Royal Dutch Shell plc (NYSE: RDS-B) and Iogen Corporation announced Tuesday an extended commercial alliance that will accelerate their development and deployment of cellulosic ethanol. This includes a significant investment by Shell in technology…
Even though the market expects poor results from newpaper companies, the actual results can come as a shock. Gannett (GCI) is off over 5% to a 52-week low of $15.93 on poor numbers. GCI…
AMR Corporation (NYSE: AMR), American Airlines’ parent, reported a Q2 net loss of $1.4 Billion or -$5.77 EPS. Results include special charges of $1.1 billion non-cash accounting charges to write down the value of…
The Labor Department said that the Consumer Price Index rose 1.1% last month. Energy alone was up 6.6%. Both figures were higher than what Wall St. expected. Inflation is here to stay. Energy and…
Research-In-Motion Ltd. (NASDAQ: RIMM) is seeing shares trade lower this morning in pre-market trading. The Blackberry Smartphone maker saw its shares downgraded this morning as shares were cut to "Underperform" from Hold at Needham. …
ImClone Systems Incorporated (NASDAQ: IMCL) has just announced that ERBITUX(R) has received marketing authorization in Japan for use in treating patients with advanced or metastatic colorectal cancer (mCRC). This approval will allow the use…
Delta Air Lines (NYSE: DAL) is in an odd spot this morning. The company beat earnings and claims a gain before extraordinary items, yet it still had a wide loss on a net income…
These aren’t all of the downgrades or negative analyst calls we have seen this Wednesday, but these are some of the impact analyst calls we are seeing: ADC Telecommunications (NASDAQ: ADCT) Cut to Neutral…
These aren’t all of the upgrades or positive analyst calls we have seen this Wednesday, but these are some of the impact analyst calls we are seeing: BorgWarner (NYSE: BWA) Raised to Outperform from…
Sony (SNE) will add the ability to download and play movies as the latest service for its PS3 video console product. Several companies like Amazon (AMZN) and Apple (AAPL) began offering similar services some…
Toyota (TM) has finally succumbed to the same reality that the rest of the car industry has. It will cut its global sales forecasts by nearly 4% for 2008. Most of that is certainly…
GM (GM) cut its dividend to zero. It is a nifty way to save a lot of money and, once a company’s shares have fallen by a huge amount, investors almost expect it. Several…
Newly-minted legend says that short-selling put Bear Stearns out of business and has swamped the stock prices of Lehman (LEH), Fannie Mae (FNM), and Freddie Mac (FRE). To keep evil from further invading the…
In the world of global anti-trust, Intel (INTC) has become the Microsoft (MSFT) of the early 21st century. It is being chased around the desk by authorities in places are far flung as South…
Intel (NASDAQ:INTC) may have had a roaring quarter. Wall St. did not give it back much. The stock barely moved after hours. That is extraordinary given that Intel profits were up 25% from the…
According to Reuters, talks between Time Warner’s (TWX) AOL and Yahoo! (YHOO) and Microsoft (MSFT) are heating up. Reuters reports that GM (GM) is confident that it can compete even after making large cuts.…
Markets in Asia were mixed. The Nikkei rose .1% to 12,761. Dentsu rose 2.3% to 220000. Japan Tobacco rose 2.6% to 428000. The Hang Seng rose .5% to 21,277. China Mobile (CHL) rose 2.3%…
Seagate Technology (NYSE: STX) is seeing some pain after the storage device and disk drive maker said results were going to fall short of current Street estimates. The company said income fell 70% to…
Altera Corp. (NASDAQ: ALTR) reported earnings of $0.32 EPS on a 7.1% revenue gain to $359.9 million. First Call consensus estimates were $0.27 and $346.7 million. It also issued upside guidance for Q3 with…
Intel Corp. (NASDAQ: INTC) has reported its earnings. The chip and processor giant posted $0.28 EPS and $9.5 Billion in revenues. Gross margin was 55.4%. First Call estimates were $0.25 EPS on $9.32 Billion…