Quantcast

Daily Archives: June 4, 2008

Nuance Raising Cash (NUAN)

Posted: June 4, 2008 at 4:13 pm

Nuance Communications, Inc. (NASDAQ: NUAN) just announced that it has agreed to sell 5,575,000 shares of its common stock in an public secondary offering of its stock.  Thomas Weisel Partners ...
Read Full Story »

What’s Up At Stamps.com? (STMP)

Posted: June 4, 2008 at 2:46 pm

It's always interesting to peruse the 52-week highs and lows for trading ideas.  Sometimes you see some head-scratchers and sometimes you get Eureka.  A review of the highs today showed ...
Read Full Story »

The 52-Week Low Club (ABK)(MBI)(BAC)(JAVA)(IDEV)

Posted: June 4, 2008 at 2:40 pm

Indevus Pharmaceuticals (IDEV) Bad news on drug trial. Falls to $1.21 from 52-week high of $8.22.Ambac (ABK) Possible downgrade by Moody's. Drops to $2.45 from 52-week high of $89.33.MBIA (MBI) ...
Read Full Story »

RIM (RIMM) Beats Apple (AAPL) In Smartphone Survey

Posted: June 4, 2008 at 2:08 pm

According to the latest data from Changewave, Research-In-Motion (RIMM) is running away with the US smartphone market. The research firm's May survey was based on data from 2,049 respondents involved ...
Read Full Story »

Exchanges And Financial Websites Battle Over Real-Time Quotes

Posted: June 4, 2008 at 1:50 pm

Yahoo! (YHOO) Finance began to offer real-time stock quotes recently. It got around the huge fees changed by NYSE and Nasdaq by pulling the data from the Bats ECN, an ...
Read Full Story »

Verizon, Alltel, TPG and Goldman Sachs (VZ, GS, T, VOD)

Posted: June 4, 2008 at 1:35 pm

Alltel may soon be acquired by Verizon Communications Inc. (NYSE: VZ), according to a breaking news report from CNBC's David Faber.  Faber just noted that the companies are in advanced ...
Read Full Story »

Jos. A. Bank Earnings Send Shorts Scrambling (JOSB)

Posted: June 4, 2008 at 12:46 pm

JoS. A. Bank Clothiers, Inc. (NASDAQ: JOSB) has just announced its quarterly earnings report  for its Q1-2008.  Earnings rose by 18% to $0.53 EPS, compared to $0.45 EPS for Q1-2007 ...
Read Full Story »

Moody’s Review of Insurers Saps Market Gains (MBI, ABK, MCO, MHP, BRK/A)

Posted: June 4, 2008 at 12:11 pm

MBIA Inc. (NYSE: MBI) and AMBAC Financial Group Inc. (NYSE: ABK) are actually responsible for taking back some of today's market gains.  Actually, it is Moody's Corp. (NYSE: MCO) that ...
Read Full Story »

Lear Follows Autos, Lowers Targets (LEA)

Posted: June 4, 2008 at 10:36 am

Lear Corporation (NYSE: LEA) has just lowered its guidance this morning based upon announced revisions of industry forecasting services and others which have announced downward revisions in their estimates for ...
Read Full Story »

Explanation of Level 3 Communications Volume & Price Surge (LVLT)

Posted: June 4, 2008 at 10:25 am

It has been hard to not notice the movement and trading activity in Level 3 Communications Inc. (NASDAQ: LVLT).  This set up an alert for us over at VOLUME SPIKE ...
Read Full Story »

Chimera Going For More Capital (CIM, NLY)

Posted: June 4, 2008 at 9:06 am

Chimera Investment Corporation (NYSE: CIM) has filed with the SEC to raise up to $345,000,000 in new capital via the sale of common stock.  Concurrent with this offering, the company ...
Read Full Story »

SPAC One Step Closer to First Acquisition (GGA, GS)

Posted: June 4, 2008 at 8:29 am

GCA Acquisition (AMEX:GGA) has received anti-trust clearance related to its proposed $1.3 billion purchase of merchant power generator Complete Energy. Complete Energy owns two natural-gas-fired combined-cycle power plants: the 1,022-megawatt ...
Read Full Story »

With No US Investors, Sovereigns Get Ready To Pour More Cash Into Financials (C)(MER)

Posted: June 4, 2008 at 7:25 am

If US financial companies go shopping for more cash as the credit crisis drags on, Kuwait wants the world to know it has a big bank account. A good deal ...
Read Full Story »

Smucker & Folgers: Sweet Caffeine (SJM, PG)

Posted: June 4, 2008 at 7:21 am

The J. M. Smucker Company (NYSE: SJM) and The Procter & Gamble Company (NYSE: PG) Folgers unit have confirmed yesterday's reports that the two companies are going to merge.  The ...
Read Full Story »

Downgrading The Towers Sector (AMT, CCI, SBAC)

Posted: June 4, 2008 at 7:04 am

RBC Capital Markets has issued a downgrade of the cellular and mobile tower sector this morning, which looks like it will weigh somewhat on the shares in the group.  Its ...
Read Full Story »