These are the top downgrades or negative calls we have seen this Wednesday morning from Wall Street analysts: American Express (AXP) Started as Sell at Banc of America; Started as Sell at…
According to Reuters, a bailout of US car companies gained support in Congress as GM (GM) and Chrysler said they needed money immediately to stay in business. Reuters reports that Merrill will…
General Electric Co. (NYSE: GE) is providing its scheduled GE Capital update. GE sees fourth quarter earnings at $0.50 to $0.52 EPS range rather than the $0.50 to $0.56 EPS range previously…
Douglas A. McIntyre According to Reuters, JP Morgan (JPM), Bank of America (BAC), and Merrill Lynch (MER) will cut a total of almost 20,000 jobs. Reuters reports that Boeing (BA) will sign a new deal…
Citigroup commented on General Electric Co. (NYSE: GE) ahead of tomorrow’s GE Capital webcast. The firm said the webcast could be a forum to lower its 2009 outlook. The analysts noted that…
Douglas A. McIntyre After the close of trading on Friday, General Electric Co. (NYSE: GE) filed an open shelf registration with the SEC which would allow it from time to time to sell securities. No…
Douglas A. McIntyre Most executives spend their careers trying to get noticed, both as a way to achieve promotion and to bolster their reputations which they hope will be remembered long after they retire. Mention…
According to Reuters, Citigroup (C) is weighing options including a sale. Reuters reports that oil moved to a three-and-a-half year low. Reuters writes that Fannie Mae (FNM) and Freddie Mac (FRE) are…
Verifone (PAY) JP Morgan cut rating. Drops to $2.38 from 52-week high of $48.61. Suntech (STP) Forecast below Wall St. estimates. Down to $5.60 from 52-week high of $90. Jones Apparel (JNY)…
After paying dearly for money from the likes of Warren Buffett, why would GE (GE) need more cash? It appears that the big conglomerate is looking, which may not be especially good…
Douglas A. McIntyre GE (GE) has guts. And, that may be what it takes to keep the company’s revenue and earnings growing. It is preparing to lend money to more and more customers who want…
Douglas A. McIntyre According to Reuters, Toyota (TM) cut production and Nissan was downbeat about its prospects. Reuters reports that if a new CEO at Yahoo! (YHOO) wants to be well-regarded by shareholders, he or…
General Electric Co. (NYSE: GE) looks like it is taking its previous reorganization a step further. In July, it announced it was bringing together its financial services businesses under a common umbrella. …
Douglas A. McIntyre The business principle of spreading risk makes sense unless it is only risk which is being spread with no hope for reward. GE (GE) has not made much of a case for…
Douglas A. McIntyre According to Reuters, Japan has fallen into a recession. Reuters writes that the top seven executives at Goldman Sachs (GS) will take no bonuses. Reuters reports that a poll showed that many…
