According to Reuters, Yahoo!’s (YHOO) profit dropped 80% and it will cut 5% of staff. Reuters reports that Chrysler bondholders offered to swap some debt for equity. Reuters reports that Geithner says…
There have been some pretty poor reports on earnings from DJIA components such as Caterpillar Inc. (NYSE: CAT), The Coca-Cola Company (NYSE: KO), EI DuPont de Nemours & Co. (NYSE: DD), International…
Caterpillar’s (CAT) first quarter results are a pretty good sign that no one wants big earth movers or machines that can move a small city from one state to another overnight. Revenue…
Douglas A. McIntyre Layoffs at big companies are so common now that it is novel when a day goes by without Microsoft (MSFT), Caterpillar (CAT), or Macy’s (MC) letting thousands of people go. There are…
Caterpillar Inc. (NYSE: CAT) reported some absolutely atrocious numbers for its January orders on deliveries for its machinery and engines lines of business. This equipment is mostly sold through independent dealers and…
Douglas A. McIntyre We compiled a list of the equity holdings of the Bill & Melinda Gates Foundation and for Bill Gates’ personal investment vehicle Cascade Investment. These are as of December 31, 2008 and…
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…
We haven’t been covering Jim Cramer as much for many different reasons, but we still pay attention when he comes out with stock picks because it can still affect at least the…
These are some of the top analyst upgrades and positive research calls we have seen from Wall Street analysts with more than two hours until the market opens this Tuesday morning: ARM…
It seems impossible that a handful of companies could put nearly 80,000 people out of work in a day. Caterpillar (CAT), Pfizer (PFE), Texas Instruments (TXN), Sprint (S), and Home Depot (HD)…
According to Reuters, American Express (AXP) earnings dropped 72% but still beat expectations. Reuters writes that Geithner was confirmed to be Treasury Secretary. Reuters reports that people lost confidence in business globally…
We have been tracking the layoffs and the weekly jobless claims to figure out what they mean for the economy. Just this morning we noticed many job cut announcements from companies.. Home…
If you were hoping that Caterpillar Inc. (NYSE: CAT) was going to pull a miracle out of the hat with earnings, Monday is going to be a cold day regardless of the…
Douglas A. McIntyre Caterpillar (CAT) said it had a good year in 2008 and even a reasonable fourth quarter. But, its prospects for this year are so bad that it will dump 20,000 people, an…
Douglas A. McIntyre According to Reuters, a survey of 22 countries show three-quarters of households cutting spending and a sharp drop of confidence in emerging economies. Reuters writes that the US sold record debt and…
