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…
Reuters has run a piece this morning commenting from an email interview from the Reuters Singapore desk with questions to John Rice, chief executive and vice chairman. The conglomerate is maintaining a…
Douglas A. McIntyre Google (GOOG) is now the US company with the highest reputation, at least according to the annual Harris Interactive Reputation Quotient poll. According to Reuters, "Largely for its reputation for treating workers…
According to Reuters, a new survey put Google (GOOG) first in reputation among US companies. Reuters reports that gas prices climbed to a record $4.10. Reuters writes that Bunge ((BG) will buy…
If you thought this was a bad day for the market with the DJIA trading well under that 12,000 psychological level, there were some 400 stocks that hit 52-week lows today when…
Citigroup’s (C) CFO says he see write-downs through the end of the year. The head of hedge fund Paulson & Co,says bank losses will hit $1.3 trillion. Write-downs at Lehman (LEH) and…
GE (GE) shares reached a five plus year low today, at $28.38 as a JP Morgan analysts called for the company to sell off more units. While GE has auctioned off some…
Douglas A. McIntyre