Citigroup (C) may look outside the US for its next CEO. According to The Telegraph, Royal Bank of Scotland CEO, Sir Fred Goodwin, "is understood to have been informally approached by Citigroup about taking…
It looked like things were getting better for the US car industry, but then along came higher fuel prices and the housing slump. Those UAW deals don’t look like such a big advantage now.…
Hugo Chavez, president of Venezuela, does not seem to be a stable sort, but he does have a flare for the dynamic. Opening the current meeting of OPEC, he threatened the the West saying…
Since Microsoft (MSFT) first launched its Zune portable multimedia player over a year ago, there has been no good news. Most research puts it in fourth place in sales among similar devices, way behind…
The head of TD Ameritrade (AMTD) today indicated that his firm might have an interest in buying troubled discount broker E*Trade. AMTD might get quite a deal "We like their retail business but we…
The FT is reporting that Merrill Lynch (MER) and Citigroup (C) are looking at partial IPOs of the retail brokerage units. According to the newspaper "brokerage businesses trade on much higher earnings multiples than…
We wanted to run some up and down scenarios for Starbucks now that the noise from the research calls have gotten out of the way and now that the post-earnings dust has settled. All…
Shares in Level 3 (NASDAQ:LVLT) soared today starting at about 2 PM. Shares ended up 13% to $3.19 on almost 66 million shares. News came out earlier in the week that Soros took a…
Quebecor (IQW) Printing company announces refinancing and get downgrades. Falls to $3.03 from $14.79 high. Virgin Mobile Usa (VM) Wider loss that expected. Falls to $8.07 from 52-week high of $15.69. Standard Pacific (SPF)…
Shares of discount retailer Big Lots (NYSE:BIG) are seeing shares get hit pretty hard in a crummy discretionary spending environment. The 2.1% drop to $19.98 is under the $20.21 52-week low, and that is…
Pardus Capital Management, which has taken a position in Delta (DAL), is going to push a merger with United (UAUA) by taking the proposal to other shareholders. Odd as it may seem, the meeting…
FedEx Corp. (NYSE:FDX) is seeing shares trade lower today on an earnings warning. Rapidly rising oil prices and a slowing economy with lower shipping volumes are unable to be entirely hedged. The air cargo…
Garmin Ltd. (NASDAQ:GRMN) decided to take the steps that insure its future is secure. The personal navigation device maker has signed a 6-year extension to the agreement with NAVTEQ (NYSE:NVT) (soon to be part…
Oil is back above $94 on the New York Mercantile Exchange. The market is assuming that gas consumption will stay strong on holida travel and that a cold winter will also keep demand high.…
Cisco Systems (NASDAQ:CSCO) is seeing a pop in pre-market trading. The network and data communications equipment giant announced that at its board of directors meeting, the board authorized up to $10 Billion more to…
Losses related to record U.S. home foreclosures using a “back-of-the-envelope” calculation may be as high as $400 billion for financial companies, Jan Hatzius, chief economist at Goldman (GS) in New York wrote in a…
These are not the only analyst calls moving stocks today, but these are the top calls that 24/7 Wall St. is focusing on: Activision (ATVI), GameStop (GME) and THQ Inc. (THQI) all cut to…
AMD (AMD) needs more money. It appears that it got about $700 million from Abu Dhabi’s Mubadala Development, accordiing to Reuters. The country that controls the fund is one of the world’s largest oil…
Gannett (GCI) is the largest newspaper chain in the US and its prized property, USA Today, is the largest paper by total circulation. It is a bad sign then that such a large company…
Markets in Europe were broadly lower at 6.10 AM New York time. The FTSE fell .7% to 6,317. Barclays (BCS) was down 2.2% to 519. Prudential (PUK) was down 2.6% to 658.5. The DAXX…