One of the solutions for fighting the high price of oil is to increase the supply. That seems simple enough, but it is expensive, at least for oil companies. OPEC is not…
According to Reuters, Toshiba will drop its HD DVD format. Reuters reports that Blll Gates said Microsoft (MSFT) will target web search with or without Yahoo! (YHOO) Reuters writes that RIM (RIMM)…
Laszlo Birinyi of Birinyi Associates, Inc. is one of the more frequently watched portfolio managers by the public. The reason is not that he is one of the largest fund managers. But…
ConocoPhillips (NYSE: COP) hiked its dividend Friday, and not just by a penny. Its quarterly dividend was raised from $0.41 per quarter up to $0.47 per quarter. ConocoPhillips hiked its dividend a…
According to Reuters, Yahoo! (YHOO) is in talks with News Corp (NWS) about an M&A deal but analysts say it is unlikely to work. Reuters writes that Paulson thinks the US economy…
Venezuela president Hugo Chavez says he will not send anymore crude to Exxon (XOM). The most profitable US company has frozen $12 billion assets from the Latin American country’s state owned oil…
Douglas A. McIntyre According to Reuters, GM (GM) offered buy-outs to workers after posting a large Q4 loss. Reuters writes that Warren Buffett offered to insure $800 billion worth of bonds currently insured by monoline…
According to Reuters, Societe Generale will raise almost $8 billion at a large discount to its current stock price. Reuters writes that Hugo Chavez has threatened to seize foreign milk plants in…
Venezuela nut-case and president-for-life Hugo Chavez says no more oil for Uncle Sam. American’s most profitable company, Exxon (NYSE: XOM), has court cases pending to try to get reparations for assets taken…
Douglas A. McIntyre Just as unstable Venezuelan president Hugo Chavez thought he was making off with $12 billion in Exxon assets the world largest oil company got him into court. The Exxon property was being…
According to Reuers, Exxon (XOM) won a court order freezing $12 billion of its assets in Venezuela. Reuters writes that Congress has passed an economic stimulus package and sent it to Bush.…
It appears that record oil prices really are paying off for Exxon Mobil Corp. (NYSE: XOM). The largest company by market cap is reporting that it made some $11.66 Billion in quarterly…
Douglas A. McIntyre According to Reuters, Chinese mining group Chinalco and Alcoa (AA) have bought 12% of Rio Tinto (RTP) setting up a potential bid against BHP Billiton (BHP). Reuters writes that Motorola (MOT) is…
We are over half-way through earnings season now, but we still have four DJIA components set to report earnings this week. We’ve also provided a link here to see which targets are…
The market may be down 600 points today. If the selling picks up, it is hard to predict a bottom. There are a very few shares which should be a good defense…
