Citigroup’s (C) CFO says he see write-downs through the end of the year. The head of hedge fund Paulson & Co,says bank losses will hit $1.3 trillion. Write-downs at Lehman (LEH) and…
With the trading year almost half over and results from the first quarter out, 24/7 Wall St. has created the latest installment of its Ten Worst Managed Companies In America list. This…
According to Reuters, Staple (SPLS) has received EU approval for a takeover of Corporate Express. Reuters writes that DreamWorks is in conversations with India’s Reliance. The deal would allow top management at…
Wal-Mart (WMT) seems to have signed an exclusive deal with rock band AC/DC for distribution of its new CD in the stores of the world’s largest retailer. Apple (AAPL) won’t be selling…
According to Reuters, Lehman (LEH) is close to rasing $5 billion. Reuters writes that one Goldman analyst see oil at $150 this summer. Reuters reports that HP (HPQ) has settled its patenet…
The stories about the death of Wal-Mart (WMT) have been disappearing over the last few months as the world’s largest retailer posted remarkable sales. Now, there is nothing left to argue. During…
Douglas A. McIntyre Most of the descendants of Sam Walton, the founder of Wal-Mart (WMT) have often been a quart low. That may be why none of them has run the company. One of his…
Douglas A. McIntyre According to Reuters, nuclear energy is beginning to make a comeback Reuters reports that Vodafone (VOD) said Verizon Wireless is in talks to buy Alltel. Reuters writes that Corporate Express will open…
Newspapers have been hit by so many arrows that it is a miracle that they are still standing. As internet ads have taken away much of their revenue and costs of printing…
Douglas A. McIntyre According to Reuters, Yahoo! (YHOO) rejected a tie up with Google (GOOG) before the Microsoft (MSFT) bid. Retuers writes that loses may force Lehman (LEH) to raise another $3.4 billion. Reuters reports…
Target Corporation (NYSE:TGT) has reported its Q1 net income of $602 million, down from $651million in the same quarter in 2007. It saw a 1.4% drop in earnings per share to $0.74…
After today’s close, we saw the filing showing which stocks Warren Buffett held in Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) at the cut off date of March 31, 2008. This is a…
On Tuesday, May 20, 2008, we’ll see earnings out of Target Corporation (NYSE: TGT) and we’ll get to see just how the "recessed" client base is as far as shopping on a…
Wal-Mart (WMT) is setting up standards for toy makers which are much tougher than those issued by the Feds. It wants its customers to know that is it cracking down, especially on…
Douglas A. McIntyre According to Reuters, lenders and Clear Channel (CCU) have reached an agreement for an LBO of the company. Reuters writes that Carl Icahn may mount a proxy fight for control of Yahoo!…