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Daily Archives: September 24, 2008

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Level 3 Registers Shares For Merrill Lynch (LVLT, MER)

Posted: September 24, 2008 at 8:04 am

Level 3 Communications Inc. (NASDAQ: LVLT) has registered shares for sale by affiliates of Merrill Lynch (NYSE: MER).  This relates to potential offers and sales by Merrill Lynch International of ...
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Buffett’s Ambition In Goldman Sachs (BRK-A, GS)

Posted: September 24, 2008 at 7:20 am

Billionaire and esteemed investor Warren Buffett has made a major move.  Berkshire Hathaway Inc. (NYSE: BRK-A) is investing some $5 billion in Goldman Sachs Group Inc. (NYSE: GS).  His stake ...
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Early Bird Analyst Upgrades (ALVR, ABV, ABC, NITE, MSSR, NDAQ, PCX, TRMB)

Posted: September 24, 2008 at 6:23 am

These are some of the analyst upgrades and positive calls coming from Wall Street this Wednesday morning with more than two hours to the open:Alvarion (ALVR) Started as Buy at ...
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Early Bird Analyst Downgrades (BBT, CB, TRAK, FFIV, HTZ, JNPR, NYB, NYX, SVVS, PCU)

Posted: September 24, 2008 at 6:21 am

These are some of the analyst downgrades and negative calls coming from Wall Street this Wednesday morning:BB&T (BBT) Cut to Underperform at FBR.Chubb (CB) Cut to Underweight at JPMorgan.DealerTrack (TRAK) ...
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VirnetX Holding Corporation Files To Raise Cash (VHC)

Posted: September 24, 2008 at 5:50 am

VirnetX Holding Corporation (AMEX: VHC) has filed to sell up to $30 million worth of common stock in a secondary offering.  Cowen and Company, LLC is the lead placement agent ...
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Saving The Economy Fighting Door-To-Door

Posted: September 24, 2008 at 5:32 am

The populist notion that has come out during the current Capitol Hill hearings on the Paulson plan is that part of the $700 billion rescue package should go directly to ...
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Time to Ease Up, John & Barack

Posted: September 24, 2008 at 5:10 am

By John Tamny, RealClearMarketsIt's in many ways a distant memory now, but on June 25, 2002 the communications firm Worldcom failed. The day is presently notable because Worldcom's failure insured ...
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Fanniemae

The FBI Rifles Through Fannie And Freddie’s Drawers

Posted: September 24, 2008 at 5:04 am

The FBI has started to look into the collapse of Fannie Mae (FNM), Freddie Mac (FRE), Lehman, and AIG (AIG). The agency is looking for fraud, the kind that was ...
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Under

Why Does Goldman Sachs (GS) Need Buffett?

Posted: September 24, 2008 at 4:42 am

Goldman Sachs (GS) appears to be out of the woods of the credit crisis. It will take on the mantle of being a bank holding company. The Fed is likely ...
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Media Digest 9/24/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: September 24, 2008 at 2:47 am

According to Reuters, Warren Buffett invested $5 billion in Goldman Sachs (GS).Reuters says that the Paulson bailout plan is being attacked in Congress.Reuters reports that Japanese banks, in trouble a ...
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Asia Markets 9/24/2008 (SNP)(PTR)(MS)

Posted: September 24, 2008 at 2:14 am

Markets in Asia were slightly higher. The Nikkei was up .2% to 12,225. Nomura rose more than 5%. Mitsubishi UFJ Financial Group was up over 4% after buying a stake ...
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