IBM (NYSE:IBM) and Google (NASDAQ:GOOG) each reported better-than-expected earnings. Wall St.’s reaction to the Google numbers was muted and its stock moved up 3% to $547. IBM raised its guidance for the…
The immediate reaction to Intel’s (NASDAQ:INTC) results, which were better than expected, is that they signalled an improvement in the PC industry. Intel provides about 70% of PC chips. The world’s largest…
Reuters: Aggressive trading in gold in China may be pushing the price of the metal up. Reuters: Blackstone’s (NYSE:BX) CEO says the worst of the crisis is over. Reuters: The House has…
Updated throughout the day. Updated at 4.24 PM EST: Xyratex (NASDAQ:XRTX) is up 14% today, another tech stock in the buyout rumor mill. (Barron’s) Updated at 2.12 PM EST: Euro Tech Holdings…
Updated throughout the day. Updated 2:44 Dell Inc. (NYSE: DELL) will launch a branded Android smartphone thru AT&T Inc. (NYSE: T) and possibly other carriers next year. Source today is from WSJ,…
Reuters: The pay czar plans to rework employee pay at large banks. Reuters: Hewlett-Packard (NYSE:HPQ) may enter the tech M&A frenzy. Reuters: Microsoft (NASDAQ:MSFT) says some Hotmail passwords were exposed. Reuters: The…
Reuters: The retirement package for Ken Lewis of Bank of America (BAC) may be as high as $125 million. Reuters: US car sales plunged in September with Ford (F) up and GM…
Reuters: China celebrated 60 years of communist rule as a capitalist economy. Reuters: The IMF cut global debt write-offs to $3.4 trillion. Reuters: CIT (CIT) is close to a deal to give…
Updated throughout the day. Update: Xerox (XRX) may find that IBM (IBM) or HP (HPQ) outbid it for ACS (ACS) (Barron’s) Update: Apple (AAPL) may be working on a touchscreen remote for…
The economy is obviously getting better, so long as you are not one of the unemployed or about to lose your job. Now with more than a 50% rally from the March…
Reuters: The G20 is taking center stage in the new economic world order. Reuters: Bank losses from large syndicated loans will hit $53 billion this year. Reuters: One Fed governor said the…
Reuters: The young and affluent in China may become more active consumers. Reuters: The G20 is looking to nurture the recovery and add financial safeguards. Reuters: Taxpayers may never get back all…
Reuters: A dispute over tires is making trade talks among G20 nations difficult. Reuters: Bank of America (BAC) will give Congress documents about Merrill. Reuters: Th G20 is looking at ways to…
These are this Tuesday morning’s top pre-market analyst upgrades and positive research calls seen from Wall Street: Blue Coat Systems (BCSI) started as Buy at BofA/Merrill. Covance (CVD) upgraded to Buy at…
Shares of Perot Systems (PER) are up 65% to $29.69 on news that the company will be bought for $3.9 billion. Perot’s 52-week high. Dell is substantially overpaying to get into the…
