Reuters: CIT (CIT) may be close to bankruptcy. Reuters: China GDP rose 7.9%. Reuters: Foreclosures hit a record in the first half of 2009. Reuters: Obama pressed Congress on a healthcare bill. Reuters: …
Reuters: Social media such as Twitter may not be worth as much as many people believe because of challenges they face in bringing in revenue. Reuters: The arrests of Rio Tinto (RTP)…
Target Corporation (NYSE: TGT) was hurt as the recession took hold and customers had to go searching for cheaper and cheaper products. Wal-Mart Stores (NYSE: WMT) was the winner there. Now Target…
Shoppers can save $700 billion a year shopping in Wal-Mart (WMT), according to the company. It actually can’t come up with facts to support that claim. Wal-Mart would have to know where people…
Douglas A. McIntyre Wal-Mart Stores Inc. (NYSE: WMT) is supposed to be the retail winner in a depression or recession as more and more consumers are forced to shop at the world’s largest retailer whether…
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…