Quantcast

Monthly Archives: January 2008

Europe Markets 1/30/2008 (RTP)(ALU)(SAP)

Posted: January 30, 2008 at 7:16 am

Markets in Europe are down at 7.10 AM New York time.The FTSE is off .7% to 5,844. BP (BP) is off 1.3% to 526.5. Rio Tinto (RTP) is up 3% ...
Read Full Story »

Rio Tinto (RTP) Jumps On Rumor Of Better Bid

Posted: January 30, 2008 at 7:06 am

Reuters is reporting that BHP Billiton (BHP) will improve its offer for Rio Tinto (RTP) and that the smaller company will open its books for review.Nice run for RTP shares.Douglas ...
Read Full Story »

How NY State Helped Start Bond Insurance Crisis (ABK)(MBI)(C)

Posted: January 30, 2008 at 6:49 am

Ambac (ABK) and MBIA (MBI) figured they could improve their earnings by putting money into swaps and derivative instruments. For years they were not allowed to. They had to watch ...
Read Full Story »

Hannah Montana Brand At Risk With Wal-Mart? (DIS, WMT)

Posted: January 30, 2008 at 6:49 am

A report from the USA Today last night put Wal-Mart Stores (NYSE: WMT) in a partnership with Disney (NYSE: DIS) whereby Wal-Mart will sell more than 140 products based on ...
Read Full Story »

FOMC: The Certainty Of Rate Cuts

Posted: January 30, 2008 at 6:31 am

There is no question about Fed Fun Futures showing a 100% chance of a rate cut at 2:15 PM EST today.  The verdict awaited is whether we see a 50 ...
Read Full Story »

Oil Service Giant Profits Rise… But Misses Targets (BHI)

Posted: January 30, 2008 at 6:21 am

Baker Hughes Inc. (NYSE: BHI) has announced its earnings for the fourth quarter 2007:.  The oil services company posted net income of $400.5 million or $1.26 diluted EPS.  This compares ...
Read Full Story »

World’s Largest Companies Get Ready For Recession

Posted: January 30, 2008 at 6:12 am

While economists and politicians may think Fed cuts and legislation can prevent a recession, the boss men at big multinationals have already prepared for the worst. A survey by Financial ...
Read Full Story »

Clearwire Might Not Want To Trust Sprint (CLWR, S, GOOG, INTC, BBY)

Posted: January 30, 2008 at 6:11 am

ClearWire Corp. (NASDAQ: CLWR) saw shares rise some 23% on Tuesday because of reports that newly-named Sprint Nextel (NYSE: S) CEO Dan Hesse has revived serious discussions with Clearwire.  This ...
Read Full Story »

Yahoo! (YHOO): Web 1.0 Gives Up The Ghost

Posted: January 30, 2008 at 6:02 am

Web 1.0 started long before the Nasdaq crash of 2000. In 1995 companies like Yahoo! (YHOO) started to show up. So did Lycos, Geocities, Altavista, and Swtichboard. Most of those ...
Read Full Story »

The Banking Crisis: You Ain’t Seen Nothing Yet (UBS)(C)

Posted: January 30, 2008 at 5:40 am

As the selling of bank shares has fallen off, Wall St. has begun to believe that the worst of the global banking crisis is in the rear view mirror. Not ...
Read Full Story »

Media Digest 1/30/2008 Reuters, WSJ, NYTimes, FT, Barron’s

Posted: January 30, 2008 at 4:10 am

According to Reuters, the Fed is set to cut rates again to avoid a recession.Reuters writes that UBS (UBS) subprime losses increased driving the bank further into the red.Reuters reports ...
Read Full Story »

Asia Markets 1/30/2008 (LFC)(SNP)

Posted: January 30, 2008 at 3:48 am

Markets in Asia fell.The Nikkei was off 1% to 13,345. NEC fell 3.2% to 427. Docomo (DCM) rose 3.7% to 169000.The Hang Seng dropped 2.6% to 23,654. China Life (LFC) ...
Read Full Story »

Multifamily REIT Goes On A Cleanse (UDR)

Posted: January 29, 2008 at 6:51 pm

Tonight a multifamily REIT operator called UDR, Inc. (NYSE: UDR) is announcing a transformational deal along with its earnings.  The company reported funds from operations (FFO) of $0.43 before a ...
Read Full Story »

Yahoo! Guidance Needs More Ying Than Yang (YHOO)

Posted: January 29, 2008 at 4:43 pm

Yahoo! (NASDAQ: YHOO) has posted results of $0.15 EPS on revenues of $1.403 Billion (on an ex-TAC basis).  Consensus estimates from First Call were $0.11 EPS & $1.41 Billion Revenues.  ...
Read Full Story »

The 52-Week Low Club (CCU)(ZRAN)

Posted: January 29, 2008 at 4:04 pm

Clear Channel (CCU) Company is supposed to go private. Wall St. is worried deal may not fly. Falls to $27.77 from 52-week high of $38.58.Municipal Mortgage & Equity (MMA) Restatements, ...
Read Full Story »