Filed under: Next big thingNot long ago, the sentiment of Web 2.0 startup founders was fairly consistent. Basically, the IPO market would come back; the online advertising market would continue to grow; and valuations would continue to escalate. Well, it looks like things have not gone according to plan. If anything, it looks like we are seeing the return of the dot-com implosion. However, this...
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MySpace co-founder sees killer deals for established players that can purchase cash-strapped startups
Closing Bell: Markets bounce after yesterday's sell-off; BA, F, GE, DOW all up, GS down
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...
A GAO report said that the Treasury failed to address a number of critical issues while implementing the financial rescue, including how to ensure its efforts are successful. (Report)
Filed under: DJIAWhile Bill Gross is big-time bond trader for Pacific Investment Management Co., he also has some interesting takes on the equities markets. Unfortunately, his views are fairly pessimistic. According to Gross, the stock market can be somewhat nuanced. In fact, he compares it to a "fragile flower where price is part perception, part valuation, and part hope or lack thereof." In h...
Filed under: Delta Air Lines (DAL)Delta may still be ready when you are, but in 2009 they're not going to be as big. Citing the global recession, Delta (NYSE: DAL) announced that it will cut an additional 6-8% of capacity in 2009. The move will result in an up to 10% reduction in domestic capacity, when one includes the impact of previously-announced operational cuts. Delta also said it will el...
There was room for optimism in the big conglomerate's new strategic outlook.
Filed under: Rants and raves, Money and Finance Today, Wachovia Corp (WB), Wells Fargo (WFC), Chasing Value, Stocks to Buy, Best Stocks for 2008This has been a terrible year for financial institutions. However, Wells Fargo (NYSE: WFC) has been able to make it through the obstacle course better than most.The stock has been up and down with the market but the scandals and large write-downs that h...
Filed under: Good newsIt must be something in the water in Bentonville, Arkansas. The tiny town is home to Wal-Mart (NYSE: WMT), of course, but also the less famous America's Car-Mart (NASDAQ: CRMT), which operates 92 used car dealerships in the South-Central United States.While the auto industry is mired in the biggest downturn in its history, America's Car-Mart is posting some pretty impressi...
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...
