According to Reuters, BHP Billiton (BHP) will not sell its petroleum division, as had been rumored, to finance a bid for Rio Tinto (RTP). Reuters writes that most of the Hershey (HSY)…
The most visible shift in short interest in the new Nasdaq figures as of October 31, is the sharp increase in shares sold short in Microsoft. From October 15 to the end…
Yesterday’s sharp sell-off in the Nasdaq showed the market something. In a downturn, the Apples (AAPL) and RIMMs (RIMM) of the world have an Achilles Heel. They have run up too much.…
In the past month, fourth-quarter earnings expectations for companies in the S&P 500 have fallen by nearly half, according to Thomson Financial. So says the FT. The problem has several sources and…
Archer-Daniels Midland (ADM) $0.71 vs. $0.59 est. Asset Acceptance Corp. (AACC) -$0.05 EPS vs -$0.05 est. Beazer (BZH) cutting 1/4 workers and suspends dividend; sees new order down 50%. Church & Dwight…
Big city newspapers want what they lost to portals like Yahoo! (YHOO) and MSN. They want their advertising back. According to The Chicago Tribune "sources close to the situation said Gannett Co…
Stock Tickers: ANF, ARO, AEO, ANN, ADSK, BMRN, CA, CHS, C, COGN, CWTR, ETR, GPS, GOOG, JCG, LF, MA, MSFT, ORH, ORCL, PAS, PNWIF, PT, RIMM, JAVA, SYMC, UA, URBN Abercrombie &…
According to Reuters, Google (GOOG) launched a new mobile phone initiative with a number of handset makers and cellular carriers. Reuters writes that an analysts covering the financial industry expects more write-dwons…
News Corp’s (NWS) is launching a way for advertisers to target users at its huge social network, MySpace. The marketer’s knock against the site has been that users cannot be grouped into…
According to Reuters, Chuck Prince stepped down at CEO of Citigroup (C) and the bank indicated it may have to write off as much as another $11 billion. Reuters writes that shares…
In Barron’s semi-annual Big Money Poll, institutional investors are asked about their two favorite stocks and also which shares are most overvalued. For the latest poll, 112 money managers responded. On the…
Just when shares in Hewlett-Packard (HPQ), Dell (DELL), and Apple (AAPL) were doing so well, it appears that, in Japan, consumers are moving toward game consoles and smart phones for their daily…
It now appears that Google (GOOG) will announced its new mobile phone product on Monday with its first US partners being T-Mobile and Sprint (S), according to Fortune. “Any device Google brings…
According to Reuters, Toyota (TM) and GM (GM) gained sales in October despite a weak US car market. Reuters writes that News Corp’s (NWS) MySpace joined the new Google (GOOG) association of…
TechCrunch and Silicon Alley Insider have reported that News Corp’s (NWS) MySpace will join the new Google (GOOG) OpenSocial initiative. The Google program pulls together a number of social networks include the…
