Bank of America (BAC) says that its deal for buying mortgage-bank Countrywide (CFC) is on track despite the M&A target’s big fouth quarter loss. “Everything is a `go’ to complete this transaction,” Bank of…
Jim Cramer is going anti-tech, again, yet for entirely different reasons than when he said "dump tech" in January 2007. In January 2007, Cramer wanted to dump tech because of the seasonality of it…
Wal-Mart Stores, Inc. (NYSE: WMT) is doing something that hasn’t been seen in prior years: lowering prices considerably on thousands of items, but not during holiday season. These price cuts are as much as…
We are right in the thick of earnings season and below is a snapshot of some of the key earnings reports with price changes if available: Air Tran (NYSE: AAI) -$0.02 EPS vs -$0.02…
Countrywide (CFC) is trading up over 5% on its fourth quarter and full year earnings announcement. CFC reported a net loss of $422 million, or $0.79 per diluted share, for the fourth quarter ended…
These are not the only pre-market analyst calls that are moving stocks, but these are the calls that 247WallSt.com is focusing on: ADC Telecom (NASDAQ: ADCT) and Arris (NASDAQ: ARRS) raised to Buy at…
Markets in Europe were higher at 6.30 AM New York time. The FTSE was trading up 1.5% to 5,874. BHP Billiton (BHP) was up 3.1% to 1437. Imperial Tobacco was down 2.2% to 2319.…
The head of insurance regulation in NY State is busy as a bee trying to bail out Ambac (ABK) and MBIA (MBI). According to the FT "Eric Dinallo, the New York state insurance superintendent,…
McDonald’s (MCD) last quarter results were undermined by slow same-store sales growth in the US. It only took the world’s largest fast food chain a day to start to talk about China. China is…
Lenovo, one of the two large Asian PC companies with Acer, will report earnings that are likely to double for the latest reported quarter. That probably won’t happen at HP (HPQ) or Dell (DELL).…
The economic stimulus package coming from Congress and the Administration may not be in effect until well into the second quarter. There is already news that the Senate and House are having trouble finding…
According to Reuters, another Fed rate cut may stimulate the housing market. Reuters reports that profits at American Express (AXP) fell 10%. Reuters writes that McDonald’s (MCD) will open 150 outlets in China this…
Markets in Asia were mostly higher. The Nikkei rose 3% to 13,749. Honda (HMC) was up 3.8% to 3,260. NEC was up 4.5% to 441. The Hang Seng rose 1% to 24,292. China Netcom…
Liberty Media, the controlling shareholder of Barry’s Diller’s IACI (IACA) wants Mr. Diller to know that the company is not really his. Liberty has filed suit to take away Mr. Diller’s rights to vote…
BCD Semiconductor Manufacturing Ltd. has filed to sell its shares of its ADS in an initial public offering. The ADS’s to be sold in the offering are expected to be offered by the company. …
On tonight’s MAD MONEY on CNBC, Jim Cramer compared a great Nokia (NYSE: NOK) to a horrible Motorola (NYSE: MOT). Last week Motorola said mobile handset sales were down 38% last week and lowered…
PHENOMIX CORP. submitted an IPO filing last Friday. The filing shows for a sale of up to $86,250,000 in securities, although this number is merely for filing purposes. The underwriting group is listed as…
Zoran Corp. (NASDAQ: ZRAN) shares are getting hit hard in after-hours trading. The company posted earnings of $0.34 EPS, $0.02 better than the First Call estimate of $0.32. Unfortunately the good news stops there. …
VMware, Inc. (NYSE: VMW) has posted earnings of $0.26 non-GAAP EPS on $412 million in revenues. First Call had estimates pegged at $0.24 EPS and $417.37 in revenues. Even though this represents an 80%…
American Express Company (NYSE: AXP) has posted earnings of $0.72 EPS from continuing operations on revenues of $7.364 Billion net of interest expense. We had already been warned that this quarter was going to…