Posted on April 13, 2005 by Preston Danforth

Another great piece from Capital Spectator:

The U.S. balance of trade slipped to another all-time deficit in February–$61 billion vs. $59 billion in January, reports the U.S. Census Bureau. If you thought the news would take a hefty bite out of the dollar, you were mistaken. By the close of Wall Street trading today, the dollar [...]

Posted on January 13, 2005 by site admin

Fairfield, California-based Copart has seemingly found gold in the auto junkyard – to the tune of $400 million per year.
Copart generates revenue by acting as a middleman between insurance companies and used part dealers, rebuilders, etc.

Like most middlemen, Copart prospers by taking a bit from both sides–registration and administrative fees from the buyers, for example–and [...]

Posted on January 13, 2005 by site admin

This apple spoof probably isn’t troubling Steve Jobs too much these days, after Apple’s Q4 profits quadruple as iPod sales soar.
Forbes has the scoop:

For the three months ended Dec. 25, Apple said it earned $295 million, or 70 cents per share. In the same period last year, the company earned $63 million, or 17 cents [...]

Posted on December 20, 2004 by site admin

On Friday, eBay announced that it is acquiring yet another Internet property, this time the online apartment and rental broker, Rent.com.

In a diversification move, online auctioneer eBay Inc. is buying the privately held Rent.com, which specializes in Internet listings of apartment and house rentals, for about $415 million in stock and cash.

You can read more [...]

Posted on November 03, 2004 by site admin

Welcome to Streetsters.com. We cover the latest financial and business news coming out of Wall Street, focusing on fresh news, advice and tips relevant for today’s investors and businesspeople.
Check back regularly, or subscribe to our RSS feed to keep up on news from the Street.