7:03am ET
Investing
Google Fights Back In China
Reuters is reporting that Google (GOOG) has taken a stake in Chinese Chinese community Web site Tianya.cn, a move into social networking there. GOOG has stayed out of the business in the…
●
Markets closed
Page 10,070
7:03am ET
Investing
Pre-Market Stock News (August 20, 2007)
(AXP) American Express is selling its private banking unit.(CFC) Countrywide is laying off loan originators and support staff as applications are down and to cut costs.(CHINA) CDC Corp. announced a $225 million…
6:55am ET
Retail
Lowe’s Beats, Up In Pre-Market
Lowe’s (LOW) beat Wall St. forecasts and is trading up over 5% in the pre-market. LOW reported net earnings of $1.02 billion for the quarter ended August 3, 2007, a 9.0 percent…
Douglas A. McIntyre 6:48am ET
Investing
Pre-Market Analyst Calls (August 20, 2007)
AGP raised to Buy at Jefferies.CCO raised to Outperform at Bear Stearns.DELL started as Buy at WRHambrecht.DLTR raised to Outperform at Wachovia.DRI raised to Outperform at CIBC.EQT started as BUy at Deutsche…
4:54am ET
Telecom & Wireless
Is AT&T Cutting Blackberry Features?
Late word from The Inquirer is that AT&T (T) may cut the GPS function from the new RIMM (RIMM) Blackberry so that it will not steal from Apple (AAPL) iPhone sales. AAPL’s…
4:42am ET
Investing
Europe Markets 8/20/2007
Markets in Europe were higher at 5,40 AM New York time. The FTSE rose 1% to 6,126. BHP Billiton (BHP) was up 4.4% to 1278. GlaxoSmithKline (GSK) was up 1% to 1284.…
4:33am ET
Banking, finance, and taxes
Nasdaq Flees London
The Nasdaq Stock Exchange (NDAQ) appears ready to dump its 31% holding in the London Stock Exchange and has hired JP Morgan (JPM) and UBS to find a buyer. According to MarketWatch,…
3:12am ET
Media
Media Digest 8/20/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, the spotlight in an investigation of Dell’s (DELL) accounting practices will fall on whether company founder and CEO Michael Dell had any role in the restatement of numbers. Reuters…
2:43am ET
Investing
Asia Markets 8/20/2007 Huge Rally
Markets in Asia were sharply higher. The Nikkei rose 3% to 15,732. Canon (CAJ) was up 7.2% to 5810. NEC (NIPNY) was up 4.8% to 528. Toyota (TM) was up 4.2% to…
Douglas A. McIntyre 7:36pm ET
Media
A New York Times Digital IPO
The New York Times Company (NYT) has done poorly in the stock market over the last couple of years. That does not make it different from any other large newspaper chain. But,…
Douglas A. McIntyre 6:52pm ET
Investing
Chrysler And The Communists
Senior management at Chrysler has told The Wall Street Journal that the company plans to "expand outside North America by licensing vehicle production, outsourcing manufacturing and building cars in joint ventures with…
6:41pm ET
Banking, finance, and taxes
The NYSE CEO IQ Test
If you want to make CEOs look like buffoons, ask them questions with obvious answers and see if the get them wrong. According to Reuters: "Chief executive officers of companies listed on…
Douglas A. McIntyre 2:43pm ET
Investing
Chasing Michael Dell
Reuters is wondering whether Michael Dell will get caught up in the investigation of Dell’s (DELL) accounting practices. Accountants at the company adjusted numbers to meet financial goals, according to an internal…
1:22pm ET
Energy
Hurricane Dean And $100 Oil
Everyone from the President of Venezuela to one of the big oil think tanks believes that oil could spike well above $70 and remain there. The elements that would contribute to a…
Douglas A. McIntyre 12:19pm ET
Media
Taking Issue With Barron’s Cramer Cover Story (Aug 19, 2007)
It was a bit surprising to see Barron’s used Jim Cramer for the cover story. The article points out that Jim Cramer’s picks have lagged the market. For starters, Cramer rarely gives…