Restatements

General Electric’s Rank as Worst Dow Stock Unchallenged Last Week

During a week that saw the Dow Jones industrial average lose drop the best part of 1,000 points, it's no surprise that General Electric Co. (NYSE: GE) stock also took ...
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GE to Restate Earnings, Further Damaging Relationship With Wall Street

The stock price of General Electric Co. (NYSE: GE) has fallen by 51% in the past year as the company's results have disintegrated, its longtime CEO has departed and future ...
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6 Most Important Things in Business Today

Months after its founder, Harvey Weinstein, was accused of serial sexual harassment, Weinstein Company will file for Chapter 11. According to The New York Post: The Weinstein Co. said late ...
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Domino's pizza logo

Domino’s Lazy Customer App

Domino's Pizza Inc. (NYSE: DPZ) has released an app for those who know what they want before they order it. The app links to past pizza orders and eating patterns ...
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Citi_logo_black

New Regulatory Communications Slap Citi Earnings and Ratios Lower

Citigroup Inc. (NYSE: C) has just used the children's game excuse of "Do Over!" for the third-quarter earnings. Citi announced after the close that it is lowering its previously reported ...
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Gas pipeline

KBR to Restate 2013 Financials to Include Additional Losses

Not surprisingly, shares of KBR Inc. (NYSE: KBR) took a hit in early trading Monday after the Houston-based engineering, construction, and services company announced its intention to restate its consolidated ...
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KFC Restaurant

Yum! Brands: How Little Things Bring a Company Down

The value of the shares in Yum! Brands Inc. (NYSE: YUM) rose consistently over the past five years, until a few weeks ago they were up well over 100% for ...
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Microsoft Taking $6.2 Billion Charge, Lowers Online Services Growth Expectations

Microsoft Corporation (NASDAQ: MSFT) disclosed that it will need to take a massive charge after the close on Monday. Before you hit the panic button here you really need to ...
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More Despair For Diamond Foods Holders, Risks Remain High (DMND, K, PG)

Diamond Foods, Inc. (NASDAQ: DMND) is facing another round of the firing squad on Wall Street this Monday.  Things are bad enough that this hit yet another 52-week low. Some ...
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Headlines Bad For Diamond Foods, But…. Light at the End of the Tunnel? (DMND)

Diamond Foods, Inc. (NASDAQ: DMND) is adding insult to injury this morning.  The company was never known for its great dividend, but the company is suspending its dividend in an ...
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S&P Cuts Greece to ‘Selective Default’ (NBG)

Greece has all but formally defaulted on its debt if you remove the winks and nods from the 'exceptions to the rules' of what constitutes a default.  Standard & Poor's ...
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Ten Stocks Unlikely To Survive 2012 (ALIM, AMR, APP, EK, ENER, FFN, NRTLQ, PNCL, RDDY, YRCWD)

Calling on the death of a company is no fun task.  Some companies cannot get it right and it is amazing how some companies can hold on to a status ...
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Chimera Accounting Review, A Lesson For Other Mortgage REITs (CIM, NLY, AGNC, HTS, MORT)

Chimera Investment Corporation (NYSE: CIM) is the mortgage REIT which we used to dub "the vulture mortgage REIT" because of its targets in lower-rated mortgage-backed securities. Usually a delay in a ...
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Week’s Big Market Gainers

CarMax shares moved sharply higher as the used car chain posted higher earnings than expected. Used car prices have risen and sales have tracked the upward momentum of those of ...
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Chinese Accounting Woes Move Up To Large Caps (ACH, AA, CEO, CHU, RENN, LFT, ABAT, CCME, SHZ)

Can any accounting out of China be trusted?  This is what prudent investors have to start asking themselves.  Since early this year a new report comes out nearly every week ...
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