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 Reuters reports that "Li Changjiang, the head of General Administration of Quality Supervision, Inspection and Quarantine, said factory owners in the southern province of Guangdong, China’s manufacturing heartland, told him business was…
Douglas A. McIntyre This was a long and crazy week for stock traders, but the Bond weasels got Monday off and only had a four-day work week. Thursday was the mystery tank day when the…
Wal-Mart (WMT) CEO Lee Scott had a special message for his investors and customers. Chinese stuff may break or be dangerous. But, it is cheap. "Right now, the way it works, our…
Douglas A. McIntyre For the period ending October 3, Wal-Mart (WMT) same-store sales rose 1.4%. Total company revenue rose 10% for the period to $34.4 billion. International sales were the big driver, moving up over…
Douglas A. McIntyre Wal-Mart (WMT) does what it can to fight local taxes in areas where it has stores. According to a study by Good Jobs First picked up by The New York Times "the…
Douglas A. McIntyre According to Reuters, economists cut forecasts for US growth for the third month in a row. Reuters writes that IBM (IBM) and Second Life will work on ways to eventually let people…
Wal-Mart (WMT) is teaming up with Hughes Communications (HUGH) to sell satellite-based broadband, according to a report in BusinessWeek. While DSL and cable have much larger customer bases, the entry of Wal-Mart…
Douglas A. McIntyre According to Reuters, RIM (RIMM) posted strong earnings and added it 10 millionth subscriber. Reuters writes that Wal-Mart (WMT) is already getting ready for holiday price wars by beginning to drop prices.…
According to Reuters, RIM (RIMM) posted strong earnings and added it 10 millionth subscriber. Reuters writes that Wal-Mart (WMT) is already getting ready for holiday price wars by beginning to drop prices.…
According to Reuters, Verizon (VZ) is launching three new phones for the holidays, One will compete directly with the Apple (AAPL) iPhone. Reuters writes that Microsoft (MSFT) is releasing a new version…
GE (GE) has been hoping that growth in the developing world would begin to offset slower sales in places like the US and Europe. It may be that they are finally getting…
Online retailer Amazon (AMZN) hit a 52-week high last week. So did Priceline (PCLN), Expedia (EXPE), and eBay (EBAY). Even Overstock (OSTK) made the list. On the 52-week low side of the…
No one would be surprised to see mortgage lender Countrywide (CFC) of the list of biggest losers for the third quarter The company’s shares were down 48% to $19. The fall of…
Forbes has released its list of the 400 wealthiest Americans. We really wanted to see the corporate impact of the wealthy. What is interesting is to compare how these companies tied to…