Closing Bell: What recession? Earnings make six-week run (C, GE, DRYS, ERTS, MAT, GOOG)

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Closing Bell: What recession? Earnings make six-week run (C, GE, DRYS, ERTS, MAT, GOOG)

Filed under: Google (GOOG) , General Electric (GE) , Citigroup Inc. (C) , Mattel, Inc (MAT) , Electronic Arts (ERTS) Today was a very light event day outside of two DJIA components reporting earnings. We saw another instance where stocks held on to gains and did not sell the news too bad. It looks like...
Fidelity to reward individuals for their contributions, a revolutionary move

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Fidelity to reward individuals for their contributions, a revolutionary move

Filed under: Company News An interesting article crossed my desk this morning. Turns out Fidelity Investments may cut bonuses and profit-sharing this year , if the recession continues. Fidelity’s president, Rodger Lawson broke this news to his employees in a memo. That said, Fidelity spokeswoman...
Google earnings could spark tech rally or wash away recent gains

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Google earnings could spark tech rally or wash away recent gains

Filed under: Company News , Technology , Earnings Technology investors will be focused today on the main event of this tech earnings season: Google earnings. If impressive, they could spark a tech rally. If unimpressive, recent tech gains will be quickly washed away. “They will exceed expectations,”...
Sony goes down market with affordable camcorder to save its bacon

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Sony goes down market with affordable camcorder to save its bacon

Filed under: Company News , Economy Bad earnings and the recession are making Sony ( SNE ) look at whether its traditional way of doing business can allow it to prosper in the current economic environment. Sony has a plentiful supply of problems. Its PS3 game console still lags sales of the Microsoft...
Fannie Mae’s Allison to head TARP?

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Fannie Mae’s Allison to head TARP?

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...
March retail sales show slack demand

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March retail sales show slack demand

Filed under: Economy So far, the inflation hawks — who argue that the large fiscal and monetary stimulus deployed by the federal government will lead to raging inflation — have a pretty weak case. Producer prices fell 1.2 percent in March, with the core rate registering no increase, the...
Stocks in the news: Goldman Sachs, Johnson & Johnson, General Motors

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Stocks in the news: Goldman Sachs, Johnson & Johnson, General Motors

Filed under: Company News Goldman Sachs ( GS ) reported a larger-than-expected quarterly profit of $1.8 billion after the close on Monday. The bank earned $3.39 a share, more than double the $1.64 average of 16 analysts surveyed by Bloomberg News. It also announced plans to sell $5 billion in stock...
$77 billion more to bail out bankrupt GM?

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$77 billion more to bail out bankrupt GM?

Filed under: Company News Thanks to decades of mismanagement, General Motors Corp. ( GM ) is on the brink of bankruptcy. It has about six weeks to accept the outlines of a Treasury plan and fill in its blanks. And GM will not simply be liquidated. Instead, $77 billion more in taxpayer money —...
Investors look for hopeful signs

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Investors look for hopeful signs

Filed under: Company News , Columns Investors have had little reason to be hopeful during the past two years as the economic news seems to get more depressing by the day. But lately, the stock market has turned optimistic and investors begin the week bracing themselves for any word that the good times...
Massucci’s Take: Fed minutes are looking the wrong way - backward

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Massucci’s Take: Fed minutes are looking the wrong way - backward

Filed under: Columns , Economy , Investing Many investors Financenotes from the meetings of the Federal Reserve — the most recent were published Wednesday — looking for tips and insights that will help them make money today, tomorrow and in the near future. Heck, these days some are simply...

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