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Daily Archives: June 30, 2008

Fortune Brands… When Even Booze Spending Is Down (FO)

Posted: June 30, 2008 at 3:49 pm

Fortune Brands, Inc. (NYSE: FO) has come clean with a lowered earnings guidance for the current quarter and full year of 2008.  The company noted that a weakening consumer sentiment ...
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EMCORE Corp. Unloads Part of Alternative Energy Holdings (EMKR, WWAT)

Posted: June 30, 2008 at 3:12 pm

EMCORE Corporation (NASDAQ: EMKR) has announced after the close of trading that the company has agreed to sell 2,000,000 shares of Series D Preferred Stock of WorldWater & Solar Technologies ...
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The 52-Week Low Club (F, LEH, ABK, MER, C, WB)

Posted: June 30, 2008 at 3:02 pm

Lehman (LEH) falls on rumors of sale to Barclays (BCS). Down to $19.64 from 52-week high of $76.99.Ambac (ABK) drops on more concerns it will need additional capital. Sells off ...
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US Auto Sales Coming With Free Rope (GM, F, TM, HMC)

Posted: June 30, 2008 at 1:23 pm

On Tuesday, it won't just be the first day of the month nor just the first day of the quarter.  It is yet another reporting day for new car and ...
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Sirius (SIRI): The Market Dumps On Merger Forecasts

Posted: June 30, 2008 at 12:34 pm

Sirius (SIRI) told the world how things would look at the company after its proposed merger with XM Satellite (XMSR). The world greeted the forecast with scorn.The company called the ...
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MBIA Tries Yelling All Clear (MBI)

Posted: June 30, 2008 at 11:47 am

MBIA Inc. (NYSE: MBI) decided to speak out against some recent speculation and some recent reporting on its overall health.  The company has said that as a result of Moody’s ...
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IPO Withdrawn: BCD Semiconductor

Posted: June 30, 2008 at 11:31 am

BCD Semiconductor Manufacturing Limited has filed with the SEC to formally withdraw its prior registration statement.  In short, the company has determined not to proceed with its planned initial public ...
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Bank for International Settlements Paints Bleak Picture

Posted: June 30, 2008 at 9:50 am

No one hears much about the Bank for International Settlements but It deals with central banks worldwide and probably has as good a fix on the global economy as any ...
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Lehman Runs the GE Value Gauntlet (GE)

Posted: June 30, 2008 at 9:46 am

General Electric Co. (NYSE: GE) is seeing a rise of nearly 1% today, and this is after several days of hitting the 52-week low list and almost seeing its stock ...
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SPAC Goes Operational: Hicks Acquisition Becoming Graham Packaging (TOH, BX)

Posted: June 30, 2008 at 8:47 am

Hicks Acquisition Company I, Inc. (AMEX: TOH) has reached an agreement in principle to go from SPAC to operational.  The deal and terms are subject to execution of a definitive ...
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Goldman Sachs Positive on CommTech (CSCO, QCOM, RIMM, PWAV)

Posted: June 30, 2008 at 6:26 am

Goldman Sachs has come out with some positive calls in the communications technology group, and one of the stocks has been given an upgrade.  Specifically, Goldman Sachs noted that it ...
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Top 10 Pre-Market Analyst Calls (ALU, ATHR, HUN, LVLT, MAA, RSOL, TER, TEVA, TWTI, WFMI)

Posted: June 30, 2008 at 6:04 am

These are ten of the analyst calls we have seen in the early hours of trading this Monday morning:Alcatel-Lucent (NYSE: ALU) Raised to Neutral from Underperform at Merrill Lynch.Atheros Communications ...
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Detroit Drowns The UAW

Posted: June 30, 2008 at 5:52 am

The UAW's members have become prisoners of the economic war, used now as galley slaves rowing a fleet of doomed ships of into the hellish center of an oil-crazed war ...
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The Buffoons In The Auction Rate Markets Look For Excuses

Posted: June 30, 2008 at 5:34 am

All of the corporate CFOs and treasurers who bought auction-rate securities from the salesman from their investment banks need a scapegoat. When the credit crisis hit, the financial firms which ...
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Citigroup’s New Bonus Structure: What Happened To “Greed Is Good”

Posted: June 30, 2008 at 5:17 am

Citigroup (C) has decided to change its bonus structure so that senior management will be paid on the results of the entire bank instead of the success of their individual ...
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