HOUSTON (Reuters) - Chevron Corp may sell refineries as it continues to focus its downstream business on Asia-Pacific markets, a company vice president said on Tuesday during a presentation to Wall Street analysts.
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It takes all kinds to make a world. Trip Chowdhry of Global Equities Research may not be very bright, but he is intrepid. According to an account in Barron's, the analyst thinks Google's (GOOG) revenue will drop for each of the next two years. "He sees the company posting revenues of $15.71 billion this year, $15.23 billion next year and $14.57 billion in 2010, with profits of $19.44 a share th...
An analyst downgraded the sector, sending many of the stocks lower today.
Closing Bell: Markets bounce after yesterday's sell-off; BA, F, GE, DOW all up, GS down
Tue, Dec 2, 4:22 PM ET
Filed under: After the bell, General Electric (GE), Ford Motor (F), Market matters, Boeing Co (BA), Goldman Sachs Group (GS), Dow Chemical (DOW)Equities managed a comeback after yesterday's huge sell-off. Today was on little economic data, but "less bad" data from companies helped as well as overseas markets stabilizing before U.S. traders woke up this morning. We also did not see the continued...
Picking out a CEO to go in technology right now might seem pointless. The argument could be almost any of them if you count share price only. That is doubly true if you look at just DRAM and flash memory makers. But the one stand-out company which could use a new CEO is SanDisk Corp. (NASDAQ: SNDK). Dr. Eli Harari is a co-founder of the company, and he sits as Chairman, CEO, and as a member of...
Options traders have descended on the smart phone sector Tuesday, with heavy activity in Research in Motion, Nokia and Palm, following poor earnings by the latter, and news of an introduction of Nokia’s entrée into this market. Research in Motion’s options were the most actively traded. The stock was getting hit, down 7.5% after Palm reported less-than-stellar results for its most r...
Today’s tickers: RIMM, BP, NXY, MMM, USB, WFC, GS & GE RIMM – Research in Motion – Terrible results from fellow-handset maker, Palm clouded the prospects for RIMM as well as the mobile phone industry sending shares of the Canadian manufacturer of the Blackberry device 7% lower to $37.02. The company recently faced delays in shipping its novel Blackberry Storm, but news tha...
What exchange traded fund (ETF) investors and Wall Street analysts have suspected for awhile is officially confirmed: the United States is in a recession, and it’s been going on for one year. The question now is, where does an investor go from here? Aaron Siegel for Investment News reports that the National Bureau of Economic Research Inc. confirmed that, numbers and indicators aside, we ...
Semiconductor companies are planning sharp production cuts for both Q4 2008 and Q1 2009, according to a report today by Craig Berger, chip analyst at Friedman Billings Ramsey. He says that PC chip firms are seeing “significant production weakness,” as are communications IC producers - and that semiconductor companies are adjusting their own output accordingly. Here’s a rundown...
The skyrocketing value of commodities sliced into profits at many a corporation in early 2008, as companies suddenly found raw materials costs had doubled or tripled. But anyone who responded to that by trying to hedge against a repeat of that is going to be hit again — this time on the way down. Already, several major corporations have taken hedging-related losses in the third quarter as...