After the close of trading on Friday, we’ll get to see earnings out of Wall Street’s favorite idol as Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) reports earnings. The first thing…
Rhino Resources, Inc. (NYSE: RNO) is supposed to price its IPO this evening for Friday trading, or at least that is what we had on our IPO calendar at the start of the week. …
No wonder Dell (DELL) and Hewlett-Packard (HPQ) wish they had higher market shares in China. While sales are slowing in the US, big China-based PC firm Lenovo says its revenue and earnings are moving…
In an announcement that shows how remarkable flawed the marketing and risk management at Citigroup (C) have been, the bank agreed to buy-back $7.5 billion in auction rate securities. It will also pay fines…
There’s no good news coming from Western Refining (NYSE:WNR) today. The company reported second quarter earnings of $8.2 million (EPS of $0.12) versus $155 million and EPS of $2.29 for the same period a…
This morning there was interesting note out of The Blackstone Group (NYSE: BX), although some efforts have already been made down this road. The company has formed a new business group to focus on…
Senomyx Inc. (NASDAQ: SNMX) has just filed for a possible secondary offering or capital raise of up to $50 million. It has filed an open shelf that will allow the company to sell common…
New management over at Vonage Holdings Corp. (NYSE: VG) is going to have its hands full. The independent VoIP telephony leader did post a narrower loss on expense management. Its $7 million loss came…
The Labor Department just posted a pretty ugly jobs number. Normally we do not pay quite as much attention to the weekly numbers, but they are getting worse and worse. This last week’s report…
Illumina Inc. (NASDAQ: ILMN) has priced its proposed secondary offering of 3.5 million shares at $87.50 per share. This will result in net proceeds of roughly $297.9 million. The sole manager of the offering…
The big theory after Wal-Mart (WMT) announced its June same-store sales was that the company was recession-proof. People were going from higher-priced retailers to Wal-Mart to save money because the economy was forcing them…
Sirius (SIRI) second quarter earnings demonstrated once again that, even after a merger with XM the new entity is not a viable business. The company’s gross subscriber additions were 1,029,287, barely above the 1,002,145…
These are not all of the analyst upgrades or positive calls we are seeing, but these are the stand out calls early this Thursday morning: Boston Private Financial (BPFH) Raised to Overweight at JPMorgan.…
These are not all of the downgrades or negative calls we are seeing, but these are the stand out calls early this Thursday morning: AIG (AIG) Cut to Market Perform at FBR. Anaren (ANEN)…
The IMF and NYU economist Nouriel Roubini can say "I told you so." Both put estimates for mortgage write-downs at over $1 trillion. Banks executives are hoping the number is half of that. The…
McDonald’s (MCD) is caught between the rising prices of commodities and the need to keep the cost of its food and drinks low. So, the company has decided it may raise what it charges…
Since Richard Wagoner became CEO of General Motors (GM), the stock has gone from the $60 per share range down to its current price of $10.25. But not to worry: the company’s lead outside…
AIG (AIG) has made the assumption that other firms like Merrill Lynch (MER) and Citigroup (C) did. Changing CEOs will somehow alter the course of a systemic problem which curses the financial industry.The mortgage-related…
Shares of Under Armour (UA) closed on Wednesday at $32.92, 55% off the 52-week high of $73.40. And yet, according to an interesting company profile in today’s New York Times, "There are two kinds…
According to Reuters, Freddie Mac (FRE) now has a negative net worth which means some investors think it should trade close to zero. Reuters writes that AIG (AIG) posted a huge loss of over…