The intensely competitive wireless sector showed some additional blood-letting this week when Sprint Nextel Corporation (NYSE: S) announced second-quarter earnings. The shares closed down 16% at $4.34 after being down as much…
Verizon Wireless is owned 55% by Verizon (NYSE: VZ) and 45% by UK-based Vodafone (NYSE: VOD). Yesterday, the cellular service provider said it would pay a dividend of $10 billion next year.…
Credit Suisse (NYSE: CS) cut 2,000 jobs as the bank’s results faltered (Reuters) Investors tried to move to safe investments as a default became more likely (Reuters) A new Boehner plan will…
The trend among short sellers for the last two months is that they gamble against shares in the weakest public companies. Perhaps they sense that an economic downturn or U.S. debt default…
The odds that the U.S. will default on its debt on or after August 2 increase each day. Some credit analysts believe the odds are in favor of insolvency. In the event…
Alcatel-LucentWhen France’s Alcatel acquired Lucent Technologies in 2006 to form Alcatel-Lucent (NYSE: ALU), the deal appeared to be a solid winner. Lucent, which had been spun off from AT&T (NYSE: T), seemed…
Next week will mark the true ‘opening the floodgates’ for earnings season. We have given some brief earnings previews and added in color for the DJIA components set to report earnings in…
Short sellers often invest in stocks that have had sharp short-term gains and may have reached peak valuations. That would put Netflix (NASDAQ: NFLX) on most of those lists, along with Sirius…
News Corp (NYSE: NWS) may face a bribery probe in the U.S. (Reuters) An Apple (NASDAQ: AAPL) patent lawyer may leave the firm (Reuters) China bank lending picked up. This could cause…
HTC announced fiscal third quarter results. The information was good for HTC but not good for rival smartphone firm, Blackberry maker Research In Motion (NASDAQ: RIMM). HTC said revenue more than doubled…
The head of PIMCO expects that Greece and other EU nations will default. (Reuters) The LulzSec group of hackers claims it will expand its attacks on private and government networks. (Reuters) The…
Nokia24/7 Wall St. has created a new list of brands that will disappear, which includes Sears (NASDAQ:SHLD), Sony Pictures (NYSE:SNE), American Apparel (NYSE:APP), Nokia (NYSE:NOK), Saab, A&W All-American Foods Restaurants, Soap Opera…
Short sellers must not agree with the conventional wisdom that high gas prices and unemployment will keep Americans out of stores and malls this summer. These investors decreased their negative bets against…
Every state posted GDP growth between 2000 and 2010, according to the latest U.S Department of Commerce data, which was released earlier this week. The growth rates, however, were very wide. Michigan’s…
The acting head of the IMF said that the US does not need stimulus because exports and disposable income will lift GDP. (Reuters) Facebook’s facial recognition technology is increasing worries about privacy.…
