It is worth noting when the head of the world’s largest conglomerate comments on how bad the economy. Jeff Immelt made some grim comments this morning. They speak for themselves. According to…
Douglas A. McIntyre GE’s (NYSE: GE) CEO Immelt is making comments at WSJ event in New York this AM.. Immelt says a ratings downgrade wouldn’t change the way he runs the company. He also said…
Douglas A. McIntyre Much of the crisis in the banking industry has been blamed on the inaction of the boards of directors at companies including Bank of America (BAC) and Citigroup (C). Some of Citi’s…
Bank of America (BAC) Falls to $4.72 on concerns that government might take over firm. Down from 52-week high of $43.81. GE (GE) Drops to $11.19 on concerns about recession and the…
If the government is going to force salary caps on banks, financial firms, and car companies that will get federal money, it needs to go further. The argument for limited pay at…
The financial year of 2008 is over for GE (GE) and investors are still debating whether the company will be able to both pay its dividend and keep its "Aaa" credit rating.…
Douglas A. McIntyre GE (GE) is faced with a potential downgrade of its debt from "Aaa" status and angry investors who want to know why the company insists on having a TV network and medical…
Douglas A. McIntyre Yahoo! (YHOO) announced earnings yesterday. The company’s forecast for the current quarter was weak. Many investors wanted to hear what new CEO Carol Bartz would say. She did not say anything, at…
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…
General Electric Co. (NYSE: GE) saw its stock plunge after the close of trading after its corporate credit rating was put on review for a downgrade by Moody’s. That means that its…
Douglas A. McIntyre There is a new trend that has emerged in this earnings season that will have an impact in 2009 and maybe beyond: a lack of earnings and/or revenue guidance. This unravels roughly…
According to Reuters, The National Association of Business Economics survey found that members believe that the economy has it its worst period in 27 years. Reuters reports that Pfizer (PFE) is close…
According to MINOnline, advertising pages in major monthly magazines are down 20% for issues from the first two months of this year. One of the most popular weeklies, The Economist, suffered ad…
The market has been pushing down GE (GE) expectations for weeks. It has taken the stock to a multi-year low and left investors thinking that the big conglomerate would be crippled by…
Douglas A. McIntyre Nearly everyone on Wall St. believes that GE (GE) will miss its earnings estimates and post a poor forecast for 2009. This sentiment has pushed its stock to a multi-year low and…
Douglas A. McIntyre