In what was supposed to be a display of confidence, newly anointed Xerox director Chuck Prince, the man who came about as close to Citigroup as any mortal could have, has acquired…
Douglas A. McIntyre According to Reuters, Bank of America (BAC) will pay the president of Countrywide (CFC) $28 million to stay and run the company after the buy-out is complete. Reuters writes that the chairman…
We are full blown into earnings season now. These are not all of the stocks in the news, but this is a good portion of the news in individual stocks for traders…
After the financial meltdown and after the new tech wreck, many of the same stocks and same REIT’s keep appearing over and over on the list of new 52-week lows. Here are…
According to Reuters, some auto industry experts think car sales could hit a 15-year low in 2008. Reuters reports that the OPEC summit ended with members disagreeing about what to do about…
AAUK cut to Hold at Citigroup.ANPI cut to Sector PErform at both RBC & CIBC.APPB cut to Underperform at Wachovia.ASH cut to Underperform at Credit Suisse.AXP cut to Equal Weight at Lehman.BHP…
(AMD) Advanced Micro Devices -$0.71 EPS vs -$0.62 est.(BSX) Boston Scientific $0.20 EPS vs $0.07 guidance.(CAT) Caterpillar $1.40 EPS vs $1.43 est.; narrows 2007 guidance.(FITB) Fifth Third $0.71 EPS vs $0.68 est.(GOOG)…
In 1942, economist Joseph Schumpeter came up with the notion of "creative destruction". The term became more popular in the 1970s and 1980s as Wal-Mart (WMT) ran K-Mart out of town and…