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…
These are the top pre-market upgrades and positive analyst calls we have seen from Wall Street this Monday morning: Altria (NYSE: MO) Raised to Overweight at JPMorgan. Best Buy (NYSE: BBY) Raised…
The home of "everyday low prices" took a bit of a hit today when it put out its earnings. It can not longer be called "recession proof", but it is still damn…
According to Reuters, Japan will supply money to the IMF. Reuters reports that Citigroup (C) is looking at buying Chevy Chase Bank. Reuters reports that the US may need to insure wholesale…
Over the last year, Google’s (GOOG) shares have dropped from $724.80 to just above $300. There is an argument to be made that they could go much lower, perhaps down to $250.…
Best Buy Co., Inc. (NYSE:BBY) has issued an earnings warning this morning. The electronics and home appliances retailer is noting a fall in consumer spending, driven by the recent turmoil in the…
Douglas A. McIntyre Today’s financial news headlines and stories are about how Circuit City (CC) is closing 155 stores in the hope of staying in business. The real story is in the fine print. Based…
Sears (SHLD) is already one of the weakest retailers in the US. Firms such as Wal-Mart (WMT) and Best Buy (BBY) have, in most cases, better merchandise, better store locations, and buying…
These are some of the early upgrades and positive calls we are seeing from Wall Street research analysts this Friday morning with about two and a half hours until the open: Bankrate…
These are some of the top analyst pre-market upgrades we are seeing early this Monday morning: Anadarko Petroleum (APC) Raised to Outperform at Oppenheimer. Apache (APA) Raised to Outperform at Oppenheimer. Applied…
Circuit City (CC) sacked the CEO who ran the company for the past four years. Philip Schoonover held every important job at the retailer from chairman to CEO to president. He was…
According to Reuters, the federal government bailed out AIG (AIG) The Fed will loan the insurance company $85 billion for two years in exchange for a 79.9% stake. Reuters says that Barclays…
According to Reuters, the markets will now turn their attention to AIG (AIG) which is struggling to survive. Reuters report that the Fed will probably hold interest rates steady and signal a…
According to Reuters, Washington Mutual (WM) fell 30% to a 17-year low. Reuters reports that billionaire Carlos Slim has bought 6% of The New York Times (NYT). Reuters writes that Northrop Grumman…
