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Today's Top News
SeekingAlpha
Jan 07 09:20  Warnings from Intel (INTC) and Time Warner (TWX) send already depressed stock futures further down; expect early weakness. With ten minutes to the open, Dow futures -1.3% to 8836. S&P -1.5% to 917. Nasdaq -1.6%. Crude -1.1% to $48.03. Gold -0.3% to 863.
Jan 07 09:18  Premarket losers: IBN -12%. CHU -11%. ACAS -10.5%. CTSH -8%. ALD -8%. GNK -8%. LVS -7%. AAUK -7%. AA -7%. CHL -6%. INFY -6%. EXM -6%. TWX -6%. DRYS -5%. DSX -5%. TSM -5%. RTP -5%. S -5%. PGN -5%. FCX -5%. INTC -4%. LDK -4%. ROH -4%. HIG -4%. RIO -4%. ERTS -4%. JASO -4%. MGM -4%.
Jan 07 09:18  Premarket gainers: PLCM +9.6%. FDO +9%. MON +9%. HMC +9%. SNE +5%. SYT +5%. NG +5%. RMBS +4%. BCS +3%.
Jan 07 09:12  Apartment rents fell in Q4 as the national vacancy rate rose to 6.6%, a four-year high. Analysts had expected apartments to benefit from the housing slump, but job losses and lower wages are hurting potential renters.
Jan 07 09:11  Intel (INTC) cuts revenue outlook to $8.2B vs. $8.74B consensus. Sees sales down 23% Y/Y on weakness in end demand and inventory reductions by its customers in the global PC supply chain. Predicts a $1.1-1.2B loss on equity investments etc. Shares -4.7% premarket. (PR)
Jan 07 09:08  Time Warner (TWX) now expects a net loss for 2008, down from guidance of $1.04 to $1.07 a share. To boot, it will also take a $25B impairment charge related to goodwill and identifiable intangible assets at its Cable, Publishing and AOL segments. Shares slump 6.65% premarket. (PR)
Jan 07 09:04  Down 89.8% premarket to $0.95, Satyam (SAY) could easily hit zero or near-zero today. First Global India tells investors to get out while they still can. Notable Calls gives kudos to ABN Amro for upgrading Satyam to Buy from Sell yesterday.
Jan 07 08:58  Raju's confession letter to the Satyam (SAY) board, and interim CEO Ram Mynampati's statement to reassure employees.
Jan 07 08:48  Continuing her forecast of a challenging 2009 for banks, Oppenheimer's Whitney estimates Q4 loss provisions: $6.7B for BoA (BAC), $7.9B for Citigroup (C), $4.4B for Wells Fargo (WFC).
Jan 07 08:45  Meredith Whitney warns banks may have to raise fresh capital in 2009, and will be hit hard by a sharp increase in rating downgrades on mortgage-related securities.
Jan 07 08:39  Obama and House Financial Services' Barney Frank reach an 'agreement in principle' to release the second half of TARP funds in return for a commitment to help homeowners and restrict executive bonuses.
Jan 07 08:34  Orbitz (OWW) names Barney Harford its new president and CEO, and announces plans to cut another $20M-$25M in annual costs in addition to the $20M announced in November.

07 Jan 9:16  Time Warner Sinks After Predicting Loss
07 Jan 9:09  Liberty Media Sells $5.5M of IAC Interactive
07 Jan 9:01  Ethan Allen Interiors to Eliminate 350 Jobs
07 Jan 8:56  Analysts' Upgrades, Downgrades: Lowe's
07 Jan 8:54  Barclays Announces 400 UK Job Cuts
07 Jan 8:51  Open2view: A Picture of Success
07 Jan 8:28  Synovus Shows Why Banks Aren't Lending
07 Jan 8:27  3 Stocks I Saw on TV
07 Jan 8:09  Family Dollar Profits From Food Sales
07 Jan 8:07  Top Nasdaq Short-Squeeze Plays
07 Jan 8:01  Economic Calendar: January 5-January 9
07 Jan 7:59  Cramer: Predictions for DuPont and GE in 2009
07 Jan 7:18  Cramer Bullish on the Dow in '09 -- Part III
07 Jan 7:04  Wall Street Seen Lower on Alcoa Layoffs
07 Jan 6:59  China Watch: Security and Surveillance
07 Jan 6:31  Russia Shuts Off Gas Supplies to Europe
07 Jan 6:18  Satyam Chairman Admits Fudging Profits
07 Jan 4:53  BofA Sells Shares in China Construction
07 Jan 4:42  GM May Not Need Further Loans: Report
07 Jan 3:47  Asian Stocks Rise: Japan's Nikkei Gains 1.7%

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