The big US companies with the weakest prospects have sold off by as much as 50% over the few months. But, because some of them have powerful brands, large customer bases, and reasonable long-term…
Sen. Charles Schumer and the rest of Congress are making a painfully slow but purposeful rush to save the economy from recession. It is a shame the the actions will come at least quarter…
According to Reuters, BHP Billiton (BHP) is lining up more bank financing in its bid to buy Rio Tinto (RTP). Reuters writes that the GE (GE) jet engine backlog in China has hit $5…
Markets in Asia fell sharply. The Nikkei fell 3.9% to 13,326. Docomo (DCM) fell 4.6% to 165000. Toyota (TM) fell 3.6% to 5260. The Hang Seng dropped 5.5% to 23,819. China Life (LFC) fell…
If a company like Merck (MRK) is going to overcome problems with a lot its drugs going "off patent" it is going to have to come up with some new ways to make money.…
Apple’s iPhone only sold 190,000 units through exclusive UK reseller O2 according to the FT. Gartner had estimated sales might be 350,000 to 400,000. The handset went on sale November 9. Douglas A. McIntyre
From Silicon Alley Insider A tipster believes Yahoo has created a list of 1,500-2,500 jobs that may be eliminated in the next two weeks. CEO Jerry Yang will reportedly make the decision to go…
China is admitting a recession in the US would be a significant enough drag to badly damage its exports and undermine its GDP growth. "If U.S. consumption really comes down, that’s bad news for…
Rio Tinto (NYSE:RTP) could take a sweetened bid from miner BHP Billiton (NYSE:BHP). Up until now, RTP have told investors that a deal is not possible. Rio Tinto’s shareholders are probably exerting some pressure…
Merrill Lynch (NYSE:MER) sold the city of Springfield Mass a financial instrument which lost 90% of its value. According to The Wall Street Journal "Merrill violated state law by not properly informing the city…
Eddie Lambert has been a bust as a retailer. He may be fine at running a hedge fund, but due to his large holding in Sears (SHLD), that distinction may be shaky as well.…
Google (GOOG) lost a little bit of its prized search share in December according to Nielsen. Compared with November numbers, Google’s piece of the US market fell from 57.7% to 56.3%. Microsoft’s (MSFT) part…
Markets continued to reel as investors took a chainsaw to the third trading week of 2008. Gold faltered and oil continued to pull back from the hundred-dollar high. On Thursday, Ben Bernanke said some…
On tonight’s MAD MONEY on CNBC, Jim Cramer said he is sticking with his "buy cheap and oversold tech stocks" theme. The one he likes the best right now is Microsoft (NASDAQ: MSFT). This…
Sprint (S) Lay-offs and weak subscriber numbers. Falls to $8.15 from 52-week high of $23.42. Under Armour (UA) Weak forecast kills shares. Drops to $26.52 from 52-week high of $73.40. Seagate (STX) Wall St.…
Monday is a market holiday in observance of Martin Luther King Day in the U.S. But after that we have an earnings deluge with hundreds of companies issuing their earnings. For the bulk of…
NPD released its monthly video game data showing that December video game spending increased 30.9% from December 2006. What is interesting is that software sales of game titles were up 36%, while hardware in…
Sprint’s (S) shares are now down by more than half from their 52-week high, trading at $9.35 compared to $23.42. The company’s market cap has fallen to under $27 billion, less than one time…
Advanced Micro Devices (NYSE: AMD) showed an earnings report yesterday that wasn’t full of any great news, but the good side of it was that it wasn’t as bad as many would have guessed. …
There was one small bit of good news last night out of Symatec (NASDAQ: SYMC). The data security and storage leader announced that it was actually selling a unit. San Francisco-based private equity firm…