According to a story in The New York Times,several large oil exporters, including Mexico, may begin importing oil within the next five years. Growth of auto ownership and booming economies are driving huge demands…
Chinese banks will be required to 14.5% of deposits as reserves, up from 13.5%. The new rule will take effect on December 25. According to Bloomberg, the move will take $51 billion out of…
Chrysler is recalling over 575,000 vehicles. According to Reuters "long-term wear on the gear shift assembly could cause them to shift out of park without the key in the ignition." The move does no…
Smith & Wesson (SWHC) Particularly bad earnings report. Drops to $6.68 from 52-week high of $322.80. Macrovision (MVSN) Wall St. upset with takeover of Gemstar-TV Guide (GMST). Down to $18.60 from 52-week high of…
This was an active week in share repurchases, and many key stocks announced new buyback plans or gave updates to their buyback plans. Below are the key buybacks 247WallSt.com reviewed: Kenexa (Nasdaq: KNXA) announced…
James Tobin, the CEO of Boston Scientific (NYSE:BSX) is likely to find himself in front of the shareholder firing squad in 2008. In early 2004 this stock was above $40 and had enjoyed an…
If there is one thing you still hear about as being immune from a weak consumer and from any Christmas spending concerns it is that Nintendo’s Wii is in such high demand that the…
Smith & Wesson (SWHC) shareholders are having an awful day. The stock is off 28% to $7.10 and hit a 52-week low of $6.68. The period high is $22.80. Part of the reason is…
Macrovision (MSVN) says that it will raise $800 million as part of the financing for its buy-out of Gemstar-TV Guide (GMST). The market does not seem to like the debt or the deal. Macrovision…
National Semiconductor (NYSE: NSM) posted revenue of $499 million versus consensus $498.4 million and reported $0.33 EPS versus consensus of $0.31. The problem is that the February quarter end was guided down to -1%…
These aren’t the only analyst calls we are watching, but these are the top ten that 247wallst.com is reviewing: Activision (NASDAQ: ATVI) raised to Buy from Neutral at Piper Jaffray. Hansen Natural (NASDAQ: HANS)…
Markets in Europe moved higher at 6.15 AM New York time. The FTSE is up .9% to 8,542. Rio Tinto (RTP) was up 1.4% to 5660. Vodafone (VOD) was down .7% to 184.7 The…
It is no secret that Detroit makes its biggest money on SUVs and pick-ups. That is a huge problem. The US companies are launching smaller cars as fast as they can to try to…
Jamie Dimon, head of JP Morgan (JPM), predicts that there will be a large number of bank mergers, especially in the US and Germany. Dimon may be right. It makes sense for battered financial…
The November 30 short interest of NYSE traded stocks shows that the market is predicting a further drop in financial and tech stocks. The numbers compare to November 15, 2007. The short interest in…
According to Reuters, the former head of UnitedHealth gave up $400 million in stock options to settle chages with the SEC and the company. Reuters writes that the head of Rio Tinto (RTP) say…
Markets in Asia were mixed. The Nikkei rose .5% to 15,956. Kobe Steel rose 3.7% to 364. Pioneer rose 4.6% to 1122. Sony (SNE) fell 1.5% to 5910. The Hang Seng fell 2.4% to…
Palm, Inc. (NASDAQ: PALM) is perhaps becoming the poster child of "What Not To Do As A PDA/Smartphone Company." The stock is getting crushed again on yet one more warning. Palm now expects revenues…
When all the CEO’s and corporate officers are lumped together for playing down the sub-prime mess in the summer and for all the sub-prime loans that were made, one CEO is thought of as…
Another SIV has been bailed out by a major bank. Dutch bank Rabobank will move $7.6 billion of SIV assets onto its balance sheet. The SIV in question, Tango Finance, was co-managed with Citigroup…