Big bank HSBC (HBC) will take a $3.4 billion charge "I think the thing that’s emerged in the third quarter is that the housing market deterioration is beginning to have a broader impact, both…
According to Reuters, executives at Ford (F) say that they see a tough US market and will cut production as necessary. Reuters reports that Northern Rock received an injunction from the publication of memos…
Markets in Asia were up sharply. The Nikkei rose 2.5% to 15,500. Canon (CAJ) rose 4.5% to 5,600. Mitsubishi Motors rose 6.1% to 210. NEC (NIPNY) rose 3.4% to 522. Softbank rose 6.7% to…
The Associated Press writes "billionaire investor Nelson Peltz submitted an offer to buy Wendy’s International Inc. (WEN), but the proposed price is below what he previously said the nation’s third-largest hamburger chain is worth,…
CNN Money reports "the chaos in the mortgage markets is only going to get worse in 2008 and will put a dent in U.S. mortgage bank earnings, according to a report released Tuesday by…
Xcel Energy’s (NYSE:XEL) 345-kilovolt transmission line along with two major 115 kV lines will deliver the power into the Minnesota High voltage transmission grid allowing delivery of the power from the Fenton Wind farm…
Prudential Financial, Inc. (NYSE:PRU) has declared an annual dividend for 2007 of $1.15 per share of Common Stock, which represents an increase of 21% percent over the 2006 dividend. But perhaps even more importantly,…
Affymetrix (NASDAQ:AFFX) was a bit of a puzzling stock today when we saw it had hit a 52-week low after a proposed $250 million convertible note offering. After the near-10% haircut, this has a…
Aca Capital (ACA) S&P cuts rating after big loss. Drops to $1.60 from 52-week high of $16.55. Quebecor World (IQW) Refinances company, brings on new debt. Falls to $4.12 from 52-week high of $14.79.…
Cisco Systems Inc. (NASDAQ:CSCO) has traded under $30.00 since its earnings report, and 24/7 Wall St. wanted to compare and contrast this drop to a prior trough from years before. Cisco Systems saw its…
It would be fair to assume that a number of frightened customers are leaving E*Trade (ETFC) for other brokerage firms. but there is not much solid evidence of how fast that is taking place.…
E-Commerce sales for the first month of the holiday season, October, showed a modest increase of 19% to $8.4 billion (excluding travel). The categories that drove online sales were video games and consoles, which…
SIRIUS Satellite Radio Inc. (NASDAQ:SIRI) announced that its stockholders voted to approve an amendment to its certificate of incorporation and the issuance of SIRIUS common stock to accomodate its merger with XM Satellite Radio…
Irony, they name is Wall St. Bank of America (BAC) shares are up 3.3% on news that the firm will take a write-down because it "has suffered a $3 billion loss stemming from its…
A company called Initiate Systems Inc. has filed to come public in a share sale worth up to $75 million for filing purposes. Goldman Sachs is the lead underwriter, with CIBC World Markets as…
Google (NASDAQ:GOOG) already announced the Open Handset Alliance for its free and open platform Android for mobile devices. But today, Google is releasing an early look at the Android SDK for developers interested in…
Goldman Sachs (GS) is trading up 6% on word from its CEO that the firm "does not expect to take any significant asset write-downs," according to Reuters. There have been rumors that Goldman might…
Countrywide (CFC) said "it funded 48 percent fewer home loans in October than a year earlier," according to Reuters. The news agency said Countrywide said it funded $22 billion of home loans in October,…
Zecco Holdings (zecco.com) announced this morning that it has secured an additional $25 million in new funding from a number of current and new investors, bringing the total capital raised by Zecco to up…
LIN TV Corp. (NYSE:TVL) has announced the launch of its own dedicated LIN TV Channels on YouTube, giving Google (NASDAQ:GOOG) another hosted "Old Media" feather in its cap. This partnership is said to reflect…