Bank of America Corp. (NYSE: BAC) is being taken to the cleaners this morning. Shares closed down sharply yesterday at $23.77 after closing at $32.22 just the day before. Bank of America raised right…
Symantec Corporation (NASDAQ: SYMC) is catching a bid this morning, although it is still at the lower-end of its 52-week trading range following an upgrade and an acquisition.
Costco Wholesale Corp. (NASDAQ: COST) is trading down over 1% pre-market, yet the upper-end big box retailer posted some very strong numbers. The company reported earnings of $0.97 per share before $0.07 worth of…
The Emergency Economic Stabilization Act (aka, the Wall Street bailout bill) did more than provide $700 billion of taxpayer funds to jump start the economy. The legislation also included the Energy Improvement and Extension…
Wall St. expected Wal-Mart (WMT) same-store sales to be up 2.5% in September. They only rose 2.4%. It was a brilliant showing. Almost all data from retail associations said sales across the industry were…
These are some of the top pre-market analyst upgrades we are seeing this Wednesday morning: AMAG Pharmaceuticals (AMAG) Started as Overweight at JPMorgan Andersons (ANDE) Started as Outperform at Oppenheimer Bank of America (BAC)…
These are some of the top individual analyst downgrades we are seeing very early this Wednesday morning: AuthenTec (AUTH) Cut To Neutral at JPMorgan DuPont (DD) Cut to Hold at BB&T Capital Host Hotels…
After months of suffering indignities and falling sales, Citigroup cut shares in Ford (F) and GM (GM) to sell. It dropped it price target for Ford to $2.50 and GM’s to $6. According to…
Google (GOOG) may never make money on its $1.65 billion purchase of YouTube. Selling advertising next to all of that low-resolution video of people beating their dogs and dancing drunk on their dining room…
US drug companies have a habit of misleading consumers and even physicians. It is a game they have played for decades. Usually they do not get caught. When they do a great cry goes…
There has been talk of creating a central exchange and clearing mechanism for the widely unknown and illiquid Credit Default Swaps, and now that talk has materialized into an actual effort. The requirements for…
When it comes to the potential failure of the US economy and banking system, China has an especially large dog in the fight. The central government and a number of large banks own hundreds…
Physicians who spend time in emergency rooms are trained to work on the patient and separate themselves from his pain. Doctors have learned that they must diagnose and solve problems efficiently because there is…
Vikram Pandit, CEO of Citigroup (C), should be so lucky as to have Wells Fargo (WFC) steal the buyout of Wachovia (WB) from him. Citi has gone into court asking $60 billion in damages…
The UK has begun a partial nationalization of its major banks. The move may well include some of Britain’s largest financial firms such as Barclays (BCS) and HSBC (HBC). The government views it as…
According to Reuters, US markets fell to five-year lows. Reuters writes that Wells Fargo (WFC) could end up with over 75% of Wachovia;s (WB) deposits. Reuters reports that Morgan Stanley’s (MS) deal to get…
Asia markets fell with some down 7% of more The Nikkei dropped 9.4% to 9,203. Honda (HMC) fell over 10%. Nippon Steel lost 11.9 %. Mizuho Financial Group fell almost 8%. The Hang Seng…
We would be reporting the economic numbers from the government’s Department of Redundancy Department if we said it is an ugly bear market and if we told you that the IPO market was all…
Northern Technologies International Corp. (NASDAQ: NTIC) has filed a shelf offering to sell stock, warrants, and units in an amount of up to $50 million. The company has said it will sell the units…
If you care about earnings in the commodity and metals sector, Alcoa Inc. (NYSE: AA) has just missed its earnings and given cautious guidance. It posted earnings of $0.33 per share on $7.2 billion…