Reuters: Banks paid out billions of dollars in bonuses last year while losing money. Reuters: The US closed its car “clunkers” program just as it began as funds ran out. Reuters: Obame…
Reuters: A tech alliance between China and Taiwas is hurting Korea. Reuters: Spple (AAPL) easily beat forecasts. Reuters: CIT (CIT) still faces a number of financial challenges. Reuters: Yahoo!’s (YHOO) outlook was…
AMR Corp. (NYSE: AMR) has some pretty disappointing figures, at least until you compare them to analyst expectations. AMR posted earnings of -$1.39 on a net basis and -$1.14 EPS on a…
Airline price wars are back, just when carriers cannot afford them. The price of jet fuel is up. Passenger traffic is down. Southwest (LUV) is offering fare as low as $30 one…
These are the top pre-market analyst upgrades and downgrades we have seen this Thursday. There are going to be fewer and fewer research notes from now to what is most likely Tuesday…
Reuters: The US outlined new financial market reforms. Reuters: Obama lobbied MDs on his new healthcare package. Reuters: Russia hosted the first BRIC summit. Reuters: B of A’s (BAC) BlackRock (BLK) stake…
Reuters: Baclays (BCS) sold BCI to Blackrock (BLK) for $13.3 billion Reuters: WHO declared a flu epidemic Reuters: Congress bash Fed, Treasury, and B of A (BAC) on Merrill Reuters: US is…
All of the fuel-hedging, layoffs, capacity and route-cutting the airline industry did last year in an attempt to offset the rising price of fuel has gone for nothing. Delta (DAL) announced today…
The first week of May, crude moved around just over $50. Today it traded just above $69, a 38% increase over that period. Airline stocks have reacted badly to the news. No…
The International Air Transport Association has doubled its estimates for global airline industry losses compared to its figure of three months ago. That presages another round of carrier bankruptcies similar to these in…
Reuters: GM and Chrysler said closing dealers was essential to their restructuring. Reuters: The Justice Department is probing big tech employee recruiting. Reuters: Medical bills underlay 60% of American bankruptcies.
Twelve of the Fortune 500 CEOs are women. Just twelve. Over the next year, that number is likely to go up considerably because of a confluence of economic and financial factors that…
According to Reuters, banks may be hard hit by the bankruptcy of General Growth (GGP) and future commercial real estate defaults. Reuters reports that VW may overtake Toyota (TM) as the No.1 car…
Southwest Airlines Co, (NYSE: LUV) is getting to see some selling this morning after its earnings report. Actually, that is after its losses. Southwest is not used to this and you can’t…
We have already seen at least one major upside surprise in earnings season for the Q1-2009 period. But we have many major companies which are expected to report earnings this week that…
