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Daily Archives: January 13, 2009

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Level 3 Files Mixed Shelf, For Holders (LVLT)

Posted: January 13, 2009 at 5:25 pm

Level 3 Communications, Inc. (NASDAQ: LVLT) has just filed a mixed securities shelf registration with the SEC that will allow the sale of securities.  This filing pertains more to security ...
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Citigroup (C) Brokerage Partnership With Morgan Stanley (MS) Is Done

Posted: January 13, 2009 at 5:14 pm

Citigroup (C) and Morgan Stanley (MS) have agreed to combine Morgan Stanley's Global Wealth Management Group and Citi's Smith Barney, Quilter in the UK, and Smith Barney Australia into a ...
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Yahoo! Confirms Bartz As CEO, With A Twist (YHOO, ADSK, CSCO, INTC, NTAP)

Posted: January 13, 2009 at 5:12 pm

Yahoo! Inc. (NASDAQ: YHOO) has now confirmed reports that the former head of Autodesk (NASDAQ: ADSK) Carol Bartz will become CEO of the troubled search and online media company.  But ...
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The 52-Week Low Club (UNG)(AM)(BNI)(CPHD)

Posted: January 13, 2009 at 4:15 pm

United States Natl Gas Fund (UNG) Falling gas prices. That's all. Drops to $21.37 from 52-week high of $63.89.American Greetings (AM) New share buy-back does not seem to be helping. ...
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Will Huntington Bancshares Raise Cash? (HBAN, HBANP)

Posted: January 13, 2009 at 3:22 pm

Huntington Bancshares Incorporated (NASDAQ: HBAN) has filed a mixed-securities shelf registration with the SEC which will allow the company to sell securities and raise capital if it chooses.  The company ...
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Yahoo!’s (YHOO) Best Chance

Posted: January 13, 2009 at 2:44 pm

It is picking low-hanging fruit to say that Yahoo!'s (YHOO) new CEO, Carol Bartz, can't fix the portal company. Yahoo!'s shares are down about 3% on the news of the ...
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Alternative Energy Short Selling Decreases (CSIQ, CPST, CLNE, ENER, ESLR, FSLR, FCEL, SOLR, HOKU, JASO, SFUN, SPWRA, SPWRB)

Posted: January 13, 2009 at 2:20 pm

Short selling is not always just used as a bet against a stock, but that is what Wall Street evaluates short interest for.  We did note a drop in short ...
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Drillers Report Operations Blues (BAS, RIG)

Posted: January 13, 2009 at 1:47 pm

Oil field services company Basic Energy Services, Inc. (NYSE:BAS) reported this morning that December 2008 operations were even lower than expected. Drilling rig utilization reached just 66% in December, down ...
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When Oil & Gas Hedging Pays Off (EAC)

Posted: January 13, 2009 at 1:42 pm

Encore Acquisition Company (NYSE:EAC) announced this morning that it would cut its capital spending budget for 2009 by $150 million to $210 million. The company primarily buys and operates long-lived, ...
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Fitch Ratings Predicts Lower Oil Reserves Valuations

Posted: January 13, 2009 at 1:38 pm

Low commodity prices are likely to have a "significantly negative impact" on 2008 proved oil & gas reserves, according to Fitch Ratings. Wonder how long it took the analysts to ...
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Analyst Cooling on GE Ahead of Earnings (GE)

Posted: January 13, 2009 at 11:46 am

General Electric Co. (NYSE: GE) gave us a trader and volume spike alert earlier this morning.  The weakness today is being tied to a Barclays research note predicting that GE ...
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Citi Fesses Up On Smith Barney & Morgan Stanley Reports (C, MS)

Posted: January 13, 2009 at 9:47 am

Citigroup Inc. (NYSE: C) has issued a statement regarding the many news reports on the possible combination of Smith Barney with Morgan Stanley (NYSE: MS).  (more...) ...
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NVIDIA Visits The Gallows (NVDA)

Posted: January 13, 2009 at 9:24 am

Things have been bad for NVIDIA Corporation (NASDAQ: NVDA) for some time.  Unfortunately, they are not looking any better.  The company did not just lower its guidance.  Its guidance is ...
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In an amended 13D filing, Bill Ackman increased his holdings in General Growth Properties (NYSE: GGP)

Posted: January 13, 2009 at 9:14 am

On December 5th, 2008, Pershing Square owned 20,080,690 shares or 7.5% of General Growth Properties. As of January 9th, 2009, Ackman's Pershing Square now owns 22,901,194 shares or 7.4% of ...
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Gordon Brown’s VAT folly should be a sharp lesson to Barack Obama

Posted: January 13, 2009 at 9:04 am

by Rob Arnott & John Tamny Back in the dark economic days of the late 1970s and early 1980s, truly revolutionary change on taxation improved the economic outlook in both ...
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