The FDIC issued its report for the fourth quarter of 2010. The number of institutions on the FDIC’s “Problem List” rose from 860 to 884. Total assets of “problem” institutions increased to $390 billion…
The Congressional Budget Office is supposed to issue a quarterly report on the American Recovery and Reinvestment Act which is the centerpiece of the Administration’s efforts to right the economy. The report for the…
Brent crude rose $6 to $113 on worries about Middle East contagion. (Reuters) GM (NYSE: GM) is likely to post its first annual profit since 2004. (Reuters) An effort by shareholders to get Apple…
Not even a promise from Saudi Arabia’s oil minister to make up any production shortage caused by the unrest in Libya and Algeria is enough to hold down the rise in crude oil futures.…
Libyan strongman Col. Mu’ammar Gaddafi, who today vowed to die a martyr as pressure mounts on him to leave office after 40 years, was supposed to be mellowing with age. The West thought his…
A new forecast shows that car sales will drop in February from January when measured by the Seasonally Adjusted Annualized Rate. The February number will translate into an SAAR of 12.5 million cars and light…
Shareholders of Frontier Oil are displeased about its merger with Holly Corp. It would be more accurate to say that Holly is making an acquisition for $2.9 billion. Shareholder class actions suits have already…
Active traders and day traders have many stocks to choose from this Wednesday morning. We are tracking news and moves in shares of Conexant Systems, Inc . (NASDAQ: CNXT), DirecTV (NASDAQ: DTV), Standard Microsystems (NASDAQ: SMSC), and Vertex…
Updated throughout the day. NASDAQ may make at bid for NYSE (NYSE: NYX) (various) Apple (NASDAQ: AAPL) will release its iPad 2 on March 2 (Reuters) The SEC will launch a probe into private…
24/7 Wall St. has decided to investigate where inflation has the greatest potential to damage the economy. There is plenty of ground to cover. It is clear that the cost of agricultural commodities, metals,…
Hulu’s management may not have admitted it already, but the company is about to be irreparably damaged by new initiatives to stream premium content to the home. The first was launched over a year…
The Apple (NASDAQ: AAPL) iPad was launched last April and sold three million units in 80 days. Apple sold 7.33 iPads in its fiscal first quarter. There are a number of reports that Apple…
There was not a bit of good news in the S&P/Case-Shiller data about the housing market for the last quarter of 2010. The National Index was down 4.1% from the same period last year.…
Nasdaq OMX may bid for the New York Stock Exchange (NYSE: NYX) (Reuters) Oil reached a 2 1/2 high on Middle East concerns (Reuters) Hewlett-Packard (NYSE: HPQ) made a grim forecast for 2011 and…
Best Buy (NYSE: BBY) just issued another piece of nasty news. It will close its nine branded stores in China. It is another in a series of signs that the electronics retailer is in…
The Conference Board reported that consumer confidence rose to 70.4 in February from 64.8 in January. Consumer evaluation of the present situation rose to 33.4 — the highest level since November of 2008 — from…
The company which received the most negative press today is Borders Group which has not only declared Chapter 11 but is in the process of closing 200 stores. Google (NASDAQ GOOG) ranks second because…
“Data through December 2010, released today by Standard & Poor’s for its S&P/Case-Shiller. Home Price Indices, the leading measure of U.S. home prices, show that the U.S.National Home Price Index declined by 3.9% during…
Active traders and day traders have many stocks to choose from this Tuesday morning. We are tracking news and moves in shares of BHP Billiton (NYSE: BHP), Chesapeake Energy Corporation (NASDAQ: CHK), Clinical Data, Inc. (NASDAQ: CLDA), Forest…
Once upon a time, Cisco Systems, Inc. (NASDAQ:CSCO) founders Ben Bosack and Sandy Lerner wanted to email each other from their respective offices located in different buildings at Stanford University but were unable to…