Word is that Yahoo! (YHOO) Finance will begin an online business show which will compete with cable channels CNBC and Fox Business. According to TechCruch the show, to be called TechTicker, will go live…
This not all of the big stock news in pre-market trading on Tuesday evening, but these are some of the ones that 247WallSt.com is focusing on. Adolor (NASDAQ:ADLR) in pain treatment collaboration pact with…
Below are some of the key impact analyst calls from 247WallSt.com: Apollo Group (APOL) and Corinthian Colleges (COCO) started as Buy at B of A. Comcast (CMCSA) downgraded to Neutral at Goldman Sachs. Fannie…
Markets in Europe were up modestly at 7 AM New York time. The FTSE rose 1.3% to 6,397. BT (BT) is up 1.7% to 291.25. Rio Tinto (RTP) is up 1.7% to 5909. The…
The Dubai International Capital fund has $15 billion to invest. Temasek Holdings, Singapore’s state-owned investment company, just put $2 billion into a new investment vehicle in China. According to the IHT "the China Investment…
The new cost cuts at GM (GM) and Ford (F) are not going to help them with their debt service. Cash flow will be hurt by a combination of lower US car sales and…
OPEC appears to be ready to do nothing. It probably will not raise oil production despite pleas from Western countries and China to do so. The argument is that oil went below $90 on…
According to the FT, the board at Citigroup (C) tried to get Josef Ackermann, the head man at DeutscheBank (DB) to come to the US bank as CEO. He said no. There appears to…
A booming market in widgets makes most widget company management look good. It turns out to be the same with private equity. The people who run Blackstone (BX) looked like rocket scientists when almost…
According to Reuters, OPEC will probably keep oil output at current levels. Reuters writes that a goverment plan to help sub-prime borrowers will probably freeze their rates for five years. Reuters writes that Home…
Asia markets moved higher. The Nikkei rose .8% to 15,609. Casio rose 5% to 1393. NTT (NTT) rose 2.1% to 527000. The Hang Seng rose 1.6% to 29,345. China Petroleum (SNP) rose 4.3% to…
Covad Communications Group Inc. (AMEX:DVW) fell almost 5% today to aprice of $0.79 on double the normal trading volume. But shares fellalmost 10% on Monday to $0.83, on normal volume.Back on October 29, 2007,…
Cable companies are taking a beating, and Comcast (CMCSA) has cut some of it guidance, which will make matters worse. The firm said that reflecting an increasingly challenging economic and competitive environment and consistent…
Abbott Labs (ABT) which just launched a new stent product, Xience V, has laid off 1,200 people because of slowness in the stent market. Stranger than fiction. According to MarketWatch, Abbott says it expects…
Sohu (SOHU) is raising its guidance for the fourth quarter of 2007 for total revenue, which is now expected to be between US$55.5 million and US$57.5 million, an increase of US$2 million over previous…
It’s no secret that Fannie Mae (NYSE:FNM) has been in trouble, and this afternoon we just found out some more of what we have been expecting. The troubled GSC is cutting its quarterly dividend…
W Holding (WHI) Listing issues. Recently came out of SEC investigation. Drops to $.75 from 52-week high of $6.70. Phillips-Van Heusen (PVH) Weak earning outlook. Down to $36.65 from 52-week high of $82.19. AMD…
The American Stock Exchange launched trading in a new ETF today as the SPDR Lehman High Yield Bond ETF (Amex: JNK) by State Street Global Advisors. JNK uses a passive management strategy designed to…
We were quite interested in Amazon.com’s (NASDAQ:AMZN) upcoming product release for the new e-book reader, the Kindle. Interestingly enough it almost immediately sold out of its initial supply and gave its first website update…
4Kids Entertainment, Inc. (NYSE: KDE) must have gotten tired of seeing its stock hitting new near-term lows in its stock prices. The entertainment company which has the US rights to Yu-Gi-Oh ™ and rights…