Filed under: International markets, Commodities, Oil, Recession, Financial CrisisHistory is repeating itself, at least in the oil market. Once again, a miscalculation by OPEC -- probably motivated by greed or rational self interest carried to its logical (but foolish) extension -- has resulted in almost the same set of market conditions that resulted when OPEC made the same mistake in 1990-1991...
Results 1 - 10 of 998 for "FELL"
Senate Finance Committee Chairman Max Baucus says he's concerned that a fellow lawmaker is holding up the nomination of a key official to oversee the allocation of the $700 billion bank-bailout fund.
Marvell (MRVL) this afternoon posted revenue for its fiscal third quarter ended November 1 of $791 million, with non-GAAP profits of 23 cents a share. The Street had expected the chip maker to post $793 million and 21 cents. In a statement, CEO Sehat Sutardja said that while results were in line with expectations, “we continue to experience limited visibility into the near-term demand for...
OmniVision (OVTI) this afternoon warned that results for its fiscal third quarter ending in January will be much lower than the Street had been anticipating. For FY Q2, the image sensor company posted revenue of $163.9 million and non-GAAP profits of 19 cents a share, close to the Street consensus of $166.4 million and 18 cents. But the guidance, oh my. OmniVision now sees revenue for the Janua...
Hedge funds have had a lousy year, losing an average of 10.8%. But two hedge funds -- big winners in 2007 -- kept making money this year as well. Meanwhile, those two winners mask an awful lot of losers who will probably find their way into oblivion. The winners for 2008 (at least through September) are run by James Simons (a math genius whose money-making techniques elude explanation) and John...
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...
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...
The dollar fell against major currencies Tuesday as stocks rallied and investors awaited the expected rate cuts of European central banks.
The market for DRAM chips continues to collapse, making life rough for Micron Technology (MU) and other memory chip companies. According to DRAMeXchange.com, spot market prices for DRAM chips last week fell between 5% and 15%, depending on specific configuration, to new historic lows. For DDR2 1Gb chips, the price last week dropped to 68 cents, from 80 cents, with a 34% drop in November. For DD...
Filed under: Major movement, Earnings reports, Good news, Industry, Sears Holdings (SHLD), Options, Technical AnalysisSears Holdings (NASDAQ: SHLD - option chain) shares have jumped higher today even after the company announced a Q3 loss that included slowing sales and falling margins. Earnings and revenues fell, but an extension of the company' s buyback plan is boosting the shares today, alon...