Carl Ichan has upped his stake in Motorola (MOT) to 2.9% from 2.7%. The raider wants the telecom equipment and handset manufacturer to do something with its $11 billion in ... Read Full Story »
Apple (AAPL) announced that it had sold it 100 millionth iPod. It market share for MP3 players is now over 70% in the US and over 50% in Japan.The company ... Read Full Story »
Micron Technology (MU) Mega-semi company falls as Goldman downgrades stock after poor financial showing. DRAM inventories still hurting prices. Drops to $11.13. Down from 52-week high of $18.65.McClatchy (MNI) Shares ... Read Full Story »
Sourcefire Inc. (FIRE) hits a new 52-week low after the Network Security company IPO'd back in March 07. Sourcefire's shares are down 27% today and trading around $12.50 after they ... Read Full Story »
From 13D TrackerNew York magazine has an interesting profile on hedge funds. The article lists the various "Top Dogs", putting Stevie Cohen of SAC Capital at the first on this ... Read Full Story »
Buffet is comparable to nobody else but Greenspan when it comes to making news on the slightest “ahem”, so a broad investment in three railroad stocks needs little introduction. Today ... Read Full Story »
Dow Chemical (DOW) is once again spiking on buyout news this morning, but the stock is falling back below previous highs set on March 26th. Today the British rumor mill ... Read Full Story »
By Saul Sterman 04/09/2007 The worst is over. Out of the four plagues that struck THC, two have been resolved, progress is being made on one and a cure needs ... Read Full Story »
Advanced Micro Devices (AMD) cut its Q1 revenue estimate. It had already done so about a month ago.The company now expects revenue for $1.23 billion, down from previous forecasts of ... Read Full Story »
By William Trent, CFA of Stock Market BeatWe have noted several times over the last week that the departure of a Chief Financial Officer tends to raise alarm bells. And ... Read Full Story »
By William Trent, CFA of Stock Market BeatEmployment Situation SummaryNonfarm payroll employment rose by 180,000 in March, and the unemployment rate was essentially unchanged at 4.4 percent, the Bureau of ... Read Full Story »