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.…
According to Reuters, US senator Charles Schumer has asked the SEC to look at conflicts of interest at bond rating firms. Reuters writes that Washington Mutual (WM) are in favor of the company having…
Markets in Asia were mixed The Nikkei rose 1.2% to 13,146. Docomo (DCM) was down 1.3% to 151000. Sony (SNE) was up 3.5% to 4190. The Hang Seng rose .2% to 23,952. China Netcom…
After rafts of bad news from every corner of the business arena starting with GE (NYSE: GE) and spreading to Washington Mutual (NYSE: WM) and Wachovia (NYSE: WB), a hard luck report from Intel…
According to comScore, Google (NASDAQ: GOOG) continued its climb in US search engine share. The number for Yahoo! (NASDAQ: YHOO) dropped slightly as did the figure for Microsoft (NASDAQ: MSFT). The comScore numbers for…
CV Therapeutics, Inc. (NASDAQ: CVTX) has secured a deal with TPG-Axon Capital, where it will receive up to $185 million in exchange for the rights to 50% of CV Therapeutics’ royalty on North American…
Intel Corp. (NASDAQ: INTC) posted earnings after the close, and Wall Street is cheering the results so far. It just posted $0.25 EPS on some $9.67 Billion in revenues. First Call estimates were $0.25…
Genentech, Inc. (NYSE:DNA) has announced that the biotech giant has authorized the extension of its current stock repurchase program through June 30, 2009 and it amended the current repurchase program. It is increasing the…
Fremont General (FMT) Down 50% today. Finally delisted. Hit bottom at $.26 against 52-week high of $13.80. Avnet (AVT) Warns on profits. Slips to $27.76 from 52-week high of $44.68. Kinetic Concepts (KCI) Sells…
Platinum Equity has announced that the private equity firm has now completed the acquisition of Covad Communications Group, Inc. (AMEX: DVW) in a merger with a total value of approximately $470 million. An affiliate…
The auction-rate market, created in 1985, has fundamentally shut down since February sticking individual investors and corporations with the "near cash" securities. Texas Instruments (NYSE: TXN), Palm (NASDAQ: PALM), and a number of other…
After today’s closing bell, we’ll see earnings for Q1-2008 from Intel Corp. (NASDAQ: INTC). The processor and chip giant estimates from First Call are $0.25 EPS on $9.63 Billion in revenues. We’ve already been…
Private Media Group, Inc. (NASDAQ: PRVT) ia announcing a unique launch with Pilgrim Telephone, Inc. for the U.S. and Canada. This will marry Private’ adult entertainment with Pilgrim’s social networking services for wireless and…