Who thought that Apple’s (AAPL) iTunes operations would screw up the launch of the 3G iPhone? Nobody. That’s who. But, it turnsout that to activate the iPhone, part of the process must be done…
From Clusterstock: The DOW dipped below 11,000 this morning for the first time in two years. Worse, the stock market has now been flat for the better part of a decade. Normally, long-term investors…
When AMD (AMD) bought graphics chip maker ATI, it thought it was getting a deal. Nothing of the sort happened. AMD ended up with over $5 billion in debt. Larger rival Intel (INTC) jumped…
Twenty-seven of the Dow components are down. And, three are playing defense in an brutal market: Coca-Cola (KO), GE (GE), and Caterpillar (CAT). Each of these is up a modest amount. With the DJIA…
Twenty-seven of the Dow components are down. And, three are playing defense in an brutal market: Coca-Cola (KO), GE (GE), and Caterpillar (CAT). Each of these is up a modest amount. With the DJIA…
The financial services sector has gone from horrible to somewhat stabilizing and back to horrible and then looking even worse. When you think of an old mantra that "Failure isn’t an option" that just…
There seemed to be more upgrades this morning than there were downgrades from Wall Street analysts. Here is a snapshot of some of our key analyst calls we saw: Adobe Systems (NASDAQ: ADBE) Started…
These are some of the downgrades or more cautious calls from Wall Street analysts this Friday morning: Applied Materials (NASDAQ: AMAT) Cut to Hold from Buy at Citigroup. Cisco Systems (NASDAQ: CSCO) Removed From…
The price of oil hit $146 today on fears of instability in Iran, Nigeria, and production problems in Brazil. If oil stays at this level, the price of gas is likely to move closer…
InBev has raised its offer for Anheuser-Busch (BUD) which should seal its takeover of the US beer company. According to The Wall Street Journal, "Anheuser’s board is likely to accept the offer this weekend."…
GE (GE) hit Wall St.’s EPS forecast at $.54 and beat revenue estimates coming in at $46.9 billion above the $45.3 billion concensus. The revenue increase was 11% over the same quarter last year.…
Shareholders at Citigroup (C) have been begging new management to auction off as much of the bank as the new CEO can find. They reckon that is the only way to get the share…
GE (GE) raised $5.4 billion by selling its Japanese consumer financial unit to Shinsei Bank. GE does not need the capital, but it does need to fuel the perception that it is making the…
Anheuser-Busch (BUD) may finally be admitting that it cannot get its shares up from $50 to the InBev bid of $65, even it its cuts costs and sells assets. BUD shares have sold at…
It has started to look like a pattern. A financial company gets in trouble. It stocks falls. The shareholders take a haircut. Sometimes that haircut is 60% and sometimes the stockholders end up bald.…
The short interest in most financial and industrial companies rose sharply for the period ending June 30. Shares sold short in Washington Mutrual (WM) rose 21.6 million to 276.4 million. Short interest in Wachvia…
According to Reuters, the government is considering taking over Freddie Mac (FRE) and Fannie Mae (FNM). Reuters writes that Google (GOOG) thinks that an independent Yahoo! (YHOO) would be better for the search and…
Markets in Asia were mixed. The Nikkei fell .2% to 13,040. Canon was off 1.5% to 5100. Dentsu was down 2.6% to 223000. The Hang Seng rose 1.6% to 22,174. China Mobile (CHL) was…
Late in the day, Intel’s (INTC) CEO said that the company was cutting its way through the recession like a hot knife through butter. The stock promptly jumped and ended the day up over…
AMD (AMD) Little hope that they PC and server businesses will lift revenue and the debt load looks bad in a credit crisis. Down to $4.75 from a 52-week high of $16.19. Starbucks (SBUX)…