AT&T’s (T: 26.26, 1.01, 4%) earnings were down from a year ago, but the biggest U.S. telecom carrier still beat Wall Street’s estimates for the first quarter. It’s shares were up over 3% in midday trading Wednesday. AT&T reported profits of $3.1 billion, or 53 cents per share, in the first three months of 2009, down about 10% from $3.5 billion, or 57 cents per share, a year ea...

The markets were mixed Wednesday afternoon as fears about the future of General Motors torpedoed Wall Street’s earlier rally. Today’s Markets As of 12:52 p.m. EDT, the Dow Jones Industrial Average lost 23.02 points, or 0.29%, to 7945.99, the S&P 500 rose 0.42 points, or 0.05%, to 850.53 and the Nasdaq Composite picked up 12.85 points, or 0.78% , to 1656.71. The consumer-frien...

BOSTON–State Street Corp, one of the world’s biggest institutional investors, reported a 10% drop in quarterly profit Tuesday and said that it had $5.9 billion in unrealized losses in its investment portfolio. Net profit shrunk to $476 million, from $530 million a year before, while earnings per share stood at $1.02, down from $1.35 a year earlier. Operating earnings were $1.04 per...

U.S. stocks slid on Monday on concerns over the sustainability of recent better-than-expected results from banks after Bank of America Corp reported a big increase in troubled loans. Wall Street’s tumble follows a six-week winning streak, the longest for the S&P 500 since 2007, with the Dow scoring its biggest gain over the period since 1938. Dow component Bank of America (BAC.N) shares ...

Don’t take last week’s two initial public offerings to mean it’s 1999 again. It has been 10 months since two IPOs have happened in one week. Rosetta Stone Inc., a language-instruction software company, and Bridgepoint Education Inc., which offers college courses over the Internet, both went public last week. The trouble is, neither of those companies come from the slowest part of the U.S. IP...

Should I Buy Mattel Stock. Here is some recent news on Mattel Mattel (NYSE: MAT) opened at $13.70. So far today, the stock has hit a low of $13.60 and a high of $14.74. MAT is now trading at $14.44, up $1.41 (10.82%). Over the last 52 weeks the stock has ranged from a low of $10.36 to a high of $21.98. MAT reported a first-quarter loss this morning of $51 million, or 14 cents per share, missing an...

The answer to this question depends on your goals. Ford is positioned to become the dominant automaker once we recover. However, you MUST hold it for several years. Buy Ford stock if you can get it around or below the $2 mark. Then plan to hold for 24 – 36 months. It will rebound and will do well, but it will take some time. More on Ford: Ford Motor Company (Ford) is a producer of cars and ...

UPDATE: As of 5/5/09 We do not recommend buying GM stock at this time and recommend selling. It is anticipated that they will do a reverse split of 100 to 1, making shares value around 25 to 45 cents. Again, we recommend you sell now and do not buy GM stock until after the reverse split has happened. OK, I get asked this question about EVERY hour, so I will give you the summary. The answer is NO, ...

NEW YORK (AP) – Beleaguered insurer American International Group Inc. is looking to alter its $150 billion government loan while it continues to look for buyers for some of its operations, according to published reports. Under a proposed plan, the government’s primary loan to AIG totaling $60 billion would be repaid with a combination of debt, equity, cash and stakes in operating busin...

This stock is one I have been watching for a while. They have had some problems but I think since the election is over, they will bounce back up. I am all in on this one and expect new news on them to drive the stock back over $1.50 a share. Just a hunch but a pretty good one. Tarragon Corp – tarr : nasdaq Tarragon Corporation (Tarragon) is a real estate developer, owner, and manager in the ...