We already reported earnings out of Cisco Systems (NASDAQ: CSCO). The networking giant posted $0.38 non-GAAP EPS on revenues of $9.8 Billion, which were ahead of First Call targets of $0.36 and $9.75 Billion. …
Wall St. said WiMax was dead. Sprint (NYSE: S) which was going to build a $5 billion network for its broadband wireless network did not have the capital. Neither did start-up Clearwire (NASDAQ: CLWR).…
Cisco Systems (NASDAQ: CSCO) has come out with earnings after the close and shares are initially up on the news. The company posted $0.38 non-GAAP EPS on revenues of $9.8 Billion. Both numbers are…
Disney (DIS) had the kind of quarter that a company based on the fantastic should have. Diluted EPS for the second quarter increased to $0.58, compared to $0.44 in the prior-year quarter. Revenu rose…
Collective Brands (PSS) An unfavorable verdict in a lawsuit with Adidas.Drops to $9.14 from 52-week high of $37.20 Sunoco (SUN) Analyst downgrade. Down to $43.88 from 52-week high of $80.40. Thor Industries (THO) Bad…
Advanced Micro Devices Inc. (NYSE: AMD) is seeing a crazy and active day. We saw an unusual rise in this yesterday on active volume, but that rise was a 6% rise. Today’s gains are…
Here are some of the top stories today that affecting key drug and biotech stocks: GlaxoSmithKline (NYSE: GSK) reorganized its corporate structure, increasing focus on emerging markets such as China, Russia, Brazil, India and…
Today after market close we’ll get to see the earnings out of Blue Nile Inc. (NASDAQ: NILE). Blue Nile has suffered a miserable time of it since the highs last year. They have been…
This week, we’ll see earnings from many of the top publicly traded retirement homes. We have earnings from Capital Senior Living Corp. (NYSE: CSU), Brookdale Senior Living Inc. (NYSE: BKD), Senior Housing Properties Trust…
WuXi PharmaTech (Cayman) Inc. (NYSE: WX) announced today that it has decided to postpone its follow-on offering of American Depository Shares "due to current market conditions and share price." Credit Suisse Securities and JP…
We’ve now seen earnings out of gold giants Barrick Gold Corporation (NYSE:ABX) and Goldcorp (NYSE:GG), and after the close we’ll see earnings out of Kinross Gold Corporation (NYSE:KGC). As you read through the releases,…
Goldman Sachs (NYSE: GS) has come out and updated its "oil super-spike" prices today. In fact, it ponders whether or not the super-spike end game has begun. We covered part of this yesterday, and…
Blackstone Group has announced the closing of three newly created collateralized loan obligation funds totaling $1.3 billion. Yep, CLOs. These were all created over the past month.
Playboy Enterprises, Inc. (NYSE: PLA) has reported a net loss for the first quarter of $3.1 million, or -$0.09 per basic and diluted share, on and 8% decline in revenues to $78.5 million. Unfortunately,…
The housing and subprime mortgage market claimed another victim today as Fannie Mae (FNM) reported a dismal quarter, cut its dividend and said it would raise $6 billion. Fannie Mae says it lost $2.2…
These are the top 10 analyst calls that we are focusing on this Tuesday morning: AGCO Corp. (NYSE: AG) raised to Overweight at Goldman Sachs. HSBC Holdings (NYSE: HBC) cut to Neutral at UBS…
Markets in Europe were off modestly at 6.40 AM New York time. The FTSE dropped .6% to 6,181. British Airways was off 3.8% to 239.25. GlaxoSmithKline (GSK) was off 1.8% to 1131. The DAXX…
Big Pharma continues to throw ballast out of the balloon in the hopes of staying aloft. The latest victim of declining fortunes in the industry is Merck (MRK), which seems to have had every…
All of the rumored good news out of Sprint (S) took the stock on a magic carpet ride yesterday. First there were reports that Deutsche Telekom (DT) might buy the whole company. Then there…
Edward S. Lampert, billionaire and hedge fund manager, arrived at the Recession about six months late. The chairman of zombie retailer Sears (SHLD) "said the retailer is taking a conservative stance amid weak consumer…