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Daily Archives: August 11, 2008

Angrybear_2

24/7 Wall St. Most Overpaid CEO Of The Day: Basin Water (BWTR) CEO Michael Stark

Posted: August 11, 2008 at 9:14 am

Basin Water (BWTR) shares are off over 50% to $1.78 on heavy volume.Basin Water said that the Audit Committee of its Board of Directors is conducting a review of the ...
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Coal is Hot, Ethanol is Not (PEIX, NRP)

Posted: August 11, 2008 at 9:01 am

Pacific Ethanol (NASDAQ:PEIX) led off its second quarter financial report with higher sales number. Unfortunately, the company also had to report earnings, or the lack of earnings. For the quarter, ...
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Wb

Can Small Businesses Escape From The Auction-Rate Securities Mess?

Posted: August 11, 2008 at 7:29 am

There has been a great deal of talk about how the New York State Attorney General and the SEC has done companies and individual investors a service by getting Merrill ...
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JDA & i2: Supply Chain Consolidation Continues (JDAS, ITWO)

Posted: August 11, 2008 at 7:08 am

An announcement came early this morning that JDA Software Group Inc. (NASDAQ: JDAS) was acquiring i2 Technologies Inc. (NASDAQ: ITWO).  The companies have signed a definitive merger pact for approximately ...
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The Government Helps Small Business, But A Very Little

Posted: August 11, 2008 at 6:55 am

The federal government decided to give small businesses a leg up. It is simply a token gesture and its likely to protect only a very small number of companies from ...
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OPEC’s Record Earnings Undercut Recovery

Posted: August 11, 2008 at 6:12 am

OPEC has taken full advantage of the free market system. Members are on a path to earning nearly $1.3 trillion this year as oil prices stay relatively high into the ...
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Top Pre-Market Analyst Upgrades (BECN, BRNC, CIEN, LLY, ENER, FPL, Q, VRSN)

Posted: August 11, 2008 at 6:12 am

These are not all of the analyst upgrades or positive calls, but these are some of the calls we are seeing with a possible impact on shares early Monday morning:Beacon ...
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Top Pre-Market Analyst Downgrades (AEP, CLNE, HTZ, IHG, QLGC, SPWR, SYMM, VAR)

Posted: August 11, 2008 at 6:09 am

These are not all of the analyst downgrades or negative calls, but these are some of the calls we are seeing with a possible impact on shares early Monday morning:American ...
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Fed

As Fed Pushes Banks For Liquidity Shareholders Face Dilution (LEH)(MER)(MS)

Posted: August 11, 2008 at 5:47 am

The Fed has been testing investment banks to see what will become of their balance sheets and liquidity if the credit markets signal another hurricane watch. According to the FT, ...
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Vz

Verizon (VZ) Bests Its Unions

Posted: August 11, 2008 at 5:27 am

Verizon (VZ) managed to dodge a strike by about 65,000 of its workers. It would have crippled the company's landline and broadband businesses and might have caused investors to dump ...
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Apple (AAPL): The Myth Of Being A Software Company

Posted: August 11, 2008 at 5:07 am

Apple (AAPL) says customers have already downloaded 60 million software applications for its iPhone. That number seems phenomenal, but from a revenue standpoint it is not. According to The Wall ...
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China

China: Exporting Inflation

Posted: August 11, 2008 at 4:48 am

China's producer price index moved up over 10% last month. According to MarketWatch, this is the largest increase since 1996. This level of inflation makes it almost certain that China ...
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Russia

The Winds Of War And Oil Prices

Posted: August 11, 2008 at 4:30 am

Russia has its own mysterious reasons for invading Georgia, one of its neighbors to the South, and there is some speculation that it would like to take on other small ...
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Private Equity Kings Seek Returns Acquiring The Debt They Issued (BX)

Posted: August 11, 2008 at 3:34 am

With the domestic deal market looking pretty dry at the moment, the private equity kings who made billions taking company after company private over the last few years are seeking ...
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Angrybear

“Emergency” Short-Selling Rules Set To Expire On Wednesday

Posted: August 11, 2008 at 2:59 am

The special rules designed to curb "abusive naked short selling" in 19 prominent financial stocks are set to expire on Wednesday, and no one's quite sure what will happen if ...
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