The U.S. dollar made gains against the euro as the currency lost its luster because the deteriorating market conditions and sent related exchange traded funds (ETFs) down. Investors are simply not taking any risks and European banks are considering yet another rate cut, by about 0.75% as early as Thursday, reports GCI Financial for Daily Markets. Next year is not expected to get any smoother, s...
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General Motors Inc. is sort of the anti-Ross Perot, the company that informs you that no matter what the circumstance, it still needs a boatload of money just to make getting up in the morning worth it. The automotive giant (ish) asked for $18 billion in federal loans, one-and-a-half times the size of what it asked for a few weeks ago, amid a 41% decline in auto sales in November. But the thin...
Retailer looks for a new niche and undertakes some financial engineering to boost share price.
MySpace co-founder sees killer deals for established players that can purchase cash-strapped startups
Tue, Dec 2, 5:00 PM ET
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...
The recession officially began this past January, NBER tells us. With that out of the way, we can now focus on the burning question: When will it end?There are many clues for pondering the timing of the business cycle. Calling the turning point in advance is never easy, and in fact it's quite a bit harder these days. The magnitude of the economic and financial ills is to blame. In a perfect sto...
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...
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...
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...