Canadian miner Teck Cominco (NYSE:TCK) is changing its name to Teck Resources, and the company intends to build its brand just on the name Teck. The new name takes effect legally in April 2009.…
Citigroup Inc. (NYSE: C) has finally issued a statement on the interruption of its Wachovia Corp. (NYSE: WB) buyout. Citi is saying that Wachovia’s agreement to a transaction with Wells Fargo (NYSE: WFC) is…
Vikram Pandit has been the CEO of Citigroup (C) for ten months. The only thing he has done right is collect $216 million in compensation. Much of that was for the sale of his…
The economic data has been coming out poorly all week. But the last report for the week came in line to slightly higher than expectations and is showing that maybe not everything went to…
General Growth Properties Inc. (NYSE: GGP) is getting a lift this morning on what many would consider bad news. The REIT has replaced its chief financial officer and suspended its dividend, a day after…
Another one of 24/7 Wall St. CEO’s that need to go has come to fruition. This morning Finish Line (NASDAQ: FINL) announced a management succession plan to replace co-founder Alan H. Cohen. Unfortunately for…
Today’s jobs numbers are taking the U.S. deeper and deeper into recession. Technically, the U.S. economic data is not showing a recession, but ask anyone on Main Street or Wall Street about the state…
These are some of the top upgrades from Wall Street analysts we are seeing this Friday morning with about two hours to the open. Burlington Northern (BNI) Raised to Overweight at JPMorgan. Compass Minerals…
These are the top analyst downgrade calls we are seeing this Friday morning with two hours to the open: Adobe Systems (ADBE) Cut to Sell at UBS. Agrium (AGU) Cut to Hold at Canaccord.…
Wachovia Corp. (NYSE: WB) is now in play as Wells Fargo (NYSE: WFC) has come out with an alternative merger deal in a stock for stock merger offer for all of Wachovia including all…
Ronald McDonald has just had a big meal and is picking his teeth.The stock market is telling him that McDonald’s (MCD) won’t be hurt by the recession. At $62, the shares of the largest…
The cost of a barrel of crude has fallen from $147 this summer to $95. On the abacus that is a drop of 36%. Gas is not down nearly that much and still sells…
According to Reuters, the House will vote on the bailout bill today. Reuters reports that JP Morgan (JPM) will not keep the CEO of WaMu. Reuters reports that John Thain of Merrill Lynch (MER)…
Markets in Asia were sharply lower and Shanghai was closed. The Nikkei fell 1.9% to 10,938. According to Reuters, Toyota (TM) hit a three-year low and Nissan hit a seven-year low. Kyocera was off…
Updated: 31 October 2008 Not all companies and industries will be hit equally hard by the consumer credit crisis. Operations such as Procter & Gamble (PG), McDonald’s (MCD), and Wal-Mart (WMT) may be safe.…
Yahoo! Inc. (NASDAQ: YHOO) is probably wishing it could go back in time and take that $30+ buyout from Microsoft. Shares closed today at $15.58. That is a 52-week low and a 5-year low.…
Freescale announced that it is exploring strategic options for its cellular handset business and intends to complete a sale, joint venture agreement or other transaction in the coming months. Former corporate parent Motorola (NYSE:…
General Growth Properties (GGP) S&P cuts ratings on growth concerns. Falls to $7.25 from 52-week high of $57.84. Mosaic (MOS) Fiscal quarter earnings miss mark. Drops to $39.50 from 52-week high of $163.25. Potash…
Petroleo Brasileiro (NYSE: PBR), or Petrobras, is down an astonishing 13% to $37.77 today in mid-day trading. It has also almost traded an entire day’s volume. Falling oil prices, economic softness, the migration away…
A number of people are trying to convince IBM (IBM) shareholders that the company may miss its quarterly numbers. Not likely. IBM stock was almost $121 on Friday. It trades at $104 today.