Do you get the feeling that FOMC Chairman Ben Bernanke is lowering interest rates more because that is what the markets want, and less because it is actually helping the problems we have in the housing and credit markets? The debate has long been whether or not the mortgage crisis will be contained or spread into the rest of the economy.
A profile for investment banker Roger Ehrenberg, President of Monitor110, which uses feeds and search algorithms to scrape financial information from millions of blogs and present it to users. With $20 million in funding and a hot concept, Monitor110 is poised on the cusp of a revolution.
Alan Brochstein of Analyst for Hire created a screen using StockVal.com of stocks he thinks are over-sold. In the screen he used the following parameters: current prices above 5, market capitalizations in excess of $100mm, PE below 20, Price/Book below 3 and Total Debt to Capital below 20%.
Caterpillar, one of the world's largest construction equipment makers, said Friday its third-quarter earnings rose 21% but the company lowered its outlook for the year.
Caterpillar earned $1.40 per share from $11.44 billion, analysts were expecting a profit of $1.43 per share on revenue of $11.19 billion.
Charles Schwab said income from continuing operations rose to $323 million, or 27 cents a share, from $230 million, or 18 cents a share the previous year. These results exclude the impact of U.S. Trust, the private-banking business that Bank of America agreed to buy last year resulting in a $1.2 billion after-tax gain. The transaction was completed this summer.
Yes, it would seem the stars are aligning for Rocaâ€™s Max molybdenum mine. The Max molybdenum mine, located 60 km south Of Revelstoke B.C., will be Canadaâ€™s first new molybdenum mine. Rocaâ€™s competitors are jostling to get in on this recent â€œmoly maniaâ€, but the commissioning of new mines is a capital and time intensive venture.