According to Reuters, Lehman (LEH) may have to merge due to its financial problems. Reuters writes that Apple (AAPL) introduced its new 3G iPhone. Reuters reports that the head of S&P says that the…
Markets in Asia were down sharply and shares in China collapsed as the government put in new inflation-fighting measures. The Nikkei fell 1.1% to 14,021. KDDI fell 2.3% to 675000. NEC rose 1.3% to…
When Apple (AAPL) came out with its new 3G iPhone today, shares in Steve Jobs’ company fell. Shares at rival smartphone company Research-In-Motion (RIMM) rose. The new iPhone has a number of features, including…
On tonight’s MAD MONEY on CNBC, Jim Cramer came out and said he is doing the unthinkable: He’s saying you can probably buy both Motorola Inc. (NYSE: MOT) and Yahoo! Inc. (NASDAQ:). He says…
Washington Mutual (WM) Concerns about the financial crisis burn like wildfire. Drops sharply to $6.14 from 52-week high of $44.19. AMBAC (ABK) Sells off to $2.02 after downgrades. The 52-week high was $89.33. MBIA…
Today was a feature we have loosely been covering on occasion, and that is investing on the final frontier here on Earth: Africa. Interestingly enough, Vodafone Group plc (NYSE: VOD) is tied into this…
An Australian company called Peplin Inc., which originally filed to come public in August 2007, has filed with the SEC to withdraw its IPO paperwork. The emerging biotech was going to carry the "PLIN"…
Texas Instruments Inc. (NYSE: TXN) has issued its mid-quarter updateafter the close on Monday. The company put the new revenue guidancerange at between $3.33 to $3.46 billion, compared with its prior rangeof $3.24 to…
After the close of trading today, CMGI Inc. (NASDAQ: CMGI) reported its quarterly numbers. Unfortunately for holders, the reaction isn’t a strong one. The ModusLink owner and incubator for tech and alternative energy announced…
There are the 24/7 Wall St. odds that several companies will have to file for Chapter 11 between now and the end of the year. These will become a permanent part of the website…
Pier One Inc. (NYSE: PIR) saw shares tumble today on what some may think as a game changing deal where it offered to acquire rival Cost Plus Inc. (NASDAQ: CPWM), the parent of its…
Yahoo! Inc. (NASDAQ:YHOO) has filed its own proxy materials for its August 1 shareholder meeting, and it is essentially asking shareholders to follow it 100% with no concessions to activist and raider Carl Icahn. …
Even the kings and princes of Saudi Arabia are getting concerned about the rising price of crude. The are pushing for a summit meeting of the world’s largest oil producers and consumers. According to…
After the close of trading today, or shortly before the close as before, we’ll get the fiscal Q3-2008 quarterly earnings report out of CMGI Inc. (NASDAQ: CMGI). Unfortunately there is only one real estimate…
Nokia (NOK) can’t seem to get the message the consumers don’t want pseudo Apple (AAPL) iPhones. The world’s largest handset maker will release its new N96 super-sophisticated handset later this year. According to Reuters,…
Meredith Whitney of Opperheimer covers financial stocks, but she clearly hates them. At least for the time being. She is no making the point that as MBIA (MBI) and Ambac (ABK) lose their "AAA"…
These are not all of the analyst calls affecting shares this morning, but these are ten that we are focusing on this Monday morning: AbitibiBowater (NYSE: ABH) started as Outperform at RBC Capital Markets.…
Brazil says it will launch a $200 billion sovereign fund with the money from all the oil it has found off-shore. Of course, none of that oil has been brought to the surface, but…
Several companies which hold most of the patents for super-fast wireless broadband technology WiMax have creating a patent pool to keep licensing fees down. Included in the new arrangement are Cisco (CSCO), Intel (INTC),…
Corn prices hit an all-time high overnight. There has been too much rain on the farms where it is raised in the US. The cost of the stuff is up 47% this year. Corn…