Handset chipmaker Broadcom Corp. reported Friday that an earlier verdict against Qualcomm Inc. that stated it has been violating on three Broadcom patents was backed by U.S. District Court Judge James V. Selna.Complete Story »
MACRO AND HOUSINGInvestors Lose Taste for Large MutinationalsInvestors have grown disenchanted with large-cap U.S. multinationals over the past month, with more bad news still ahead, the Financial Timesreported Friday.Complete Story »
Shares in UK water utility Kelda Group jumped 17% in London trading Thursday after the company said it had received a Ł3 billion ($6.18 billion) buyout offer from a consortium including Citigroup (C)and HSBC (HBC).Complete Story »
The Organization for Economic Cooperation and Development [OECD] believes total global losses stemming from the U.S. subprime crisis could reach as much as $300 billion.Complete Story »
Luxury retailers are poised to have a more profitable holiday shopping season compared to lower-end retail and discounters, because high-end shoppers are better able to manage record fuel prices and housing market weakness, according to a report by Reuters. However even among luxury retailers, only the "upper crust will escape unscathed," while the lower end is "starting to crack under the economic pressures," say industry experts and retailers.Complete Story »
Dan Weisssubmits: On October 9 (just a short month and a half ago), the S&P 500 and Dow Industrials both closed at new all time highs. Since October 9, the market has experienced a 9.5% sell-off in the S&P 500, a 9.7% decline in the Dow and a 12% decline in the Russell 2000 index of small cap stocks. Financial names have been one of the worst hit areas during this period as evidenced by a 19% drop in the Vanguard Financials ETF which gives them a year to date decline of 21%. My investment universe is strictly in microcaps, small cap and mid cap names but I find it amazing to see such huge declines in large cap financial names such as Citibank (C) down 35%, Bank of America (BAC) lower by 20%, Wells Fargo (WFC) 19% lower and Washington Mutual (WM) cut in half in just a month and a half. Complete Story »
GMAC Financial Services, owner of Residential Capital LLC (ResCap), disclosed it would buy as much as $750 million of ResCap's debt securities at above-market prices in an attempt to save the residential lending unit's asset value from slipping below $5.4 billion.Complete Story »
Jaimi Goodfriendsubmits: I always look at absolutes. Growth rates are important, but when production capacities are tight and backlogs are high, absolute supply and demand is what matters. When a company is in a situation where demand for its products is high and global supply is low, the cash flow will keep coming. So in this volatile market, I am buying stocks.Complete Story »
The New York Times reports on a growing trend in Japan among individual investors of reallocating funds invested in the U.S. to faster growing emerging markets. Japanese investors have reduced holdings of domestic mutual funds investing in the U.S. in 16 of the past 17 months.Complete Story »
Investors have grown disenchanted with large-cap U.S. multinationals overthe past month, with more bad news still ahead, the Financial Timesreported Friday.Complete Story »
Bank of America (BAC), Citigroup (C)and J.P. Morgan Chase (JPM)will next week begin looking for partner banks to invest in their SIV-saving superfund, the Wall Street Journalreported Friday.Complete Story »
Stocks discussed in the in-depth session of Jim Cramer?s Mad Money TV program, Thursday November 22.Click on a stock ticker for more analysis:Complete Story »
