Wal-Mart Stores Inc. (NYSE: WMT) is acting like a broken stock, and this morning’s big downgrade is not helping matters at the world’s largest retailer. Goldman Sachs has removed the stock from…
Douglas A. McIntyre Over the past week, the 24/7 Wall St.–The Channel Checkers poll surveyed Ann Taylor (ANN) locations to gauge business trends at the ten retailers. We asked the following questions: 1. On a scale of…
Wal-Mart Stores Inc. (NYSE: WMT) gave shareholders a surprise at this morning’s annual shareholder meeting. The retail giant announced that it was going to repurchase up to $15 billion worth of common…
Douglas A. McIntyre Many big-box retailers including Best Buy (BBY), Target (TGT), and Costco (COST) are struggling as the recession beats down their same-store sales. General retailers such as Sears (SHLD) are not faring any…
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.
These are top pre-market analyst upgrades and positive research notes we have seen from Wall Street early this Wednesday morning: BB&T (BBT) Raised to Market Perform at KBW. Comerica (CMA) Raised to…
Reuters: Central bankers in the US and Europe are battling deflation and inflation simultaneously. Reuters: GM (GM) is close to bankruptcy but the fate of Opel is still open. Reuters: Citigroup (C)…
Reuters: GM (GM) is close to filing Chapter 11. Reuters: A poll of economists says the US recession will end soon followed by modest growth. Retuers: The mood of US consumers rose…
Micro-blogging platform Twitter has 32 million users, which is an increase from about 2 million a year ago, according to research mentioned in The Wall Street Journal. Some Internet measurement services show…
American companies are increasingly offering products for $1 or less. Some are among the largest firms in the United States such as Wal-Mart (WMT) and McDonald’s (MCD). Other are smaller but use…
It has begun to dawn on more and more large companies that high-priced goods are costing them sales during the recession. Maybe the only way for them to hold onto customers is…
This weekend was the peak of the college graduation season. Colleges invite well-known people to travel all over America to give a 15 minute commencement address in exchange for an honorary doctorate.…
Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-A)(BRK-B) holdings for the first quarter of 2009 are now out for the cut off date here of March 31, 2009. There are some changes…
McDonald’s (MCD) did so well with its dollar menu that Wal-Mart (WMT) decided it will create one, too. The difference is that the Wal-Mart version will be merchandise and not food. McDonald’s…
McDonald’s (MCD) did so well with its dollar menu that Wal-Mart (WMT) decided it will have one, too. The difference is that the Wal-Mart version will be merchandise and not food. The…
