In Barron’s semi-annual Big Money Poll, institutional investors are asked about their two favorite stocks and also which shares are most overvalued. For the latest poll, 112 money managers responded. On the buy list…
Just when shares in Hewlett-Packard (HPQ), Dell (DELL), and Apple (AAPL) were doing so well, it appears that, in Japan, consumers are moving toward game consoles and smart phones for their daily digital needs.…
It now appears that Google (GOOG) will announced its new mobile phone product on Monday with its first US partners being T-Mobile and Sprint (S), according to Fortune. “Any device Google brings would be…
Dear Board of Directors at Citigroup, 24/7 Wall St. has made no secret since early December 2006 that Chuck Prince needs to go. Mr. Prince is not incompetent and he is not a crook,…
AIG’s (AIG) ancient former CEO Hank Greenberg is not happy with how the place is run. He shouldn’t be, but neither should any of the company’s shareholders. The stock is off 10% over the…
The UAW negotiations with Ford (F) went fast. The template was already in place from the deals with GM (GM) and Chrysler. There will be a fund set up so that the UAW can…
The U.S. Federal Reserve elected to again cut interest rates on its benchmark overnight lending rate, to increase liquidity and moderate the pain of the subprime mortgage lending crisis. While the move was widely…
Next week we have earnings out of John Chambers & Co., here is the preliminary preview. There were some major developments this last week ended November 2, 2007: FINANCIALS: Citigroup’s (C) Chuck Prince may…
Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK-A) posted reults after Friday’s close that are probably going to be hard to complain about, and not just because very few analysts make projections on the diversified insurance…
Former head and oustered Maurice "Hank" Greenberg according to an SEC filing is leading a campaign to do a total makeover at his AIG (NYSE:AIG). There is a problem besides the fact that Greenberg…
According to a report in The Wall Street Journal, Citigroup (C) CEO Charles Prince will offer his resignation at a board meeting on Sunday. There is speculation that the bank will have to take…
AMBAC (ABK) Bond insurance company dropping like a rock on fears that it has huge exposures to CDOs. Down to $21.62 from 52-week high of $96.10. Security Capital Assurance (SCA) Another bond insurance operation.…
This is the crus of the news regarding Global Warming and the public companies that made announcements over the last 36 hours: FPL Group (NYSE:FPL) chairman called the Climate Bill "Well intentioned but fundamentally…
NameMedia has filed to come public in a stock offering valued up to $172.5 million as far as the initial filing indications. Lead underwriters are indicated as Credit Suisse and Jefferies, and co-managers are…
Moody’s (MCO) give credit rating of "Aa1" to both Ambac (ABK) and MBIA (MBI). But, no one else on Wall St. seems to see it that way. According to Reuters "at Thursday’s close, Ambac’s…
This might not be that unusual for a volatile week during earnings season, but this was a fairly active week for share buyback news announcements. Some are new and some are continuations or expansions. …
Three days ago proxy advisory firm Glass, Lewis & Co. recommended shareholders of Sirius Satellite Radio (SIRI) and shareholders and XM Satellite Radio (XMSR) vote for a combination of the two satellite radio operators…
Sanjay Shrestha, Managing Director, Senior Analyst, Alternative Energy & Industrials at Lazard Capital Markets is maintaining his "BUY" rating on Itron Inc. (NASSDAQ:ITRI) after a big drop from earnings. The note discusses the lowered…
On Wednesday, November 7, 2007, Cisco Systems (NASDAQ:CSCO) will report earnings, and needless to say this will be perhaps the most important event next week. On last look, the First Call consensus was $0.36…
TheStreet.com (NASDAQ:TSCM) is making an acquisition that is moving away from investor news, research, statistics, and other content data. The content provider is acquiring Bankers Financial Products Corp., including BankingMyWay (www.BankingMyWay.com) and RateWatch (www.Rate-Watch.com).…