International Business Machines Corp. (NYSE: IBM) has recovered handily from its lows since the last earnings report as it is now effectively all under control of new CEO Virginia Rometty now that Sam…
Jon C. Ogg The three major U.S. stock indexes opened higher this morning following a report that economic sentiment in Germany came in better than expected (more coverage here) and that U.K. inflation was lower…
The three major U.S. stock indexes opened higher this morning, aided by a better-than-expected report on U.S. retail sales and a smaller-than-expected rise in the Empire State manufacturing survey (more coverage here).…
Tuesday will bring earnings reports from five different DJIA components. There are not many days where one-fifth a major index report earnings. In the early morning hours we will get earnings reports…
There is an emerging body of opinion that if the Hewlett-Packard Co. (NYSE: HPQ) board had not fired former CEO Mark Hurd then the company would have avoided the operational problems that have…
U.S. attempts to probe illegal activity at HSBC Holdings PLC (NYSE: HBC) are set back by interagency battles. (Reuters) Yahoo! Inc. (NASDAQ: YHOO) names a new chief financial officer. (Reuters) The British Bankers’ Association probably…
It was big news when International Business Machine Corp. (NYSE: IBM) first reported that Virginia Rometty would take over as chief executive officer. It was not just that CEO Sam Palmisano was a…
The three major U.S. stock indexes opened higher this morning, encouraged by a report from Europe that Spain was close to unveiling a rescue plan for the country’s banks that it would…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Friday. Altria Group Inc. (NYSE: MO) raised to Buy with $39 target at…
Lenovo, the world’s second-largest PC maker, has struck a deal to acquire U.S.-based software company Stoneware in order to boost its cloud computing operations. This is the Beijing-based company’s first acquisition of…
Trey Thoelcke The markets’ broad rally has left some sectors behind, most notably the PC and PC-related hardware companies. The death of the platform, which has become broadly accepted by Wall St., has not been…
EU Finance Ministers Meet The financial ministers of the euro area will meet over the next two days. There is a very wide range of topics that they might discuss. The gathering should begin…
Something seems to be happening at Knight Capital Group, Inc. (NYSE: KCG). Whatever it is, it sure does not seem like a good development. It is not really any longer a secret…
Hewlett-Packard Co. (NYSE: HPQ) will lay off 29,000 people instead of the 26,000 it originally announced as it struggles to improve performance. Royal Philips Electronics N.V. will cut the 2,200 jobs it…
The three major U.S. stock indexes opened flat to slightly lower this morning after the three-day holiday weekend. PMI readings from Europe came out weaker than expected yesterday (our coverage here), as…
