Major sovereign funds from Singapore and Abu Dhabi have agreed to Boy Scout rules about keeping their investments in the US strictly financial. No political agendas. This is a copy of the new pact. Now that putting money into US…
By Douglas A. McIntyre
· 4:50pm ET This week felt like a yo-yo of volatility, and frankly that makes it even better that it was a 4-day work week for the stock market. Despite the huge rally today that…
If you think of a retailer hitting a 52-week high during a slowing economy, it seems counterintuitive. It seems a recession or a slowing consumer spending is good for some retailers. Enter…
Douglas A. McIntyre No matter how much Detroit would like to change the math, the total always adds to 100%. Over the course of the last week, management from GM (NYSE:GM), Ford (NYSE:F), and Chrysler…
The acquisition of 3Com Corp. (NASDAQ: COMS) by Bain Capital and Huawei was already questionable, and then regulatory questions turned into trouble, and now trouble has turned into an outright dead deal. An affiliate…
EPIX Pharmaceuticals, Inc. (EPIX) has seen shares essentially chopped in half today. Early this morning the company announced that it was discontinuing its PRX-00023 clinical development program after Phase IIb trials over a lack…
Richard Breeden has disclosed in an SEC Filing that he has aggressively bought shares of H&R Block (NYSE: HRB) this week. From the dates of March 18 to March 20, Breeden purchased roughly 2.435…
CIT Group Inc. (NYSE: CIT) has announced that it is drawing upon its $7.3 Billion in unsecured U.S. bank credit facilities. The Company will use the proceeds to repay debt maturing in 2008, including…
At yesterday’s annual meeting Howard Schultz, founder of Starbucks (NASDAQ: SBUX), said he would fix the company or die with his boots on. He may wanted to be fitted for an extra pair. It…
Lazard Capital Markets has a call out in the fuel cell sector from earlier this morning on FuelCell Energy, Inc. (NASDAQ: FCEL). Analyst Sanjay Shrestha has maintained his Buy rating, but he has also…
Vision-Ease Lens Corporation withdrew its IPO filing today,citing the decision is “consistent with the public interest and protection ofinvestors.” The company originally submitted its IPO paperwork to the SEC on October 13, 2006. The…
Lambert’s Cove Acquisition Corporation, a SPAC, or special purpose acquisition corporation, submitted an IPO filing. The date is march 18 on the filing but the date this became available was this morning. The filing…