Citigroup (C) Still fears of nationalization or a larger bailout. Falls to $1.15. from a 52-week high of $27.35. GE (GE) Market not comforted that GE’s financial services are is not in…
These are some of this morning’s top pre-market analyst upgrades and positive research calls from Wall Street this Thursday morning with over two hours until the market opens: Axsys Technologies (AXYS) Raised…
According to Reuters, the White House is finishing a bank rescue package , that involves investment by private equity. Reuters reports that a poll of analysts cut Q2 earnings forecasts. Reuters reports…
These are some of the top pre-market analyst upgrades and positive calls we have seen this Monday morning: Adobe Systems (ADBE) Raised to Outperform at Oppenheimer. Alexion Pharmaceuticals (ALXN) Started as Outperform…
A look at the companies which announced layoffs in December and January demonstrates that almost no industry is immune from job losses due to this contracting economy. Tech companies such as Microsoft…
These are some of the top analyst upgrades and positive calls we are seeing this Monday morning: Akamai (AKAM) Raised to Buy at Merriman Curhan Ford. Boston Scientific (BSX) Raised to Overweight…
According to Reuters, Republican may keep fighting Obama on the stimulus package. Reuters reports that Roche dropped its bid on Genentech (DNA) to $42 billion. Reuters writes that the Administration will release…
Continuing jobless claims rose by 159,000 in the week ended Jan. 17 to a seasonally adjusted 4.78 million, the most since the government’s records began in 1967. The number of unemployed people…
It seems impossible that a handful of companies could put nearly 80,000 people out of work in a day. Caterpillar (CAT), Pfizer (PFE), Texas Instruments (TXN), Sprint (S), and Home Depot (HD)…
According to Reuters, American Express (AXP) earnings dropped 72% but still beat expectations. Reuters writes that Geithner was confirmed to be Treasury Secretary. Reuters reports that people lost confidence in business globally…
The Pfizer (PFE) deal to buy Wyeth (WYE) for $68 billion looks like a single M&A deal which will break the drought in investment banking activity, but only for a day. The…
Douglas A. McIntyre According to Reuters, The National Association of Business Economics survey found that members believe that the economy has it its worst period in 27 years. Reuters reports that Pfizer (PFE) is close…
Companies, even really big ones with hundreds of thousands of employees, can only fire so many people. At some point the core functions like accounting and marketing need enough personnel to keep…
Douglas A. McIntyre According to Reuters, Samsung had its first ever quarterly loss. Reuters reports that Pfizer (PFE) is in takeover talks with Wyeth (WYE), a deal that would be worth $60 billion. Reuters reports…
Looking at the headlines at WSJ.com, the majority are about large companies that cut workers today. Circuit City is liquidating, which could put 30,000 people out of work. AMD (AMD) is cutting…