According to Reuters, GM (GM) is expected to post a huge loss. Reuters reports that oil company profits rose, but Exxon (XOM) missed its numbers. Reuters reported that stressed banks borrowed a…
It is now no secret that we are in a very weak economic environment and if it is not an official recession it is for about 80% of the country. We’ve already…
When the Chinese government pushed its retail union into Wal-Mart (WMT) two years ago, the world’s largest retailer should have figured that it was only the beginning of trouble. Now labor has…
According to Reuters, Microsoft (MSFT) backed its internet spending plan and said it was done with negotiations with Yahoo! (YHOO). Reuters reports that the CFO of Wachovia (WB) is leaving.
This morning we had four different DJIA compomnents report earnings and so far all shares of these are indicated higher. AT&T (NYSE: T) posted $0.76 non-GAAP EPS vs. $0.76 estimates and generated…
This morning we had four different DJIA components report earnings and so far all shares of these are indicated higher. AT&T (NYSE: T) posted $0.76 non-GAAP EPS vs. $0.76 estimates and generated…
The price of oil hit $146 today on fears of instability in Iran, Nigeria, and production problems in Brazil. If oil stays at this level, the price of gas is likely to…
Douglas A. McIntyre Wal-Mart (WMT) officially has back its swagger. Same-store sales at the world’s largest retailer moved up 5.8% in June, well above industry estimates. For the period, revenue jumped almost 12% to $25.2…
Douglas A. McIntyre Inflation in China during the month of June was "only" 7.1%. That was slightly better than the two months before, but, according to Reuters, "consumer prices were 7.9 percent higher than a…
Douglas A. McIntyre According to Reuters, the Fed is seen as holding rates on fears of inflation. Reuters writes that the CEO of Nissan is bracing for the worst in the US. Reuters writes that…
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…