Japanese game console maker Nintendo announced Friday it will issue rainchecks for its mega-hit console the Wii that guarantees consumers a Wii by the end of January.Complete Story »
IndexUniversesubmits: IndexUniverse.com assistant editor Heather Bell recently spoke with H.Bruce Bond, founder and CEO of PowerShares, about what's next for thefast-growing ETF provider.Complete Story »
IndexUniversesubmits: Since their inception, exchange-traded notes [ETNs] have been acknowledged as a useful vehicle for gaining exposure to some of the more exotic areas of the market. Goldman Sachs is upholding ETNs' reputation with the launch earlier this week of the Claymore CEF Index-Linked GS Connect ETN (GCE).Complete Story »
Hickey and Walters (Bespoke) submit: Following Tuesday's 25 basis point cut in the Fed Funds rate, most investors were disappointed that the Fed did not cut enough. However, the releases of November's PPI and CPI show that the Fed probably had an early peek at these numbers and decided that they could not cut 50 basis points in the face of such elevated inflation levels.Complete Story »
Gilat Satellite Networks Ltd. (Nasdaq: GILT) provides Internet Protocol [IP] based digital satellite communication and networking products and services.Complete Story »
HSBC Holdings (HBC)will be paid the US$ equivalent of $1.46 billion by Taiwan's government to take over Chinese Bank, a unit of the failed Rebar Group. HSBC plans to invest $300M to $400M of new capital into Chinese Bank to boost its capital ratios.Complete Story »
Shares of Black &Decker (BDK)hit a 52-week low Friday after the company lowered its profit target because of a product recall and weak sales in North America.Complete Story »
Torosubmits:Profit margins are falling. When I checked last Friday, sales per share for the S&P 500 was $940.90 while earnings per share was $80.39, giving the market a profit margin of 8.5%.Complete Story »
Chrysler and Nissan (NSANY)are reported to be in private preliminary discussions about cooperating in auto production and supply, although sources say there is no plan to take equity stakes in each other. Respective corporate spokespersons declined to comment.Complete Story »
Rather than a being a financial catastrophe as the subprime mortgage mess has been for most brokerages, Goldman Sachs (GS)is raking in one of the industry's biggest profits in years thanks to a "tiny group of traders," according to a Wall Street Journal report.Complete Story »
Saul Stermansubmits: There's been a lot of varying analysis surrounding the direction of Starbucks (SBUX) over the past several weeks. There are two camps as always, the bulls and the bears. CrossProfitconsensus was categorically in the bear camp from February 7, 2006until mid September 2007 when the consensus broke.Complete Story »
U.S. futures were lower Friday morning, dropping off immediately after the release of November CPI data (8:30 AM ET). The Dowwas down 58 points to 13,540, the S&P 500fell 9.5 points to 1,489 and the Nasdaq 100was lower by 14 to 2,100 as of 8:32 AM ET.Complete Story »
