Pre-open earnings came out today for Chevron (NYSE:CVX), El Dorado Gold (NYSE:EGO), Equitable Resources, (NYSE:EQT), and Tidewater (NYSE:TDW). Two play in the oil and gas patch, one is an oilfield services company, and one…
CardioNet, Inc. (NASDAQ: BEAT) is holding up rather well considering the discount pricing of a secondary offering. The company sold 5 million shares at a price of $26.50 per share. All shares were being…
This morning’s share price reaction seen in Biogen-Idec Inc. (NASDAQ: BIIB) and Elan Corp. plc (NYSE: ELN) is severe. We do not want to try to sound as though this TYSABRI news is something…
The employment data for June was far from good, but also was not as bad as many estimates. You can gleam some good news if you want but the "less bad" stance sure seems…
Sun Microsystems (JAVA) announced a $1 billion share buy-back. It was not much of a beard to put on its particularly poor earnings.
These are some of the key downgrades or negative calls we are seeing from analysts this Friday morning with more than two hours to the open: First Mercury (FMR) Cut to Neutral at JPMorgan.…
These are not all of the analyst calls by far, but these are some ofthe calls that appear as impact calls this Friday morning witth morethan two-hours to the open: Barrick Gold (ABX) Raised…
GM posted a massive net loss was $15.5 billion or $27.33 per share for the second quarter, including these charges and special items, compared with net income from continuing operations of $784 million or…
Mathematics and statistics were almost certainly created to support spurious thinking, although the school systems later developed other uses for them. The headlines across the business media belted out in town crier fashion that…
There has been plenty of forecasting and anecdotal evidence that US money center banks will have more write-downs in coming quarters. Most of this data is deductive. The IMF has said the mortgage write-downs…
The plague of falling US vehicle sales is reaching the earnings of big car companies abroad. BMW "reported second-quarter earnings that trailed analysts’ estimates and abandoned its profit forecast on falling U.S. sales, the…
Wal-Mart (WMT) defenders of the faith of "every day low pricing" is warning its management and supervisors that if Democrats win the election in the Fall, it will be easier for workers at the…
Former Bear Stearns CEO Alan Schwartz is leaving JPMorgan Chase (JPM) following the $10-per share deal that ended Bear’s 85 years as a stand-alone company. Schwartz joined in 1976, and climbed the corporate ladder,…
Altria Group Inc. (MO) spooked shareholders today when it said cigarette shipments this year may plunge as much as 3.5 percent. The stock fell to a three-month low as investors wondered whether the Marlboro…
According to Reuters, GM (GM) is expected to post a huge loss. Reuters reports that oil company profits rose, but Exxon (XOM) missed its numbers. Reuters reported that stressed banks borrowed a record amount…
Markets in Asia were mostly lower. The Nikkei fell 2.1% to 13,095. Bridgestone fell 3.7% to 1289. Casio fell 3.7% to 1289. The Hang Seng dropped 1.5% to 22,398. China Mobile (CHL) was down…
Today before the close of the market, former Fed-Head Alan Greenspan participated in an interview on CNBC with Maria Bartoromo. The good news is that he’s no longer hard to understand at all. The…
lululemon athletica (NASDAQ: LULU) has just come out and filed to sell up to more than 20.9 million shares in a secondary offering. The company says that it may issue these upon the redemption,…
Deluxe Corporation (DLX) Drops 2008 outlook and pays the price. Falls to $14 from 52-week high of $40.86. United Microelectronics (UMC) Fails with weak results and analyst upgrade. Sells off to $2.53 from 52-week…
Just when you think that the newspaper business could not get any more depressing along comes a report that Advance Publications Inc. will sell the Newark Star-Ledger, New Jersey’s biggest circulation paper, unless 26…