Merrill Lynch (MER) announed that it had improved its capital position by reaching agreements to issue $6.6 billion of mandatory convertible preferred stock in private placements to long-term investors, primarily from Korean Investment Corporation,…
The worst part of the recession cycle is beginning. News from several big sectors like retail, housing, and automotive has already turned bad. In the last two days, Sprint (S) and GM (GM) have…
After Citigroup (C) and Merrill Lynch (MER) have announced their earnings, Wall St. will probably see what it expected. The estimates for write-offs, lay-offs, and new capital infusions are already out there. Tech sector…
Apple’s (AAPL) big annual product show, Macworld, is beginning. Usually Steve Jobs announces some important new set of products. MarketWatch writes that Jobs may introduce a "small, ultra-portable version of the MacBook laptop computer."…
According to Reuters, the National Retail Federation and its members are preparing for a slow year. Reuters writes that the FCC has cleared Google (GOOG) to bid in the upcoming auction of wireless spectrum.…
Markets in Asia fell. The Nikkei was off 1% to 13,973. KDDI was up 2.4% to 808000. NEC was down 2.4% to 441. Sony (SNE) was off 2.2% to 5910. The Hang Seng fell…
On tonight’s MAD MONEY on CNBC, Jim Cramer came out with a positive tease early on in the contract research organization sector (CRO’s) as it pertains to drugs, biotech, and medical research. He thinks…
On tonight’s MAD MONEY on CNBC, Jim Cramer said that after IBM (NYSE: IBM) raised its numbers that was just the excuse to rally tech as it was and oversold. he noted, "Nothing was…
According to The Wall Street Journal Citigroup (C) is "expected to announce a sizable dividend cut, cash infusion of at least $10 billion and write-down of as much as $20 billion in mortgage-related investments."…
From Silicon Alley Insider Verizon has apparently done a good job designing and building its "FiOS" bundle of digital TV, super-fast Internet access, and phone service: It took the top spot in Consumer Reports’…
It’s official. Fidelity’s Magellan Fund (FMAGX) is being re-opened for new investors. This fund at one point in 1997 became so large that the fund closed itself to new funds and outside investment commitments. …
Genentech (NYSE: DNA) just announced its earnings were $0.69 EPS on $2.96 billion for the last quarter, and First Call had estimates pegged at $0.67 EPS on revenues of $2.97 Billion. The company has…
Harman (HAR) Cuts forecasts and that cuts stock price. Falls to $42.88 from 52-week high of $125.13. Tiffany (TIF) Even the rich are being pinched. Down to $32.84 from 52-week high of $57.34. Coach…
Shares of ImaRx Therapeutics (IMRX) are off 15% to $1.18. The company’s news about it Transcranial Ultrasound in Clinical SONolysis clinical trial in patients with acute ischemic stroke disappointed the market a little over…
Genentech (NYSE: DNA) is set to report earnings after the close today. First Call has estimates pegged at $0.67 EPS on revenues of $2.97 Billion. This will also mark the end of the fiscal…
Citigroup (NYSE: C) is set to report earnings tomorrow morning. While this will be the first of the big money center banks and financial conglomerates to officially report earnings, the actual earnings may be…
Now that Microsoft (MSFT) and the EU seems to have come close to settling differences on the Window Media Player, the government body is back after Redmond again. According to Reuters "a European Union…
This morning we have another ETF being launched that is quite sector specific. Van Eck Associated has listed the Market Vectors Coal ETF (NYSE: KOL). While we have noted some ETF’s being too focused…
Terex Corp. (NYSE: TEX) is seeing a double plus good reaction this morning. This weekend’s version of Barron’s noted a solid long-term opportunity in shares of the company AND it is making an acquisition.…
Apple (AAPL) may be releasing an ultra-thin notebook at MacWorld. According to Macrumors it will have the unlikely name "MacBook Air." Maybe Michael Jordan will be there. Douglas A. McIntyre