Quantcast

Monthly Archives: April 2008

Good News For Dell (DELL) And HP (HPQ): PC Manufacturing Rising

Posted: April 29, 2008 at 6:00 am

The company which builds a large portion of the world's PCs is raising its estimates for the number of units it will build this year. Taiwan-based Quanta Computer, has raised ...
Read Full Story »

The Spring Season Comes To Big Oil, Can Excess Profit Taxes Be Far Behind?

Posted: April 29, 2008 at 5:39 am

BP (BP) and Shell produced out-sized profits for the first quarter. BP earnings rose to $7.62 billion from $4.66 billion. Over at Shell the numbers were up to $9.08 billion ...
Read Full Story »

Citigroup’s (C) Hedge Fund Refund

Posted: April 29, 2008 at 5:16 am

Citigroup (C) started two hedge funds last year and sold interests in them to well-off retail investors. What those people were not told is that the investments were risky. Now, ...
Read Full Story »

“Grand Theft Auto” And The National Economy

Posted: April 29, 2008 at 5:08 am

Take-Two Interactive (TTWO), M&A prey of Electronic Arts (ERTS) will launch its wildly anticipated game "Grand Theft Auto IV" today. The paeon of bad taste, violence, and sexual lust may ...
Read Full Story »

Detroit: What Good News? (F)(GM)

Posted: April 29, 2008 at 4:51 am

Ford's stock has gone through a series of spasms the last few days. First the company said it has made $100 million. Almost no one expected that and the stock ...
Read Full Story »

Lewis Ranieri: Mortgage Problems Worse

Posted: April 29, 2008 at 4:41 am

Lewis Ranieri, one of the people who started the financial systems for the current mortgage market, believes that they system is worse off than most people know.According to Reuters, "I ...
Read Full Story »

Blockbuster’s (BBI) Mad Dash

Posted: April 29, 2008 at 4:37 am

Blockbuster (BBI) continues to put its nose where it does not belong. First it tried to buy Circuit City (CC), a firm which is weaker than Blockbuster is, and Blockbuster ...
Read Full Story »

Wolfensohn: Credit Write-Offs Could Hit $1Trillion

Posted: April 29, 2008 at 4:24 am

Former World Bank chief James Wolfensohn thinks the credit crisis will take $1 trillion in losses out of the market. That is a number much higher than most estimates. It ...
Read Full Story »

Media Digest 4/29/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: April 29, 2008 at 2:40 am

According to Reuters, Cadbury is looking at buying Hershey. Reuters writes that banks being sued by Clear Channel (CCU) have asked for a delay of a Texas trial.Reuters reports that ...
Read Full Story »

Asia Markets 4/29/2008 (CN)(SNP)

Posted: April 29, 2008 at 2:12 am

Markets in Asia were mostly higher.Tokyo was closed for a holidayThe Hang Seng rose 1% to 25,925. China Netcom (CN) rose 3.9% to 24.05. China Petroleum (SNP) rose 2% to ...
Read Full Story »

Former Fed Official Call Bear Stearns Deal “the worst policy mistake in a generation”

Posted: April 28, 2008 at 6:02 pm

Why hold back feelings? Vincent Reinhart, former head of monetary affairs at the Federal Reserve called the deal to save Bear Strearns (BCS) by backing a sale to JP Morgan ...
Read Full Story »

Merck’s (MRK) Hopes Crushed

Posted: April 28, 2008 at 5:49 pm

Merck (MRK) had high hopes for its cholesterol drug CordaptiveAccording to The Wall Street Journal, things did not work out. The paper reports that the agency issuing a "not approvable" ...
Read Full Story »

Under Armour Investors Suit Up For Earnings (UA)

Posted: April 28, 2008 at 3:59 pm

Tuesday in the early hours of the morning, we’ll get to see earnings out of Under Armour, Inc. (NASDAQ: UA). The estimates for the performance apparel company from First Call ...
Read Full Story »

Double Hull Tankers Raising Cash (DHT)

Posted: April 28, 2008 at 3:44 pm

Double Hull Tankers inc. (NYSE: DHT) has filed to sell up to 7 million shares of common stock via a secondary offering.  The company has also granted underwriters a 1.05 ...
Read Full Story »

Pharmacy Benefit Managers Dominate Medical Earnings Tuesday (MHS, ESRX)

Posted: April 28, 2008 at 3:34 pm

Pharmacy benefits managers Express Scripts Inc. (NASDAQ: ESRX) and MedcoHealth Solutions Inc. (NASDAQ: MHS) are both set to report earnings on Tuesday.We’ll get to see earnings out of MedcoHealth Solutions ...
Read Full Story »