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Daily Archives: August 7, 2008

Wb

Can Wachovia (WB) Weather An Auction-Rate Buy-Back?

Posted: August 7, 2008 at 5:11 pm

Now that Citigroup (C) and Merrill Lynch (MER) have announced that they will buy back auction-rate securities sold to their private clients, the question arises about how financial companies with ...
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Merrill

Merrill Lynch (MER) Caves In On Auction Rates

Posted: August 7, 2008 at 4:47 pm

Merrill Lynch (MER), pole-axed by the Citigroup (C) decision to buy back all of the auction-rate securities it has sold to individual investors, buckled and said it will purchase up ...
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Edgar_logo

Edgar Online Loses Largest Shareholder (EDGR)

Posted: August 7, 2008 at 3:14 pm

All companies gain or lose their largest holders at some point, and today the arrow stopped on EDGAR Online Inc. (NASDAQ: EDGR).  Edgar Online lost its largest shareholder yesterday according ...
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95129c

Sprint (S) Rises Aloft On Wild Rumors

Posted: August 7, 2008 at 2:43 pm

Sprint (S) has traded about ten times its normal volume with over 261 million shares changing hands. The market is ablaze with rumors that the cellular carrier will cancel its ...
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Sad_clown

The 52-Week Low Club 8/7/2008 (NWS)(ANF)(CIEN)

Posted: August 7, 2008 at 2:34 pm

Geo Group (GEO) Drops full-year outlook. Down to $18.47 from 52-week high of $32.93.Teekay (TK) Market unhappy with quarterly results. Falls to $33.13 from 52-week high of $62.61.Abercrombie & Fitch ...
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Buffett & Berkshire Hathaway Earnings Watch (BRK.A, BRK.B, KFT, BUD)

Posted: August 7, 2008 at 1:52 pm

After the close of trading on Friday, we'll get to see earnings out of Wall Street's favorite idol as Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) reports earnings.  ...
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Rhino Resources IPO Terms Slashed (RNO)

Posted: August 7, 2008 at 12:34 pm

Rhino Resources, Inc. (NYSE: RNO) is supposed to price its IPO this evening for Friday trading, or at least that is what we had on our IPO calendar at the ...
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China

Lenovo: PCs Still Selling In China (DELL)(HPQ)

Posted: August 7, 2008 at 12:26 pm

No wonder Dell (DELL) and Hewlett-Packard (HPQ) wish they had higher market shares in China. While sales are slowing in the US, big China-based PC firm Lenovo says its revenue ...
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Data

Citigroup (C) Goes A Long Way Toward Becoming “Worst Managed Company”

Posted: August 7, 2008 at 11:21 am

In an announcement that shows how remarkable flawed the marketing and risk management at Citigroup (C) have been, the bank agreed to buy-back $7.5 billion in auction rate securities. It ...
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Oil_gas_pipeline_pic

Good News Gets Scarce in the Energy Business (WNR, WMB, SRE)

Posted: August 7, 2008 at 9:46 am

There's no good news coming from Western Refining (NYSE:WNR) today. The company reported second quarter earnings of $8.2 million (EPS of $0.12) versus $155 million and EPS of $2.29 for ...
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Blackstone Going Green (BX)

Posted: August 7, 2008 at 9:36 am

This morning there was interesting note out of The Blackstone Group (NYSE: BX), although some efforts have already been made down this road.  The company has formed a new business ...
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Senomyx Files To Raise Cash (SNMX)

Posted: August 7, 2008 at 8:53 am

Senomyx Inc. (NASDAQ: SNMX) has just filed for a possible secondary offering or capital raise of up to $50 million.  It has filed an open shelf that will allow the ...
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Vonage Creeps Up (VG)

Posted: August 7, 2008 at 8:35 am

New management over at Vonage Holdings Corp. (NYSE: VG) is going to have its hands full.  The independent VoIP telephony leader did post a narrower loss on expense management.  Its ...
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Jobless Claims Hit New Highs: More Babysitter Positions Needed

Posted: August 7, 2008 at 7:45 am

The Labor Department just posted a pretty ugly jobs number.  Normally we do not pay quite as much attention to the weekly numbers, but they are getting worse and ...
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Illumina Gets Secondary Behind It (ILMN)

Posted: August 7, 2008 at 7:17 am

Illumina Inc. (NASDAQ: ILMN) has priced its proposed secondary offering of 3.5 million shares at $87.50 per share.  This will result in net proceeds of roughly $297.9 million. The sole ...
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