Verizon (VZ) is trying to take business from cable companies like Comcast (CMCSA) and Time Warner Cable (TWC) using its new $23 billion fiber-to-the-home project. The cable guys are trying to take business from…
Markets in Europe were down sharply at 6.10 AM New York time. The FTSE fell .9% to 6,338. Barclays (BCS) was down 3% to 691. BP (BP) was down 2.2% to 545.5. BT (BT)…
Wal-Mart (WMT) has signed a deal with Facebook that will allow college roommates to use the social network to help decorate their dorms. The users will take a quiz and then match-up their tastes…
Google (GOOG) has announced that people who have written content used in Google News of subjects covered in articles in the service will be able to comment on the content. It is a mad…
Toyota (TM) is the hybrid company. The Prius is the hybrid car. The Japanese car company has used that reputation to build a hybrid business in the US that no domestic company can match.…
Blockbuster (BBI) bought Movielink, a premium video content download service owned by several Hollywood studios. The price was rumored to be $20 million. The move is almost certainly two years too late. In 2005,…
According to Reuters, BNP Pariba suspending three funds due to sub-prime problems in their portfolios. Reuters writes the net income and sales rose at News Corp (NWS). Reuters reports that Wal-Mar (WMT) will use…
Markets in Asia were mixed. The Nikkei rose .8% to 17,171. Canon (CAJ) rose 1.1% to 6490. Docomo (DCM) rose 2.9% to 176000. Toyota (TM) fell .5% to 7270. The Hang Seng fell .1%…
American International Group, Inc. (NYSE:AIG) posted earnings ahead of estimates with $1.64 EPS on $31.15 Billion, which compares to First Call estimates of $1.61 EPS & $30.1 Billion revenues. On an adjusted basis, the…
News Corp’s (NWS) interactive unit made money last quarter, driven by advertising and search revenue at MySpace. For the quarter ending June 30, the entire company had net income of $890 million up 24%.…
Uranium Resources, Inc. (NASDAQ:URRE), the speculative uranium explorer and miner, has made several executive change decsions today. The stock has been up most of the day and shares are still up more than 8%,…
Jupitermedia (NASDAQ:JUPM) reports earnings after the close. The stock is actually up 11% today and it hasn’t yet reported. First Call estimates are $0.04 EPS on revenues of just over $36.2 million, and next…
Cablevision (CVC) announced earnings today. The most notable piece of news was that Verizon’s (VZ) FiOS fiber-to-the-home business is affecting cable subscriptions at about the rate that Cablevision has been projecting for some time,…
Ford’s (F) Alan Mulally told an industry conference that the company should be profitable again in 2009. At about the same moment, GM (GM) was saying the its was revising its 2007 production targets…
Fiserv’s (NASDAQ:FISV) proposed cash buyout of CheckFree (NASDAQ:CKFR) for some $4.2 Billion, did at least make some CheckFree shareholders whole again. The $48.00 cash buyout price is actually a ‘takeunder’ if you purchased CheckFree…
If private equity is really dead, then why did a $21.7 Billion private equity fund just get closed upon. The Blackstone Group (NYSE:BX) has sent out notice that today was the final closing of…
If you have watched the infrastructure stock news this week, you will know most of these companies have beat earnings expectations and the industry isn’t seeing any major weakness ahead. Fluor (NYSE:FLR) posted $1.05…
There has been a lot of press about Conde Nast’s Portfolio magazine. The magazine publishing giant wants something to compete with Fortune and Forbes. A lot of the early reaction has been negative. Recently,…
Hansen Natural Corp. (NASDAQ:HANS) is gapping up pre-market after the company exceeded earnings estimates. The company was expected to post $0.36 EPS on $217.65 million in revenues, but the 54% revenies gain put results…
(ABTL) Autobytel -$0.12 EPS vs -$0.16 est.(AGU) Agrium $1.70 EPS vs $1.58 est.(ALLT) Allot -$0.01 EPS vs $0.01 est.(BNI) Burlington got an additional 1.6 million shares purchased by Berkshire Hathaway, about a 5% add…