According to Reuters, Alcoa (AA) will fire more than 13,000 people. Reuters reports that Apple (AAPL) disappointed with no Jobs or big announcements at Macworld. Reuters reports that GM (GM) says government…
Dow Chemical (DOW) seemed to be upset that the government of Kuwait walked out on the big joint venture they had agreed to. According to MarketWatch: Dow Chemical Co. (DOW) said Tuesday…
Douglas A. McIntyre Yesterday evening, Standard & Poor’s Ratings Services lowered its corporate credit and senior unsecured ratings on Dow Chemical Co. (NYSE: DOW) to ‘BBB’ from ‘A-‘. The long-term ratings on Dow Chemical and…
Douglas A. McIntyre According to Reuters, GMAC will get $6 billion from the government with $1 billion coming through GM (GM). Reuters reports that violence in Gaza intensified. Reuters writes that Japan is looking at…
Dow Chemical (DOW) Deal with Kuwait is dead. Falls to $14.93 from 52-week high of $43.43. Martha Stewart Living (MSO) No special news. Media stocks just keep falling. Drops to $2.55 from…
According to Reuters, Kuwait canceled a $17 billion joint venture with Dow Chemical (DOW). Reuters reports that Credit Suisse (CS) clients may have lost $926 million on the Madoff scam. Reuters reports…
A lot of investors are betting the Dow Chemical’s (DOW) best years are behind it. Shares have dropped from a 52-week high of $43.43 to $19. The stock now trades where it…
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, The Tribune Company filed for Chapter 11. Reuters reports that Congress and The White House are close to a bill that would give Detroit modest loans. Reuters reports that…
What a great way to fire people. Dow Chemical (DOW) chopped 5,000 full-time people and cut 6,000 contractors. Its press release on the plans said the firm was announcing "a series of…
Douglas A. McIntyre Covering any part of the positives in this market has been literally as rewarding as jumping in the bear cage with the bears at the zoo. We have been refraining from doing…
According to Reuters, concerns about the global economy are growing as the G20 nations are meeting. Reuters says that Congress challenged banks on how they would use bailout funds. Reuters reports that…
Dow Chemical (DOW) reported earnings today. Beyond all the numbers, segment earnings, and geographic data, there was only one important thing. "In our view, we will likely see a global recession through…
Douglas A. McIntyre These are some of the top pre-market downgrades we are seeing this Monday morning with more than two hours to the open: Allstate (ALL) Cut to Sell from Hold at S&P Equity…
Anheuser-Busch (BUD) may finally be admitting that it cannot get its shares up from $50 to the InBev bid of $65, even it its cuts costs and sells assets. BUD shares have…