Moody’s downgraded the debt of Egypt, one of the few times a credit rating agency acted quickly to change an opinion on sovereign debt. Moody’s, Fitch, and S&P have been accused of being slow…
Barai Capital may be part of the insider trading investigation. (WSJ) Honda (NYSE: HMC) expects higher profits as its Q3 topped forecasts. (Reuters) A Florida judge could say that part of the Obama healthcare…
Reports have been around or months that Alpha Natural Resources, Inc. (NYSE: ANR) would acquire Massey Energy Co. (NYSE: MEE). Other suitors were mentioned, but Alpha was always at the top of the list,…
Egypt is a significant exporter of petroleum, cotton, and textiles which are all being driven higher by inflation. Egypt’s export level was $25 billion compared to a GDP of $500 billion in 2010. GDP…
ICE March Brent, the primary world measure of oil prices, rose to $99.63 which is an increase of over 2% for last week. Trouble in Egypt and expectations for a continued recovery in the…
It does not seem to matter that the government and much of the public are outraged over Wall St pay. It also does not seem to matter that Goldman Sachs (NYSE: GS) ran afoul…
Twitter has, by most estimates, 175 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…
Active traders and day traders have many stocks to choose from this Friday morning. We are tracking news and moves in shares of Amazon.com, Inc. (NASDAQ: AMZN), Infinera Corp (NASDAQ: INFN), and Terremark (NASDAQ: TMRK). Amazon.com,…
Updated throughout the day. Bank of America (NYSE: BAC) may pay a larger portion of its bonuses in cash (WSJ) Hedge fund manager John Paulson made $4 billion last year (WSJ) Sara Lee (NYSE:…
Americans who need jobs will take jobs other than the ones they desire. A new Gallup poll says that “Six in 10 unemployed Americans say the next job they get is not likely to…
There was more bad news about the view credit rating agencies have on the debt of large developed nations. Moody’s released a new Special Comment entitled “Evolution of Moody’s Perspective on the US Aaa…
There was nothing wrong with Amazon.com’s (NYSE: AMZN) quarterly results when they are viewed through the lens of the e-commerce company’s battle with the bricks-and-mortar sector. America’s largest retailers have begun to challenge Amazon,…
The IMF “Fiscal Monitor” and ratings agencies have both warned Japan and the US on their growing debt loads (Reuters) Ford Motor’s (NYSE: F) annual profit may be its largest since 2000 (Reuters) Bank…
When officials in Beverly, Mass., outside of Boston, calculated their snow removal budget for the year, they figured that $580,000 ought to be sufficient, a 33% increase from the previous year. It turned out…
Active traders and day traders have many stocks to choose from this Thursday morning. We are tracking news and moves in shares of 1-800-Flowers.com, Inc. (NASDAQ: FLWS), Netflix, Inc. (NASDAQ: NFLX), Micron Technology, Inc. (NASDAQ: MU), and Starbucks…
Updated throughout the day Sara Lee (NYSE: SLE) has no bid from Apollo and JBS SA (Bloomberg) After poor earnings Nokia (NYSE: NOK) may go through a restructuring (various) ‘Douglas A. McIntyre
The first thing that experts in the gaming industry will point out about the new Sony (NYSE: SNE) portable NGP video game console is that it cannot succeed in a market crowded by similar…
The Chinese government raised the level of the minimum down payment that its citizens must have on second homes to 60% from 50%. The People’s Republic authorities also said the local governments should put…
Standard & Poor’s reported that it had lowered its long-term sovereign credit ratings on Japan to ‘AA-‘ from ‘AA’. At the same time, S&P affirmed the ‘A-1+’short-term sovereign credit ratings. The outlook on the…
Microsoft’s (NASDAQ: MSFT) earnings will be hurt by slowing PC sales .(Reuters) Fannie Mae and Freddie Mac want to cut the dividend on their preferred shares. The money goes to the Treasury Department. (FT)…