Yesterday, Credit Suisse said without an industry recovery in volume or patient insurance, Tenet Healthcare (THC) might be required to file for Chapter 11 bankruptcy protection in three years. The company’s stock promptly dropped.…
Barron’s rank an article last week saying that Comcast (CMCSA) is undervalued. The financial magazine quotes one money manager as saying "Comcast trades on a very low valuation, and investors need to wake up…
Over the last month, the S&P is off 2% and Apple (AAPL) is down 10%. Wall St. would think that in a bad market, AAPL would be one place to put money. The company…
Data out today show that Nintendo’s Wii has now sold 10.57 million units worldwide. That passes the Microsoft (MSFT) Xbox 360 at 10.51 million. The Wii was introduced after Xbox, so the numbers are…
A Boeing 737 burned in Tokyo, probably because a wing part punctured a fuel tank. The US government is asking that all 737s be examined for similar trouble. According to MarketWatch, "there are 783…
Markets in Europe were narrowly mixed at 6 AM New York time. The FTSE rose .4% to 6,124. Barclays (BCS) was up 1.8% to 599.5. Vodafone (VOD) was up .6% to 156. The DAXX…
Verizon (VZ) and AT&T (T) take note. The telecom companies in Europe are well ahead of the game in putting internet TV over their wires. According to The New York Times, Deutsche Telekom (DT)…
In terms of public relations, this has not been a banner month for China. Now, BMW and Daimler are claiming that a large Chinese car company is copying their models. Shuanghuan Automobile has models…
Home Depot (HD) got much less for its wholesale outfit than it had hoped and it had to guarantee part of the buyers’ debts. The company still plans to buy-back 550 million shares at…
Wal-Mart’s (WMT) shares are already near a 52-week low. But, now word comes, by way of The Wall Street Journal, the the financially hard-hit Hispanic communities in the Southeast US and Mexico are less…
According to Reuters, Isuzu and GM (GM) will increase their cooperation in South America to improve their share in the truck market. Reuters writes that Knight Capital (NITE) may have to refund fees collected…
Markets in Ais fell. The Nikkei was down 1.7% to 16,013. Sony (SNE) was down 2.8% to 5230. Toyota (TM) was down 2% to 6530. The Hang Seng fell 2% to 22,890. China Life…
Neurochem (NRMX) Continues to race for the bottom. On Monday, the company said its Alzheimer’s disease treatment candidate, Alzhemed, failed a late-stage trial. The NRMX says it has 15 to 18 months of cash…
When MySpace "founder" Brad Greenspan tried to buy Dow Jones (DJ) he suggested that the company could start a competitor to Yahoo! (YHOO) Finance. In his letter to the DJ board, he said Yahoo!…
A new medical study shows that people who take statins, cholesterol-lowering drugs, appear to be less likely to develope Alzheimer’s, one of the most damaging and fastest growing diseases. Pfizer’s (PFE) Lipitor is the…
It is very old news that Motorola’s handset business is broken, and, with competitors like Samsung, may never fully recover. In the June quarter, revenue for that business fell from over $7.1 billion last…
Biopharmaceutical company Xoma (XOMA) is having its luck day. After its stock traded down as low as $2.24, its shares are up almost 20% today on news that it bacterial cell expression technology to…
Tyco International Ltd. (NYSE:TYC) is one of those strange spin-off and restructuring stocks that has not done well since the company broke itself up. The Tyco Electronics (NYSE:TEL) and Covidien (NYSE:COV) stocks have also…
Google (GOOG) has signed an exclusive deal with Time Warner’s (TWX) CNN to use the search engine’s AdSense advertising program for text-based ads. According to GOOG: "Through this collaboration, the AdSense service places contextually…
(ADLS) Adbvanced Life Sciences gets orphan drug designation from FDA for its metastatic melanoma indicated treatment.(BCS) Barclays indicated down 2% pre-market on loss exposure to outside loans.(BNI) Burlington Nothern Santa Fe stake boosted by…