Today’s best market rumors. Amazon (NASDAQ:AMZN) will buy a touchscreen company, Touchco. (NYTimes) Goldman Sachs (NYSE:GS) will defer or cut some bonuses in London (NYPost) The US may have underestimated job losses…
Reuters: Toyota (NYSE:TM) said it would have charges of $2 billion for recalls, but posted a profit last quarter and improved its forecasts. Reuters: Shell’s (RDS.A) profits fell sharply. Reuters: Sony (NYSE:SNE)…
Reuters: Volcker believes that banks should not be allowed to make risky trades. Reuters: Toyota (NYSE:TM) sales dropped after its recall announcements. Reuters: More US consumers are paying credit cards before mortgages. Reuters: …
Ron Burkle, a financier who is fond of raiding retail companies, plans to take a 37% stake in the nation’s largest bricks-and-mortar book seller, Barnes & Noble (NYSE:BKS). Burkle’s Yucaipa investment funds…
Reuters: Obama is looking for ways to cut the deficit. Reuters: Citigroup (NYSE:C) may sell its private equity group. Reuters: Toyota (NYSE:TM) will announce the fix for its gas pedals. Reuters: China…
Quarterly results at Amazon.com Inc. (NASDAQ: AMZN) beat even the company’s own high estimates for revenue and profits. A lot of that was due to the success of the company’s Kindle e-reader…
Shares in almost every major American company on the most active list fell and in some cases fell sharply on the 28th. The stock of Qualcomm (NASDAQ:QCOM), the largest handset chip maker in…
Reuters: Congress will probe the Toyota (NYSE:TM) recalls. Reuters: Samsung said chip and TV demand is strengthening. Reuters: Some AIG (NYSE:AIG) employees are open to cuts in retention pay.
Amazon.com Inc. (NASDAQ: AMZN) has just reported earnings of $0.85 EPS and $9.52 billion in revenues. Thomson Reuters had estimates of $0.72 EPS and $9.04 billion. The company sees $6.45 billion to…
Douglas A. McIntyre Today is effectively what we are penning as the crest of earnings season. Things have changed because of the sell-off seen this morning on options trader valuation and implied percentages. We tallied…
Jeff Bezos, the founder of Amazon (AMZN), does not want to see Steve Jobs, the co-founder of Apple (AAPL), take away the e-reader market with the new Apple iPad. The iPad does almost all…
These are this Wednesday’s top 10 analyst calls for upgrades, downgrades, and initiations seen in Wall Street research: AK Steel (NYSE: AKS) Raised to Buy at Goldman Sachs. Amazon.com (NASDAQ: AMZN) Raised…
The Apple (NASDAQ:AAPL) tablet computer is going to have an 10″ or 11″ screen, a touchpad key board, the ability to connect to WiFi or 3G networks to reach the internet. It…
Reuters: Hedge fund Loch Capital is losing customers because of ties to a witness in the Galleon case. Reuters: China GDP grew 10.7% in the fourth quarter. Reuters: Obama will target excessive…
Each year some large retailers face the fall-out of a weak holiday season. The problem was particularly acute in 2009 because the improvement from 2008 was modest if there was any improvement…