According to Reuters, gaps in controls at Societe Generale allowed a junior trader to make at $73 billion losing bet on European shares prices. Reuters writes that Countrywide’s (CFC) CEO will give…
Firestone. American Motors. Texaco. Pan Am. Worldcom. At one point or another these large American companies were at the top of their industries. Pan Am was the leading global airline for decades.…
Senior officials of the US Treasury Department are sneaking around Davos trying to get the managers of big sovereign funds from Asia and the Middle East to sign a code of conduct. …
Short interest on January 15 showed bets against financial shares listed on the NYSE climbed when compared to December 31 numbers. Shares short in Countrywide Financial (CFC) rose 32.5 million to 166.9…
More bad news for AMD (AMD). According to new IDC data, Intel’s (INTC) share of the PC market in Q4 07 went to 74.55% a year earlier to 76.68%. According to MarketWatch…
Advanced Micro Devices (NYSE: AMD) showed an earnings report yesterday that wasn’t full of any great news, but the good side of it was that it wasn’t as bad as many would…
Douglas A. McIntyre In any market, fools probably outnumber smart investor by a wide margin. Shareholders in dead pool tech firms like Sun (JAVA) and AMD (AMD) are not at the "high intelligence" end of…
According to Reuters, IBM (IBM) issued a strong forecast for next year. Reuters writes that Bush and Congress are looking at a $150 billion package to improve the economy. Reuters reports that…
Advanced Micro Devices (NYSE: AMD) posted a huge loss at -$3.06 EPS after a $2.89 charge. AMD’s operating GAAP loss was $1.678 Billion, but the company said its non-GAAP loss was -$9…
Douglas A. McIntyre After today’s close we’ll see earnings out of Advanced Micro Devices (NYSE: AMD). The estimates have gone from bad to ugly as problems have mounted with the company’s processors. Analysts are looking…
The wind blowing on Wall St. is perverse and racked with fear. Traders will turn vicious in the face of reasonable results. They will not even spare their own financial health. By…
Recessions are no good, no fun, and we are for all practical purposes in one. The government numbers just aren’t yet there. But if you are a CEO that was in trouble,…
Intel Corp. (NASDAQ: INTC) has just posted earnings. The processor and chip giant noted its EPS as $0.38 on revenues of $10.71 Billion. First Call had this quarter at $0.40 EPS on…
The worst part of the recession cycle is beginning. News from several big sectors like retail, housing, and automotive has already turned bad. In the last two days, Sprint (S) and GM…
According to Reuters, the National Retail Federation and its members are preparing for a slow year. Reuters writes that the FCC has cleared Google (GOOG) to bid in the upcoming auction of…
