5:20am ET
Consumer Electronics
NBC Joins Universal Leaving iTunes
NBC has told Apple (AAPL) that it will not renew its long-term deal with the iTunes store. The GE (GE) unit is "the No. 1 supplier of digital video to Apple’s online…
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Markets closed
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5:09am ET
Cars and Drivers
Toyota: No More Easy Growth
The nice thing about the management at Toyota (TM) is that they tell their rivals ahead of time how badly they are going to crush them. The big Japanese car company says…
4:55am ET
Investing
S&P Chief Out, McGraw-Hill Chief Should Follow
McGraw-Hill (MGP) sacked the head of its S&P unit on the theory that the ratings agency should have seen sub-prime problems coming sooner and downgraded pools of the mortgage-backed securities. It might…
Douglas A. McIntyre 4:50am ET
Health and Healthcare
The Ariad Pharmaceuticals Conundrum (ARIA, MRK)
Business Week has run a brief feature article on Ariad Pharmaceuticals (NASDAQ:ARIA) in its "Inside Wall Street" magazine section and noted that the company’s partner Merck (NYSE:MRK), has "deep pockets." Unfortunately it…
Douglas A. McIntyre 3:31am ET
Media
Media Digest 8/31/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Bush will outline a plan to help holders of sub-prime mortgages. Reuters writes that Dell (DELL) topped Wall St. estimates but sees costs drops slowing. Reuters writees that Freddie…
3:00am ET
Investing
Asia Markets 8/31/2007
Markets in Asia were up shareply. The Nikkei rose 2.7% to 16,569. Honda (HMC) rose 4.4% to 3820. NEC (NIPNY) rose 3.8% to 547. NTT (NTT) rose 2.9% to 538000. Sony (SNE)…
3:58pm ET
Investing
The 52-Week Low Club
Coldwater Creek (CWTR) Week numbers for women’s apparel company. Down to $12.85 from 52-week high of $31.25. Chico’s FAS (CHS) Apparel retailer reports poor earnings. Down to $15.35 from 52-week high of…
Douglas A. McIntyre 3:12pm ET
Investing
Dell: Nothing To Write Home About
Dell (DELL) closed up today. Its shares were up over 2% to $28.36. The company then reported preliminary results for its second quarter of fiscal year 2008, with revenue of $14.8 billion,…
Douglas A. McIntyre 9:22am ET
Investing
No Company Deserves A “Sell” Rating More Than Wal-Mart
Merrill Lynch downgraded Wal-Mart to a "sell" this morning, more humiliation for a management that has already proven that "if it can go wrong, it will go wrong". In the Merrill research…
Douglas A. McIntyre 9:13am ET
Consumer Electronics
Sony Swings For A Double
The new Sony (SNE) Walkman will not be a home run. Apple’s (AAPL) iPod has taken care of that. But, Sony management believes that the new version of its very old product…
8:42am ET
Investing
Coldwater Creek: Retail Downturn Moves Up
Coldwater Creek (CWTR) does not sell the most expensive women’s clothes, but it does market to the 35+ age group and to spas. So, not cheap stuff. But, the company reported crummy…
Douglas A. McIntyre 6:57am ET
Investing
Will Nortel Buy Tellabs? Hopefully Not
Lightreading is reporting that telecom equipment company Nortel (NT) may be close to buying Tellabs (TLAB). NT may have already made an offer of $14 to $15. According to Lightreading, "Tellabs is…
Douglas A. McIntyre 6:39am ET
Investing
More Bad News At Sears
Sears (SHLD) reported a poor quarter this AM. The company reported net income of $176 million, or $1.17 per diluted share, for the second quarter ended August 4, 2007, compared with net…
Douglas A. McIntyre 6:35am ET
Investing
Ciena Jumps Up On Good Numbers
Ciena (CIEN) network specialist, announced results for its fiscal third quarter ended July 31, 2007. Revenue for the third quarter totaled $205.0 million, an increase of 34.4% over the same period a…
Douglas A. McIntyre 6:29am ET
Investing
Early Research Calls 8/20/2007
Merriman upgrades Taser (TASR) from neutral to buy. Lehman (LEH) upgrades Motorola (MOT) from equal weight to overweight. Sun Trust starts Penn Virginia with a buy and $54 price target. Cowen upgrades…