The bad ad environment will catch up to Time Warner (TWX) in a flash. Viacom (VIA) had only just indicated that the markets for advertising sales were dismal. Now TWX is slashing…
According to Reuters, Obama won the race for US president Reuters reports that stock index futures were steady after the Obama win.
Many of the layoff announcements which came over the last several days were as unexpected as they were large. If a recession is measured by the rapidity and breadth of job losses…
According to Reuters, global stocks rose on possible rate cuts but the economic outlook is grim. Reuters reports that the Fed is expected to cut rates with Japan likely to follow. Reuters…
There are no Wall Street analysts who believe that newspapers will recover from the ongoing financial crisis. Publishers have argued that housing, employment, and car markets were the cause of their declining…
Yahoo Inc. (NASDAQ: YHOO) is set to report earnings after the close. First Call has its Q3-2008 estimates at $0.09 EPS and $1.37 billion in revenue. While earnings would seem to be…
Almost every man, woman, and child in America knows that Yahoo! (YHOO) is going to have to cut costs. There has been evidence for sometime that internet display advertising, which has been…
Microsoft (MSFT) CEO Steve Ballmer is torturing Yahoo!’s (YHOO) board for not taking his $33 buy-out offer. Recently, Yahoo! was below $12. Ballmer commented that the transaction would still "make sense economically"…
Finding someone who likes the idea of Yahoo! (YHOO) buying AOL is harder that finding snow in the Sahara. Yahoo!’s stock is off another 3.5% to $13.18 as the media speculates about…
Analysts assume third quarter earnings for the companies in the S&P 500 will be bad. But, looking at the number which is the average of all firms in the index is misleading.…
Google (GOOG) hit another 52-week low today bottoming at $348.23. So far this year, shares in the big search company are off 45%. By contrast, Time Warner (TWX) is down a little…
Yahoo! (YHOO) seems to have several options to revive its moribund business, but the market is not buying them based on the portal company’s share price. The stock trades just above $15,…
According to Reuters, a Senate plan to vote on the bailout package pushed US markets up. Reuters reports that the FDIC would like to increase the value of the accounts it insures.…
According to Reuters, Warren Buffett invested $5 billion in Goldman Sachs (GS). Reuters says that the Paulson bailout plan is being attacked in Congress. Reuters reports that Japanese banks, in trouble a…
According to Reuters, Washington Mutual (WM) fell 30% to a 17-year low. Reuters reports that billionaire Carlos Slim has bought 6% of The New York Times (NYT). Reuters writes that Northrop Grumman…
