MOTNOKMotorola's (MOT) fate looks worse as rivals falter12/01/08
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Filed under: Motorola (MOT), Nokia Corp. (NOK)Motorola's (NYSE: MOT) share of global handset sales has fallen from about 22% three years ago to 12%. Its cell phone division revenue is dropping at a rate of over 30% and loses money ever quarter.
For Motorola to break back into the black, it not only n...
The end of big credit card balances12/01/08
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Filed under: Industry, Housing, Recession, Financial CrisisGetting a bank card with a big line of credit used to be as easy as pie. Make an application and get 25% of your annual income as a line. Then spend, spend, spend. Who cares that the annual interest rate might be 18%? Use that home equity loa...
UAW may be auto bailout's biggest loser12/01/08
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Filed under: Industry, EmployeesSomething has to give if Detroit is going to get Congress to loan it money. Some suppliers may have to take haircuts on their prices. Some debt-holders may have to convert their paper to equity or accept cents on a dollar for payouts.
But, the UAW may be the party that...
Holiday retail: sales are not profits12/01/08
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Filed under: Earnings reports, Industry, Economic data, RecessionSanta is losing money on every delivery. That makes paying for reindeer feed tough.
Analysts looking at US retail sales for Black Friday say that there has been a slight improvement over last year. But, that may not mean much to retail...
GMFGM (GM) and Ford (F): no US bailout, go to Sweden12/01/08
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Filed under: Ford Motor (F), General Motors (GM)Just in case the US Congress will not bailout Ford (NYSE:F) and GM (NYSE:GM), the car companies are turning to the Swedish government to help their Volvo and Saab units. The government there does not want to see a lot of lost jobs, so it might just put ...
Big OPEC meeting goes nowhere11/30/08
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Filed under: Oil, RecessionWith oil moving toward $50 a barrel, it would be fair to assume the OPEC would push to tighten supply as soon as possible. Some of its members, particularly Venezuela and Iran, say that their national economies are suffering now that oil is well down from summer prices whic...
YHOOMSFTDid Microsoft (MSFT) just cut deal to buy Yahoo! (YHOO) search?11/30/08
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Filed under: Microsoft (MSFT), Yahoo! (YHOO)The Times of London says Microsoft (NASDAQ:MSFT) is on the brink of taking control of Yahoo!'s (NASDAQ:YHOO) search business. AllThings Digital says the story is hogwash.
According to the UK paper, "Microsoft is in talks to acquire Yahoo's online search bus...
Rubin says Citigroup not his fault11/29/08
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Rubin says Citigroup not his fault originally appeared on BloggingStocks on Sat, 29 Nov 2008 07:16:00 EST. Please see our terms for use of feeds.Permalink | Email this | Comments...
The landmine of commercial real estate11/28/08
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Filed under: Economic data, Financial CrisisSome retailers will be OK after this holiday season. They are big enough or have strong enough balance sheets to keep them afloat.
But commercial real estate loans could push some businesses to the wall, and soon.
According to the AP, one expert pointed out...
GMGM to dump Pontiac11/27/08
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Filed under: General Motors (GM)General Motors (NYSE: GM) is considering dumping Saturn, Pontiac, and Saab in an attempt to cut costs as it looks at a restructuring and government bailout. According to Bloomberg, "General Motors Corp., working to cut costs to win $12 billion in government loans, is s...
The incredible disappearing dividend11/26/08
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Filed under: Market mattersFor decades now, when there has been a stock market downturn, shares may have lost their value, but investors could always rely on big companies to pay dividend to get some return.
Not anymore, and that makes life for the individual investor even harder.
According to Bloomb...
CAIGMore money for AIG11/26/08
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Filed under: Citigroup Inc. (C), Amer Intl Group (AIG), Financial CrisisAIG (NYSE: AIG) seems to be shifting money from one bucket to the other. The net effect is that it owes the government a huge sum, which is not dropping.
According to Reuters, "American International Group Inc says it has complet...
NFLXAMZNBlockbuster (BBI): Another TV gadget no one will use11/25/08
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Filed under: Products and services, Apple Inc (AAPL), Amazon.com (AMZN), Netflix, Inc. (NFLX), Blockbuster Inc 'A' (BBI)Blockbuster (NYSE: BBI) is the latest company in the world. It was late to get into the business of sending DVDs in the mail and got murdered by NetFlix (NASDAQ: NFLX). It was late ...
GOOGA little trouble shows up at Google (GOOG) -- reducing contract workers11/25/08
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Filed under: Google (GOOG), EmployeesThere have been plenty of rumors that revenue growth is slowing at Google (NASDAQ: GOOG). The company appears to be subletting some of its office space in New York City. Sites that use the search firm's AdSense program say CPMs are falling.
The temptation is to be...
HPQWeaknesses in HP's (HPQ) quarter11/25/08
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Filed under: Earnings reports, Hewlett-Packard (HPQ)Hewlett-Packard (NYSE: HPQ) pre-announced earnings and issued a strong forecast earlier this month. The market was pleased and expected no surprises when the big tech company put out its final results yesterday.
Things did not work out exactly as pl...
RTPBHPCredit crisis kills on of the largest mergers ever proposed11/25/08
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Filed under: Deals, BHP Billiton Ltd ADR (BHP), Rio Tinto plc ADS (RTP)Huge mining and metals company BHP Billiton (NYSE:BHP) has been chasing competitor Rio Tinto (NYSE:RTP) for nearly a year. The BHP management has reasoned that combining the two companies would create billions of dollars in annual...
MARetail sales still getting worse, current projections a joke11/24/08
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Filed under: MasterCard Inc'A' (MA), Economic data, Financial CrisisMasterCard (NYSE:MA) runs one of the best retail tracking systems in the country. That makes sense given how many transactions involve its cards.
Numbers from its data collection system verify that retail sales are bad, but the lates...
GMFDetroit's newest idea: Government should help sell cars11/24/08
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Filed under: Ford Motor (F), General Motors (GM), Economic data, Federal Reserve, Financial CrisisDetroit can't sell cars. Perhaps it is because they are too expensive. Perhaps buyers can't get credit. Or, maybe autos made in Japan and Germany are simply better-built.
No matter. The Big Three are now...
CAIGGovernment saves Citigroup (C), gets in deeper11/24/08
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Filed under: Citigroup Inc. (C), Amer Intl Group (AIG)Add another $308 billion in balance sheet guarantees and another $27 billion more in invested capital to the $100 plus billion which has gone into AIG (NYSE:AIG) and the $250 billion or more that the Treasury has put into a number of large banks. ...
King of holidays: Credit card companies or retailer?11/23/08
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Filed under: Consumer experience, RecessionCredit card companies want to limit the use of their plastic this holiday to those who can afford to pay the money back. Retailers want to see those cards flashed around everywhere. Welcome to the recession where economic interests mean that someone wins and...
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