Baidu.com, Inc. (NASDAQ: BIDU) looks like an analyst convention started on the steps to its corporate headquarters. The Chinese search giant did manage to score an upgrade, but it also took a downgrade and saw a price target slashed. Credit Suisse raised Baidu.com to Neutral from Underperform; target raised to $184 from $138. Citigroup cut it to Sell from Buy; new target is $110 from $300 in a...
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PARIS (AP) -- Air France-KLM Group said Thursday its profit plunged in the second quarter as higher oil prices and financial charges weighed on the airlines' earnings....
Air France-KLM, Europe’s largest flag carrier, on Thursday reports a 96% drop in second-quarter profit as fuel costs surge and the value of hedges to protect against fuel and currency moves drops.
The warehouse club's third-quarter earnings beat the Street as Americans sought out discounts.
The FOMC minutes were just released from its recent 10/28 - 10/29 meeting. Here are the highlights: The information reviewed at the October meeting indicated that economic conditions deteriorated in recent months. The labor market weakened further in September as private payrolls fell at a faster pace than earlier in the year and the unemployment rate remained above six percent. Industrial prod...
A roundup of the latest corporate earnings reports and what companies are saying about future quarters.
This 2 part series will cover recent market developments about Berkshire Hathaway, points to a strategy on how you may benefit more on the same trades he did recently and an option trading strategy that probably Berkshire uses for maximizing it returns on the underlying they find worth investing. Don’t forget to read the big picture of US stock markets. Markets are behaving pretty much th...
Embattled U.S. banking giant Citigroup Inc. (C) has agreed to buy back $17.4 billion of assets remaining in a series of funds known as structured investment vehicles, or SIVs, after it previously agreed to guarantee the liabilities in those funds. In a separate story today (Wednesday), Wall Street banking analyst David Trone said that he expects higher credit costs and additional losses to forc...
We are maintaining our Hold on Barclays PLC (BCS), but cutting our target price to $9.25. In its third quarter trading update, Barclays noted that profit before tax for the 2008’s first nine months was slightly ahead of 2007. Revenue growth was strong, and costs grew broadly in line with the rate of income growth. Impairment charges grew at a similar rate to the first half of 2008. Barcla...
Filed under: Earnings reports, Trina Solar ADS (TSL), Suntech Power Hldgs ADS (STP)Increasing demand for solar energy and solar products proved to be a boon for Trina Solar Ltd. (NYSE: TSL) and LDK Solar Co. Ltd. (NYSE: LDK) as both companies reported Wednesday that their earnings soared in the third quarter. Investors were not impressed, however, pushing shares lower. Trina Solar, a maker of s...