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…
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…