Dell (DELL) is not up this morning. Most investors thought it would be. The company reported preliminary results for its second quarter of fiscal year 2008, with revenue of $14.8 billion, operating income of…
A number of home mortgage and home building stocks including Beazer (BZH) and Countrywide (CFC) are up ahead of President Bush’s speech on what he will do to improve the sub-prime mess. Of course,…
A blog on CNET reports that Yahoo! (YHOO) is pushing into the social network with a product called Kickstart. The new site wil, among other things, connect college students with people at companies where…
According to The New York Post, Apple (AAPL) intends to enter the ringtone business, which has been highly lucrative for cell carriers in Europe and Asia. It is talking to several music publishers about…
The huge Japanese cell carrier NTT Docomo (DCM) is investing in a large WiMax deployment in that country. Japanese ADSL provider Acca Networks will be its partner. Docomo has a number of ways to…
The New York Post reports that Amazon (AMZN) will launch its online music store in September. All of the music publishers who hate Apple (AAPL) must be heartened by the news. Douglas A. McIntyre
The Justice Department seems satisfied that Microsoft (NASD:MSFT) is abiding by its 2002 deal not to act like a huge monopoly laying siege to all of its smaller competitors. Several state attorneys general do…
Markets in Europe were higher at 6.40 AM New York time. The FTSE rose .6% to 6,248. BP (BP) was up 1.4% to 558.5. Rio Tinto (RTP) was up 2% to 3372. The DAXX…
Almost 300 CEOs are getting letters from the SEC. They include the heads of American Express (AXP), GE (GE) and Coca-Cola (KO). The agency wants more details on how their compensation is determined. This…
NBC has told Apple (AAPL) that it will not renew its long-term deal with the iTunes store. The GE (GE) unit is "the No. 1 supplier of digital video to Apple’s online store, accounting…
The nice thing about the management at Toyota (TM) is that they tell their rivals ahead of time how badly they are going to crush them. The big Japanese car company says it will…
McGraw-Hill (MGP) sacked the head of its S&P unit on the theory that the ratings agency should have seen sub-prime problems coming sooner and downgraded pools of the mortgage-backed securities. It might have saved…
Business Week has run a brief feature article on Ariad Pharmaceuticals (NASDAQ:ARIA) in its "Inside Wall Street" magazine section and noted that the company’s partner Merck (NYSE:MRK), has "deep pockets." Unfortunately it only spells…
According to Reuters, Bush will outline a plan to help holders of sub-prime mortgages. Reuters writes that Dell (DELL) topped Wall St. estimates but sees costs drops slowing. Reuters writees that Freddie Mac (FRE)…
Markets in Asia were up shareply. The Nikkei rose 2.7% to 16,569. Honda (HMC) rose 4.4% to 3820. NEC (NIPNY) rose 3.8% to 547. NTT (NTT) rose 2.9% to 538000. Sony (SNE) rose 5.5%…
Coldwater Creek (CWTR) Week numbers for women’s apparel company. Down to $12.85 from 52-week high of $31.25. Chico’s FAS (CHS) Apparel retailer reports poor earnings. Down to $15.35 from 52-week high of $27.94. Energy…
Dell (DELL) closed up today. Its shares were up over 2% to $28.36. The company then reported preliminary results for its second quarter of fiscal year 2008, with revenue of $14.8 billion, operating income…
Merrill Lynch downgraded Wal-Mart to a "sell" this morning, more humiliation for a management that has already proven that "if it can go wrong, it will go wrong". In the Merrill research note, quoted…
The new Sony (SNE) Walkman will not be a home run. Apple’s (AAPL) iPod has taken care of that. But, Sony management believes that the new version of its very old product will lift…
Coldwater Creek (CWTR) does not sell the most expensive women’s clothes, but it does market to the 35+ age group and to spas. So, not cheap stuff. But, the company reported crummy earnings anyway.…