S&P has reported that the dividends of companies in its S&P 500 index are being cut at the fastest rate in fifty years. A report by the Associated Press says that even…
Textron (TXT) Weak earnings outlook. Drops to $8.83 from 52-week high of $65.52. Eastman Kodak (EK) Poor earnings and layoffs. Down to $5.01 from 52-week high of $20.91. Black & Decker (BDK)…
According to Reuters, the confidence of CEOs at Davos is low as the recession and credit crisis deepen. Reuters reports that Yahoo! (YHOO) slightly beat earnings but posted a weak forecast. Reuters…
Dow Chemical (DOW) was supposed to buy Rohm & Haas (ROH). Now, it may be the other way around. Dow can’t close the deal and Rohm is suing to get it finished.…
Douglas A. McIntyre 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…
Rohm & Haas Co. (NYSE: ROH) is probably upsetting some who chased the move on Friday who were hoping its buyout might actually close. But this morning the company announced that it…
Douglas A. McIntyre It would be hard to miss the headline that Alcoa (AA) fired 15,000 people yesterday. The actions of big companies are probably a much better indicator for what is ahead for the…
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…