Alcoa (AA) is up 60% from its 52-week low, and rallied strongly into today’s close, moving up another 2%. But Alcoa announced second quarter 2007 income from continuing operations of $716 million, or $0.81…
Reuters (RTRSY) is starting a financial blog network. The benefits for the participating sites are: Recognition: By becoming part of Reuters Blog network you will join one of the largest and most trusted news…
Not many hours after Johnson & Johnson (JNJ) announced its $10 billion share buy-back, ConocoPhillips (COP) decided it would not be bested. It announced a $15 billion share repurchase program of its own. The…
In a sign that it is still struggling as competition emerges for it major drugs Procrit and Risperdal and that its stent business is still troubled by safety concerns, Johnson & Johnson (JNJ) announced…
Unlike most counties, China’s top websites are not Yahoo! (YHOO) and Google (GOOG). According to a new Asia internet study by comScore, two of the top three sites in China are Baidu (BIDU), the…
After Lexmark (LXK) told Wall St. that it would miss second and third quarter numbers, the stock dropped about 10% to $45 after hitting a 52-week low of $43.50 earlier in the day. It…
Alnylam Pharmaceuticals (ALNY), an RNAi therapeutics company, has signed a huge license with Roche which could be worth as much as $1 billion The small company had total revenue fo $26 million last year.…
Excitement about EMC’s (EMC) IPO for its virtualization software company VMWare has already helped push the storage company’s stock from just over $10 to over $18. And, VMWare received a significant vote of confidence…
BIDU downgraded to hold at Citi. Wachovia lowers earnings estimates at INFY. AFT announces revenue for Q2 will be below Wall St. consensus. ISIS upgraded to strong buy at Needham. XFML says revenue will…
Reuters writes that International Energy Agency is predicting that demand for oil will keep increasing until 2012 while production falls. According to the report’s authors: "Either we need to have more supplies coming on…
Think Equity has downgraded Yahoo! (YHOO) to "accumulate" and dropped its price target to $32. New CEO Jerry Yang did not even get to warm his new seat. The research firm is concerned that…
After seeing its June sales in the US fall 21% and its marketshare here fall to an all-time low, GM (GM) picked up some sales in Europe. GM’s Europe sales in June rose over…
Bear Stearns Upgrades PCAR to outperform. Think Equity downgrades YHOO to accumulate. LXK cuts guidance for Q2. TEVA upgraded to outperform at Bear Strearns. ESV downgraded to underperform at Credit Suisse. GOOG target upped…
The New York Times reports that editors at Dow Jones (DJ) are worried that they will lose their jobs if News Corp (NWS) or some other rich parent does not buy the company. Falling…
It would be tempting to think that Sony (SNE) is cutting its PS3 price in reaction to hardware problems with the Microsoft (MSFT) Xbox. But, the decision is probably due to the fact that…
According to Reuters, a dispute between Airbus and GE (GE) could delay the launch of the Airbus 350. Reuters writes that Boeing (BA) will unveil its 787 after recently receiving a number of new…
Markets in Asia rallied with the Nikkei hitting a seven-year high. The Nikkei rose .7% to 18,252. KDDI fell 1.3% to 900000. NTT (NTT) fell 1.1% to 544,000. Toyota (TM) rose .5% to 7830.…
Moody’s is unleashing an attack on private equity, The ratings company obviously does not want to be accused of missing a blow-up if buy-out deals which took on too much debt cannot cover the…
Dow Jones (DJ) has decided that, instead of selling out to News Corp (NWS) right away, it will shop the company around. The first stop will be billionaire Ron Burkle who has been rumored…
John Dvorak over at MarketWatch has raised the issue of Microsoft (MSFT) being broken into pieces. He writes: "As things stand, Microsoft has become stodgy and rumpled." The idea of taking apart Microsoft is…