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Daily Archives: November 5, 2008

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Foster Wheeler, Transocean: Revenues Up, So Are Costs (FWLT, RIG)

Posted: November 5, 2008 at 10:04 am

Before market open this morning, major oilfield services players Foster Wheeler Ltd (NYSE:FWLT) and Transocean Inc. (NYSE:RIG) reported third quarter earnings. The short version is both missed EPS estimates, while ...
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95129c

GMAC: An Explosion In The Boiler Room For Cerberus

Posted: November 5, 2008 at 9:43 am

Cerberus has invested billions of dollars into the US auto industry. Its best-known deal was its purchase of 80% of Chrysler. That investment is probably worth nothing. Its other highly ...
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Will Level 3 Be Able To Raise Its Shelf Cash? (LVLT)

Posted: November 5, 2008 at 9:06 am

Level 3 Communications Inc. (NASDAQ: LVLT) is one of the more active stocks for traders in the $1.00 and sub-$5.00 stock land.  This week the company filed an interesting automatic ...
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Unemply

Layoffs Spread Beyond Autos And Retail (NT)(HPQ)(DELL)(WHR)

Posted: November 5, 2008 at 8:47 am

For awhile, analysts had hoped that the biggest layoffs in the economy would be restricted to already troubled industries including retail, automotive, and airlines. At least companies in those sectors ...
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Almost Family Raising Cash (AFAM)

Posted: November 5, 2008 at 8:34 am

Almost Family Inc. (NASDAQ: AFAM) has filed a shelf registration that will allow the company to raise up to $150 million in securities sales.  The company filed to sell any ...
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Greenhill Files To Sell Shares (GHL)

Posted: November 5, 2008 at 8:24 am

Greenhill & Co., Inc. (NYSE: GHL) has filed to sell up to 3.5 million shares of common stock in a secondary offering.  The offering will allow the company and certain ...
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Top Pre-Market Analyst Upgrades (CMA, FITB, IRM, RF, SPSS, AMTD, THO, TDG)

Posted: November 5, 2008 at 8:08 am

These are some of the top pre-market analyst upgrades we are seeing this Wednesday morning:Comerica (CMA) Raised to Outperform at Bernstein.Fifth Third Bancorp (FITB) Raised to Outperform at Bernstein.Iron Mountain ...
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Down_arrow_red

Top Pre-Market Analyst Downgrades (AHII, NILE, FOSL, HNT, HSNI, IPCS, LPX, MCHP, PALM, PPCO, RJF, PCU)

Posted: November 5, 2008 at 7:40 am

These are some of the top pre-market analyst downgrades we are seeing this Wednesday morning with more than two hours until the market opens:Animal Health (AHII) Cut to Neutral at ...
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Time Warner (TWX) Cuts Forecasts, And, It Could Get Worse

Posted: November 5, 2008 at 6:50 am

The bad ad environment will catch up to Time Warner (TWX) in a flash. Viacom (VIA) had only just indicated that the markets for advertising sales were dismal. Now TWX ...
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The Death Of The “China Miracle” Hits Car Sales (GM)(F)(WMT)(GE)(MCD)(HPQ)

Posted: November 5, 2008 at 6:32 am

US car sales have been awful, running off as much as 30% recently. But, there is always China. It is big for McDonald's (WMT), Wal-Mart (WMT), GE (GE), and Hewlett-Packard ...
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Winter

Michael Dell Has Problems With The Truth

Posted: November 5, 2008 at 6:13 am

Michael Dell is confused. He must wander the streets of Austin with his mind in a haze.Only recently Dell said his company is doing super in the Middle East. He ...
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Sunset

Suddenly, The World Is OK, The Worst Is Behind

Posted: November 5, 2008 at 5:58 am

Anyone looking at the stock market over the last week would assume that the global recession is over, the liquidity crisis which has ruined the banking system has been addressed, ...
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Bank

The Grinch Steals Christmas For Good

Posted: November 5, 2008 at 5:25 am

The "Whos" down in "Whoville" has better watch themselves. The Grinch will steal Christmas. But, unlike the ending of the Dr. Seuss book, it won't be given back to them ...
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Newspaper

Media Digest 11/5/2008 Obama Wins, Reuters, WSJ, NYTimes, FT, Reuters

Posted: November 5, 2008 at 4:02 am

According to Reuters, Obama won the race for US presidentReuters reports that stock index futures were steady after the Obama win. (more...) ...
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Asia Markets And Europe Open 11/5/2008 Obama Win Lifts Japan

Posted: November 5, 2008 at 3:24 am

Markets rose sharply in Asis.The Nikkei was up 4.5% to 9,521.Mitsubishi Corp gained as oil rose.The Hang Seng moved up 3.9% to 14,943. The Shanghai Composite was up 3.2% to ...
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