Saudi Arabia says it will up its investment in oil drilling and infrastructure. That should, in theory, help the kingdom push more crude out in the years to come. According to the FT, "State…
Sirius (SIRI) has been waiting for approval or rejection of its merger with XM Satellite (XMSR) by the FCC since the Stone Age. That could change. The agency is hinting a decision will be…
One of the most important outposts that Microsoft (MSFT) has on the internet is its browser, Internet Explorer. The huge majority of people who visit sites online use the Redmond product for access and…
Advertising-supported cable networks are having a good year, and much of that is at the expense of traditional broadcast operations. The one of those which is a standalone company is CBS (CBS). Perhaps that…
George Soros thinks oil prices are starting to look like a classic bubble. His view is that current increases in the price of crude are based more on speculation that any rational balance of…
The major US airlines can no longer get "net 30 days" as credit terms, or any terms at all. Fuel companies want cash. They do not want to end up holding the tank if…
According to Reuters, Asian economy’s may be severely damaged by rising oil and commodities prices. Reuters writtes that European Central Bank head Jean-Claude Trichet say that the markets are going through an ongoing correction.…
Markets in Asia were off sharply The Nikkei fell 2.3% to 13,690;. Sony (NYSE:SNE) fell 2.6% to 2910 yen. Toyota (NYE:TM) fell 2.5% to 5010. Yahoo Japan rose 4.6% to 45850. The Hang Seng…
This coming Thursday after the close, we’ll get to see earnings out of Dell, Inc. (NASDAQ: DELL). Unless others steal the show with unknown news, this should dominate much of the tech earnings on…
If you look over recent fed governor speeches from just last week, thetalk is on no more cuts and that rates have come down. Speeches fromFOMC Vice Chairman Donald Kohn and San Francisco president…
Who is to blame for the subprime mortage mess which has effectlively locked up much of the global credit markets and pushed the US economy into recession. It is the banks. Period. If they…
Anheuser-Busch (BUD) is anticipating a $46 billion buy-out offer from huge beverage company InBev. The US company’s shares hit $58 on the rumor, a 52-week high. That is up from a low of just…
Warren Buffett has decided not pull his punches about how bad things are going to get in the US. Speaking of the economy, Reuters quotes him as saying "But the people are already feeling…
In late 2005 and early 2006, GM’s (GM) stock hit multi-year lows, dropping below $20. Ford’s (F) shares also sold down on fears that both companies could face Chapter 11. Their costs were far…
Stocks fluctuate on oil prices, Fed reports, inflation fears Wall Street started the week mixed, with the Dow ending higher but the Nasdaq down. Tuesday and Wednesday saw the Street fall as worries about…
In a reorganization of China’s telecom industry, which would be almost unimaginable in the West, the country plans to merge two of its largest mobile companies, China Netcom (CN) and China Unicom (CHU). The…
The head of Dow Chemical (DOW) says that the consumer is toast. The price of crude oil and other commodities are just too high. "Inflationary pressures on the consumer through gasoline prices and food…
GE (GE) General malaise and concern that conglomerate structure does not work. Falls to $30.35 from 52-week high of $42.15. GM (GM) Auto industry woes get worse with high gas. Sells down to $17.38…
Late word is that The Weather Channel will be sold to either GE’s (GE) NBCU unit, in partnership with Blackstone (BX), or to Time Warner (TWX). According to Reuters, "The winning bid is expected…
The inventory of homes in the US is at the highest level since 1985, measured by average months on the market. According to Reuters "inventories of unsold homes rose measurably, surging 10.5 percent to…