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…
The price of many agricultural commodities rose more than 25% from June 2010 to December 2010, according to a recent World Bank study. There are several reasons that the report is alarming. The first…
When does time run out for Wal-Mart CEO Mike Duke? The stock market seems to believe he has done a good job. Wal-Mart’s stock trades at $55.38, about midway between its 52-week high and…
Moody’s put the rating of Japan’s debt on credit watch. The outlook was cut to “negative” from “stable.” The government of Japan’s current rating is Aa2. Moody’s said, “The rating action was prompted by…
Investors are concerned about whether Wal-Mart’s (NYSE: WMT) US store division has grown. (Reuters) Moody’s cut its outlook on Japan to negative due to concerns about whether government austerity measures will work. (Reuters) US…
The auction of Blockbuster’s assets began today with what the company termed a “stalking horse” bid. It was set at what might be a considered a low price–$290 million. The amount may actually be…
For once, a major credit ratings agency was not weeks or months behind making a downgrade of a worsening economic situation “Fitch Downgrades Libya to ‘BBB’, Negative Watch”, the agency reported. The downgrade reflects…