Famed investor Michael Price, a man who has been beating up on poorly-managed companies for decades, is short Citigroup (C) and Wachovia (WB). He reasons that the worst of the credit crisis is not…
Goldman Sachs Group Inc. (NYSE: GS) is feeling some pressure on analyst rating actions. Many traders and investors have thought that Goldman Sachs would remain immune from the entire credit crunch, immune from trading…
Icahn Enterprises LP (NYSE: IEP) is perhaps known more for its billionaire owner/founder Carl Icahn more than it is for its staff, team efforts, and even the enterprise’s name. Icahn’s investment vehicle posted a…
VeraSun Energy (NYSE:VSE) reported second quarter 2008 earnings before the market opened today. The company’s revenues soared by 499% to $1.015 billion, compared with $170 million for the same period in 2007. Net earnings…
DealerTrack (TRAK) made a sharp cut to its financial forecast for the balance of the year. The firm also said its second-quarter profit fell 51 percent to $3.06 million, or $.07 per share, in…
These are some of the key analyst downgrades or negative calls we are seeing this Tuesday morning: American Electric Power (AEP) Cut to Neutral at JPMorgan. Dover (DOV) Cut to Neutral at JPMorgan. Goldman…
These are some of the top analyst upgrades and positive calls we are seeing this Tuesday morning: Alaska Air (ALK) Raised to Overweight at JPMorgan. AMR Corp. (AMR) Raised to Overweight at JPMorgan. Apple…
Many Americans own more on their mortgages than their homes are worth. That number seems to be rising fast. Bloomberg writes that "Almost one-third of U.S. homeowners who bought in the last five years…
Now that courts have let the FTC have another bite at the Whole Foods (WFMI) merger with Wild Oats, it plans to examine the deal within an inch of its life. If the agency…
Back in January, the Supreme Court placed stringent limitations on scheme liability — the notion that investment banks and accounting firms that inadvertently helped companies commit accounting fraud could face civil liability for investor…
Reports have been increasing that the new Apple (AAPL) 3G iPhone is having trouble connecting to 3G networks and is plagued by dropped calls. Since a number of consumers waiting for the new version…
With the price of crude down from over $145 to about $115, all of the talk is that the rising price of oil has been contained by falling demand and a better dollar. Almost…
No one has really worked out how to wall-off significant risk in one division of a financial services giant from divisions which are "safe" and operating smoothly. UBS (UBS) skinned its investors alive again…
According to Reuters, JP Morgan (JPM) lost $1.5 billion in July. Reuters writes the UBS (UBS) posted a huge loss and will split itself into a wealth management operation and an investmen bank. Reuters…
Markets is Asia were narrowly mixed. The Nikkei fell 1% to 13,304. Dentsu rose 3.4% to 2200500. Honda (HMC) rose 2.8% to 4740. The Hang Seng rose .2% to 21,929. China Mobile (CHL) fell…
Shorts sellers suffered from a lack of conviction on the direction of financial stocks in the period that ended July 31. They were clear that betting against tech was no longer a good idea.…
Economists think that growth of the US GDP will continue to slow into the second half of the year and then into 2009. Their opinions are too upbeat. The monthly poll by Blue Chip…
Every month, Wall St. hopes that bank write-downs will slow or stop and every month matters seem to get worse. It looks like July will turn out to be no exception as a deteriorating…
Morgan Stanley (MS) thought it could pull a "monkey see, monkey do" act with NY State Attorney General Andrew Cuomo. The investment house offered to buy back $4.5 billion in auction-rate securities using much…
Bear Stearns was not the end of it. Institutional investors think at least one more large firm will fail, probably over the next six months. Although those surveyed did not name a company, at…