Shares of SunPower (SPWRA) are suffering on Tuesday morning as they disclosed a review of “unsubstantiated accounting entries.”  Of course, the stock is down nearly 18% just after the open on Tuesday as many investors are headed for the exits.  We cannot blame those investors for dumping shares right now because any time accounting principles are questioned it can be very hard to regain lost credibility.  Financial markets rely on the integrity of financial data, and any accounting crisis inherently brings a lot of uncertainty.  Most investors will automatically assume the worst and past experiences with the likes of Enron and Worldcom have show the need for caution.<a[More...]

I'm seeing some interesting comments on Leap Wireless (NASDAQ:LEAP) & Metropcs (NYSE:PCS) after T-Mobile USA launched its new pricing plans, which have been speculated about recently as part of "Project Black/Dark".[More...]

NVR, Inc. (NYSE: NVR) on Wednesday said its third-quarter net income rose to $72.1 million, or $11.59 a share, from $36.6 million, or $6.12 a share, in the third quarter last year. Home-building revenue fell to $792.5 million from $928.3 million. NVR is up 3.61% to $692.90.

Piper Jaffray Cos. Swings To Profit, Beats Estimat

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Wells Fargo (WFC) initiated coverage of Cisco (CSCO) with an “outperform” rating, believing it attractive for a play on an IT spending recovery JP Morgan (JPM) reported better-than-expected third quarter earnings of 82 cents a share, up from 9 cents a year ago, and ahead of Zacks estimates of 49 cents a ...

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