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Daily Archives: September 17, 2008

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Analysts Start Rackspace Coverage As Quiet Period Ends (RAX)

Posted: September 17, 2008 at 7:46 am

Rackspace Hosting, Inc. (NYSE: RAX) is seeing its quiet period end after its IPO, which now allows analysts in the underwriting group to initiate research coverage of the stock.  So ...
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Top Pre-Market Analyst Upgrades (ACE, NLY, ESLR, GFIG, HOKU, ITG, GS, KR, MON, NDAQ, TRV)

Posted: September 17, 2008 at 7:05 am

These are some of the positive calls and upgrades we have seen from analysts this morning:ACE Ltd. (ACE) raised to buy at Goldman Sachs.Annaly Capital (NLY) raised to overweight at ...
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Top Pre-Market Analyst Downgrades (BGFV, CME, QSII, TUP, SKS)

Posted: September 17, 2008 at 7:02 am

These are some of the negative calls and downgrades we have seen this Wednesday morning:Big 5 Sporting Goods (BGFV) cut to sell at UBS.CME Group (CME) cut to market perform ...
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Iphone

Nortel (NT): A Hit To Global Broadband And Wireless

Posted: September 17, 2008 at 6:54 am

The capital spending boom born of growing broadband and wireless adoption rates may be coming to an end. At least, that is what an earnings warning from Nortel (NT) indicates.Nortel ...
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Wamu

Bank Regulators Try To Auction Washington Mutual (WM)?

Posted: September 17, 2008 at 6:26 am

Bank regulators may be trying to find a home for Washington Mutual (WM). According to The New York Post, "The fate of Washington Mutual remained in question yesterday as federal ...
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Sad_clown

Abbott (ABT): A Resurrection Of The Stent Business

Posted: September 17, 2008 at 5:47 am

The stent business in the US has been dying and it is in trouble overseas. Stents are small mesh tubs which keep clogged arteries open.Last year, several studies showed that ...
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Fdic

The Next Wave Of The Credit Crisis: Banks Stop Loans To One Another

Posted: September 17, 2008 at 5:31 am

A bank that will not loan money to any other banks will probably not loan money to anyone, no matter how favorable their credit profiles may be. According to The ...
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Ford1

Porsche Takes Over VW, May Invade US (GM)(F)

Posted: September 17, 2008 at 5:07 am

After years of speculation, Porsche has become the controlling shareholder in VW. The news seems counterintuitive because VW is by far the larger company, but Porsche's ownership dates back years ...
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Aig_2

AIG Saved: Two Sets Of Rules Becomes No Rules At All

Posted: September 17, 2008 at 4:38 am

Hank Paulson and Ben Bernanke proved that they were not anarchists, willing to risk the financial system burning itself into a pile of ashes. Zeus-like, the Fed will bail out ...
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Aig

Fed Saves AIG’s (AIG) Bacon, Makes Two Sets Of Rules

Posted: September 17, 2008 at 2:59 am

The Fed rescued AIG (AIG), loaning the company $85 billion for two years in exchange for a 79.9% interest in the company.After allowing Lehman (LEH) to fail, the new arrangement ...
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Media Digest 9/17/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: September 17, 2008 at 2:55 am

According to Reuters, the federal government bailed out AIG (AIG) The Fed will loan the insurance company $85 billion for two years in exchange for a 79.9% stake.Reuters says that ...
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Jap

Asia Markets 9/17/2008 (AIG)(LFC)

Posted: September 17, 2008 at 2:18 am

Markets in Asia were mixedThe Nikkei rose 1.2% to 11,750. Mitsubishi UFJ Financial moved up in reaction to the Fed's bailout of AIG. (AIG)The Hang Seng fell 2.2% to 17,899. ...
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