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According to Reuters, lenders will object to the Chrysler Chapter 11 filing. Reuters reports that Switzerland is asking US a court to halt a case against UBS (UBS). Reuters reports that SMFG will...
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The evidence keeps mounting that competing with the Apple (AAPL) iPhone is a losing game. According to the new JD Power survey of customer satisfaction among smartphone owners, the iPhone beat...
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Motorola (MOT), the cult stock of losers and former target of Carl Icahn’s wrath, posted poor earnings yet again. For the first quarter, revenue at the handset and telecom equipment company was...
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As the executives at Apple (AAPL) were passing around the Dom Perignon, their counterparts at other companies which design and manufacture smartphones were putting all sharp objects out of reach. In...
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The recent earnings numbers from China’s big telecom firms illuminated more than their profitability. One of the assumptions about the health of the global handset makers and companies that build...
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It won’t be a nice day to go to work at Motorola (MOT), Samsung, or Sony Ericsson. Their larger competitor, Nokia (NOK) said it sold 19% fewer phones in the first quarter than it did in the same...
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According to Reuters, banks have been asked to keep the results of the “stress tests” of their financial conditions confidential. Reuters reports that the Fed says its current plan is to prevent...
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Based on recent data on handset sales from research groups, Motorola (MOT), and Nokia (NOK) reinforced their forecasts that global cellphone demand could drop modestly this year It would be the first...
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These are the top analyst upgrades and positive calls we have seen from Wall Street this Wednesday morning: Big Lots (BIG) Raised to Overweight at JPMorgan. Capital One (COF) Raised to Buy at Stifel...
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According to Reuters, AIG (AIG) will receive as much as $30 billion from the government in a deal which pieces of some of the insurance company will be owned by the Fed. Reuters reports that HSBC...
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According to Reuters, JPMorgan (JPM) cuts its dividend. Reuters reports that AIG (AIG) got bids from Met Life and Axa for its life unit. Reuters says that healthcare spending is taking a higher...
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These are ten of the top analyst upgrades and downgrades from Wall Street this Monday morning with more than two hours until the market opens: AT&T (T) Raised to Buy at Goldman Sachs. DryShips...
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Billionaire and activist investor Carl Icahn has made some large changes to his portfolio holdings. He and Icahn Capital, L.P. have not been immune to the market sell-off as you have seen in his...
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According to several media reports, Nokia (NOK) says it will cut several hundred employees and temporarily lay off 2,500. Nokia blames the move on the declining market for handsets around the world....
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Much of the crisis in the banking industry has been blamed on the inaction of the boards of directors at companies including Bank of America (BAC) and Citigroup (C). Some of Citi’s most prominent...
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