Siruis (SIRI) may be in the process of successfully reorganizing it balance sheet, but it is still up against what appears to be deteriorating retail store sales. According to a new 24/7 Wall St.–Channel…
According to Reuters, Allan Stanford was found in Virginia. Reuters reports that the stimulus is unlikely to fix state problems. Reuters writes that US consumer prices probably moved up in January.
Someone needs to take advantage of the collapse in retail real estate values. The prices for many locations are too good to be true. Best Buy (BBY) says it may get into…
Douglas A. McIntyre These are some of the top per-market analyst upgrades and positive calls we are seeing from Wall Street this Thursday morning: Best Buy (BBY) Raised to Overweight at Barclays. Chubb (CB) Raised…
These are some of the top pre-market analyst upgrades and positive research calls we are seeing from Wall Street this Wednesday morning: Baidu.com (BIDU) Started as Outperform at Bernstein. Best Buy (BBY)…
Deutsche Bank upgraded Best Buy (NYSE: BBY) today from Hold to Buy and boosted its price target from $28 to $40, saying the company should be one of the biggest beneficiaries of…
Douglas A. McIntyre These are some of the top pre-market analyst upgrades we have seen early this Thursday morning with more than two hours until the market opens: Activision Blizzard (ATVI) Started as Outperform at…
Microsoft Corp. (NASDAQ: MSFT) used to be a huge investor in telecom, media, and technology companies. A recent SEC filing shows that Microsoft no longer holds its previous stake reported in Comcast…
Today marks the official death of Circuit City Stores, Inc. All hopes of reviving or saving all or part of the company are gone. The company is now officially seeking approval from…
According to Reuters, Citigroup (C) has begun the process of breaking itself into pieces. Reuters reports that Chrysler is in deal talks about selling assets to Renault or Magna. Reuters reports the…
Several estimates from retail analysts predict the tens of thousands of retail outlets will close this year. Some put the number as high as 70,000 in the first half of 2009. Wall…
No one is his right mind is likely to be happy with the Best Buy (BBY) numbers for December. Same-store sales dropped 6.5%. Sales rose a modest 4% to $7.5 billion. The…
According the Reuters, December domestic cars sales were the worst month in years. Reuters writes that Toyota (TM) will cut plants. Reuters reports that Apple’s (AAPL) Jobs tried to calm investors about…
How can the worst retail holiday season in years get worse? It can become the worst holiday season since anyone kept accurate records. There have been signs for several weeks that e-commerce…
According to Reuters, Japan’s recession deepened as its exports fell sharply. Reuters reports that Ireland will spend $7.7 billion to bailout its largest banks. Reuters reports that Toyota (TM) will report its…
