According to Reuters, global companies may start to issue profit warnings as business slows overseas. Reuters reports that InBev is sticking to it offer to buy Anheuser-Bush (BUD). Reuters reports that Chrysler is shutting…
Markets in Asia were mixed The Nikkei fell .1% to 13,463. Canon fell 2.2% to 5340. Japan Tobacco rose 1.6% to 460000. The Hsng Seng rose .4% to 22,103. China Unicom (CHU) rose 3.7%…
Fortune Brands, Inc. (NYSE: FO) has come clean with a lowered earnings guidance for the current quarter and full year of 2008. The company noted that a weakening consumer sentiment in the U.S., the…
EMCORE Corporation (NASDAQ: EMKR) has announced after the close of trading that the company has agreed to sell 2,000,000 shares of Series D Preferred Stock of WorldWater & Solar Technologies Corporation (OTC Bulletin Board:…
Lehman (LEH) falls on rumors of sale to Barclays (BCS). Down to $19.64 from 52-week high of $76.99. Ambac (ABK) drops on more concerns it will need additional capital. Sells off to $1.15 from…
On Tuesday, it won’t just be the first day of the month nor just the first day of the quarter. It is yet another reporting day for new car and truck sales in the…
Sirius (SIRI) told the world how things would look at the company after its proposed merger with XM Satellite (XMSR). The world greeted the forecast with scorn. The company called the savings synergies, an…
MBIA Inc. (NYSE: MBI) decided to speak out against some recent speculation and some recent reporting on its overall health. The company has said that as a result of Moody’s downgrade of MBIA Insurance…
BCD Semiconductor Manufacturing Limited has filed with the SEC to formally withdraw its prior registration statement. In short, the company has determined not to proceed with its planned initial public offering. You can guess…
No one hears much about the Bank for International Settlements but It deals with central banks worldwide and probably has as good a fix on the global economy as any single entity. There is…
General Electric Co. (NYSE: GE) is seeing a rise of nearly 1% today, and this is after several days of hitting the 52-week low list and almost seeing its stock trade with $25 handles…
Hicks Acquisition Company I, Inc. (AMEX: TOH) has reached an agreement in principle to go from SPAC to operational. The deal and terms are subject to execution of a definitive agreement, although the company…
Goldman Sachs has come out with some positive calls in the communications technology group, and one of the stocks has been given an upgrade. Specifically, Goldman Sachs noted that it is maintaining a bias…
These are ten of the analyst calls we have seen in the early hours of trading this Monday morning: Alcatel-Lucent (NYSE: ALU) Raised to Neutral from Underperform at Merrill Lynch. Atheros Communications (NASDAQ: ATHR)…
The UAW’s members have become prisoners of the economic war, used now as galley slaves rowing a fleet of doomed ships of into the hellish center of an oil-crazed war between OPEC and the…
All of the corporate CFOs and treasurers who bought auction-rate securities from the salesman from their investment banks need a scapegoat. When the credit crisis hit, the financial firms which had kept the market…
Citigroup (C) has decided to change its bonus structure so that senior management will be paid on the results of the entire bank instead of the success of their individual operations. It will lump…
During the 19th century, the West began a brisk trade relationship with the Chinese though Canton. It has been a good deal for both sides, with a few exceptions like the First Anglo-Chinese War,…
The profit-mongering Big Pharma companies don’t want the FDA to take so long approving their drugs. It cuts into profits and delays their chances of making money on new blockbuster treatments. According to The…
Also-ran multimedia company Real Networks (RNWK) and Viacom (VIA) are going to take another run at Apple (AAPL) iTunes. They have a music download service call Rhapsody. One of the reasons it has done…