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Daily Archives: November 13, 2007

Wendy’s (WEN) Offer From Peltz, But Price Is Secret

The Associated Press writes "billionaire investor Nelson Peltz submitted an offer to buy Wendy's  International Inc. (WEN), but the proposed price is below what he previously said the nation's third-largest ...
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S&P Says Mortgage Problems To Worsen In 2008

CNN Money reports "the chaos in the mortgage markets is only going to get worse in 2008 and will put a dent in U.S. mortgage bank earnings, according to a ...
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The Business Day In Global Warming (XEL, FTEK, AIG, SYNM, AKNS, USBE, DASTY, CLNE, DSTI, FSLR, HOKU, PBW, GEX)

Xcel Energy’s (NYSE:XEL) 345-kilovolt transmission line along with two major 115 kV lines will deliver the power into the Minnesota High voltage transmission grid allowing delivery of the power from ...
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Prudential’s Aggressive Share Repurchases (PRU)

Prudential Financial, Inc. (NYSE:PRU) has declared an annual dividend for 2007 of $1.15 per share of Common Stock, which represents an increase of 21% percent over the 2006 dividend.But perhaps ...
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Affymetrix Year-Lows On Debt..No Good Deed Goes Unpunished (AFFX)

Affymetrix (NASDAQ:AFFX) was a bit of a puzzling stock today when we saw it had hit a 52-week low after a proposed $250 million convertible note offering.  After the near-10% ...
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The 52-Week Low Club

Aca Capital (ACA) S&P cuts rating after big loss. Drops to $1.60 from 52-week high of $16.55. Quebecor World (IQW) Refinances company, brings on new debt. Falls to $4.12 from ...
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Should Cisco Really Trade Under $30 (CSCO, JNPR, FDRY, MSFT, ALU, NT)

Cisco Systems Inc. (NASDAQ:CSCO) has traded under $30.00 since its earnings report, and 24/7 Wall St. wanted to compare and contrast this drop to a prior trough from years before.  ...
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How Fast Are Clients Leaving E*Trade (ETFC)?

It would be fair to assume that a number of frightened customers are leaving E*Trade (ETFC) for other brokerage firms. but there is not much solid evidence of how fast ...
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Online Retail Sales Show Modest Increase In October

E-Commerce sales for the first month of the holiday season, October, showed a modest increase of 19% to $8.4 billion (excluding travel). The categories that drove online sales were video ...
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SIRIUS Approves Merger, But Will Regulators Care (SIRI, XMSR)

SIRIUS Satellite Radio Inc. (NASDAQ:SIRI) announced that its stockholders voted to approve an amendment to its certificate of incorporation and the issuance of SIRIUS common stock to accomodate its merger ...
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Bank Of America (BAC) Set Write-Off, Shares Rally

Irony, they name is Wall St.Bank of America (BAC) shares are up 3.3% on news that the firm will take a write-down because it "has suffered a $3 billion loss ...
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IPO Filing: Initiate Systems Inc. (INSY)

A company called Initiate Systems Inc. has filed to come public in a share sale worth up to $75 million for filing purposes.  Goldman Sachs is the lead underwriter, with ...
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Google Previews First Wave of Wiki Model For Android, With Incentives (GOOG)

Google (NASDAQ:GOOG) already announced the Open Handset Alliance for its free and open platform Android for mobile devices.  But today, Google is releasing an early look at the Android SDK ...
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Goldman Sachs (GS) Up 6% On Positive Write-Off News

Goldman Sachs (GS) is trading up 6% on word from its CEO that the firm "does not expect to take any significant asset write-downs," according to Reuters. There have been ...
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Some Good News Out Of Countrywide (CFC)?

Countrywide (CFC) said "it funded 48 percent fewer home loans in October than a year earlier," according to Reuters. The news agency said Countrywide said it funded $22 billion of ...
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