It’s official. At 7:56 PM Saturday night, Steve Ballmer of Microsoft (NASDAQ: MSFT) officially threw in the towel in its bid to acquire Yahoo! Inc. (NASDAQ: YHOO). Now that the details are out, the…
According to several sources, Microsoft (MSFT) has dropped its offer to buy Yahoo! (YHOO). The Wall Street Journal writes that "Microsoft said it had increased its offer to $33 a share, but said Yahoo…
It appears that Boeing (NYSE: BA) is facing another delay for deliveries of its 787 Dreamliner and the company’s CEO is facing a major challenge to his credibility. After two significant set-backs in the…
Sprint (NYSE: S) may have found a buyer. The interested party is German phone giant Deutsche Telekom NYSE: DT). DT owns the fourth largest cellular carrier in the US. Sprint has the third largest…
Late word is that the hedge fund business that Citigroup (C) CEO Vikram Pandit sold to the bank for $800 million has lost a huge amount of its value. All of the outside investors…
Everyone loves covering Warren Buffett, rain or shine. His long-term shareholders love him, the media follows his every move, and everyone on Wall Street either cares about his potential next buyout or cares about…
While it may be a foregone conclusion, it is time for Jonathan Schwartz to leave as the CEO of Sun Microsystems (NASDAQ: JAVA). He has done absolutely nothing for the company since taking over…
Shares of both Sirius Satellite radio (NASDAQ: SIRI) and XM Satellite Radio (NASDAQ: XMSR) are trading higher in pre-market trading today. You could say it is the market, but it could also be tied…
Chevron Corporation (NYSE:CVX) reported earnings of $5.17 billion and $2.48 EPS for the first quarter of 2008. First Call had estimates at $2.41 EPS. This compared with $4.72 billion and $2.18 EPS for the…
Investools Inc. (NASDAQ: SWIM) is under serious fire this morning from traders. The company posted net income of $0.17 EPS, but First Call was at $0.21 EPS. This is on a record revenue with…
The Labor Department just released the April 2008 unemployment numbers. While these are negative, they aren’t as bad as estimates. The unemployment rate came in at 5.0% versus estimates we had marked as as…
Viacom Inc. (NYSE: VIA) posted earnings of $0.44 EPS on $3.12 Billion in revenues. First Call consensus estimates were $0.41 EPS and $2.97 Billion on revenues. This shows that revenues rose 14.7% year over…
Jerry York, henchmen for Kirk Kerkorian, has told Automotive News that it is time for Ford (F) to dump Volvo and Mercury. The former car exec said that the No.2 car company should keep…
These are ten of the analyst calls we see impacting shares this Friday morning: Allergan (NYSE: AGN) cut to Hold at Jefferies. ComScore (NASDAQ: SCOR) raised to Outperform at Oppenheimer. Dynamic Materials (NASDAQ: BOOM)…
Markets in Europe were rallying at 6.30 AM The FTSE was up 1.1% to 6,151 Cadbury was up 8.7% to 630. Prudential was up 3.4% to 721. The DAXX rose 1.2% to 7,033. BMW…
Bond-holders who own debt in Countrywide (CFC) have assume that Bank of America (BAC) would take those obligations on and that they would get paid out. Maybe not. According to Bloomberg. “There is no…
Owning one of those new cars that runs on ethanol or electricity may be more expensive than the old-school gas versions, even if petrol stays at $3.50 a gallon. The math wizards at The…
Wal-Mart (WMT) has decided Mom does not want flowers or candy this year. It is aggressively marketing the new Nintendo Wii Fit as a way to pull reluctant and impoverished shoppers into its stores.…
Trying to make sense of all the rumors about Microsoft (MSFT) buying Yahoo! (YHOO) and Yahoo! making a search deal with Google (GOOG) is senseless.. Only three or four people are actually playing the…
As hard as it may be to believe, the Dow is withing 200 points of where it was a year ago, and above where it was last August. There is now plenty of talk…