24/7 Wall St. Closing Bell — May 16, 2012
The three major US stock indexes opened higher this morning as investors appeared to be reacting to a temporarily stronger euro, which indicated some confidence in the Eurozone generally. But the dollar…
The three major US stock indexes opened higher this morning as investors appeared to be reacting to a temporarily stronger euro, which indicated some confidence in the Eurozone generally. But the dollar…
Wal-Mart Stores Inc. (NYSE: WMT) is set to report earnings early on Thursday morning. This earnings report is likely to be very different from any prior earnings report due to all of…
Big box retailer Target Corp. (NYSE: TGT) announced first quarter earnings this morning that were better than consensus estimates, and the company also raised its outlook for 2012. Target is the first…
Berkshire Hathaway Inc. (NYSE: BRK-B, BRK-A) and Warren Buffett have just released their most recent U.S.-listed equity holdings for the Berkshire Hathaway empire. This cut off date is as of March 31,…
Protestors in various cities around the world are “occupying” any parks and streets they can find, to some extent to protest the success of big business as it contrasts the fortunes of…
JCPenney (NYSE: JCP) was set to be the next Sears or Kmart. But then Ron Johnson came on as CEO after a run as the head of Apple’s (NASDAQ: AAPL) retail stores. JCPenney’s…
It may be about time Budweiser relinquished its title as “King of Beers.” According to the recently released 2012 Harris Poll EquiTrend Rankings, there is a new batch of brews with stronger…
The focus of the Facebook IPO turned again to the wealth of founder Mark Zuckerberg. The issue is so much more important than the company itself, or its new investors, that Bloomberg…
Facebook sets its IPO to raise more than $10 billion. (Reuters) The California State Teachers’ Retirement System (CalSTRS) files suit against Walmart (NYSE: WMT) over bribery allegations in Mexico. (Reuters) Greek elections…
The California State Teachers’ Retirement System (CalSTRS) sued Wal-Mart (NYSE: WMT) because the world’s largest retailer may have violated Mexican and US laws. At issue is the bribery, or alleged bribery scandal,…
It is not unusual for large American public companies to be controlled by a founder, a founding family or a corporation that bought out the large majority of shareholders at some time…
China’s PMI rises to a 13-month high. (Reuters) BP (NYSE: BP) profits fall as it sells some assets to pay for the Gulf spill. (Reuters) New York state pension funds vote against…
Philp Falcone receives extensions from creditors owed money by his high-speed wireless company LightSquared. (Reuters) Social gifting is a growing part of e-commerce. (Reuters) Barron’s says Apple (NASDAQ: AAPL) and Google (NASDAQ: GOOG) could join…
Jon OggThis last week had many top analyst calls, but each week we review all of the calls looking for those which were very bold calls or that go against the grain. …
S&P downgrades Spain and presses for EU action on debt. (Reuters) The U.S. economy slows as inventories fall. (Reuters) The Bank of Japan increases yen purchases to 10 trillion. (Reuters) U.S. companies…