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Things just got darker at Nortel Networks (OTC-NRTLQ) (Former “NT on NYSE). The company today announced an additional 3,200 job cuts. “The Next NVIDIA” Could Change Your Life NVIDIA has...
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Cisco Systems Inc. (NASDAQ: CSCO) is set to report earnings on Wednesday after the close. What is interesting is that the news is expected to be dismal and the guidance is expected to be worse, yet...
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These are some of the top pre-market analyst downgrades we have seen this Thursday morning with more than two hours until the market opens: Aegon (AEG) Cut to Sell at UBS. Apple (AAPL) Cut to...
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We have already highlighted that Nortel Networks Corp. (NYSE: NT) has filed for Chapter 11 bankruptcy protection. But the fallout from the filing continues to reverberate in the industry. For...
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Nortel Networks (NYSE:NT) has just been halted for trading on wire reports that the firm has filed for bankruptcy protection. It is no secret that the company has been in trouble. We noted before...
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The Chinese government has finally set up a system to bring fast wireless 3G service to its citizens. In a country where handsets are used the way that many people in the US and EU use laptops, the...
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Nortel Networks Corp. (NYSE: NT) is trading higher today on news reports that it has received three offers worth nearly U.S. $1 billion for the company’s Metro Ethernet unit. What is interesting...
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A lot of fairly well-known public companies either disappeared or went bankrupt this year. Circuit City is on the list. Based on the most recent news GM may get added soon. 24/7 Wall St. looked at...
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McClatchy Newspapers (MNI) Drops to $.98 as shareholder panic. The 52-week high is $13.31. Stone Energy (SGY) Cuts production view for quarter. Drops to $8.47 from 52-week high of $73.96. Nortel...
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Nortel (NT) Still falling on Chapter 11 concerns. Falls to $.26 from 52-week high of $16.07. Borders Group (BGP) No one buys books from stores anymore. Drops to $.56 from 52-week high of $11.67....
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According to Reuters, retail sales will probably drop further after the holidays. Reuters reports that the shock waves of the Madoff scandal are spreading around the financial world. Reuters writes...
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Huntsman (HUN) Merger deal falls apart. Drops to $2.82 from 52-week high of $25.74. Nortel Networks (NT) As company fights debt problems, Moody’s lowers earnings. Sells down to $.32 from 52-week...
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According to Reuters, the auto bill died in the Senate and there will be no more action this year. Reuters reports that the Bank of America (BAC) will cut as many as 35,000 jobs, Reuters writes that...
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Nortel Networks Corporation (NYSE: NT) is going to be back at the stock game again. The troubled Canadian telecom equipment provider announced today that it was notified today by New York Stock...
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According to Reuters, the House passed a $14 billion bailout bill. Reuters reports that according to Mastercard (MA) retail sales fell sharply in November. Reuters writes that Congress criticized...
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