A lot of analysts thought that Cerberus management, usually so clever and sharp, made a buffoon’s move when they bought into Chrysler and GMAC. The auto market immediately went South. It turns out the…
There is a complicated merger in the Chinese telecom market, which is part of the government mandate to consolidate a fragmented telecom industry in China. China Unicom Ltd. (NYSE: CHU) has formalized a deal…
Billions of dollars in losses and a falling stock price can cost a CEO his job. Wachovia (WB) announced today that its current Chairman, Lanty Smith, has been appointed interim Chief Executive Officer, succeeding…
The new version of the Apple (AAPL) iPhone should hit Europe next month. It will be much less expensive for consumers to buy because Apple will also cellular providers to underwrite the price of…
These are ten of the analyst calls we are focusing on this Monday morning in pre-market trading: Alpha Natural Resources (NYSE: ANR) Raised to Overweight at Morgan Stanley. Blue Nile (NASDAQ: NILE) started as…
Central banks are sick of big banks losing money by putting cash into instruments which are poorly understood and financially dangerous. So, why not may it extremely expensive to buy them? According to the…
If the smart money is right, the price of oil is going down. According to Bloomberg "Hedge-fund managers and speculators reduced bets on higher oil prices by 80 percent since July as crude futures…
The sales of PCs and servers, especially in the US and Europe, is slowing due to market saturation. The same holds true for cellular phones. Chip companies now have to rely on improved sales…
There have been rumors that the economy in China might slow. They have gone on for almost a year. Now, the evidence is mounting that the growth of GDP in the big Asia country…
One of the most brilliant theories in business is that large companies are destroyed by more nimble competitors. Over time, the small companies become the large ones. The genius and capacity for quick decisions…
According to Reuters, the head of Harris Bank said the company was not for sale. Reuters writes that Toyota (TM) will cut its sales forecasts for the US. Reuters reports that Nomura will enter…
Markets in Asia were mostly higher The Nikkei rose .7% to 14,440. Sony (SNE) rose 4.6% to 5520. Toyota (TM) rose 1.9% to 5470. The Hang Seng was up 1.5% to 24,890. China Life…
The time had to come when the share of the Apple (AAPL) Mac OS would begin to spike. There are too many Macs being sold and the growth rate of the Apple product is…
The most valuable things on the floor of the ocean are probably the Titanic and several ship-wrecks with old Spanish coins. There seems to be little else of any worth down with the lanternfish…
Kirk Kerkorian may be able to join Carl Icahn as a billionaire who has taken a lot of mad gambles recently. According to Reuters, "Kerkorian’s investment vehicle Tracinda Corp said it would continue to…
Alan Greenspan has frightened away the specter of economic "bubbles." He spoke and the economy must obey. According to Reuters, the former Fed head said "he does not expect another "bubble" in world markets…
Pension funds are outstanding when it comes to losing money. Tired of the old ways of just putting money into stocks and bonds, they now invest in private equity, venture capital, derivatives, and commodities…
Tivo (TIVO) was such a promising consumer electronics start-up. The firm owned the digital video recorder business and then that was taken away from it by the cable companies, satellite companies, and products ranging…
Wall Street started a short week off with a bang, as U.S. stocks rose Tuesday on upbeat new home sales data and falling oil prices. Wednesday saw better-than-expected durable goods data, which kept the…
CSX (CSX) is raising freight rates. So is Burlington Northern (BNI). Their diesel costs are up, and they need to pass them on to customers. Dow Chemical (DOW) said it would raise the prices…