Media Digest 10/22/2008
According to Reuters, disappointing earnings pushed Wall St. down. Reuters reports that Yahoo! (YHOO) profits dropped and the company will cut jobs. Reuters writes that Kirk Kerkorian sold part of his Ford…
According to Reuters, disappointing earnings pushed Wall St. down. Reuters reports that Yahoo! (YHOO) profits dropped and the company will cut jobs. Reuters writes that Kirk Kerkorian sold part of his Ford…
The market did not expect much from Apple’s (AAPL) earnings. The shares closed the regular session off 7% to $91.49. It got even worse. After hours, the stock was off again by…
Apple (AAPL) is not the best stock. Google (GOOG) is. Or, maybe it is a tie. Apple will release its earnings into the jaws of one of the great economic slowdowns in…
According to Reuters, Japan markets were higher on a broad government bailout plan. Reuters reports that Merrill Lynch (MER) will cut 500 trading jobs. Reuters writes that low retailer prices and competition…
Tuesday is going to look like it is a true earnings bogey for the entire economy with major industrials and other companies which are representative of the strength or weakness of the…
According to Reuters, a number of retailers are cutting back holiday hiring as they anticipate lower sales. Reuters reports that GM’s (GM) interest in Chrysler’s cash is helping move a merger forward.…
Nokia (NOK) is a great company for two reasons. It has been run so well that it has nearly 40% of the global cellphone business even though it is headquartered in an…
JPMorgan has come out with some changes in its technology and imaging sector today. The firm wants to be defensive right now with steady revenue streams and steady margins. It is cautious…
Intel (INTC) said it loved its past and hated its future. The Age of Romance must be over. These sentiments are supposed to be the other way around. The world’s largest chip…
According to Reuters, economic attention has now turned to the recession. Reuters reports that a new survey shows that half of all workers are worried about their jobs Reuters reports that unions…
At the coroner’s inquest about the dead deal for Microsoft (MSFT) to buy Yahoo! (YHOO) it became clear the Redmond got the best of it. For reasons which investors are not likely…
According to Reuters, the US is looking at guaranteeing billions of dollars of bank debt and temporarily insuring all bank deposits. Reuters reports that Citigroup (C) has ended talks about taking over…
Jim Cramer wants people to sell all of their stocks. Even though the market may keep falling, that might not be a practical solution for everyone. There are several things investors can…
Google (GOOG) may never make money on its $1.65 billion purchase of YouTube. Selling advertising next to all of that low-resolution video of people beating their dogs and dancing drunk on their…
According to Reuters, US markets fell to five-year lows. Reuters writes that Wells Fargo (WFC) could end up with over 75% of Wachovia;s (WB) deposits. Reuters reports that Morgan Stanley’s (MS) deal…