Company (NYSE: WFC) is following Jamie Dimon’s lead this morning with better results than other banks. The only "AAA" rated bank posted $0.49 EPS vs. $0.41 estimates. Revenues were $10.38 billion…
Even if people are feeling poor or are poor, they can still buy a soft drink. Coca-Cola (KO) proved that today with strong earnings. It is extremely good news for companies which sell extremely…
JPMorgan has come out with some changes in its technology and imaging sector today. The firm wants to be defensive right now with steady revenue streams and steady margins. It is cautious on PC…
JPMorgan Chase (NYSE: JPM) has just released earnings and Jamie Dimon is showing he is a better manager even than the most positive reviews have given him over the years. The banking giant made…
Now that the government has done its best to address the credit and banking crisis by putting $700 billion into the American financial system, the economy faces what is likely to be a very…