Editor's Note: This article is a collaboration between Bennet Sedacca and Professor Rob Roy. It first appeared on Minyanville on February 8, 2008, and, in light of recent events, has been r

Bloomberg reports Merrill Lynch’s (MER) and Citigroup’s (C) second-quarter earnings estimates were cut by Oppenheimer analyst Meredith Whitney due to expectations of further writedowns rel

Stocks to watch for Friday, June 27, 2008:  American International Group (AIG) said it will take $5 billion in losses of sales of investments from a dozen insurance units hurt by the subpr

The Holy Grail de jour of financial market prognostication is predicting the bottom in housing. It's a fool's errand, however. Investing based on a perceived end to declining property values has&

According to Bloomberg, the New York Times Company (NYT) said today that advertising revenue at its newspapers and Web sites fell 13% in May. It was the biggest monthly decline this year for the third

To drill or not to drill? What's good for offshore drillers such as Transocean (RIG), Noble Corporation (NE) and ENSCO (ESV) isn't necessarily good for consumers. Even a major oil discovery off the co

South Africa’s electricity provider, Eskom, was given permission to raise prices another 13.3 percent (starting in July) after already being given permission to raise prices 14.2 percent, for a

Social networking is moving from infancy to adolescence, as the market landscape evolves and competing business models vie for superiority.Venture capitalists are betting LinkedIn can thrive in an inc

Hello from New York where, whatever "life-related" challenges I might be presented with today, at least I'm not FedEx (FDX). In addition to FDX's much publicized earnings warning this mornin

Citrix Systems (CTXS): Just yesterday this stock was downgraded. In the interview with Reuters the CFO is calling for a strong second half, though he cited continued sluggish results in the U.S. Virtu