Quantcast

Daily Archives: March 3, 2008

Finish Line, Better Lucky Than Good (FINL, GCO, UBS)

Posted: March 3, 2008 at 10:40 am

If there is one company that needed to get out of its crazy merger, it was Finish Line. Inc. (NASDAQ: FINL).  The company last year made a greatly leveraged buyout ...
Read Full Story »

Oil, A Record As Crude Nears $104, A Look Towards $125

Posted: March 3, 2008 at 10:38 am

The price of crude came very close to $104. According to the AP "That's higher than the price of $103.76 that many analysts believe oil hit in 1980, when adjusted ...
Read Full Story »

Safeguard Scores $100 Million Sale (SFE)

Posted: March 3, 2008 at 9:37 am

Safeguard Scientifics, Inc. (NYSE: SFE) has signed and exit agreement regarding its ownership position in three majority-held and three minority-held partner companies through a transaction with Saints Capital.  The partner ...
Read Full Story »

Dollar Tree Reorganizes, Sort Of (DLTR)

Posted: March 3, 2008 at 9:23 am

Dollar Tree Stores, Inc. (NASDAQ:DLTR) has announced that it has reorganized its structure by creating a new holding company structure.  The effective date is today.The company noted that the primary ...
Read Full Story »

Goldman Sachs Notes An Insurer Worth Zero In Run-Off (SCA, MBI, ABK)

Posted: March 3, 2008 at 8:40 am

Security Capital Assurance Ltd. (NYSE: SCA) has been terminated from coverage at bulge bracket firm Goldman Sachs after the company has seen shares plummet over recent months.  The company noted ...
Read Full Story »

Losses On Munis May Get Much Worse (MER)(C)

Posted: March 3, 2008 at 8:24 am

The muni markets are getting into more trouble as each day passes.According to Bloomberg "U.S. states and local governments may extend the worst slump in municipal bonds on record as ...
Read Full Story »

Top 10 Pre-Market Analyst Calls (AU, APOL, CLF, DRI, ETR, EXC, EXPD, F, MELI, OSIP, STX, WDC)

Posted: March 3, 2008 at 7:55 am

These are not all of the analyst calls out there affecting shares, but these are the top 10 analyst we are focusing on this Monday morning:Anglogold (NYSE: AU) Raised to ...
Read Full Story »

Europe Markets 3/3/2008 (BCS)(HBC)(ALU)(SI)

Posted: March 3, 2008 at 6:01 am

Markets in Europe were down over 1% at 6 AM New York time.The FTSE fell 1.2% to 5,811. Barclays (BCS) was down 3.3% to 461.75. HSBC (HBC) was up 1.1% ...
Read Full Story »

As Google (GOOG) Bites, Microsoft (MSFT) Winces

Posted: March 3, 2008 at 5:54 am

Google's (NASDAQ: GOOG) Apps software, which offers spreadsheets, word processing, and presentation features has signed up 500,000 customers by some accounts. The product is popular because it runs off of ...
Read Full Story »

HSBC (HBC) Has $17 Billion Impairment Charge

Posted: March 3, 2008 at 5:42 am

HSBC (HBC) announced that its net profit for 2007 rose 21% to $19.13 billion even after profits in North America were virtually wiped out by rising bad debt charges.According to ...
Read Full Story »

Intel’s (INTC) Small Chips May Have No Market

Posted: March 3, 2008 at 5:36 am

Intel (NASDAQ: INTC) is introducing new tiny chips aimed at the mobile computing market. According to The Wall Street Journal the are "designed to be the calculating engine for pocket-sized ...
Read Full Story »

Economists Get Depressed

Posted: March 3, 2008 at 5:25 am

The National Association for Business Economists has just published its poll of economists. It is done twice a year, and was conducted the first two weeks of February.According to Reuters ...
Read Full Story »

What If E*Trade (ETFC) Is Worth Zero?

Posted: March 3, 2008 at 5:20 am

E*Trade (NASDAQ: ETFC) is making its non-executive chairman Donald Layton CEO today. The move is puzzling since he is a former vice chairman of JP Morgan (NYSE: JPM). He was ...
Read Full Story »

Media Digest 3/3/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: March 3, 2008 at 3:53 am

According to Reuters, the NABE semiannual Economic Policy Survey show that the subprime crisis and heavy debt are still the biggest threats to the economy.Reuters writes that Microsoft (MSFT) will ...
Read Full Story »

Asia Markets 3/3/2008 Sharp Drop (TM)(CN)(PTR)

Posted: March 3, 2008 at 3:26 am

Most markets in Asia fell sharply. The Nikkei fell 4.5% to 12,992. Canon was down 5.2% to 4570. Honda (HMC) was down 5.8% to 3070. Toyota (TM) was down 3.3% ...
Read Full Story »