Many Americans have taken the $168 billion in government largesse that the government granted them to spend on stimulating the economy on stimulating themselves. According to The New York Times of all places, a…
Merrill Lynch CEO John Thain’s decision to sell billions of dollars in bad mortgages at fire sale prices attracted the scorn of Wall Street, which saw it as an ill-time move and a departure…
According to Reuters, large Yahoo! (YHOO) holder Capital Research want to know whether vote counts from the company’s annula meeting were accurate. Reuters writes that the Fed is seen as holding rates steady. Reuters…
Markets in Asia were lower. The Nikkei fell .1% to 12,915. Hitachi rose 2.6% to 822. Nippon Oil rose 2.6% to 630. The Hang Seng fell 3.% to 21,832. China Mobile (CHL) was down…
Cisco Systems Inc. (NASDAQ: CSCO) reports after the close on Tuesday and you can count on technology investors and traders alike to pay attention to the comments of CEO John Chambers more than they…
We just saw a report out of Alnylam Pharmaceuticals Inc. (NASDAQ: ALNY) that may get traders moving on both sides of the stock. The company has just announced that management will not be presenting…
Mel Karmazin, CEO of Sirius Satellite Radio Inc. (NASDAQ: SIRI), has added to his position of company stock. In a show of force to show that he doesn’t want further share erosion or that…
Bankrate Inc. (NASDAQ: RATE) has just posted non-GAAP EPS of $0.33 on a 70% gain in revenues to $40.2 million. First Call estimates were $0.33 EPS on $40.22 million. The trick to judging this…
Western Refining (WNR) Snag at one of the company’s units and falling oil prices gang up. Drops to $6.47 from 52-week high of $58.95. KBR (KBR) Rough earnings numbers. Down to $22.94 from 52-week…
In the event that investors do not understand that banks are in trouble and that the global economy faces a deep recession, Alan Greenspan has written it all out. The former Fed boss is…
Lehman (LEH) may have to raise several billion dollars. With its market cap below $13 billion, that could be painful for current holders of its common shares. According to Reuters, "Lehman Brothers Holdings Inc…
M/I Homes, Inc. (NYSE: MHO) has just filed for a mixed shelf registration statement with the SEC that will give it the right to sell up to $250 million in securities. The company can…
Does it seem odd that oil prices have continued to fall despite a fairly rapid tropical storm in the Gulf of Mexico developed over the weekend, while a Valero plant had a minimal outage…
We have yet to see public homebuilders file for Chapter 11 bankruptcy protection. WCI Communities Inc. (NYSE: WCI) is the first of the former large homebuilders to file for bankruptcy protection. The homebuilder has…
Carl Icahn and friends at ImClone Systems Incorporated (NASDAQ: IMCL) have now formally responded to Bristol-Myers Squibb Company (NYSE: BMY) regarding the cash buyout of the company. The company’s board of directors has formed…
Today’s inflation and employment numbers had the putrid scent of the recent past on them along with a whiff of a decaying future. Prices rose .8%, which takes the economy back to inflation rates…
This week will mark another somewhat unusual mark for IPO’s as a technology and communications player with an established name is set to come public. Rackspace Hosting, Inc. (NYSE: RAX) is coming public at…
These are some of the key analyst upgrades and positive calls we have seen early this Monday morning with over 2 hours to open: Akamai Tech (AKAM) Raised to Buy at Jefferies. Amgen (AMGN)…
These are some of the key analyst downgrades and negative analyst calls we have seen early this Monday morning with over 2 hours to open: Biogen Idec (BIIB) Cut to Sell at Banc of…
Intel (INTC) is about to hit the market with a new set of graphics chips and they are aimed directly at the hearts of Nvidia (NVDA) and AMD (AMD) which both count of the…