Share of Focus Media (NASDAQ: FMCN) down as much as 50% after attacks about the company’s financials made by short firm Muddy Waters, rallied 8% to $16.61 The firm announced it will continue purchasing…
Shares of Frontline Ltd (NYSE: FRO) fell 40% to $3.05, against a 52-week high of $28.14. The drop was blamed on “significant uncertainties linked to Frontline’s sustainability in the present form”, according to the…
Updated throughout the day Itochu may join KKR (NYSE: KKR) in Samson Investment bid of $7 billion (Reuters Bank of America (NYSE: BAC) will face regulator action if efforts to bolster its balance sheet…
Barron’s reports that Bank of America (NYSE: BAC) shares are back to where they traded at the bottom of the market in March 2009–$5.49. The Wall Street Journal reports that regulators may take action…
For years, experts have maintained that increases in unemployment and poverty result in rising crime rates. Data released earlier this year from the FBI show a marked decrease in the national violent crime rate,…
Congress continues to look for cuts to lower the U.S. budget deficit. The Postmaster General wants Congress to allow him to shave expenses from the Postal Service cost base to save money. Taxpayers will…
Demand is supposed to push gasoline prices higher as a holiday season approaches. The opposite is true this Thanksgiving week, and there is no ready explanation. The AAA Fuel Gauge shows the price for…
Hewlett-Packard (NYSE: HPQ) posts mediocre earnings but says it hopes to steady its businesses over the balance of the year. (Reuters) Store chains will have to offer large discounts to lure shoppers. (Reuters) Samsung…
Amazon.com (NASDAQ: AMZN) is supposed to thrash Walmart (NYSE: WMT) in sales increases this holiday season. That should make Amazon the better investment. Wall St. believes otherwise, though. Over the past month, shares in Walmart are flat, while those…
Yields on what Spain had to pay for $4 billion in debt reached record levels. That is similar to what happened to paper issued recently by France and Italy. Rising yields are a sign…
LDK Solar (NYSE: LDK) posted a quarterly loss of $.87. That compares to a loss of $.72 in the same period a year ago. Revenue fell from $499 million to $472 million, quarter over…
Postmaster General Patrick Donahoe said that Congress has fallen short of making any meaningful reforn to the postal system’s expense base. “Providing his first public commentary on postal reform packages, Donahoe argued for providing…
Focus Media Holding Limited (NASDAQ: FMCN) shares are down 50%. Short selling firm Muddy Waters put a “hold” on the shares. “The short seller said in a report today that Focus Media has overstated the…
Data from Piper Jaffray shows that Apple’s (NASDAQ: AAPL) App business brought deverlopers $3.4 billion in revenue so far in 2011. Revenue for developers of apps for Google’s (NASDAQ: GOOG) Android was only $240…
Travel website Orbitz released survey that said the busiest airports between November 23 and November 27 will be Los Angeles (LAX), Orlando, and Chicago O’Hare Orbitz Insider Index: Busiest Airports for Thanksgiving 2011(1) 2011…
Ace Hardware – Midnight Friday Enter to win a Craftsman 5-drawer Tool Center. A.C. Moore – 5 a.m. Friday Free $10 gift card to the first 50 customers. Bealls – Midnight Friday First 100…
The National Association of Realtors reports that Total existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 1.4 percent to a seasonally adjusted annual rate of 4.97 million in October…
Hewlett-Packard (NYSE: HPQ) shares are off $26.49. The company will report earnings after hours. They will be the released since Meg Whitman took over as CEO
Updated throughout the day Clearwire (NASDAQ: CLWR) may skip a major bond payment to preseve cash (WSJ) UBS (NYSE: UBS) may cut its bonus pool. (FT)
Moody’s warned that France is at risk for a downgrade in the credit rating agency’s outlook. This does not mean a loss of its AAA rating is imminent. It does mean that another eurozone nation…