Below are some of the news items affecting shares of biotech stocks: Alnylam Pharmaceuticals Inc. (NASDAQ: ALNY) is enjoying upgrades after a positive earnings release Thursday. The company’s partnership with Swiss drug maker Roche…
We have been watching Micron Technology, Inc. (NYSE: MU) for quite some time. We even listed it as a "turnaround that hadn’t turned" and we have noted how the company is in a strange…
No one in his right mind would be happy about the slide in Google’s (NASD: GOOG) shares this year. They are now off 27% on an earnings report that Wall St. did not like…
This morning Amazon.com (NASDAQ: AMZN) has announced that it is retiring debt and will buy back common stock. Bezos & Co. has authorized a debt repurchase program that it may repurchase, redeem or retire,…
The head of Deutsche Bank (NYSE: DB) said the US could be driven into a deep recession if the muni insurace companies including MBIA (NYSE: MBI) and Ambac (NYSE: ABK) fail. The CEO said…
Goldman Sachs is making a change to its CONVICTION BUY LIST this morning. The firm is adding CIGNA (NYSE: CI) and dropping WellPoint (NYSE: NYSE: WLP) from the list. Both stocks are still maintained…
Below are some of the key general calls we are looking at in early pre-market trading: Anglogold (NYSE: AU) downgraded to Neutral from Buy at UBS. Cephalon (NASDAQ: CEPH) downgraded to Underperform at Morgan…
The World trade Organization actually ruled in favor of the U.S. over the European Union having tariffs on bananas. This may actually lead to million of dollars in commercial sanctions. The E.U. can still…
Is Sears (SHLD) getting a little low on cash? A bunch of analysts think so. The cash balance that Sears showed in its last financial statement was a bit light. According to The Wall…
VMware, Inc. (NYSE: VMW) has already taken its hit from the earnings expectations getting high enough that the stock just couldn’t hold up to expectations after a monumental IPO. There is always a key…
Just as unstable Venezuelan president Hugo Chavez thought he was making off with $12 billion in Exxon assets the world largest oil company got him into court. The Exxon property was being taken as…
The US Congress is nervous about sovereign funds from places like China and the Middle East owning too many US banks and financial companies. Some how these firms are "strategic assets" which need to…
Ethanol is supposed to be good for the environment. It throws off less greenhouse gas that carbon-based sludge like oil and coal. OPEC has even asked the US to slow down development of alternative…
Perhaps Steve Jobs has a relative as The Justice Department. The four largest music labels including Warner Music (WMG), Universal, and BMG want to band together and start a music download operation called Total…
The merger of Alcatel and Lucent was lame-brained from the start. It joined two weak companies in a troubled industry which includes also-rans like Nortel (NT). It is an ugly group of firms which…
According to Reuers, Exxon (XOM) won a court order freezing $12 billion of its assets in Venezuela. Reuters writes that Congress has passed an economic stimulus package and sent it to Bush. Reuters writes…
Many markets in Asia were closed for a holiday. The Nikkei dropped 1.4% to 13,017. NEC dropped 2.9% to 401. Sony (SNE) dropped 1.9% to 4,620. Toyota (TM) dropped .3% to 5,880. Data from…
It appears that Internet audience measurement service comScore Inc. (NASDAQ: SCOR) is being treated roughly on its guidance after earnings this evening. The company just posted revenues of $25.3 million, compared to its $25.0…
Idearc (NYSE: IAR) Big earnings miss mugs shares, Down to $11.21 from 52-week high of $38. Infineon Technologies (NYSE: IFX) German company posts weak numbers. Sells off to $7.89 from 52-week high of 18.74.…
Alcatel-Lucent (NYSE: ALU) will report earnings tomorrow morning. By now we have seen almost every large technology company either say cautious things going forward, or we’ve seen their stocks get hammered over fears of…