According to Bloomberg, the debt implied in the credit ratings of Merrill Lynch (MER), Goldman Sachs (GS), Lehman (LEH), and Bear Stearns (BSC) is akin to "junk" status. "Prices of credit-default swaps based on…
Shares of Alcatel-Lucent (ALU) are down over 8% in European trading, as they should be. After the much heralded merger, the integration of the two companies has been a disgrace. Revenue in the second…
Markets in Europe were up sharply at 6 AM New York time. The FTSE rose 1.6% to 6,306. Barclays (BCS) was up 2.1% to 695. BHP Billiton (BHP) was up 2.6% to 1439. GlaxoSmithKline…
Sun Microsystems (SUNW) will be up today. Up big. After hours, the stock move as much as 11% on the plus side. That took them to $5.40, still well below their 52-week high. Over…
According to Reuters, a groups lead by an internet entrepreneur is still pressing it case to buy Dow Jones (DJ). Reuters writes that Alcatel-Lucent”s (ALU) loss for Q2 was greater than expected. Reuters reports…
Markets in Asia were mixed The Nikkei fell .2% to 17,249. NTT (NTT) was down 1.3% to 518000. Toyota (TM) was down 1% to 7,200. The Hang Seng rose 1.5% to 23,090. China Petroleum…
Cameco Corp. (NYSE:CCJ) did something interesting, and it’s a move that most companies do when they aren’t happy about a reaction to a news release. This morning the company issued earnings at $0.55 EPS,…
On tonight’s MAD MONEY on CNBC, Jim Cramer said he is going at least address the doomsday scenario in the financial markets even though he doesn’t think it is reality. This would be the…
Sun Microsystems (NASDAQ:SUNW) posted earnings of $0.09 EPS GAAP and $3.835 Billion in revenues. Estimates were $0.05 EPS and $3.84 Billion revenues, but the GAAP EPS also had soem charges in it. We have…
The UAW negotiations with GM (GM), Ford (F), and Chrysler (DCX) has awakened a sleeping dog. Why isn’t Toyota unionized in the US? The media is filled with data on how much pension and…
On today’s STOP TRADING segment on CNBC, Jim Cramer was at least happier today than last week since the market stabilized. Cramer said he’d buy Honeywell (NYSE:HON) as one that belongs in the same…
Whole Foods Market Inc. (NASDAQ:NASDAQ) has much more than just earnings to deal with this week. The company is expected to report earnings and revenues on Tuesday at $0.33 EPS and $1.54 Billion, according…
Overstock.com (NASDAQ:OSTK) will report earnings before the market open on Tuesday, and fortunately its ‘bound to be entertaining’ conference call is late morning at 11:00 AM EST. This one is thinly followed and has…
Buffalo Wild Wings reports earnings after the close on Tuesday, with a conference call to follow. First Call puts expectations at $0.22 EPS on revenues of just under $78 million. Wall Street has gotten…
Shares of SIRIUS Satellite Radio (NASDAQ:SIRI) are trading up roughly 2% a day ahead of earnings, and this is likely due to a somewhat stabile market after last week’s market slide. The satellite radio…
GlaxoSmithKline (GSK) wants everyone, including the FDA, to know that its diabetes drug Avadia is "safe and effective when used appropriately." Almost everyone else thinks that the drug increases risk of heart problems. A …
EXCO Resources (NYSE:XCO) plans to file a registration statement this quarter for an IPO for essentially all of its market capitalization to from a master limited partnership (MLP). According to the company’s press release,…
ValueClick Inc. (NASDAQ:VCLK) is probably hoping that Main Street can find more value in the stock with its shares down 20% pre-market. On Friday evening, the company expedited its earnings release date to this…
Everone knows Crocs, Inc. (NASDAQ:CROX) by now. Its meteoric stock rise is nearly unprecedented in modern footwear stocks. The company is acquiring a competitor this morning by the name of Bite Footwear. Bite has…
American Mortgage (AHM) is down 45% in the pre-market to $5.75. The stock has a 52-week high of $36.40. And, things could get worse. According to The Associated Press "The company said some of…