Most analysts thought that write-offs of auction-rate securities at public companies would cost shareholders. That turned out to be right. The paper was taken on board by companies that believed that it was a…
Perhaps best that this is posted without comment. According to Reuters, "Companies with a board member who has ties to a winning political party enjoy a significant bounce in their share price following an…
News is slow the morning after Memorial Day, but to keep people glued to their screens, Reuters reports that Microsoft (MSFT) may buy UK online classifieds company Yell. Steve Ballmer did say that the…
Alan Greenspan, Warren Buffett, and George Soros have made a cottage industry from commenting on the odds for and state of a recession. None of them needs money for his comments, so they must…
MySpace, Facebook, and YouTube are among the most visited websites in the world. Unfortunately, no one can figure out how to make money from them. According to comScore, Facebook, the smallest of the three,…
The head of HSBC (HBC) had an epiphany. Unlike most bankers who constantly advocate lower interest rates, the head of Europe’s largest firm thinks rates must go higher. Michael Geoghegan, CEO of HSBC, told…
According to Reuters, small business sentivment is still shaky. Reuters writes that InBav may start Anheuher-Busch (BUD) takeover talks this week. Reuters writes that Asian central banks are propping up their currencies. Reuters writes…
Markets in Asia were mostly higher. The Nikkei was up 1.5% to 13,893. Honda (HMC) was up 2.2% to 3300. KDDI was up 2.7% to 690000. The Hang Seng rose 1.2% to 24,409. CNOOC…
With all its bleeding and huge losses, Wall St. should assume that the bad news is behind UBS (UBS). To repairs its balance sheet, the Swiss firm is making a 16 billion-franc rights offering.…
Solar energy may be the wave of energy’s future, but companies like Google (GOOG) and Chevron (CVX) may best start-ups in getting to the benefits. A number of large American companies with tremendous balance…
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…