Kirk Kerkorian used to be considered "smart money". He wears a dunce hat now that Ford (F) is back near $2. According to Reuters his investment firm, Tracinda Corp., has sold all…
Douglas A. McIntyre These are some of the key analyst downgrades and negative calls we have seen this Tuesday morning: ADTRAN (ADTN) Cut to Neutral at Baird. Allianz (AZ) Started as Underperform at Jefferies. Cypress…
Toyota (TM) has been poised to become the preeminent global car company for sometime. Its worldwide production passed GM’s (GM) in the first half of the year. It is well ahead of…
These are some of the top pre-market analyst downgrades and negative calls we are seeing this Friday morning: American Axle (AXL) Cut to Sell at Deutsche Bank. American Express (AXP) Started as…
The Nasdaq and NYSE have all sorts of rules about what a company has to have in terms of total shareholders, stock price, and balance sheet ratios to get listed. Both operations…
According to Reuters, the House passed a $14 billion bailout bill. Reuters reports that according to Mastercard (MA) retail sales fell sharply in November. Reuters writes that Congress criticized Treasury over its…
It may be old school but for every action their is an equal and opposite reaction. Take the auto bailout. It turns out that creating a car czar with special powers over…
Earlier reports had the $15 bailout framework as being reached as a conceptual agreement between the House of Representatives and the White House. In other words, in theory. But now fresh reports…
No matter how far down bank stocks go and how hard regulators try to keep short sellers out of financial shares, some of the smart money is willing to gamble that the…
According to Reuters, The Tribune Company filed for Chapter 11. Reuters reports that Congress and The White House are close to a bill that would give Detroit modest loans. Reuters reports that…
Cutting jobs is one thing. Going out of business is another. As it becomes clear that millions of jobs will be lost by companies which are weak but will probably make it…
"Ecce Auto" (Behold the car). With that back of the hand brush off, the 110th US Congress just left the future of the American auto companies to be worked out next year…
Czar Nicholas II is not available due to his untimely demise, so Congress and the administration will have to find someone else to act as the "car czar", the role of making…
Thornburg Mortgage (TMA) was just suspended from trading on the NYSE. Its price has been below $1 for too long. It trades at $.24. Extraordinary, because it 52-week high is $140.50. Losses…
The latest and one of the most bizarre aspects of the decision of whether the US government will make loans available to bailout Detroit is the battle over which federal agencies can…
