According to Reuters, profits rose 2.7% at Toyota (TM) and the company raised full-year forecasts. Reuters writes that GM (GM) will take a $39 billion non-cash charge in Q3 Reuters reports that…
According to Reuters, Chuck Prince stepped down at CEO of Citigroup (C) and the bank indicated it may have to write off as much as another $11 billion. Reuters writes that shares…
PC-maker Lenovo, which bought the IBM (IBM) personal computer business, had the kind of break-out quarter that tech companies seem to be racking up with regularity now. For the three months ended…
According to Reuters, US car sales are expected to have fallen in October. Reuters writes that China has approved the trading of stock futures. Reuters reports that Google (GOOG) is in talks…
Since every other company in the world from NBC to Wal-Mart (WMT) to Amazon (AMZN) is in the video distribution, why not Best Buy (BBY)? Why not, indeed. Today the company launched…
No wonder Wal-Mart (WMT) has poor same-store sales and Circuit City (CC) is close to Chapter 11. All of the customers are moving online. According to the new comScore stats, online retail…
Douglas A. McIntyre Almost two-thirds of Americans say a recession is likely in the next year and a majority believes the economy is already faltering, according to a Bloomberg/Los Angeles Times survey. That means that…
It is a painful irony that a UK newspaper would have to point out to Americans that one of their largest companies is trying to move most of its business overseas. According…
Douglas A. McIntyre According to Reuters, shares in Amazon (AMZN) dropped on concerns about margins in it latest earnings. Reuters writes that RIM (RIMM) will start to market its Blackberry in China. Reuters reports that…
Someone at Wal-Mart (WMT) got into the high IQ pills. The company’s US head, Eduardo Castro-Wright, told analysts that the company would be building few stores in the future. There are so…
Douglas A. McIntyre If you want the best analysis you can get on Wal-Mart (NYSE:WMT), it’s hard to get past the initial reactions by looking at the stock. Shares are down 3% after being up…
Douglas A. McIntyre Plug Power Inc. (NASDAQ:PLUG) has announced that its wholly owned subsidiary Cellex Power Products, Inc. received a purchase order for its GenDrive(TM) fuel cell power units from Wal-Mart Stores, Inc. (NYSE:WMT). The…
Wal-Mart (WMT) is buying out the minority shareholders in Japanese supermarket unit Seiyu Ltd. Wal-Mart owns 51% of the company and it is offering a 61% premium, or $878 million, to get…
Douglas A. McIntyre According to Reuters, Halliburton (HAL) increased its third quarter profit by 19%. Reuters writes that Wal-Mart (WMT) will buy the part of its Japanese operations that it does not own for $350…
Wal-Mart (NYSE:WMT) has been upgraded by Goldman Sachs in a late afternoon research call today. The bulge bracket firm raised Wal-Mart’s rating from a Neutral to Buy. Barron’s also ran an article…
Douglas A. McIntyre