Credit Suisse (NYSE: CS) cut 2,000 jobs as the bank’s results faltered (Reuters) Investors tried to move to safe investments as a default became more likely (Reuters) A new Boehner plan will reduce the…
The U.S. Postal Service is considering the closure of 3,653 retail offices — that’s one out of every ten in the country. Much of the conversation has focused on the effects this action will…
Six days before the United States will have insufficient funds to pay all its creditors, Republicans and Democrats have yet to reach an agreement on how to avoid default and obviate a momentous downgrade…
by Paul Kiel, ProPublica, July 27, 2011, 1:07 p.m. GMAC, one of the nation’s largest mortgage servicers, faced a quandary last summer. It wanted to foreclose on a New York City homeowner but lacked…
Prior to its earnings release after markets close today, First Solar, Inc. (NASDAQ: FSLR) has issued two press releases touting the current and future performance of its thin-film cells and modules. Neither will have…
As the debate continues over raising the US debt ceiling, market reaction has been reasonably muted, most likely because in the entire history of the US no such occasion has ever before arisen. And…
Boeing Co. (NYSE: BA) reported second quarter EPS of $1.25 this morning, crushing the consensus estimate of $0.98. The company also beat the revenue estimate of $16.47 billion, posting quarterly revenue of %16.54. Boeing…
Active traders and day traders have many stocks to choose from this Wednesday morning. We are tracking news and moves in shares of Cisco Systems, Inc. (NASDAQ: CSCO), Illumina, Inc. (NASDAQ: ILMN), Level 3 Communications (NASDAQ: LVLT),…
Twitter has, by most estimates, 225 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million…
Most American believe two things about the economy: One is that the recession never ended; The other is that the problem with the deficit will add to the country’s economic woes. A new Gallup…
With the U.S. Postal Service possibly closing 3,653 facilities, much of the conversation has focused on the effect the action will have on the rural mail system. The actual list shows otherwise. What stands out…
The trend among short sellers for the last two months is that they gamble against shares in the weakest public companies. Perhaps they sense that an economic downturn or U.S. debt default will undermine…
The lunacy of the behavior of Congress and the White House has made the decisions of what investors, companies and local governments, which depend on the nation's Aaa rating, should do all the more…
Many economists believe it is too late for the U.S. to keep its Aaa rating (Reuters) Electronic Arts (NASDAQ: ERTS) posted better-than-expect earnings (Reuters) Analysts are concerned that slow holiday sales of electronics will…
Americans often say they eat unhealthy foods because the healthy alternatives are more expensive. For consumers willing to put in a little bit of effort, however, healthy, fresh foods are inexpensive and available. One…
When HCA Holdings Inc. (NYSE: HCA) came public again in March, the shares priced at $30, and the company raised about $3.79 billion, and set a record for a private-equity backed IPO. HCA did…
As an industry, the oil field services sector is doing very well. Its P/E ratio for the trailing twelve months is 36 and its price/book ratio is 6.0. With a few exceptions, including Weatherford…
In October 2007, shares of bulk carrier DryShips Inc. (NASDAQ: DRYS) traded as high as $124/share. The share price today is less than $4/share, but that is not stopping the company from making an…
After markets closed yesterday, solar PV maker SunPower Corp. (NASDAQ: SPWRA) released a preliminary report for its second quarter and the news was not pretty. SunPower has been a high-flyer in the solar sector…
Active traders and day traders have many stocks to choose from this Tuesday morning. We are tracking news and moves in shares of Baidu, Inc. (NASDAQ: BIDU), Broadcom Corporation (NASDAQ: BRCM), Fundtech, Ltd. (NASDAQ: FNDT), Netflix, Inc. (NASDAQ:…