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Oil prices surged again Thursday after Libya threatened to cut production and OPEC's president forecast $170 crude this summer. The Fed's inability to raise rates to support the dollar is also keeping crude prices aloft, as well other commodities like gol
Read Oil Bubble Set to Pop: Crude to Fall 25 Percent in 6 Months, Says Invesco's Garnick (Links)
On a tough day to make the case to buy much of anything, save commodities, Diane Garnick, investment strategist at Invesco, makes the case for technology stocks.A big reason tech is the favorite sector for many fund managers these days: In a
Read Slowing Economy Good for Tech, Says Invesco's Garnick (Links)
Stocks tumbled Thursday morning thanks to disappointing earnings from Research In Motion and renewed concerns about financials as Goldman downgraded Citigroup (to "sell") and the brokerage sector, while Goldman itself was downgraded by Wachovia.
Read Roller-Coaster Survival Guide: Stay Defensive But Active, Says Invesco's Garnick (Links)
From All Things Digital, June 26, 2008: As expected, Yahoo will announce its reorg this morning, along the same lines as BoomTown outlined in detail last week.The only issue that arose was over the appointment of Ash Patel to head the new Global Prod
Read Yahoo Reorg Will Be Announced Today (Links)
From Silicon Alley Insider, June 25, 2008:Yahoo oracle Kara Swisher has been busy today. ...
Read Microsoft Developing Secret Plan to Seize Control of Yahoo Without Buying It (Links)
From All Things Digital, June 26, 2008:So when will Microsoft and Yahoo really start talking again?Much sooner than later, if investors have their way. While the
Read Could Microsoft Get Control of Yahoo Without Buying It Whole? Investors Think So (Links)
Oracle chief executive Larry Ellison and co-presidents Safra Catz and Charles Phillips just spent 45 minutes telling investors how good they feel about their current strategy. You know: the strategy that just delivered them a blow-out fourth quarter. ...
Read Oracle Will Keep Shopping, Just Not in the SaaS Aisle (Links)
With oil prices soaring and the Fed adding inflation to its mounting list of economic worries, all tech eyes were on Oracle Corp. The Redwood shores software giant reported fourth quarter earnings and was touted as no less than the barometer for how corpo
Read Strong Q4 Says More about Oracle than the Economy (Links)
From Silicon Alley Insider, June 25, 2008:The Street thought RIM's Q1 was an easy layup, but the BlackBerry maker missed both revenue and EPS estimates, and issued mixed guidance for Q2. ...
Read RIM Misses Q1 Revenue, EPS; Guidance Mixed; Look Out Below (Links)
Nissan CEO Carlos Ghosn's cautious comments about the state of the U.S. auto market should come as no surprise to anyone paying even cursory attention. But Ghosn also warned about rising steel prices, which could put even more pressure on struggling U.S.
Read Big 3 Automakers: Oh, How the Once Mighty Have Fallen (Links)
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