Quantcast

Daily Archives: May 23, 2008

Another CEO Calls The Recession Ball

Posted: May 23, 2008 at 3:44 pm

The head of Dow Chemical (DOW) says that the consumer is toast. The price of crude oil and other commodities are just too high. "Inflationary pressures on the consumer through ...
Read Full Story »

The 52-Week Low Club (GE)(GM)(CAL)(LCC)(DAL)(UAUA)

Posted: May 23, 2008 at 2:28 pm

GE (GE) General malaise and concern that conglomerate structure does not work. Falls to $30.35 from 52-week high of $42.15.GM (GM) Auto industry woes get worse with high gas. Sells ...
Read Full Story »

NBC And Time Warner (TWX) Battle For The Weather Channel

Posted: May 23, 2008 at 9:51 am

Late word is that The Weather Channel will be sold to either GE's (GE) NBCU unit, in partnership with Blackstone (BX), or to Time Warner (TWX). According to Reuters, "The ...
Read Full Story »

Home Sales Market Officially Road Kill

Posted: May 23, 2008 at 9:25 am

The inventory of homes in the US is at the highest level since 1985, measured by average months on the market. According to Reuters "inventories of unsold homes rose measurably, ...
Read Full Story »

InBev May Buy Anheuser-Busch (BUD)

Posted: May 23, 2008 at 9:15 am

Word from the FT is that beverage leviathan InBev may make at $46 billion bid to buy Anheuser-Busch (BUD). BUD shares are up almost 7% on the news, moving above ...
Read Full Story »

GE (GE) Breaks To Another 52-Week Low

Posted: May 23, 2008 at 9:07 am

GE (GE) has reaffirmed guidance and will sell off its appliance division. That has been not enough to keep sellers at bay. Shares in the conglomerate moved down to $30.52, ...
Read Full Story »

Asset Acceptance Capital Shareholder Unloading Stock (AACC)

Posted: May 23, 2008 at 7:53 am

Asset Acceptance Capital Corp. (NASDAQ: AACC) made a filing with the SEC late Thursday showing that the company has filed to sell 10.932 million shares of common stock in a ...
Read Full Story »

IPO Withdrawn: IPC Systems

Posted: May 23, 2008 at 7:33 am

IPC Systems Holdings has withdrawn its IPO in a filing with the SEC on Thursday.  No formal reason was noted, but since it said in the filing that "it has ...
Read Full Story »

Halliburton Ambitions as an Acquirer Grow, Sort Of (HAL, GS)

Posted: May 23, 2008 at 7:06 am

Halliburton (NYSE: HAL) has made a conditional offer to Expro International, a British oil field services company, to acquire the company for 1.7 billion pounds (about $3.36 billion).What is interesting ...
Read Full Story »

Top 10 Pre-Market Analyst Calls (AAPL, MT, BLK, BRCM, CCL, RCL, DELL, LLTC, NSM, PSUN, JAVA)

Posted: May 23, 2008 at 6:51 am

These are ten of the analyst calls we are keying in on this Friday morning:Apple (NASDAQ: AAPL) added to CONVICTION BUY LIST at Goldman Sachs; stock up 2% pre-market.ArcelorMittal (NYSE: ...
Read Full Story »

Finally, A Powerful Bear Case For Oil Prices

Posted: May 23, 2008 at 5:23 am

When oil was at $65 almost no one believed it would double. There were a few nuts making the case, but they were ignored like Galileo was when he said ...
Read Full Story »

Sony (SNE) CEO Tries To Fire Up Management

Posted: May 23, 2008 at 4:58 am

Sir Howard Stinger, head of Sony (SNE), believes that his executive ranks lack passion. Perhaps they have spent too much time as engineers, or the string of bad years at ...
Read Full Story »

Putting Oil Wells In The Grand Canyon And Yellowstone

Posted: May 23, 2008 at 4:42 am

Do fish, bears, eagles, and porcupines care about having oil rigs on the land where they roam? Probably not. They don't know any better.To relieve some of the supply pressure ...
Read Full Story »

Microsoft’s (MSFT) Ballmer Say Yahoo! (YHOO) Was Never “Strategic”

Posted: May 23, 2008 at 4:27 am

Microsoft (MSFT) CEO Steve Ballmer says that his plan to buy Yahoo! (YHOO) was never strategic. It is hard to imagine spending $45 billion on an acquisition as being tactical, ...
Read Full Story »

Pimco Bets The Farm On Mortgage Debt

Posted: May 23, 2008 at 4:22 am

The Pimco Total Return, run by highly-worshiped bond manager Bill Gross, is putting most of its chips into mortgage debt. The fund, which manages $130 billion, is counting on the ...
Read Full Story »