According to Reuters, Merrill Lynch (MER) said that it would sell $8.5 billion in stock and take large write-downs. Reuters report that KKR says the market slump is a good time to…
The national economy has gotten so bad, driven by high commodities prices and a credit crisis which cannot seem to find a bottom, that some of America’s most well-known companies will have…
GM (GM) does well in China, but based on the company’s dire situation in North America, it is going to have to do a lot better in the world’s most populated country…
Regulators may be trying to keep short sellers out of a few financial stocks, but that is not keeping large bets against most other stocks from rising. While some of the shorts…
According to Reuters, Amazon (AMZN) earnings beat Wall St. forecasts. Reuters reports that Ford (F) wil keep its small pick-up plant open for two years.
Since 2006, 24/7 Wall St. has scrutinized public companies on a regular basis, focusing on those with poor management and has suggested which big company CEOs needed to be replaced. Hector Ruiz…
Ford (F) and GM (GM) are each announcing new plans to save themselves from the earnings garbage bin and give their shareholders some needed hope. It is awfully late to get started.
According to Reuters, Apple (AAPL) missed Wall St. expectations, sending the stock down by 10%. Reuters reports that American Express (AXP) profits fell on credit losses.
Toyota (TM) has finally succumbed to the same reality that the rest of the car industry has. It will cut its global sales forecasts by nearly 4% for 2008. Most of that…
According to Reuters, talks between Time Warner’s (TWX) AOL and Yahoo! (YHOO) and Microsoft (MSFT) are heating up. Reuters reports that GM (GM) is confident that it can compete even after making…
GM’s (GM) problem is that there is no "correct" size for its North American operations. While it is in fine shape overseas, especially in Latin America, Russia, and China, there is no…
According to Bloomberg, GM (GM) will announce a major restructuring including moving more production to small cars. Reuters reports that regional bank stocks were hit hard by liquidity concerns. Reuters writes that…
Things have been so bad at Ford (F) that there is nothing left to cause its stock to rally. High gas prices have be undermining sales of its profitable SUVs and pick-ups.…
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, large Yahoo! (YHOO) shareholder Legg Mason said Carl Icahn’s bid would have more support if he guaranteed he would not sell the company for less than $33. Reuters writes…
