Italian bonds yields drop. The Italian two-year note yield slid 53 basis points, after jumping 82 basis points yesterday. The level, a recent low, probably will not hold. Yields were well above 7% yesterday.The…
Many forecasts expect consumer holiday spending to rise this year. An equally impressive set of data forecasts that it will not. The difference in the two points of view shows how challenging it…
Sovereign debt crisis update. Some analysts claim the sovereign debt crisis in the eurozone has worsened in the past day. Others say it has gotten better. Each group is only guessing. Greece received the…
Best Buy Co. (NYSE: BBY) is facing yet one more tough reception of a company action after news that the electronics manufacturer is buying out its British partner of its U.S. mobile…
Barnes & Noble (NYSE: BKS) released its new Nook tablet e-reader. The company’s shares move higher by barely 1%. Wall St. must believe, as most analysts do, that the Nook will continue to be…
Dish Network Corp. (NASDAQ: DISH) came close to meeting consensus estimates on earnings and revenues, and in this case, close may be good enough. The company lost 111,000 subscribers in the third…
Wall St. has voted on how strong holiday sales will be this year. Shares of Best Buy (NYSE: BBY) and Target (NYSE: TGT) are down year to date. Walmart (NYSE: WMT) and…
Amazon.com (NYSE: AMZN) has set the price of the Kindle Fire so low that many analysts believe each unit sold will lose money for the e-commerce company. Amazon will offer free shipping…
The Federal Reserve cuts its forecast for employment and GDP growth. (Reuters) The expanding Greek debt problem will trouble the G20 summit. (Reuters) Groupon’s IPO may be a dollar higher than its…
Media producer Time Warner Inc. (NYSE: TWX) this morning posted adjusted EPS of $0.79 on $7.07 billion in revenues. Consensus estimates called for EPS of $0.76 on revenues of $6.97 billion. The…
In 1999, about 92% of $13.2 billion in home entertainment spending went to VHS tapes.That percentage fell to zero in 2009. In 2010, spending on DVDs, Blu-Ray discs, and streaming video totaled…
Greeks will vote on planned austerity, which could wreck the chances of a conclusion to the bailout. (Reuters) China’s PMI falls to the lowest level since early 2009. (Reuters) Chemical and defense…
Walmart (NYSE: WMT) will begin to cut hours at some of its 24-hour stores, a sign of flagging traffic as the holiday retail period begins. Walmart has been in the process of…
Updated throughout the day. Amazon.com (NASDAQ: AMZN) may launch the Kindle in China (Reuters) Research In Motion (NASDAQ: RIMM) will set up a surveillance network to track Blackberry messages in India (Reuters)…
Douglas A. McIntyre Markets opened higher this morning on renewed hope for a deal on Europe’s debt debacle. At a meeting of EU leaders, the group approved a 9% capital buffer to go into effect…
