Quantcast

Daily Archives: June 2, 2008

Senior Housing Selling Shares (SNH)

Posted: June 2, 2008 at 3:17 pm

Senior Housing Properties Trust (NYSE: SNH) has just announced that it has commenced a proposed secondary public offering of 10,000,000 common shares. the company expects to use these proceeds to ...
Read Full Story »

The 52-Week Low Club (GHS)(RBS)(RF)(UCBH)

Posted: June 2, 2008 at 2:53 pm

Gatehouse Media (GHS) Hard period for newspaper stocks. Falls to $3.75 from 52-week high of $20.15.Royal Bank of Scotland (RBS) Fear about more write-offs sends bank stocks down. Drops tpo ...
Read Full Story »

S&P Knocks the Banks, Again (LEH, MER, MS, BAC, JPM, C, WB)

Posted: June 2, 2008 at 12:10 pm

Standard & Poor's has come out with a report that is actually weighing down on the entire market even though it is sector specific.  The ratings agency has cut ratings ...
Read Full Story »

Templeton Dragon Fund, Staying Closed-End (BEN, TDF)

Posted: June 2, 2008 at 11:49 am

There was some interesting news over at Franklin Resources, Inc. (NYSE:BEN) today.  The company manages the Templeton Dragon Fund, Inc. (NYSE:TDF), a closed-end mutual fund run by legendary emerging market ...
Read Full Story »

Final Leg of Huge Natural Gas Pipeline Approved (KMP, SRE, COP)

Posted: June 2, 2008 at 10:55 am

Rockies Express Pipeline, LLC today announced that it has received certification from the FERC for the third and final phase of it's 1,697-mile, 42-inch natural gas pipeline running from western ...
Read Full Story »

Harris Value Trumps Merger (HRS)

Posted: June 2, 2008 at 10:39 am

Harris Corp. (NYSE: HRS) is seeing shares down 15% at $55.66 on almost 4-times average trading volume today.  This is after the company said it wasn't for sale after it ...
Read Full Story »

Cerberus Dumped Chrysler And GMAC, Great New For Autos (GM)(F)

Posted: June 2, 2008 at 7:41 am

A lot of analysts thought that Cerberus management, usually so clever and sharp, made a buffoon's move when they bought into Chrysler and GMAC. The auto market immediately went South.It ...
Read Full Story »

China’s Complicated Telecom Mergers (CHU, CN, CHA, QCOM)

Posted: June 2, 2008 at 7:12 am

There is a complicated merger in the Chinese telecom market, which is part of the government mandate to consolidate a fragmented telecom industry in China. China Unicom Ltd. (NYSE: CHU) ...
Read Full Story »

Wachovia’s (WB) CEO Walks The Plank, Morgan, Lehman May Be Next

Posted: June 2, 2008 at 6:45 am

Billions of dollars in losses and a falling stock price can cost a CEO his job. Wachovia (WB) announced today that its current Chairman, Lanty Smith, has been appointed interim ...
Read Full Story »

Apple (AAPL): New iPhone To Hit Europe Next Month

Posted: June 2, 2008 at 6:40 am

The new version of the Apple (AAPL) iPhone should hit Europe next month. It will be much less expensive for consumers to buy because Apple will also cellular providers to ...
Read Full Story »

Top 10 Pre-Market Analyst Calls (ANR, NILE, ENER, IFX, LH, NVS, SOV, TSCO, WY, YGE)

Posted: June 2, 2008 at 6:37 am

These are ten of the analyst calls we are focusing on this Monday morning in pre-market trading:Alpha Natural Resources (NYSE: ANR) Raised to Overweight at Morgan Stanley.Blue Nile (NASDAQ: NILE) ...
Read Full Story »

Driving Banks Out Of Complex Securities

Posted: June 2, 2008 at 5:33 am

Central banks are sick of big banks losing money by putting cash into instruments which are poorly understood and financially dangerous. So, why not may it extremely expensive to buy ...
Read Full Story »

Hedge Funds Dump Oil, OPEC Gets Tested

Posted: June 2, 2008 at 5:24 am

If the smart money is right, the price of oil is going down. According to Bloomberg "Hedge-fund managers and speculators reduced bets on higher oil prices by 80 percent since ...
Read Full Story »

Hope For Future Earnings At Chip Firms: The Rise Of The Little Machines (AAPL)(RIMM)(INTC)(NVDA)(QCOM)

Posted: June 2, 2008 at 5:14 am

The sales of PCs and servers, especially in the US and Europe, is slowing due to market saturation. The same holds true for cellular phones. Chip companies now have to ...
Read Full Story »

Finally, Real Economic Slowing In China

Posted: June 2, 2008 at 4:58 am

There have been rumors that the economy in China might slow. They have gone on for almost a year. Now, the evidence is mounting that the growth of GDP in ...
Read Full Story »