Washington Mutual (WM) Mortgage company in bad environment. Down to $19.72 from 52-week high of $46.38. Capital One Financial (COF) Big financial loss. Down to $50.05 from 52-week high of $83.84. Fannie Mae (FNM)…
American International Group. (AIG) today reported that its net income for the third quarter of 2007 was $3.09 billion or $1.19 per diluted share, compared to $4.22 billion or $1.61 per diluted share in…
The following commentary is what we took out of context rather than verbatim. The following comments were all given by Cisco Systems’ (NASDAQ:CSCO) Chairman & CEO John Chambers, and we tried to focus on…
First Solar (NASDAQ:FSLR) is trading so well after-earnings that it might be thought of as "First Stellar." The solar company posted net income of $46.0 million, or $0.58 EPS after a $0.09 tax benefit. …
News Corp (NWS) reported first quarter consolidated operating income of $1.05 billion, up 23% as compared to the $851 million reported a year ago, primarily as a result of double-digit percentage increases at the…
John Chambers & Co., A.K.A. Cisco Sytems (NASDAQ:CSCO), has just posted earnings. The networking and data communications giant posted revenues of $9.6 Billion, and non-Gaap earnings of $2.5 Billion. Non-GAAP EPS came in at…
Tonight is the Cisco Systems (NASDAQ:CSCO) much awaited earnings conference call, and this will likely set the tone for tech stocks. Estimates from First Call are still $0.36 EPS on $9.54 Billion in revenues.…
Fuel-Tech (NASDAQ:FTEK) is being defended by Lazard Capital after the net earnings miss yesterday. Analyst Sanjay Shrestha, Managing Director & Senior Analyst, Alternative Energy & Industrials, maintained a BUY rating and a $33 price…
Those who believe that the newspaper industry is going the way of the Dodo and buggy whip and can’t conceive that enhanced online versions of papers can ever do especially wellought to pay a…
The big rally in Yahoo! (YHOO) did not last long. Modest earnings and excitement about its 40% stake in Alibaba took the shares from $26.55 in mid-October to $33.99 at the end of the…
Geron Corp. (NASDAQ:GERN) is trading up in pre-market activity on news that would have been much more eagerly received back in the emergence of stem cell news. Geron announced that data shows its human…
The TImes of London is reporting that eBay (EBAY), the US online auction giant, is being touted as a bidder for its smaller UK rival QXL Ricardo after the British dotcom survivor confirmed today…
Blue Nile (NILE) trading up almost 10% after earnings. CDC Corp.’s (CHINA) China.com subsidiar signed an advertising contract with Giant Interactive Group (GA), one of China’s leading online game developers. Devon Energy (DVN) $1.55…
Allstate (ALL) raised to Buy from Hold at Citigroup. Archer-Daniels Midland (ADM) raised to Neutral at Credit Suisse. Assured Guaranty (AGO) raised to Neutral at JPMorgan. Camden Property (CPT) raised to Outperform at Credit…
General Motors Corp. (NYSE:GM) is trading down sharply after disclosing huge charges last night. The auto giant posted $43.1 Billion in quarterly revenues GM does note that ongoing challenges in the U.S. mortgage market…
General Motors Corp. (NYSE:GM) is trading down sharply after disclosing huge charges last night. The auto giant posted $43.1 Billion in quarterly revenues GM does note that ongoing challenges in the U.S. mortgage market…
The FT says that the "super-fund" to bail out financial instruments tied to mortgage-backed securities may be dead. Speaking about the fund to the paper: “As far as we can see, it appears dead…
The term "perfect storm" is overused by writers who have no other way to describe a disaster. Leaving that aside, the news from the last day would appear to indicate that a recession is…
Time Warner (TWX) announced that in the third quarter, Revenues rose 9% over the same period in 2006 to $11.7 billion, led by growth at the Cable, Filmed Entertainment and Networks segments. Diluted Income…
Just when it appeared that there could not be much more bad news in the financial sector, new information shows that there will be over $200 billion in broken buy-out deals this year. That…