IBM announced a development partnership with Japanese Tokyo Ohka Kogyo that it hopes will squeeze more watts of energy from every ray of sunlight. Big Blue is just the latest to come down with solar fever. …
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Shares of Sirius and XM Satellite Radio were big percentage winners Monday after the FCC finally gave approval to their proposed merger.’”As I’ve indicated before, this is an unusual situation,” FCC Chairman Kevin Martin said in a statement. …
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As Yahoo shares attempt to rebound from last week’s thrashing, all eyes are on activist investor Carl Icahn, who toned down his rhetoric in an interview with Reuters Sunday.”While the Google deal is not the same as an offer of $34. …
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With the dollar dropping, crude prices are soaring again early Monday. The action is likely to please the crowd on Wall Street, where “the trade” is: long commodities/short the dollar and financials.But the smart trade today is to take profits o
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This past April, Harris Associates’ chief investment officer (international) David Herro told me that people were overly concerned that the market was going over a cliff. There’s been a bounce since, but
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David Herro, Harris Associates’ chief investment officer (international) wasn’t named one of SmartMoney’s “World’s Greatest Investors” of 2007 by following the crowd.So it’s probably no surprise Herro is betting against the herd’s current fixati
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