Safeway (SWY) Food prices hurting retailing margins. Falls to $25.75 from 52-week high of $38.31. Northrop Grumman (NOC) Q1 charge still weighs on shares. Sell off to $69.48 from 52-week high of $85.21. Healthcare…
It was almost amazing that private equity funds never did go acquire many banks, despite the lending woes that came to pass. For some time there was value there before the logic and rationale…
After today’s close, we’ll get to see earnings out of Gilead Sciences Inc. (NASDAQ: GILD). The estimates for the biopharmaceutical company from First Call are $0.48 EPS on $1.22 billion in revenues. Next quarter…
After today’s close, we’ll get to see earnings out of International Business Machines Corp. (NYSE: IBM). The estimates for Big Blue from First Call are $1.45 EPS on $23.71 billion in revenues. Next quarter…
After today’s close, we’ll get to see earnings out of eBay Inc. (NASDAQ: EBAY). The estimates for the online auction platform from First Call are $0.39 EPS on $2.08 billion in revenues. Next quarter…
If you thought biotech news was getting quiet going into earnings season, think again. Acadia Pharmaceuticals Inc. (ACAD) presents Phase II data on pimavanserin, a treatment for Parkinson’s disease psychosis (PDP) at the 60th…
Rhino Resource Partners, L.P. has submitted its IPO paperwork thismorning. The filing shows for $115 million proposed maximum offering price,although this number is for filing purposes only. 5 million shares representing limitedpartner interests will…
AMR (NYSE: AMR) reported that it lost $325 million in the first quarter as fuel charges rose $665 million over the same period last year. AMR also disclosed that it has reached a definitive…
New comScore data shows that the number of videos viewed online moved up 66% in February compared with the same month last year. US internet users viewed over 10 billion videos for the most…
Investors should hope that airlines will do what they can to keep business. Northwest Airlines (NYSE: NWA) seems to want to do the opposite. I tried to get a ticket for my son to…
There was a significant agreement out of Canada between it and China, via Canpotex (Canadian Potash Exporters). Canpotex is the world’s largest exporter of potash. Canpotex announced potash price increases between Canpotex and Sinofert…
BlackRock, Inc. (NYSE: BLK) posted a 25% gain in earnings, but reported $1.90 EPS versus $2.00 estimates; Assets under management are now $1.364 Trillion. Shares are trading down by 2% pre-market. JPMorgan Chase (NYSE:…
Fox Interactive, the online division of News Corp (NWS), will miss its numbers. A few of the marketing executives there lost there jobs. It would seem that the primary culprit is MySpace, the world’s…
These are 10 of the top calls that 247WallSt.com is looking at this morning: Altria (NYSE: MO) cut to Neutral at JPMorgan. Herbalife (NYSE: HLF) started as Overweight at Lehman Brothers. ITT Industries (NYSE:…
JP Morgan (JPM) took some big write-offs which dropped its profits well below the same quarter last year. The bank 2008 first-quarter net income of $2.4 billion, compared with record net income of $4.8…
Markets in Europe were modestly higher at 6.35 AM The FTSE rose .7% to 5,948. Barclays (BCS) was up 2.9% to 462. BA was up 2.6% to 214. The DAXX rose .4% to 6,612.…
Microsoft (NASDAQ: MSFT) has come up with a canny way to increase its revenue during a recession. It will loan companies money to buy its software. Redmond has always had a deft touch in…
Venezuela president-for-life and dissociative identity disorder diagnosed Hugo Chavez will raise a new tax on excess oil profits for crude found and refined in his "republic". According to The Wall Street Journal "The levy…
Mack of Morgan Stanley (NYSE: MS) and Fuld of Lehman (NYSE: LEH) have both expressed the opinion that the worst of the Wall St. earnings crisis may now be in the past. The head…
Inflation in Europe rose 3.6% in March, the highest rate in 16 years. In China, inflation moved up 8.1%. According to The Wall Street Journal, the Communist government’s target was 4.8%. Pretty big miss.…