Quantcast

Daily Archives: April 7, 2008

Motorola (MOT) Caves To Icahn Who May Find Little Value Left

Posted: April 7, 2008 at 8:18 am

Carl Icahn and friends will get two seats on the Motorola (MOT) board, ending fight by the company to keep him out. According to Motorola William R. Hambrecht, founder, chairman ...
Read Full Story »

Goldman Sachs Raises ALCOA Estimates Ahead of Earnings (AA)

Posted: April 7, 2008 at 7:43 am

ALCOA, Inc. (NYSE: AA) is seeing shares trade higher ahead of its earnings report after today's close.  Goldman Sachs appears to be the initial reason as it has raised its ...
Read Full Story »

Alliant Techsystems Scores Another Huge Ammo Order (ATK)

Posted: April 7, 2008 at 7:25 am

Alliant Techsystems (NYSE: ATK) is indicated higher this morning after it has received an additional $415.6 million in small-caliber ammunition orders and modernization funding.  The contracts were awarded by the ...
Read Full Story »

Top 10 Pre-Market Analyst Calls (AAPL, AMAT, BMC, COLM, SCOR, KLAC, NVLS, TJX, SONC, TIN)

Posted: April 7, 2008 at 6:56 am

These are the top analyst calls that 247WallSt.com is focusing on this Monday morning:Apple (NASDAQ: AAPL) Raised to Overweight from Market Weight at Thomas Weisel.Applied Materials (NASDAQ: AMAT) Cut To ...
Read Full Story »

Yahoo! (YHOO) Responds To Microsoft (MSFT) Offer

Posted: April 7, 2008 at 5:56 am

Yahoo!'s (NASDAQ: YHOO) response to Microsoft's (NASDAQ: MSFT) can best be described as self-serving. In a letter to Redmond, made public this morning, Yahoo!' board reasons "Our position is simply ...
Read Full Story »

24/7 Wall St. Named One Of BusinessWeek’s Best Financial Blogs

Posted: April 7, 2008 at 5:39 am

BusinessWeek published its list of "best financial blogs" today. 24/7 Wall St. was one of the small number of content sites that made the list.Jon Ogg and Douglas A. McIntyre ...
Read Full Story »

Europe Markets 4/7/2008 (BHP)(RBS)(SI)(ALU)

Posted: April 7, 2008 at 5:21 am

Markets in Europe rose modestly at 6.15 AM.The FTSE was up .6% to 5,984. BHP Billiton (BHP) rose 2.8% to 1663. RBS (RBS) was up 2.7% to 380.The DAXX rose ...
Read Full Story »

Oil Rises On Potential Fed Cut And OPEC Intransigence

Posted: April 7, 2008 at 5:02 am

Oil prices are entering a stage where they are almost bound to rise sharply. the price is near $107 again today. OPEC indicated that it would have no meetings on ...
Read Full Story »

In The Face Of A Failing Industry Northwest (NWA) And Delta (DAL) Restart Talks

Posted: April 7, 2008 at 4:46 am

The argument that airline mergers improve profits is debatable. Combinations doe not save on fuel costs. Unions often use the marriages as ways to get wage concessions. The last thing ...
Read Full Story »

Investment In Washington Mutual (WM) May Undercut Common Shareholders

Posted: April 7, 2008 at 4:35 am

Washington Mutual (WM) may get $5 billion in much-need capital. It is an example of how financial companies bet on subprime mortgages which cut their share prices by as much ...
Read Full Story »

China Court Opens Door To Music Industry Suit (BIDU)

Posted: April 7, 2008 at 4:24 am

China businesses large and small have been stealing intellectual property from US and European firms for so long that no one remembers when it began. The estimates of lost revenue ...
Read Full Story »

Yahoo! (YHOO) Will Reject Microsoft (MSFT) As Too Low

Posted: April 7, 2008 at 3:22 am

The New York Times and FT are reporting that Yahoo! (YHOO) will reject Microsoft's (MSFT) bid as too low despite the fact that Redmond may lower its offer or start ...
Read Full Story »

Media Digest 4/7/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: April 7, 2008 at 2:55 am

According to Reuteres, Novartis will buy Nestle's Alcon stakes for $39 billion.Reuters writes that Microsoft (MSFT) has given Yahoo! (YHOO) a dealine for buy-out talks.Reuters writes that Yahoo! will inform ...
Read Full Story »

Asia Markets 4/7/2008 (LFC)(PTR)

Posted: April 7, 2008 at 2:28 am

Markets in Asia rose.The Nikkei was up 1.2% to 13,450. KDDI was up 4.1% to 691000. NEC was up 4% to 421. The Hang Seng rose 1.1% to 24,534. China ...
Read Full Story »