Today’s financial news headlines and stories are about how Circuit City (CC) is closing 155 stores in the hope of staying in business. The real story is in the fine print. Based…
These are some of the top pre-market upgrades from analysts which we have seen in the early hours this Monday morning: Acorda Therapeutics (ACOR) Raised to Outperform at Baird. Biogen Idec (BIIB)…
According to Reuters, South Korea launched a major economic stimulus package. Reuters reports that nearly 1,800 publicly held institutions could apply for U.S. government investments. Reuters reports that HBOS took an $8.5…
Sears (SHLD) is already one of the weakest retailers in the US. Firms such as Wal-Mart (WMT) and Best Buy (BBY) have, in most cases, better merchandise, better store locations, and buying…
Over the last several years, Wal-Mart (WMT) turned away from its strength of providing everyday low prices on items ranging from drugs to lawn mowers. It tried to move upscale with fashion…
Douglas A. McIntyre According to Reuters, GM (GM) and Chrysler have asked the government for $10 billion to close their merger. Reuters reports that Boeing (BA) and its machinists have entered into a tentative labor…
Some investors have been so rattled by this market that they have taken their money and run. Even Treasuries are not safe enough. What if the US government defaults? Of course, Treasuries…
Amazon (AMZN) has two huge advantages as a retailer. The first is that it has no stores. The other is that it has an astonishingly large list of things it sells from…
Energy prices are on the back burner. The focus on economic growth, or lack thereof, has moved to whether credit markets will open up and how soon housing prices will recover. Focusing…
The Wall Street Journal reports that Wal-Mart (WMT) is "hitting its Chinese suppliers with a slate of stringent environmental and safety mandates, just as the manufacturers face rising costs and dwindling demand…
Douglas A. McIntyre According to Reuters, disappointing earnings pushed Wall St. down. Reuters reports that Yahoo! (YHOO) profits dropped and the company will cut jobs. Reuters writes that Kirk Kerkorian sold part of his Ford…
According to Reuters, policy makers around the world are trying to deal with the fact that the economy is moving into a deep recession. Reuters writes that Google (GOOG) exceeded forecasts and…
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.…
Jim Cramer wants people to sell all of their stocks. Even though the market may keep falling, that might not be a practical solution for everyone. There are several things investors can…
Wall St. expected Wal-Mart (WMT) same-store sales to be up 2.5% in September. They only rose 2.4%. It was a brilliant showing. Almost all data from retail associations said sales across the…
