According to Reuters, GM (GM) and Chrysler have asked the government for $10 billion to close their merger. Reuters reports that Boeing (BA) and its machinists have entered into a tentative labor…
It is not that long ago that The Justice Department suggested that Microsoft (MSFT) was so powerful that it needed to be broken into pieces. In 2000, Justice hired famous banker Bob…
According to Reuters, Greenspan said he was shocked by the credit meltdown. Reuters reports that the value of Bear Stearns $30 billion mortgage portfolio fell 9%. Reuters writes that Asia and Europe…
Baidu.com Inc. (NASDAQ: BIDU) has posted earnings after the close which were not very indicative of problems inside the company. In dollar-adjusted terms, the company posted and operating profit of $54.2 million…
Yahoo Inc. (NASDAQ: YHOO) is set to report earnings after the close. First Call has its Q3-2008 estimates at $0.09 EPS and $1.37 billion in revenue. While earnings would seem to be…
It may be a sign of the cruel mentality of the American stock trader, but generally news of layoffs drives the share price of the company making the cuts upward. Word came…
Douglas A. McIntyre Baidu.com, Inc. (NASDAQ: BIDU) is seeing a rather large surge in its shares this morning. The frequently analogized "Chinese Google" has no news of its own. But the real Google Inc. (NASDAQ:…
Google’s (GOOG) earnings are ancient news now. The search company did much better than expected. The economy did not bring it down like a rhino killed off in the wild. The company’s…
According to Reuters, policy makers around the world are trying to deal with the fact that the economy is moving into a deep recession. Reuters writes that Google (GOOG) exceeded forecasts and…
Analysts have been revising down their expectations for Google’s (GOOG) third quarter for weeks. The search company did not have much to measure up to. A slowing economy moved consensus estimates to…
Douglas A. McIntyre Intel (INTC) said it loved its past and hated its future. The Age of Romance must be over. These sentiments are supposed to be the other way around. The world’s largest chip…
Finding someone who likes the idea of Yahoo! (YHOO) buying AOL is harder that finding snow in the Sahara. Yahoo!’s stock is off another 3.5% to $13.18 as the media speculates about…
Yahoo! (YHOO) needs the deal for Google (GOOG) to sell search advertising for the portal company more than Google needs it. The world’s largest search firm may make a modest sum off…
Analysts assume third quarter earnings for the companies in the S&P 500 will be bad. But, looking at the number which is the average of all firms in the index is misleading.…
According to Reuters, the Treasury will make $250 billion directly into banks. Ciitgroup (C) and JPMorgan (JPM) would get $26 billion each. Merrill Lynch (MER) and Bank of America (BAC) would each…
