According to Reuters, the Fed lower growth expectations and noted rising inflation. Reuters writes that AMR (AMR) will sharply cut the number of routes its serves and take certain planes out of service. Reuters…
Markets in Asia were mixed. The Nikkei was up .4% to 13,978. NEC was up 3.9% to 534. Nissan was down 2.4% to 913. The Hang Seng was down 1.9% to 24,974. China Life…
AMR (AMR) falls after saying it will cut service to save money. Down to $6 from 52-week high of $29.32. US Air (LLC) drops as oil spikes and investors fear huge losses in airline…
If you are hoping for already-low interest rates in the U.S. to go lower, you better look at the FOMC minutes from the last meeting. In the minutes, even though the FOMC noted that…
CVS Caremark Corp. (NYSE: CVS) has announced that the company will buy back up to $2 Billion worth of common stock from time to time in the open markets during 2008 and 2009. The…
Ladenburg did nothing to spare the feelings of management and employees at Lehman (LEH). It cut its price target on the brokerages stock to $38 from $48. According to Reuters, the research firm said…
AMR Corp. (NYSE: AMR), the parent of American Airlines, has announced some sweeping changes at its annual meeting of shareholders today. More importantly than just how this affects AMR, these changes will likely set…
The housing market in Brazil operates in a what which is beyond the wildest dreams of US homebuilders. The sector has very little leverage. A number of government programs help people obtain mortgages. The…
These are ten of the analyst calls we are focusing on this morning: Central Garden (NASDAQ: CENT) raised to Buy at Piper Jaffray. China Sunergy (NASDAQ: CSUN) raised to Hold at Jefferies. El Paso…
Soleil has downgraded the airlines industry from "outperform" from "neutral". The call is not only about six months late, the downgrade should be to "sell". The firm did have the sense to downgrade AMR…
If Microsoft (MSFT) can’t make up ground on Google (GOOG) the old fashion way, they can pay people to use their search product. Redmond will give consumers who use its search products to find…
Introducing new car models is now all about the environment. Too much gas is bad for the ozone, global warming, and Al Gore. The race to create hybrids and vehicles which use ethanol is…
Barnes & Noble (BKS), the No.1 bricks and mortar bookseller, is looking at a buy-out of No.2 player Borders (BGP). Neither company has done especially well as readers have turned to Amazon (AMZN) and…
Carl Icahn is known as much for his mistakes as his successes. His process for making money is based on forcing management to do the right thing. He cannot, however, control the forces of…
Time Warner (TWX) plans to spin-off its cable company, Time Warner Cable (TWC), to shareholders. In the process, the parent will get a payment of $9.25 billion as part of a one-time dividend. It…
It turns out that Moody’s (MCO) may be more than incompetent. After missing most of the risks in subprime paper and keeping “Aaa” ratings on the municipal bond ratings agencies for too long, the…
According to Reuters, Microsoft’s (MSFT) Steve Ballmber said his company will not bid for Yahoo! (YHOO). Reuters writes that HP’s (HPQ) operating margin rose to 10% in the last quarter. Reuters writes that Lehman…
Markets in Asia were mixed. The Nikkei fell 1.7% to 13,926. Honda (HMC) fell 2.1% to 3350. KDDI fell 3.2% to 668000. The Hang Seng improved .8% to 25,371. China Petroleum (SNP) was up…
Against a back-drop of several Wall St. analysts saying the credit crisis will damage bank earnings into 2009, Lehman Bros. (LEH) will cut 5% of its work force, according to Reuters. The brokerage has…
Nanotechnology is one of those industries that has advocates lining up for it and against it. The theoretical possibilities are endless. These could be in micro-computing, arterial plaque attacks, tissue repair, cleaning surfaces, cancer…