GE (GE) hit Wall St.’s EPS forecast at $.54 and beat revenue estimates coming in at $46.9 billion above the $45.3 billion concensus. The revenue increase was 11% over the same quarter…
Douglas A. McIntyre GE (GE) raised $5.4 billion by selling its Japanese consumer financial unit to Shinsei Bank. GE does not need the capital, but it does need to fuel the perception that it is…
Douglas A. McIntyre The short interest in most financial and industrial companies rose sharply for the period ending June 30. Shares sold short in Washington Mutrual (WM) rose 21.6 million to 276.4 million. Short interest…
According to Reuters, the government is considering taking over Freddie Mac (FRE) and Fannie Mae (FNM). Reuters writes that Google (GOOG) thinks that an independent Yahoo! (YHOO) would be better for the…
General Electric Co. (NYSE: GE) is announcing the spin off of lighting and appliances and is exploring alternatives for its consumer and industrial units. This report originally came out on Bloomberg but…
Douglas A. McIntyre Toyota (TM) is planing to sharply cut its SUV and pick-up production in the US. It can see the writing on the wall as well as anyone. Don’t build what you cannot…
Siemens (SI) today said it will cut nearly 17,000 jobs. It gave the economic downturn as the major reason for the move. Since Siemens and GE (GE) are in a number of…
Douglas A. McIntyre The market took big dips in 2001 and 1987. One was due to a national catastrophe and another was focused on Wall St.’s impression that the market had run too far, too…
According to Reuters, NBC Universal and partners will by The Weather Channel for $3.5 billion. Reuters writes that Toyota (TM) will add solar panels to some of its Prius cars. Reuters writes…
For reasons that are impossible to explain, much of the mythology of the late 20th Century American CEO was placed Atlas-like on the shoulders of John Francis Welch, GE’s head man from…
According to Reuters, Goldman Sachs said European banks may have to raise another 60 billion to 90 billion euors to reach an aggregate Tier I ratio of 9 percent. Reuters reports that…
General Electric Co. (NYSE: GE) is seeing a rise of nearly 1% today, and this is after several days of hitting the 52-week low list and almost seeing its stock trade with…
Douglas A. McIntyre If the stock market crashes, it could bite a number of parts of the economy, and bite them hard. There are several things that Congress could do to help the situation, although…
Today’s selling does not look orderly like it has on many other down days this year. The drop is across almost every sector and most widely-traded shares. Much of it is out…
According to Reuters, Anheuser-Busch (BUD) will reject a $46.3 billion buy-out from InBev. Reuters writes that Oracle (ORCL) posted strong earnings but its outlook was light. Reuters reports that RIM (RIMM) has…
