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Daily Archives: November 25, 2008

Goldman Sachs (GS) Brings In $5 Billion On The Cheap

Posted: November 25, 2008 at 6:23 pm

In a home run for troubled credit markets, Goldman Sachs (GS) raised $5 billion with backing from the FDIC. It is likely that a number of other US financial firms ...
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GeoResources Files To Raise Cash (GEOI)

Posted: November 25, 2008 at 5:48 pm

GeoResources, Inc. (NASDAQ: GEOI) has filed to sell up to $100 million in a mixed securities shelf registration.  The company lists and combination of common stock, preferred stock, depositary shares, ...
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State Street Already Registers Uncle Sam’s Stake (STT)

Posted: November 25, 2008 at 5:33 pm

State Street Corp. (NYSE: STT) has filed for the potential resale of preferred stock, common stock, and warrants which was purchased by Uncle Sam in a recent transaction.  This allows ...
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ZymoGentics Backers File To Sell Stock (ZGEN, NVO)

Posted: November 25, 2008 at 4:53 pm

ZymoGenetics, Inc. (NASDAQ: ZGEN) has filed an SEC registration which would allow the company to sell up to $100 million of its common stock from time to time. What is ...
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Arena Raising R&D Funds (ARNA)

Posted: November 25, 2008 at 4:39 pm

Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) has filed to sell up to 25 million shares of common stock in a public secondary offering.  Underwriters were not listed.  Arena is a clinical-stage ...
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The 52-Week Low Club (ZLC)(TRP)(LEE)

Posted: November 25, 2008 at 3:59 pm

Zale Corporation (ZLC) Loss and withdraws annual forecast. Drops to $5.15 from 52-week high of $30.89.Rio Tinto (RTP) BHP withdraws takeover bid. Falls to $93.42 from 52-week high of $558.65.Lee ...
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IPO Withdrawal: US Power Generating Company

Posted: November 25, 2008 at 1:36 pm

We covered an IPO Filing back in August for a company called US Power Generating Company.  The company is a wholesale power generation company in New York which had filed ...
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Universal Files To Raise Cash (UVV)

Posted: November 25, 2008 at 12:58 pm

Universal Corporation (NYSE: UVV) has filed an automatic shelf registration statement with the SEC that will allow it from time to time to sell securities.  The leaf tobacco merchant and ...
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Even With Huge Cost Cuts GM (GM) May Need Government-Supported Chapter 11

Posted: November 25, 2008 at 11:35 am

After months of hunting, there still may be no single solution to the market and economic problems that are driving GM (GM) out of business.Any steps will have to bring ...
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FDIC Troubled Banks List Rises 46%

Posted: November 25, 2008 at 10:39 am

The FDIC is going to be working overtime.The agency increased the number of "troubled" banks on its list of firms it may have to shut down.The open question is where ...
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E*TRADE’s TARP Dilemma (ETFC)

Posted: November 25, 2008 at 10:09 am

E*TRADE Financial Corporation (NASDAQ: ETFC) announced this morning that it is continuing to work with regulators through each phase of its TARP application and that it "remains optimistic that it ...
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Coca-Cola Bottling Files To Raise Cash (COKE)

Posted: November 25, 2008 at 9:41 am

Coca-Cola Bottling Co. (NASDAQ: COKE) filed with the SEC to sell up to $300,000,000 in a mixed securities shelf.  The company listed Debt Securities, Preferred Stock, Common Stock, and Class ...
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Ackman’s Pershing Square Takes Large Stake in Embattled REIT General Growth Properties (GGP)

Posted: November 25, 2008 at 9:41 am

After the close yesterday, Bill Ackman's Pershing Square Capital hedge fund disclosed a 7.5% stake (20,080,690 shares) in embattled REIT General Growth Properties Inc. (GGP).Pershing Square purchased the subject shares ...
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Like It or Not, This Is Obama’s Stock Market

Posted: November 25, 2008 at 9:37 am

By John Tamny  RealClearMarketsWhile stocks staged a relief rally leading up to the presidential election, U.S. share indices have mostly been down ever since. Major media accounts would suggest that ...
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Black Gold Doesn’t Help Black Hills (BKH)

Posted: November 25, 2008 at 8:54 am

Long after the market closed yesterday, Black Hills Corporation (NYSE:BKH) seriously reduced its guidance for 2008 and its outlook for 2009. Full-year EPS is now expected to come in at ...
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