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...
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As a result of tumbling fuel prices, unprecedented capacity reductions and added revenue from new fees, several airlines reiterated their positive outlooks Tuesday, saying they expect a turnaround worth billions of dollars.
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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...
Filed under: Products and services, Hewlett-Packard (HPQ), Best Buy (BBY), Black Friday Dell Inc. (NASDAQ: DELL) came in second to global PC sales leader Hewlett-Packard Co. (NYSE: HPQ) during the Black Friday shopping frenzy and the ensuing weekend, according to analyst firm Thomas Weisel Partners. The report, however, analyzed sales only at a single retailer, Best Buy Co. (NYSE: BBY).Thomas W...
Multinational corporations, for several quarters, saw their earnings grow as a result of the weakness of the U.S. dollar. Since the dollar reversed course and began to strengthen in the mid-summer, this advantage has eroded. After reporting third-quarter earnings, the guidance issued by many multinational companies was based on certain assumptions of the dollar’s strength. Some of those c...
The market action yesterday was pathetic. I am usually not so blunt, but there is no other way to sugar coat it. Most people want to know "what happened"? But there was no real smoking gun. It was a pure buyers strike.Stocks plummeted on relatively low volume. And if you don't believe me about the buyers strike, take a look at the ARMS Index (a measure of buying vs. selling pressure), which hit...
China's online gaming pioneer beats the pros.
Shares of fertilizer companies were the rage for a good part of 2008. Lately they’re just another kind of fertilizer. Those stocks are among the weaker names in the equity markets Tuesday, while the broader market recovers from Monday’s devastating selloff. The catalyst was bad news out of Mosaic Co., which said fiscal second-quarter phosphate sales dropped due to soft market condit...
Filed under: Ford Motor (F), General Motors (GM), Employees, Financial CrisisThe Big 3 CEOs are trying to turn lemons into lemonade.After being pilloried by members of Congress for flying in separate corporate jets to beg for a $25 billion bailout from the federal government, Rick Wagoner of General Motors Co. (NYSE: GM), Ford Motor Co.'s (NYSE: F) Alan Mulally and Robert Nardelli of Chrysler L...