Standard & Poor’s Ratings Services has raised its corporate credit rating on Amazon.com (NASDAQ: AMZN) to ‘BB+’ from ‘BB’. While this is still junk status, it is now just a notch under…
Douglas A. McIntyre Barnes & Noble (BKS), the No.1 bricks and mortar bookseller, is looking at a buy-out of No.2 player Borders (BGP). Neither company has done especially well as readers have turned to Amazon…
Douglas A. McIntyre In many homes, the TV is topped by a cable box, a DVR, a satellite box, a PC, a Slingbox, and an Unbox from Amazon (AMZN). Netflix (NFLX) thinks that television can…
Acording to Reuters profits at Apple (AAPL) rose but Wall St. did not like margins. Reuters reports that Starbucks (SBUX) cut its outlook due to the housing crisis. Reuters writes that Amazon’s…
For Amazon (AMZN) the performance can never be good enough. The firm posted a net sales increased 37% to $4.13 billion in the first quarter. Net income increased 30% to $143 million…
Douglas A. McIntyre According to Reuters, Yahoo! (YHOO) earnings met expectations. Microsoft (MSFT) indicated it would not raise its bid. Reuters writes that the price of corn and rice moved up sharply. Reuters reports that…
This is going to be an extremely busy week for earnings in all industries, but tech investors will have a foursome that they will be watching ever so closely. These four are …
One topic we cover at 247WallSt.com with regularity is share buybacks from major companies. While we are starting to see a slower pace in fresh buyback announcements compared to 2006 and 2007,…
With all of the carnage in the financial sector it would be hard to believe that any other group of stocks could have done worse. The technology sector claims that, for the…
The largest losers among the big companies in the S&P 500 for the first quarter were: Microsoft (MSFT) down 21.6%, Google (GOOG) down 36.7%, Apple (AAPL) down 27.8%, Intel (INTC) down 22%,…
Today we’ll see earnings out of Borders Group, Inc. (NYSE: BGP). The estimates from First Call are $1.42 EPS on $1.34 billion in revenues. Next quarter estimates are -$0.40 EPS on $759.44…
Douglas A. McIntyre New data from ChangeWave Research point to a huge drop in spending on consumer electronics. The most recent data was taken from a survey of 4,427 consumers between February 19th and 25th.…
Below are the top analyst upgrades and downgrades we are looking at this Tuesday morning: Altria Group (NYSE: MO) Started as Buy at UBS. Amazon.com (NASDAQ: AMZN) started as Buy at Canaccord…
According to Reuters, Google (GOOG) lost a key executive to Facebook. Reuters reports that losses at Credit Agricole were worse than expected Reuters reports that OPEC indicated that it would leave production…
News Corp’s (NYSE: NWS) MySpace social network which has about 110 million registered users is near a deal to offer music downloads. Instead of members paying for songs, they will be advertising…
