Reynolds' Shift in Strategy?Reynolds American (RAI) is in advanced negotiations to take over Niconovum, a Swedish maker of nicotine-replacement products that helps people quit smoking.According to th

If you’re uncertain as to the central rationale being made by the bulls for this overvalued equity market getting even more overvalued, here’s the argument in a nutshell:  Low lev

Editor's Note: This article was written by Reid Holloway, a consultant who created The RLH Volatility Model.When all else fails, try being calm and rational. Problem is, the calm and ration

Gold Continues to Shine Gold futures continue to extend their gains this morning after breaking out of a three-month range yesterday. According to the Financial Times, the yellow metal pushed prices

AK Steel Raises Prices for Carbon Steel Good news for steelmakers. AK Steel (AKS) said its raising prices for carbon steel products. The West Chester, Ohio-based company said today it will raise spot

New Apple iPods Coming? Apple (AAPL) could unveil a new line of iPods as soon as next week. According to the Wall Street Journal, the Cupertino, California-based company has already sent out invitati

Editor's Note: James Kostohryz was formerly the head of international investments for a major Brazilian investment bank.I think Jeremy Grantham deserves congratulations for changing his position from

Stressed Out BanksShares of Bank of America (BAC) and Citigroup (C) are down sharply in pre-market trading after a report said, based on early results of the government stress test, that banks may ne

Janet Yellen, president of the San Francisco Fed, says the US economy isn't out of the woods yet. In a report by Reuters, Yellen -- a voting member of the Federal Open Market Committee in 2009 -- sai

US Banks Insolvent?New York University Professor Nouriel Roubini says the majority of US banks are insolvent and must be nationalized. Speaking in a Bloomberg Television interview in Davos, Switzerla