When Sirius Satellite Radio and XM Satellite Radio merged into Sirius XM Radio, few people noticed that the word “satellite” had been quietly removed from the new company’s name. Ironically, the founder of Sirius recently made headlines in stating that Satellite Radio had missed its opportunity and that streaming free Internet radio represented...

Five public pension funds are seeking lead status in a class-action suit against Bank of America Corp., alleging that the nation’s largest bank by assets made “untrue statements” in the run-up to its purchase of Merrill Lynch & Co. This is just another clear sign that nobody from Ken Lewis on down has a clue how to effectively...

LOS ANGELES (MarketWatch) — Treasury Secretary Timothy Geithner is expected to propose sweeping new financial regulations during Congressional testimony Thursday, including tougher government oversight of financial risk taking, reports said. According to reports in The Wall Street Journal and Washington Post, Geithner’s proposals —...

Daniel Hannan, MEP for South East England, gives a speech during Gordon Brown´s visit to the European Parliament on 24th March, 2009.

With Red Hat’s (RHT) fourth-quarter earnings beating estimates coming in at .22 per share vs Analysts estimates of .20 is now the time for Oracle (ORCL) to buy them up? Jefferies & Co. analyst Katherine Egbert writes in a research note that “it would make sense” for Oracle to own Red Hat, which providers a popular variety of Linux, but...

Last Thursday Cisco (CSCO) payed approximately $590 million in stock in exchange for all shares of Pure Digital. In addition, Cisco provided up to $15 million in retention-based equity incentives for continuing employees. The acquisition is subject to various standard closing conditions and is expected to close in the fourth quarter of Cisco’s...

NEW YORK (Reuters) – (IBM) will cut around 5,000 jobs in the United States, mainly in its global services business, sources with knowledge of the matter told Reuters on Wednesday. An International Business Machines Corp spokesman declined to comment. The company has not disclosed how many jobs it has cut so far this year, but has said it was...

March 25 (Bloomberg) — President Barack Obama’s auto task force will indicate support for additional aid to U.S. automakers within a week, Senator Carl Levin said. “It’s clear that there will be more support and it will be with some conditionalities, which will be made clear within a week,” Levin, a Michigan Democrat, told reporters at...

WOW what a turn in stocks. They have pared gains after a Treasury auction of five-year notes drew a higher-than-forecast yield, spurring concern record sales of debt are overwhelming demand. The S&P 500 is down 5 to 800 after touching 824 in earlier trade. It looks like we are accelerating south here.

The POG has been holding above it’s 50 day moving average for sometime now. There is reasonable support at the 916 level as we have went down there several times and each time bounced off of that area. Inflation will not come back in a big way until the economy starts picking up steam. We still have massive amounts of dollars still in the system...

March 25 (Bloomberg) — Pfizer Inc., the world’s largest drugmaker, won approval from European regulators to sell a treatment for women with weak bones and said it will seek a partner to market the drug. The treatment, Fablyn, was approved by the European Commission for women who face a higher risk of fractures, said Pfizer and San Diego-based...

The new housing data was a big surprise to the markets as the news came out this morning the market popped 2%. Sales of newly built U.S. single-family homes unexpectedly rose at their fastest pace in 10 months in February, while prices fell by a record margin from a year ago, reported in a new government report that is just out. The inventory of homes...

OK gang stocks are higher in early trading this morning after the boys and girls on Wall Street got another sign that its doomsday forecast for the economy might have been overdone. The government has reported that demand for big-ticket manufactured goods rose in February rather than fell as economists predicted. Imagine that an economist getting...

March 25 (Bloomberg) — DryShips Inc., a Greek owner of ships that haul iron ore and coal, reported a fourth-quarter loss of $1.02 billion because of vessel-order cancellations, an interest-swap loss and an acquisition of drill rigs. The loss was $18.42 a share, compared with net income of $194.4 million, or $5.35, a year earlier, the Athens-based...

You guys have to see this. The Brand New MarketClub Charts are up and running and being used by thousands of traders. Thank you for all of your compliments and feedback that I have gotten for turning you onto MarketClub. Adam just finished a video that features a walk through of the new features, and tips to make the most of your trading day using MarketClub...