According to Reuters, GM (GM) offered buy-outs to workers after posting a large Q4 loss. Reuters writes that Warren Buffett offered to insure $800 billion worth of bonds currently insured by monoline…
According to Reuters, Societe Generale will raise almost $8 billion at a large discount to its current stock price. Reuters writes that Hugo Chavez has threatened to seize foreign milk plants in…
Venezuela nut-case and president-for-life Hugo Chavez says no more oil for Uncle Sam. American’s most profitable company, Exxon (NYSE: XOM), has court cases pending to try to get reparations for assets taken…
Douglas A. McIntyre Just as unstable Venezuelan president Hugo Chavez thought he was making off with $12 billion in Exxon assets the world largest oil company got him into court. The Exxon property was being…
According to Reuers, Exxon (XOM) won a court order freezing $12 billion of its assets in Venezuela. Reuters writes that Congress has passed an economic stimulus package and sent it to Bush.…
It appears that record oil prices really are paying off for Exxon Mobil Corp. (NYSE: XOM). The largest company by market cap is reporting that it made some $11.66 Billion in quarterly…
Douglas A. McIntyre According to Reuters, Chinese mining group Chinalco and Alcoa (AA) have bought 12% of Rio Tinto (RTP) setting up a potential bid against BHP Billiton (BHP). Reuters writes that Motorola (MOT) is…
We are over half-way through earnings season now, but we still have four DJIA components set to report earnings this week. We’ve also provided a link here to see which targets are…
The market may be down 600 points today. If the selling picks up, it is hard to predict a bottom. There are a very few shares which should be a good defense…
GE’s (GE) numbers were OK. There was no real difference between expectations and what really happened. GE hit a 52-week low yesterday, so the company’s world does not look so good to…
A number of experts say that companies, especially financial services firms, will cut dividends in 2008. CNN Money writes that "dividend cuts or suspensions will continue to pick up among financial services…
2007 was one volatile year and for now it appears that will be the norm for at least the start of 2008. Everyone’s favorite market pundit or least liked pundit is obviously…
LDK Solar Co.Ltd. (NYSE: LDK) shares were up 20% late Monday after an independent audit report put the inventory errors that had been in question at zero. Shares of First Solar (NASDAQ:…
AT&T (T) raised its dividend today and upped its share buy-back. The company’s stock is up almost 9% on the news, the most in five years, according to Bloomberg. It looks like…
Oil is not at $200. It trades just below $100, and there are some reasons it could drop. The economies in the US and Europe are probably slowing, which should bring down…