We have already seen some of the larger oil services companies report earnings between Monday and Friday, so far with little cheers today. On Tuesday, we’ll get to see earnings report from additional players…
Amylin Pharmaceuticals (NASDAQ: AMLN) reported first quarter losses of $68.8 million, or $0.51 EPS, wider than the $49.4 million in the first quarter of 2007. Losses are credited to a drop in sales in…
National City Corp. (NYSE: NCC) is a name we have been cautious on because of the trends we have seen in the "bank financing" rescue packages. The company has secured $7 billion in financing…
It turns out that people who have Sirius Satellite Radio (NASDAQ: SIRI) packaged into their new cars are not anywhere near as likely to renew their service as people who go out and buy…
Oil field services biggies, Halliburton (NYSE:HAL) and Weatherford (NYSE:WFT), reported first quarter results before the market opened this morning. Halliburton reported EPS of $0.64 on revenue of $4.03 billion, and First Call had estimates…
Motorola, Inc. (NYSE: MOT) is making an investment through Motorola Ventures, which is its strategic venture capital arm. The company has decided to go after the virtualization field and has announced that it made…
Micron Technology, Inc. (NYSE: MU) has entered into a joint venture today with Nanya Technology Corporation. This new JV will be called MeiYa Technology Corporation. This is not an easy one to figure out…
Intel (INTC) may try to make a WiMax invasion of mainland China using Taiwan as its starting point. The big US chip company said it will put $500 million into building WiMax infrastructure in…
Jefferies Group, Inc. (NYSE: JEF) has posted some ugly earnings this morning and it has announced a financing package. Jefferies posted a net loss of $60.5 million, or -$0.43 EPS on a 52% drop…
GameStop Corp. (NYSE: GME) has seen shares downgraded at Goldman Sachs this morning. The brokerage firm cut its already cautious Neutral rating down to a new Sell target. The stock target is $50.00, implying…
These are not the only calls that will be impacting stocks, but these are the initial calls that 247WallSt.com is focusing on this Monday morning: Caterpillar (NYSE: CAT) Cut to Neutral from Outperform at…
There is no law on the books anywhere in the US to rival The Martin Act for giving prosecutors a big stick. As one expert on the breadth of 1930s piece of legislation put…
Europe markets are narrowly mixed at 6.15 AM. The FTSE is up .2% 6,066. BHP (BHP) was up 2.5% to 1835. Vodafone (VOD) is down 2.3% to 152.4. The DAXX is down .5% to…
Perhaps it is a rumor and perhaps not. German magazine Focus has reported that the launch of the Boeing (BA) Dreamliner will be delayed another six months into 2010. The publication says it got…
One the way to buying Circuit City (CC), Blockbuster (BBI) found out it may not have the money to close a deal. Its big shareholder Carl Icahn might help and there is some money…
NCC (NCC) was one of those banks that decided the mortgage business was simply an outstanding way to make money. The price of homes and commercial buildings would rise at 10% per annum forever,…
The torpedoes from Viacom (VIA) ran true and have hit CBS (CBS) right in the boiler room. One of Sumner Redstone’s companies is out to get the other. Fratricide at its finest. Viacom’s Paramount…
According to Reuters, National City (NCC) will raise as much as $7 billion. Reuters writes that Viacom (VIA) will launch a pay TV channel to compete with Time Warner’s (TWX) HBO. Its partners will…
Most markets in Asia were up. The Nikkei rose 1.6% to 13,697. Canon was up 6.1% to 5380. Honda (HMC) was up 8.8% to 3330. NEC was up 7.3% to 468. Sony (SNE) was…
It has been one year since 24/7 Wall St. looked at over 40 Starbucks (NASDAQ: SBUX) from Texas to New York. Since then, the company has replaced its CEO with the company’s founder, Howard…