Red Hat, Inc. (NYSE: RHT), the largest seller of Linux operating systems and office suites, today reported that quarterly revenue soared 29% revenue to $164.4 million. It posted non-GAAP earnings of $0.20 per share. …
Pilgrim’s Pride (PPC) Company says it will have lay-offs. Drops to $6.06 from 52-week high of $35.98. Medicis Pharmaceutical (MRX) Firm says it will restate financials. Falls to $14 from 52-week high of $32.18.…
Oppenheimer’s star banking analyst Meredith Whitney is already keying in on Goldman Sachs Group’s (NYSE: GS) plans to raise cashs and shore-up its liquidity. She has noted that the $5 billion public stock offering…
Between the credit markets and consumer spending, GM (GM) is caught in a vise. The car company needs more money and Congress seems less inclined with each passing day to want to hand out…
SiRF Technology Holdings Inc. (NASDAQ: SIRF) has just made a mid-day mystery move on essentially no news. It seems that traders are tying it to the G1 phone launch from Google based upon an…
Daimler AG has confirmed that it is in talks with Cerberus over the possible redemption of the 19.9% stake it still has in Chrysler LLC. That would put Chrysler back entirely in US hands,…
Apparently labor costs throughout Latin America are getting too pricey, if you can believe it. Hanesbrands Inc. (NYSE: HBI) is updating its "consolidation and globalization cost-reduction strategy." While this includes increasing production in Asia,…
Fed Chairman Ben Bernanke sounded more confident today in his presentation to the Joint Economic Committee in Washington D.C. It seems as though he did not want to repeat the mistakes he made yesterday…
CONSOL Energy (NYSE:CNX) announced a dramatic change in its guidance for the third quarter. Production is expected reach just 15 million tons, well below even the low estimate of 16.4 million tons in previous…
For months we have been under the potential disaster scenario where solar tax credits were going to expire and end at the end of 2008. Despite the calls for energy independence and a move…
Level 3 Communications Inc. (NASDAQ: LVLT) has registered shares for sale by affiliates of Merrill Lynch (NYSE: MER). This relates to potential offers and sales by Merrill Lynch International of as many as 23…
Billionaire and esteemed investor Warren Buffett has made a major move. Berkshire Hathaway Inc. (NYSE: BRK-A) is investing some $5 billion in Goldman Sachs Group Inc. (NYSE: GS). His stake is in preferred stock…
These are some of the analyst upgrades and positive calls coming from Wall Street this Wednesday morning with more than two hours to the open: Alvarion (ALVR) Started as Buy at Deutsche Bank. AmBev…
These are some of the analyst downgrades and negative calls coming from Wall Street this Wednesday morning: BB&T (BBT) Cut to Underperform at FBR. Chubb (CB) Cut to Underweight at JPMorgan. DealerTrack (TRAK) Cut…
VirnetX Holding Corporation (AMEX: VHC) has filed to sell up to $30 million worth of common stock in a secondary offering. Cowen and Company, LLC is the lead placement agent and Craig-Hallum Capital Group…
The populist notion that has come out during the current Capitol Hill hearings on the Paulson plan is that part of the $700 billion rescue package should go directly to the homeowners who are…
By John Tamny, RealClearMarkets It’s in many ways a distant memory now, but on June 25, 2002 the communications firm Worldcom failed. The day is presently notable because Worldcom’s failure insured the passage of…
The FBI has started to look into the collapse of Fannie Mae (FNM), Freddie Mac (FRE), Lehman, and AIG (AIG). The agency is looking for fraud, the kind that was part of the Enron…
Goldman Sachs (GS) appears to be out of the woods of the credit crisis. It will take on the mantle of being a bank holding company. The Fed is likely to buy its toxic…
According to Reuters, Warren Buffett invested $5 billion in Goldman Sachs (GS). Reuters says that the Paulson bailout plan is being attacked in Congress. Reuters reports that Japanese banks, in trouble a decade ago,…