It’s no secret the oil refining margins have been dropping like a rock for the past few quarters. When pump prices began to approach a US-wide average of about $4/gallon, US drivers started changing…
Shares of Briggs & Stratton Corp. (NYSE: BGG) are trading down about 10% pre-market this morning after the company said that high materials costs and slower sales were affecting its financial performance. This company…
This morning is going to be a disappointment for some who were hoping that inflation was going to be much less hot than estimates. The July number for annualized CPI showed +5.6% inflation, which…
These are some of the top analyst upgrades and positive calls we are seeing in trading early this Thursday morning: Biofuel Energy (BIOF) Raised to Hold at Citigroup. CSX Corp. (CSX) Raised to Buy…
These are some of the top analyst downgrades or negative calls we are seeing this morning, and you’ll notice that brokerage firm stocks are again the targets of many downgrades: Citigroup (C) Cut To…
Power Medical Interventions (PMII) CEO Micheal Whitman is being paid an extraordinary base salary of $385,000 this year, according to the company proxy. In the meantime, his company is posting remarkably poor numbers. Initial…
Wal-Mart refuses to play ball with the recession. Its July same-store sales were not tremendous, its most recent quarter was, under the circumstances, spectacular. The figures were for the period ending July 31. Income…
Americans drove 12.2 billion miles less in June than they did in the same month a year ago. That is a drop of almost 5%. The fall-off in activity is likely to help gas…
Alan Greenspan was over at The Wall Street Journal playing his wise old man act. He is ancient, but he may also be dumb. Greenspan made the point that housing should bottom in the…
No one was surprised when German and France said their GDP growths were negative in the last quarter, by .2%, although the term "negative growth" does not seem to be proper English. With the…
In a rare sign of sanity in the executive suites of corporate America, it looks like one potential deal that had been the subject of wide speculation will not be happening The Wall Street…
Struggling upscale homebuilder Toll Brothers (TOL) saw its homebuilding revenue fall 34% for the third quarter, but CEO Robert Toll is sounding an optimistic note, telling shareholders that "Although the rate of cancellations as…
According to Reuters, Greenspan says the housing market should bottom in 2009. Reuters writes that US auto makers are scrambling to make more fuel-efficient cars. Reuters reports that the SEC is close to a…
Markets in Asia were The Nikkei fell .5% to 12,957. Canon was down 1% to 5160.Toyota (TM) dropped 1.6 to 4880. The Hang Seng slipping 1.6. Data from Reuters Douglas A. McIntyre
Thursday is going to be a key economic event day for traders who trade just about everything. You could almost consider it an Olympic boxing match titled US INFLATION VS. RECESSION" as a catch…
As the markets went back to triple-digit losses, there were many more new stocks (and repeat performers) on the 52-week low club today. Many of these look just like an explosion in a city…
Changing World Technologies Inc. filed yesterday for an initial public offering. While a share count and price range are not indicated, the filing is for up to $100 million in securities. A ticker signal…
A company called Verisk Analytics Inc. has filed to come public via an initial public offering in a securities sale of up to $750 million worth of class A common stock. The company did…
On today’s Olympic-shortened MAD MONEY break now at 1:30 PM on CNBC, Jim Cramer interviewed Eric Schmidt, Chairman & CEO of Google Inc. (NASDAQ: GOOG). Cramer said that in July it got hit over…
If you believe that the bond rating agencies either matter or still offer any relevance in the post-meltdown (or is it mid-meltdown?) world, then you can see they are at it again. Moody’s has…