This week set one specific outcome in motion: price hikes equals inflation. We saw several major producers announce price hikes, and that is on the heels of other price hikes elsewhere that have been…
It may be the first bad news ever about the Apple (AAPL) iPhone, It is certainly good for RIM (RIMM), the maker of the Blackberry, According to research firm IDC, the iPhone lost smartphone…
Eastman Kodak Co. (NYSE: EK) announced today that it will increase prices on certain consumable products by up to 20%. You can guess the reason: soaring materials costs and the rise of petroleum. Kodak’s…
US Air (LCC) Airline breaks of talks with United (UAUA) and stock runs down to $4 from 52-week high of $36.81. Brunswick Corporation (BC) Concerns about boating business and downgrade earlier in the week.…
The Reuters/University of Michigan Surveys of Consumers said the final reading in May for its index of confidence fell to 59.8 from April’s 62.6. According to Reuters, "May’s reading was the lowest since 58.7…
Shares of JetBlue Airways Corporation (NASDAQ: JBLU) are seeing some extra pressure this morning after the company announced the pricing of a previously announced convertible debt offering of 5.5% convertible bonds that mature in…
We’ve seen several analyst calls on Wall Street this morning out of the oil patch, and here are some of the key calls: Hess (NYSE: HES), Sunoco (NYSE: SUN), and Tesoro (NYSE: TSO) were…
In the last week or so, everybody seems to have weighed in with an opinion on whether or not speculation is responsible for the rapid recent rise in crude oil prices. Until yesterday, however,…
These are ten of the analyst calls we are focusing on this Friday morning: ADC Telecom (NASDAQ: ADCT) raised to Overweight at JPMorgan. AnnTaylor (NYSE: ANN) raised to Outperform at FBR. Ashland (NYSE: ASH)…
Moody’s (MCO) primary ratings unit gives Ambac (ABK) and MBIA (MBI) "Aaa" ratings. Those ratings were in trouble, but when the two companies raised capital, they kept their Good Housekeeping seals. It turns out…
It would not surprise many people to hear that there are not a ton of cellphone in Africa, especially when Egypt and South Africa are taking out of the mix. Nokia (NOK) wants to…
Regulators are going to look more closely at the trading of oil. According to The Wall Street Journal "U.S. regulators disclosed a broad nationwide probe into potential oil-market manipulation and said they are expanding…
comScore (SCOR) and other analysts made the mistake of saying that Google’s click-through rates on the text advertising that runs next to its search results we not doing very well in Q1. Earnings from…
The press alternates between reporting that United (UAUA) and US Air (LCC) are in merger talks one day, and not in merger talks the next. According to Reuters "United Airlines and US Airways have…
VW says it want a bigger market share in the US. Much bigger. With the tremendous competition in the world’s largest car market, it may not get there, unless it can buy its way…
According to Reuters, merger talks between United (UAUA) and US Air (LCC) has been halted. Reuters reports that a US oil probe is focusing on price manipulation. Reuters writes that April insured mortgage defaults…
Markets in Asia were mixed The Nikkei rose 1.5% to 14,339. Honda was up 5.1% to 3530. Sony (SNE) was up 3.9% to 5280. The Hang Seng was up .4% to 24,291. China Petro…
Lehman Brothers Holdings Inc. (NYSE: LEH) has announced that it is "considering" strategic alternatives for its SkyPower Corp. unit in Canada to augment its growing capital base and accelerate development of its wind and…
Capital Senior Living Corp. (NYSE:CSU) has announced that a Special Committee of its Board of Directors has engaged Banc of America Securities, part of Bank of America (NYSE: BAC), as its financial advisor. …
Shares of J. Crew Group, Inc. (NYSE: JCG) are drowning in after-hours trading. The apparel retailer posted over 20% gains to $0.48 EPS on a 15% rise in revenues to $340.6 million. First Call…