American Water Works Company submitted an amended IPO filing after yesterday’s market closed, and this is one we at 247WallSt.com have been looking forward to. The filing still shows a planned IPO for a…
There are some SEC filings out of online brokerage firm E*TRADE Financial Corp. (NASDAQ: ETFC) that shows quite a bit of insider transactions that took place on January 29. These were all insider acquisitions…
China’s Hang Seng Index is off almost 25% over the last three months. The S&P 500 is barely off 10% over the same period. A look at some of the components of the Hang…
Today we got our first look at Q4 2007 GDP, and this is the preliminary data that will see two revisions ahead. Q4 GDP just came in at +0.6%. Most estimates we saw were…
Schering-Plough Corp. (NYSE: SGP) is probably breathing a sigh of relief this morning after Merck’s earnings as it is partners with the drug giant on Vytorin and Zetia for cholesterol treatments. The combined Vytorin…
Boeing Co. (NYSE: BA) posted earnings of $1.36 EPS on $17.5 Billion in revenues for its fourth quarter. Estimates from First Call were $1.32 EPS and $17.33 Billion in revenues. Boeing is also making…
Merck & Co. (NYSE: MRK) has just posted earnings that may be a relief to many who were worried about recent Vytorin woes affecting 2008 numbers. The company posted EPS of $0.80 for Q4…
These are not the only research calls we are looking at in pre-market trading, although these are the initial calls that grabbed our attention early on: Canadian Solar (NASDAQ: CSIQ) raised to Outperform from…
Markets in Europe are down at 7.10 AM New York time. The FTSE is off .7% to 5,844. BP (BP) is off 1.3% to 526.5. Rio Tinto (RTP) is up 3% to 4,810. The…
Reuters is reporting that BHP Billiton (BHP) will improve its offer for Rio Tinto (RTP) and that the smaller company will open its books for review. Nice run for RTP shares. Douglas A. McIntyre
Ambac (ABK) and MBIA (MBI) figured they could improve their earnings by putting money into swaps and derivative instruments. For years they were not allowed to. They had to watch big banks and investment…
A report from the USA Today last night put Wal-Mart Stores (NYSE: WMT) in a partnership with Disney (NYSE: DIS) whereby Wal-Mart will sell more than 140 products based on Disney’s famed Hannah Montana…
There is no question about Fed Fun Futures showing a 100% chance of a rate cut at 2:15 PM EST today. The verdict awaited is whether we see a 50 basis point cut or…
Baker Hughes Inc. (NYSE: BHI) has announced its earnings for the fourth quarter 2007:. The oil services company posted net income of $400.5 million or $1.26 diluted EPS. This compares to $326.2 million or…
While economists and politicians may think Fed cuts and legislation can prevent a recession, the boss men at big multinationals have already prepared for the worst. A survey by Financial Executives International quoted in…
ClearWire Corp. (NASDAQ: CLWR) saw shares rise some 23% on Tuesday because of reports that newly-named Sprint Nextel (NYSE: S) CEO Dan Hesse has revived serious discussions with Clearwire. This would be a huge…
Web 1.0 started long before the Nasdaq crash of 2000. In 1995 companies like Yahoo! (YHOO) started to show up. So did Lycos, Geocities, Altavista, and Swtichboard. Most of those companies are gone now,…
As the selling of bank shares has fallen off, Wall St. has begun to believe that the worst of the global banking crisis is in the rear view mirror. Not likely. If investors are…
According to Reuters, the Fed is set to cut rates again to avoid a recession. Reuters writes that UBS (UBS) subprime losses increased driving the bank further into the red. Reuters reports that Honda’s…
Markets in Asia fell. The Nikkei was off 1% to 13,345. NEC fell 3.2% to 427. Docomo (DCM) rose 3.7% to 169000. The Hang Seng dropped 2.6% to 23,654. China Life (LFC) fell 7.4%…