Depending on which rumor is true, Delta (NYSE: DAL) may merge with Northwest (NYSE: NWA), or United (NASDAQ: UAUA). The math behind airline mergers doesn’t add up, and the fact that the two most…
Toyota (NYSE: TM) has rolled out the first car under its new cost savings program. Not only is the car cheaper to make, but the largest Japanese car maker claims it is safer to…
Markets in Europe were up at 8.15 AM New York time. The FTSE was up 1.7% to 5,888. Barclays (BCS) was up 6.4% to 455. BHP Billiton (BHP) was up 3.1% to 1599. The…
The US government bailed out Chrysler all the way back in 1979. Nothing quite like it as been seen since then, but the financial sector has not been in as much trouble for decades…
Apple (NYSE: AAPL) iPhones, perhaps hundreds of thousands of them, are finding their way into China. There they are "unlocked" so that they can work on local cellular networks. According to The New York…
The government of Qatar has begun investing in Credit Suisse (CS) and the country’s prime minister says that Middle East country is prepared to put up to $15 billion into US and European banks.…
According to Reuters, China e-commerce company Alibaba will try to participate in the decision of the potential sale of Yahoo! (YHOO) to Microsoft (MSFT) Yahoo! owns 39% of Alibaba and there are some restrictions…
Markets in Asia were mixed. The Nikkei ended up a fraction at 16,635. NEC dropped 2.5% to 428. NTT (NTT) dropped 2.4% to 495000. The Hang Seng fell 1/6% to 23,759. China Mobile (CHL)…
According to The Wall Street Journal troubled British mortgage company Northern Rock wil be taken over by the British government. The newspaper writes "The U.K. Treasury has decided to nationalize troubled mortgage lender Northern…
It appears that Sony (NYSE: SNE) has finally won the battle for high-definition DVDs. Last week, Wal-Mat (WMT), Best Buy (BBY), and NetFlix (NFX) dropped the Toshiba HD DVD format in favor Sony’s Blu-ray…
In an effort to calm its investors, Barclay’s (NYSE: BCS) will raise its dividend this week According to The Times: "In its results on Tuesday, Barclays will admit to write-offs from its exposure to…
Joining the contest to see who will own Yahoo! (NASDAQ: YHOO), Time Warner’s (NYE: TWX) AOL has entered the fray competing with News Corp (NYSE: NWS) as a company which is intense talks to…
Almost every week now a private equity or hedge fund walks away from a transaction to take a public company private. In most cases the public company boards try to keep deals on track…
The uproar about Heparin, a widely-used drug marketed by Baxter International (NYSE: BAX), is just beginning. As The Wall Street Journal writes "Baxter said the active ingredient for its heparin was supplied by Scientific…
The Dow and the TSX ended higher despite late-week selling on poor U.S. economic data. Warren Buffett made an offer to support the municipal bond insurance business that – even as it was not…
Laszlo Birinyi of Birinyi Associates, Inc. is one of the more frequently watched portfolio managers by the public. The reason is not that he is one of the largest fund managers. But he is…
This week we got to see critical SEC filings showing holdings of many key and influential investors. Included in these filings were billionaire George Soros, a billionaire whom is loved by some and much…
On Tuesday we’ll get to see earnings out of Whole Foods Market Inc. (NASDAQ: WFMI). The estimates from First Call are $0.36 EPS on $2.42 billion in revenues. Next quarter estimates are $0.34 EPS…
Tuesday we’ll get to see earnings out of Wal-Mart Stores Inc. (NYSE: WMT). The estimates from First Call are $1.02 EPS on $106.9 billion in revenues. Next quarter estimates are $0.74 EPS on $92.29…
After the market closes on Tuesday we’ll get to see earnings out of Hewlett-Packard Co. (NYSE: HPQ). The estimates from First Call are $0.81 EPS on $27.59 billion in revenues. Next quarter estimates are…