Filed under: Company News Intel Corp. ( INTC ) shares declined after the world’s largest chip maker posted results that trounced analyst expectations , with earnings coming in at 11 cents a share, versus expectations of 3 cents a share. Sales also topped estimated. But the problem was a very cautious...

Filed under: Investing Investors dumped stocks today after a weak retail sales report and lower-than-expected producer price index data showing no inflation . The Dow Jones Industrial Average fell 140 points, or 1.7 percent, to close at 7,918. Citigroup ( C ) gained more than any of the Dow’s...

Filed under: People Fannie Mae CEO Herb Allison is likely to take over from Neel Kashkari, the former Goldman Sachs Group ( GS ) banker who brought his shiny pate to Congress to get kicked in another part of his anatomy for his handling of the Troubled Asset Relief Program (TARP). If approved, Allison’s...

Filed under: Company News , Economy , Earnings U.S. stock futures were mixed in a narrow range Tuesday morning, indicating Wall Street stocks could have a flat open, despite Goldman Sachs topping earnings estimates. It seems investors are much more concerned about the general earnings season and the...

Filed under: Company News , Economy Early last year when the Bush Administration pushed through tax refunds, consumer spending ticked up as the money made its way into the retail markets. But the spending spree was short-lived and retail sales dropped as the recession took hold. The same principles,...

Filed under: Company News , Economy Early last year when the Bush Administration pushed through tax refunds, consumer spending ticked up as the money made its way into the retail markets. But the spending spree was short-lived and retail sales dropped as the recession took hold. The same principles,...

Filed under: Company News The Wall Street Journal reports that Anheuser-Busch InBev ( AHBIF ) is considering selling Rolling Rock, a regionally popular beer brand whose sales have been falling for the past few years. This sale is the latest development in a long, sad demonstration of why A-B’s...

Filed under: Company News Banks that have received TARP money have already run into problems with Congress and the public. Most of these have been due to what has been viewed as excessive executive pay and perks. The way that the firms operate day-to-day has not been a big issue, at least so far. The...

Filed under: Energy , Economy There are two schools of thought on oil prices. The first is that the recession will not last long and that exploration by major oil companies has slowed as oil fields begin to yield less. In this case, oil prices will move back toward $100 over the next year. Another contributing...

Filed under: Investing , Earnings Big financial institutions begin reporting first-quarter results next week. JPMorgan Chase ( JPM ), Bank of America ( BAC ) and Citigroup ( C ), the three largest banks by total assets, and Goldman Sachs ( GS ), the biggest remaining Wall Street firm, are kicking things...