Quantcast

Daily Archives: April 1, 2008

SPAC Stock/Warrant Separation: BPW Acquisition Corp. (BPW.U, BPW.WS, BPW)

Posted: April 1, 2008 at 8:11 am

BPW Acquisition Corp. (AMEX: BPW.U) is another one of these special purpose acquisition companies ("SPAC") that came public in recent weeks.  The SPAC has announced that, starting today, April 1, ...
Read Full Story »

IPO FILING: BioTrove, Inc. (BTRV)

Posted: April 1, 2008 at 8:00 am

A company called BioTrove, Inc. has filed to come public via an initial public offering this morning.  It has applied to take the proposed ticker of "BTRV" on NASDAQ.BioTrove has ...
Read Full Story »

Parts Merger: O’Reilly Automotive Buys CSK Auto (ORLY, CAO)

Posted: April 1, 2008 at 7:47 am

O'Reilly Automotive, Inc. (NASDAQ: ORLY) has announced that it and CSK Auto Corporation (NYSE: CAO) have signed a definitive merger agreement. O'Reilly will acquire CSK in a transaction valued at ...
Read Full Story »

IPO Filing: Energy Recovery Inc.; A Desalination Play (ERII)

Posted: April 1, 2008 at 7:32 am

Energy Recovery, Inc. has filed to come public via an initial public offering.  The company lists that it will sell up to $175 million in stock in the offering, although ...
Read Full Story »

Richard Branson & Google Shoot for Mars (GOOG)

Posted: April 1, 2008 at 7:10 am

Google Inc. (NASDAQ: GOOG) has recently been under fire from critics over its side-operations in going green and its own space-race.  It isn't the coolness factor that is the issue, ...
Read Full Story »

Goldman Cuts Estimates On Citigroup (C) And Merrill Lynch (MER)

Posted: April 1, 2008 at 6:44 am

Goldman Sachs believes that Merrill Lynch (MER) and Citigroup (C) may have to "post $14 billion in writedowns on assets linked to collateralized debt obligations."``If our forecasts are correct, it ...
Read Full Story »

Worst Banking Crisis In 30 Years

Posted: April 1, 2008 at 6:39 am

Morgan Stanley writes that the current banking crisis is the worst in 30 years. According to Bloomberg "Credit market turmoil poses the most severe crisis for banks in 30 years, ...
Read Full Story »

Top 10 Pre-Market Analyst Calls (AKAM, MO, AZN, GSK, HES, LVLT, PEP, PIR, UBS, VMW)

Posted: April 1, 2008 at 6:39 am

These aren't the only impact analyst calls this morning, but these are the ones we are focusing the Tuesday in pre-market trading hours:Akamai Tech (NASDAQ: AKAM) Raised to Buy from ...
Read Full Story »

Europe Markets 4/1/2008 (BCS)(BP)(DB)(ALU)(AXA)

Posted: April 1, 2008 at 5:47 am

Markets in Europe were up at 6.40 AM.The FTSE was up .7% to 5,744. Barclays (BCS) was up 4.6% to 474  BP (BP) was down 1.9% to 502.5.The DAXX rose ...
Read Full Story »

Wal_Mart (WMT): Mr. Coffee

Posted: April 1, 2008 at 5:39 am

Wal-Mart (NYSE: WMT) will start to sell its own "green" brands of coffee. They will be come from beans planted at carbon-neutral facilities. The brands, will, of course compete with ...
Read Full Story »

The Hedge Fund Industry Begins To Crack

Posted: April 1, 2008 at 5:29 am

Hedge funds had their worst first quarter on record. Some have already started to fail, and others are likely to . According to the FT "This year has seen a ...
Read Full Story »

Microsoft (MSFT): Why Bother To Raise Yahoo! (YHOO) Bid

Posted: April 1, 2008 at 5:23 am

The news that Microsoft (NASDAQ: MSFT) would not raise its bid for Yahoo! (NASDAQ: YHOO) came as enough of a surprise that it made the front page of some papers. ...
Read Full Story »

Wall St. Begins To Buy-In To $120 Oil

Posted: April 1, 2008 at 5:12 am

The idea that oil might hit $120 was the stuff of fairy tale and lying around the poker table. At least up until now. A new Reuters poll of analysts ...
Read Full Story »

Techs Fared Worse Than Financials In Q1: The Plague Of The High PE

Posted: April 1, 2008 at 5:01 am

With all of the carnage in the financial sector it would be hard to believe that any other group of stocks could have done worse. The technology sector claims that, ...
Read Full Story »

UBS (UBS) Presages US Bank Earnings (C)(MER)(MS)

Posted: April 1, 2008 at 4:41 am

At UBS (NYSE: UBS) it all hit the fan today. Marcel Ospel, the bank's chairman, is on the way out. The financial firm wrote-off another $19 billion. The company plans ...
Read Full Story »