Keryx Biopharmaceuticals, Inc. (NASDAQ: KERX) may have just joined the ranks of a biotech zombie, even if it doesn’t want to admit that. The company announced that top-line results from its SUN-MICRO Phase III…
Less than a month ago, 24/7 Wall St. put the awful performance of Level 3 (NASDAQ: LVLT) at the feet of the two men who have run the company for over a decade and…
McDonald’s amazed even itself with magnificent same-store sales in February. Ronald McDonald and the other clowns in management watched the firm post February comparable sales which increased 8.3% in the U.S. as McDonald’s market-…
JPMorgan (NYSE: JPM) has lowered its U.S. economic targets for 2008. The firm lowered US GDP growth outlook to +0.9% from a prior +2.1%. This call implies that JP Morgan now sees its S&P…
White Mountains Insurance Group, Ltd. (NYSE: WTM) entered an exchange agreement with Berkshire Hathaway Inc. (NYSE: BRK-A) to transfer certain runoff businesses and a substantial amount of cash to Berkshire Hathaway, and this will…
These are some of the analyst calls that 247WallSt.com is focusing on in early pre-market trading this Monday morning: Aeropostale (NYSE: ARO) Cut To Sell From Hold at Citigroup. AbitibiBowater (NYSE: ABH) Raised to…
Markets in Europe were narrowly mixed at 7.15 AM New York time. The FTSE was up .1% to 5,706. BHP Billiton (BHP) was off 3.8% to 1529. HSBC (HBC) was up 1.9% to 773.…
The Big Six cable companies will team up to sell advertising, targeted by geography and subscriber behavior. It is the fondest hope of television which has seen much of the ability to get to…
A survey of analysts taken recently indicates that they believe earnings will be flat in the first and second quarters of this year when compared to the same periods in 2007. The poll, by…
The FCC is going after Comcast (NASDAQ: CMCSA) for cutting bandwidth to some file-sharing services which use huge amounts of capacity on the cable company’s network. The agency believes that all telecom and cable…
According to Reuters, gas price are at $3.20 a gallon and could rise another $.20 to $.30 in the next month. Reuters writes that Chevron will develop two major projectsw in Asia. Reuters reports…
Markets in Asia fell The Nikkei was off 2% to 12,532. Mazda was down 6.2% to 364. NEC was down 3.1% to 405. The Hang Seng fell .5% to 22,384. China Life (LFC) fell…
Most of the business and economic headlines splashed across the media are related to fears that the credit crisis will further erode the default rate on mortgages and drive more huge losses at US…
According to The Guardian "The US is flooding Europe with subsidised biofuels that threaten to destroy Europe’s domestic refining market, the head of the biofuel company D1 Oils warned today as its shares lost…
Bold words. VW says that by 2010 it can produce 10 million vehicles and pass Toyota (NYSE: TM) and GM (NYSE: GM) as the world’s largest car company. According to the Times "To those…
At the end of the week, Ambac (NYSE: ABK) raised $1.5 billion and was able to keep it "Aaa" rating, essential for the company and the bonds it insures. The capital may have solved…
Boeing (NYSE: BA) and Airbus go toe to tor for almost very major commercial airline contract in the world. They haul each other into court over international trade practice questions. For pure blood sport,…
GM (NYSE: GM) would rather not put money into its former parts operations which is now a separate company and in Chapter 11. Because of tight credit markets, the large auto company has agreed…
Another unstable week had the Dow and the TSX down most of the week on continuing credit concerns and a darker U.S. economic outlook. Despite closing slightly higher Wednesday, stocks on both sides of…
Fred Hickey, the editor of HIgh Tech Strategist, is saying Google (NASDAQ: GOOG) will have a very large earnings miss this quarter followed by "more disappointments to come," according to Barron’s. What happens then?…