CMGI Inc. (CMGI-NASDAQ) is down another 5% in trading today, yet it really is acting like it is just follow-on profit taking and more of a buyers-strike than it does anything overly ominous to…
We have noted that certain activist organizations may never be able to be appeased. That is life. Wal-Mart Watch is out with their criticisms against Wal-Mart (WMT-NYSE) today noting how many shortcomings the company…
Stock Tickers: PEIX, VSE, XNL, ADM, CLNE, ANDE, USBE, AVR With oil prices remaining high, with politicians noting ethanol ahead of the Iowa caucus, and with OPEC threatening no new development and exploration if…
ETF Tickers: TLT, ITB, IEF Some stock traders claim to be spooked by the thought of higher rates. The two consecutive negative days were partially on this, but today was the mark to watch. …
Paul McCartney could not save Starbucks (SBUX). His deal to distribute his music in the big coffee chain did it little good. It hit another 52-week low today at $28 But, perhaps the two…
Despite an earnings warnings out of Bed Bath & Beyond (BBBY) earlier this week and despite some perceived softness at Wal-Mart (WMT), there were actually some retail winners that posted strong same-store-sales gains above…
Biomet, Inc. (BMET-NASDAQ) has recived and accepted a higher buyout price for shareholders. The company announced that it has unanimously recommended to shareholders an increased offer from a private equity consortium to acquire Biomet…
After what was deemed a botched IPO, Ocean Power Tech. (OPTT-NASDAQ) has issued its first contract award press release since coming public. The company has been awarded a US $1.7 million contract from the…
(A) Agilent reiterated guidance after completing Stratagene buyout.(ADCT) ADC Telecom trading up 3% after posting $0.35 EPS vs $0.24 estimates.(ANN) Ann Taylor May s-s-s -4.6% versus -3.1% estimate.(ATVI) Activision will take $66.7 million non-cash…
In the last four weeks, sales at Wal-Mart stores rose only 1.3% compared to 3.5% for the same four week period last year. For the period, US net sales rose about 6% and international…
ASML raised to Outperform at Bernstein.CENT cut to Neutral at B of A.COBZ raised to Outperform at KBW.DCP raised to Outperform at CIBC.DGX raised to Buy at UBS.ECL raised to Buy at Jefferies.FNM raised…
Sony’s (SNE) game console arm is cutting jobs in the US after letting a bunch of folks go in Europe. As a rule, large companies do not let go of people when business is…
Markets in Europe are mixed at 6.35 AM New York time. The FTSE is up a fraction to 6,525. BHP Billiton was up 1.7% to 1285. GlaxoSmithKline (GSK) is up 1.5% to 1291. Vodafone…
Barron’s reports that the costs of the components in the AppleTV product are so high that the consumer electronics company does not make much. The product sells for $299. The cost of components is…
The attention of Wall St. types who want to break companies up to "unlock value" has turned to cell service giant Vodafone (VOD), the largest company of its kind outside China. A firm called…
NetFlix (NFLX) is last year’s business model. Send DVDs through the mail. It is better than having expensive stores like Blockbuster (BBI) does. But, having an online VOD system like the Amazon Unbox is…
Funny how none of the big media companies or ultra-savvy private equity firms and hedge funds are bidding for Dow Jones (DJ). Buying Chrysler seems to have less risk. But Brian Tierney, who took…
GlaxoSmithKline (GSK) thinks that it is being beat up on in the press. And now Congress is looking into whether the FDA has been aggressive enough in warning consumers about the risks of drugs…
According to Reuters, same-store sales at Costco (COST) were up 7% to May. Reuters writes that the game unit of Sony (SNE) is cutting jobs in the US and Europe as the PS3 faces…
Most markets in Asia were up slightly, but the Shanghai Composite rose 3% to 3,891. The Nikkei rose .1% to 18,053. Komatsu for 2.9% to 3540. NEC (NIPNY) fell 1% to 611. NTT (NTT)…