Wachovia downgrades Boeing Company (NYSE: BA) to Market Perform. Lowers valuation range from $51-54 to $38- $40. Wachovia analyst says, “Given the declines in traffic, financing and overall aircraft demand, we expect BA…
Douglas A. McIntyre These are the top pre-market analyst downgrades or negative calls we have seen from Wall Street this Wednesday morning: Apollo Group (APOL) Cut to Neutral at Baird. Banco Santander (STD) Cut to…
On CNBC’s Stop Trading segment today, Jim Cramer said that he ran the worst case scenario on all of the DJIA components, and the worst level he can come up is 5,320. …
Hyundai is now the most successful car company in the US and it has the numbers to prove it. It has come up with a way to sell cars to people who…
According to Reuters, the White House is finishing a bank rescue package , that involves investment by private equity. Reuters reports that a poll of analysts cut Q2 earnings forecasts. Reuters reports…
Continuing jobless claims rose by 159,000 in the week ended Jan. 17 to a seasonally adjusted 4.78 million, the most since the government’s records began in 1967. The number of unemployed people…
Losing money and announcing layoffs is becoming more and more routine. That holds true even for DJIA components. The Boeing Co. (NYSE: BA) posted a $56 million loss for its Q4 period…
Douglas A. McIntyre Boeing Co. (NYSE: BA) has decided that it wanted to get into the business of pink slips. The aerospace and defense giant announced that it plans to shed some 4,500 workers. The…
Douglas A. McIntyre People who get to the end of 2008 and are still at work can be thankful. The unemployment rate will probably be over 7%. That does not count the people no longer…
According to Reuters, retail sales will probably drop further after the holidays. Reuters reports that the shock waves of the Madoff scandal are spreading around the financial world. Reuters writes that the…
These are some of the top pre-market analyst downgrades or negative calls on Wall Street we have seen this Monday morning: Alcatel-Lucent (NYSE: ALU) Cut to Underperform at Jefferies. AU Optronics (NYSE:…
According to Reuters, the auto bill died in the Senate and there will be no more action this year. Reuters reports that the Bank of America (BAC) will cut as many as…
Boeing (BA) is moving up the list of worst managed US companies at lightning speed. It went through a nice long strike with its machinists, which it settled after two months. Then…
Douglas A. McIntyre According to Reuters, car company executives went before Congress and pleaded for billions of dollars. Reuters reports that governments are bracing for a long crisis ahead. Reuters reports that Paulson says the…
According to Reuters, a bailout of US car companies gained support in Congress as GM (GM) and Chrysler said they needed money immediately to stay in business. Reuters reports that Merrill will…