Ingram Micro (NYSE: IM) is trading down about 7% pre-market after the company warned about its results ahead. The technology product distribution company noted that soft economies globally are going to keep it from…
UBS AG is back in the barrel this morning. Investors have more concerns about write-downs, adding pressure to the stock today. It looks like shares were even halted. They opened down 10% in overseas…
Strong earnings out of Goldman Sachs (GS) would probably reverse the market’s perception that all is lost and prove the best companies on Wall St. can handle the pressure of the credit crisis. Goldman…
AIG (AIG) shares are off 40% in pre-open, to $2.85.
Perhaps it is just a bad week for news and it is not going to get better. Dell (DELL) said it is seeing further softening in global end-user demand in the current quarter. Douglas…
Oil has hit a point where many analysts believe that it could move below $90 and stay there. If this were to happen, the boon to the economy should be considerable. Lower oil prices…
The Fed may still be concerned about inflation given that the UK said consumer prices there had a core increase of 4.7%. Even with that news, the oil and commodities elements of rising costs…
According to Reuters, the markets will now turn their attention to AIG (AIG) which is struggling to survive. Reuters report that the Fed will probably hold interest rates steady and signal a cut for…
Stocks in Asia sold off sharply. The Nikkei fell 5% to 11,610. Mizuho Financial Group was down almost 10%. Canon and Toyota (TM) both sold off. The Hang Seng was down 5.4% to 18,305.…
AIG (AIG) managed to lose 60% of its market value today. At one point the stock was off 70%. A partial rescue came in the form of permission from New York State for the…
The collapse of the stock market, particularly shares in large financial companies, will have immediate effects on small businesses. Now that it is clear the the government will not help large brokers and banks,…
With Google (GOOG) holding a 70% share of the PC-based online search market in the US and a similar amount in most EU countries, the best hope that Yahoo! (YHOO) and Microsoft (MSFT) have…
Today wasn’t just a bad day for financial stocks and for the markets in general. It may have been a real game changer. But interestingly enough, there is now roughly a 32% chance that…
After a savage day in which one Wall St. firm closed and another was sold, perhaps there might have been an evening’s respite. Lehman (LEH) has more than 25,000 employees, 20,000 of which could…
At one point Merrill Lynch (MER) was up to $22.68 because of Bank of America’s (BAC) buyout offer of $50 billion. Merrill closed at $17.05 on Friday. Wall St. is now so afraid for…
Lehman (LEH) is bankrupt. Its stock plunged to $.15 from $67.73. AIG (AIG) fears that it will be the next to fail. It drops to $3.50 from a 52-week high of $70.13. Axcelis Technologies’…
This week seems to be unprecedented for the financial powerhouses and bulge bracket brokerage firms. While Merrill Lynch had to throw in the towel and become a Bank of America subsidiary, Lehman Brothers is…
Covering financial stocks on a day like today is sort of like watching the Chinese ping pong championship. It’s all action, happens faster than most can see, and no one really knows who the…
AIG (AIG) plans to sell its auto insurance unit, annuity operations, and aircraft leasing division. It sounds a lot like Lehman’s (LEH) plan to spin-off its commercial real estate pool and sell a majority…
We won’t bother telling you the news today that caused the market tank before the open. The brokerage failure of Lehman and the buyout of Merrill Lynch causing Bank of America stock to drop…