Quantcast

Daily Archives: March 20, 2008

Sovereign Funds Bow Down To Paulson

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 ...
Read Full Story »

Primary Dealers Take $29 Billion From The Fed (GS)(MS)(LEH)

Primary dealers borrowed $28.8 billion from the Fed during the first three days a new facility was open. Reuters writes that "Primary dealers borrowed more than $13.4 billion a day ...
Read Full Story »

Big FCC Auction Winners: Verizon (VZ) And AT&T (T)

According to Wireles and Mobile News:"Verizon Wireless (VZ)(VOD) was the biggest winner of  the Federal Communications Commission’s 700 MHz auction, winning  six large licenses that i will give it air ...
Read Full Story »

Massive Short Interest Helps Keep Palm Steady After Earnings (PALM)

Palm, Inc. (NASDAQ: PALM) just posted a loss that of course missed analyst expectations.  The loss of -$31.5 million came in at -$0.30 EPS after items and -$0.16 pro-forma on ...
Read Full Story »

The 52-Week Low Club (AMGN, AU, BGP, HB, IP, JBL, MOT, HOOK, RVBD, SLRY)

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 ...
Read Full Story »

Wal-Mart…. Breaking Out To Upside (WMT)

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 ...
Read Full Story »

Bad News For Big Three: Nissan Sees Share Gains In March

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 ...
Read Full Story »

3Com’s Buyout Crashes In The Pacific Ocean (COMS)

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 ...
Read Full Story »

Biotech Implosion: Epix Depressed on Depression Treatment Failure (EPIX)

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 ...
Read Full Story »

H&R Block Chairman Aggressively Acquires Shares (HRB)

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, ...
Read Full Story »

CIT Group Taps Credit Facilities (CIT)

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 ...
Read Full Story »

No Rally For Starbucks (SBUX)

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 ...
Read Full Story »

Analyst Looks For Big Upside In FuelCell Energy (FCEL)

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, ...
Read Full Story »

IPO Withdrawal: Vision-Ease Lens Corp.

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 ...
Read Full Story »

SPAC IPO FILING: Lambert’s Cove Acquisition Corporation (LCA)

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 ...
Read Full Story »